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Top 10 Medical Billing Service Companies - 2021
Healthcare companies deal with massive numbers of patient billing records every day. Inefficient or erroneous billing due to traditional manual billing systems impacts many healthcare providers, putting a strain on their revenue cycle. Revenue cycle management is harmed by delays in the accounts receivable process, claims processing, or denial of claims by the insurance company.
Medical billing has evolved a great deal with the introduction of new technologies in the healthcare industry. Data capture solutions can use machine learning and natural language processing to recognize and capture data from medical papers for accurate coding and billing.
Computer-Assisted Coding (CAC) and blockchain are two critical technologies that will substantially impact medical billing in the future. CAC increases productivity while simultaneously decreasing claim backlogs. It can assist clinicians in identifying gaps in clinical documentation and allowing them to bill patients more promptly. On the other hand, blockchain data storage in EHRs might increase privacy protections, make information exchange quicker and more efficient, and give patients more control over their personal data.
At this juncture, various medical billing companies are entering the market to cater to the different needs of enterprises. To help them choose the solution that best fits their requirement, Healthcare Business Review has compiled a list of the most promising medical billing service companies and emerging medical billing companies. Besides, the magazine also comprises insights from thought leaders on industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you Healthcare Business Review’s ‘Top 10 Medical Billing Service Companies - 2021.
Nominate a Company
Usually, the qualified subscribers of our magazine nominate companies with whom they have collaborated and experienced exceptional results to be in this list. Did a company you recently worked with give you stellar results and ROI? Did it turn out to be one you would wholeheartedly recommend to peers? Or do you know of such an outstanding company through your network? Please fill in the details below and nominate them to be featured here.
Top Medical Billing Service Companies
Full-service revenue cycle management firm providing billing, credentialing, and compliance solutions for community health centers
Access1 Business Services
Access1 Business Services, LLC has over 30 years of experience in medical billing in the local area as well as clients from coast to coast. Their goal is to help you be more successful. They remove the burden of maintaining HIPAA compliant billing systems and personnel from your office, enabling healthcare providers the ability to focus on what they do best - providing superior patient care. They also provide monitored offsite backup systems and remote server maintenance for a wide variety of businesses.
Athenahealth
athenahealth is innovating healthcare – one connection at a time. They partner with hospitals and medical organizations across the country to help them optimize financial performance and deliver high-quality care. They offer medical record, revenue cycle, patient engagement, and care coordination services. Their expert teams build modern technology on an open, connected ecosystem, yielding data-driven insights that make a difference for their customers and their patients
Billing Freedom
Billing Freedom is among the leading provider of high-quality billing services for health care practitioners, physician groups, hospitals and individual practices. They are committed to solving some of the toughest challenges that independent practices face. Billing Freedom provides end to end solution that delivers the complete array of services. They help you to get paid quickly and save a considerable amount of time. Billing Freedom is equipped with experienced and trained individuals in HealthCare industry helping small, medium and large practices run operations focused on revenue building and compliance.
Capture Billing & Consulting
Capture Billing and Consulting, a leader in the outsource medical billing industry, offers one of the most cost effective and comprehensive medical billing outsourcing solutions to healthcare professionals available. By eliminating the need of an onsite medical billing staff, Capture Billing's staff of expert medical billers and certified professional coders helps to increase physician reimbursement by improving collection rates, ensuring proper ICD-10 and CPT coding and providing an ethical and compliant approach to medical billing management. Capture Billing was established in 2004 as the answer to one of the largest concerns physicians face today, how to receive proper insurance reimbursement for services they provided.
Comprehensive Healthcare Revenue Management
Comprehensive Healthcare Revenue Management (CHRM) is a dedicated medical billing provider that provides healthcare facilities and physician practices with a high level of expertise. CHRM makes every effort to stay current on revenue cycle changes in each of their specialties and provide training and support to their medical billing and coding staff. They put a great deal of emphasis on providing an employee centric atmosphere for their staff so that they can recruit and retain some of the very best in the medical billing industry.
Medx Medical Billing Svc
Medx has specialized in medical billing services, working with multiple specialties and hospital based practices. This experience means they understand your practice and the intricacies involved in your billing procedures. They have expertise in a wide range of practices, but not limited to; pediatrics (in office and hospitalists groups), neonatolgy, cardiology, neurology, ophthalmology, internal medicine, surgery, psychiatry, radiology, urology, family practice, plastic surgery, and many other specialties.
One Source Medical Billing
One Source Medical Billing is a provider of comprehensive medical billing solutions aimed at increasing revenue and facilitating collections. One Source Medical Billing's innovative technology platform combined with proven experience has dramatically helped medical practices succeed. One Source Medical Billing provides more than just medical billing services. They help doctors automate their manually handled tasks. They offer a complete array of document management services to digitize and convert all your patient information, paper records and insurance documentation into comprehensive electronic medical records.
P3 HealthCare Solutions
Medical billing services, MIPS data submissions, audit medical billing, HIPAA security risk analysis, enrollment and credentialing are the core functions of P3 Healthcare Solutions. It is the passion that delivers for them and for the clinicians on a daily basis. With Revenue Cycle Management (RCM) and all the time-consuming processes associated with it; P3Care steps in to combine both value-based quality programs and RCM; to simplify and translate requirements into practical means to attain objectives; while leaving a provider with only the patient, on their mind.
