Worried about your Revenue Cycle Management?
Want to reduce your expenses, increase your collection, and improve the productivity of your medical practice? NEO MD billing is the right choice. Our team of experts will help increase your efficiency by taking control of complicated RCM matters and will help improve your bottom line.
NEO MD is one of the largest RCM companies in US. We are specialized in providing the best Medical Billing Services for small practices, mid level and the larger ones. Get the maximum outcome with our best practices in medical billing and enjoy the appended:
Greater Financial Stability.
Grow your Practice with NEO MD Billing.
NEO MD Revenue Cycle Management Process in Medical Billing takes care of the financial cycle management of the practice that streamlines the core medical billing processes, guarantees sturdy collections and provides financial stability and transparency.
NEO MD Medical Billing Services:
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.
Our medical billing expert record all the patients’ benefits and insurance payments in order to maintain accurate accounts receivable.
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.
Why Outsource Medical Billing Services to NEO MD INC
NEO MD hires a well-qualified billing expert staff that can handle any specialty billing with significant accuracy and efficiency. The company has rendered its services in more than 27 states and has more than 150 successful clients. Outsource your medical billing services to a team that works meticulously with providers to drop the stress of the billing process and boost up the revenue collections ratio.
Key Performance Indicators
With the changing dynamics in Healthcare Industry, from robust improvements in medical regulations to varied technological solutions, NEO MD is competently enhancing their work force expertise and capabilities to stand prominent and distinctive in the market.
NEO MD Medical Billing Metrics or Key Performance Indicators (KPIs) assist the practices to analyze and determine their revenue cycle and gives insights to increase the collections and enhance the overall productivity.
What is Revenue Cycle Management in Medical Billing?
Revenue cycle management is the financial process used by healthcare institutions to track patient care events from registration and appointment scheduling through final payment of a balance using medical billing software.
What is Revenue Cycle Management Process?
Revenue cycle management software encompasses more than just billing procedures, while billing is central to it. An RCM system assists you with many elements of managing your practice’s finances. Billing, coding, collections, compliance, and data analytics are all included.
How to get Authorization in Medical Billing?
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: – While submitting the medical billing authorization form electronically, all insurance guidelines are considered i.e. (filling all mandatory columns/boxes),
Telephonically: – Through call authorization, only mandatory information is communicated to insurance.
How to bill a claim under NP (Nurse Practitioner)?
NP (Nurse Practitioner) claims may be submitted through many ways out of which 02 are listed below”-
[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.
How to find out provider Enrolment?
There are two ways to confirm provider enrolment,
Following guidelines to be Followed;
· Visit the insurance website for which we want to confirm provider enrolment status
· Go with finding a provider option
· Select speciality (Medical, Dental, Mental, etc. if required)
· Then select area location by adding City, state, or zip code
· Write down the name or facility for which you want to confirm enrollment status
If the name pop-up, then Provider enrolment is completed otherwise,
Call insurance and confirm from the claim department/enrolment department, whether the provider/facility is enrolled or not.
What is Revenue Cycle Management in Medical Billing?
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.
For More Information:
Chronic Care Management
HRSA April 4th, 2022 Update
Urology Medical Billing – An Ultimate Guide
A Short Glimpse to understand Dermatology Medical Billing and Coding
Cardiology Medical Billing; A step by step Guide to Uncover Loophole in Cardiology Practices
- Clearing House and Claim Scrubber Development
- Emergency Room Billing
- For Establish Practices
- For IT Companies
- For New Practices
- Front Office Management
- Healthcare IT
- Medical Credentialing
- Medical Transcription
- MIPS Consulting
- NEO MD
- Our Vision
- Revenue Cycle Management
- Schedule a Demo
- Terms & Conditions