Evolving solutions, rich in eliminating billing errors that fit your
practiceโs smooth revenue cycle management.
7-14
30%
Reduction in A/R
15-20%
90%+
88%
Smart Revenue Cycle Management Solutions
Every hospital or healthcare system is not the same, so why settle for a generic RCM solution? NEO MD is an all-in-one RCM service that offers a customized solution unique to your health systemโs needs. Our Medical Revenue Cycle Management experts are available around-the-clock to ensure quick collections and prompt reimbursements, uncover all revenue opportunities and minimize denied claims.
The practices employing the NEO MD Medical Billing platform may provide the best possible treatment while enhancing patient satisfaction and healthcare outcomes. Our experts pursue claims for maximum reimbursement, following up on denied and down-coded claims. Claims are followed up systematically and quickly.
Why leading healthcare organizations partner with us?
Drive practice efficiencies
through complementary, integrated solutions. NEO MD experts evolve state-of-the-art strategies capable of resolving any billing hassles.
Our combination of tenured domain expertise
proven processes, and integrated technology enables a true transformation of the revenue cycle
Our state-of-the-art technology-based infrastructure
ensures we can meet our customerโs needs today and well into the future
Our financial-aligned engagement strategies
promote speed to value and guarantee the accomplishment of customer goals.
Benefits of Working with NEO MD
Our goal-oriented technology platform,
powered by intelligent automation, eliminates the friction caused by patchy point solutions
Our combination of tenured domain expertise,
proven processes, and integrated technology enables a true transformation of the revenue cycle
Our state-of-the-art technology-based infrastructure
ensures we can meet our customerโs needs today and well into the future
Our financial-aligned engagement strategies
promote speed to value and guarantee the accomplishment of customer goals.
Schedule a Free Demo
One of our staff members will respond to your Query within 24 Hours.
NEO MD Medical Billing
Services:
Charge entry
Our billing services ensure compliance of over 98.3% of claims within a 24-hour time span of receipt.
Timely Claim Submission
NEO interpret and submit the claims to the insurance carrier within 48-hours after acquiring the patient encounter forms.
Payment Posting
Our medical billing expert record all the patientsโ benefits and insurance payments in order to maintain accurate accounts receivable.
Insurance Collections
NEO strives to ensure that your 60-day remaining accounts receivable to below 20%, and 120-day accounts payable to below 10%. NEO follow-up with each insurance firm based on its particular payment plans.
Reporting & Testimonials
We keep you in the loop regardless of the complexities of the process. Each of our clients is assigned an account manager to handle your billing tasks. Our clients are well aware of their billing status through prompt reports.
Claim Scrubbing/ Re-submitting
Our billing service specialist scrubs/refine the claims to ascertain that all the relevant data needed for successful interpreting is included. If claims have to be re-filed, we will resubmit them again by not increasing any cost to the client.
HIPAA SECURITY ASSESSMENT
Under HIPAA compliance, we are a devoted business associate. We are bound to follow the law in letter and spirit before anything else. In fact, we run a service โ HIPAA security risk assessment โ for practices to become HIPAA-proof, i.e., avoid being penalized.
Why Outsource Medical Billing Services to NEO MD INC
With over 15 years of dedicated revenue cycle management services in the medical billing industry, we only focus on getting our clients paid. Our key features include the following:
- Reduce your Practice management costs by 40%.
- First level of Claim Acceptance Rate (95-98%)
- 100% HIPAA compliance
- Review of diagnosis coding
- Free Medical Billing Audit
- Real-time transaction audits
- Obtaining authorizations & extending authorization
- Rejection follow-up within 24 hours
- Timely payment posting to reflect accurate AR
- Claims submission within 48 hours of receiving proof of delivery
- Methodical and proactive AR follow-up
- Successfully opening Insurance Penal for Providers
- Denial management based on detailed analysis
- Customized reporting
Medical Specialties
Evolving state-of-the-art billing strategies for all medical specialties fully compliant with HIPAA regulations and CMS Quality matrix.
What our clients say about us
What Makes Us Different
As a leading Medical Billing company with a personal, high-touch service, we brought the most innovative and thought-advancing experts in medical billing and revenue cycle management together to progress this industry into the modern, technological age. NEO MD aims to provide analysis and professionalism unrivaled by other Medical Billing Companies.
Medical Billing FAQ'S
Authorization in medical billing (prior or retro) may be obtained in a number of ways, including but not limited to electronically (by submitting a specific form) or over the phone (over the call). CPTs and ICDs are required items that must be authorized.
Electronically: โ While submitting the medical billing authorization form electronically, all insurance guidelines are considered i.e. (filling all mandatory columns/boxes),
Telephonically: โ Through call authorization, only mandatory information is communicated to insurance.
NP (Nurse Practitioner) claims may be submitted through many ways out of which 02 are listed belowโ-
[A] By adding Nurse Practitioner information in box number 24-j and NP signature in BOX 31 of CMS-1500 and refereeing provider information in BOX 17.
(Referring provider is a supervisor physician under whom supervision NP is providing services).
[B] By adding Supervisor physician information in box number 24-j and Supervisor physician signature in BOX 31 of CMS-1500. Medical Records signed by NP and countersigned by Supervisor physician.
Revenue cycle management in medical billing is the financial process healthcare institutions use to track patient care events from registration and appointment scheduling through final payment of a balance using medical billing software.
Cardiology Medical Billing is similar to many other medical billing systems. However, it is a little more complicated for physicians and billing service providers.
The system works as follows: The patient arrives for treatments, and following pre-authorization by a staff member, the patient receives treatment and pays charges for services. If he is insured, his insurance company is responsible for paying for the treatment.
Cardiology Coding nowadays comprises parts of Interventional Radiology, Endovascular surgeries, Electrophysiology, an array of diagnostic tests, and E&M services. Each one comes with its own set of complicated and confusing rules. Expert Coders will make sure to use the correct documentation and coding in order to improve the billing process and also to help with reimbursements.
Many cardiac healthcare practitioners and organizations experience several denials due to Cardiology Medical Billing and coding issues. Consequently, practicing Cardiologists should be aware of Cardiology Medical Billing procedures.
It enables you to identify communication gaps between physicians, nurses, billers, and Coders. Any mistakes in a healthcare practiceโs processes and procedures might result in denied claims and delayed reimbursements.
A cardiologist may do heart catheterizations, angioplasty, pacemaker insertion, and other procedures, as well as a range of tests. A cardiologist is part of the broader field of cardiovascular specialists. There are many various kinds of cardiovascular specialists, and a cardiologist is one of them.
Urology Medical Billing is the mechanism through which clinicians bill insurance companies for services delivered to patients. Medical billing and coding specialists provide predefined codes for various procedures. Due to the nature of its codes and terminologies, billing for Urology services can be more complicated than other specialties.
