Inclusive Medical Billing Services of iSolve RCM Advance Your Revenue Cycle Management
iSolve RCM is the best medical billing company in the USA for reasonable medical billing services. It is one of the best medical billing companies who deliver expert medical billing solutions. Our specialized team of medical billers improves everything from patient scheduling and registration to account closure.
Our medical billing professionals are updated with advanced technology to help reduce errors. Our medical billing and medical coding software solutions ensure healthcare providers will receive complete reimbursement for their rendered services. iSolve RCM provide the following medical billing services as a revenue cycle management company:
- Medical Coding
- Denial Management
- Accounts Receivable Management
- Medical Billing Audits
- Eligibility Verification
- Clearing House
- Electronic Claims Submission and more.
How iSolve RCM Support you with Billing Process
A small practice faces a significant challenge in managing the full billing cycle, such as dealing with claim denials and errors in coding. iSolve RCM is the right partner to save your precious time. We provide easy, affordable, and efficient medical billing services which enhance the overall practice billing efficiency and reduce operational delays.
Our specialized team has expertise in medical billing and coding, the full revenue cycle, AI-powered claim scouring, and Medicare or Medicaid billing process. Moreover, our team works in a friendly environment to help patients by designing easy-to-read statements for the medical billing process. Our team is highly specialized in claim submission, payment posting, denial management, and CPT or ICD-10, and HCPCS coding.
Process Of Our Outsourced Medical Billing Services
The following is a five-step process we follow to deliver our professional medical billing services:
Patient Registration
It is an initial step in the medical billing process. In patient registration, our medical billing experts collect basic information, including the patient's name, gender, and phone number, and record this information for accurate billing. The main goal is to record the basic information of the patient that covers both health and insurance history.
Eligibility Verification
Eligibility verification is the process in which our team of professionals verifies patients' insurance coverage and informs them of their financial responsibilities. This step helps healthcare providers reduce the number of denied claims, improve patient transparency, and ensure timely reimbursements.
Medical Coding
Medical coding is the process by which coders convert a patient’s notes provided by a doctor into standardized codes. Our medical coding experts are highly specialized in different specialties such as cardiology, telehealth, and more. They assign the correct codes based on the documentation to increase the claim acceptance rate.
Claim Submission
A process in which our experts send the claim with standardized codes to an insurance company to ask about payment for the services provided by the healthcare providers. Before sending, our billing team checks the claim thoroughly to check the errors so that they can avoid delayed payments.
Payment Posting and Follow-up
After getting the payment from the insurance company, our experts at iSolve RCM enter the details into the accounts receivable system to ensure accurate follow-up on uncleared payments. This process quickly detects issues, improves provider and payer relationships, and ensures accurate financial records.
Technology Platforms
Technology Platforms
Turn Claim Denials into Your Practice Revenue with iSolve RCM
Our billing expert team applies the up-to-date tools to provide professional medical billing services at iSolve RCM. We help you to lessen the burden of your staff, make their work easier and smoother whereas increase revenue and operational efficiency. All this done by addressing claim blockages, poor reporting, and inaccurate prediction. Your practice will experience a perceptible rise in collections from 5 to 10% within the first few months. We provide you tension free 96% claim accuracy on the first submission with 100% HIPAA-compliant.
Our main goal is to improve and boost patient billing efficiency and not just manage claims submission to final payment collections. We give you peace of mind by keeping you up-to-date about the status of your claims, so you can provide better care for your patients. Our potential to provide you services:
- 5–10% rise in revenue within the first 3 months
- 96% claim acceptance on the first submission
- Noteworthy decrease in A/R days and claim denials
- Timely dispatch of patient statements
- Keeping you updated about your earnings
- Smooth integration of ICD-10 coding
Why Choose Us?
Choose iSolve RCM, one of the top medical billing companies, for affordable medical billing and consulting services that reduce denials and increase collections.
- 100% HIPAA-Compliant Medical Billing
- Boost Revenue
- Less than 1% Rejection
- 99% Acceptance
- No Hidden Fees
- Enhance reimbursement outcomes
- 24/7 Access
- As low as 2.99% of monthly collections
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What Makes iSolve RCM the Best Fit for Your Medical and Consulting Services?
Our expert services make us unique in the following way:
- Cleaner Claims – Our exceptional medical billing consultation services assist to reduce claim denials
- Data Security – We ensure that your data is secure because iSolve RCM is a HIPAA-compliant medical billing company.
- Accurate Billing – We have a team of medical billing specialists who have years of experience in various areas to provide you the best medical billing and consulting services.
- Increased Revenue – Our physician billing services improve cash flow, boost revenue, and lessen errors to grow the revenue for healthcare providers.
- Quicker Reimbursements – Our medical billing experts try their best to reduce the time for claim processing to ensure quicker reimbursement.
FAQ's
What is medical billing, and what are its steps?
Medical billing is the process of getting money for healthcare providers from the insurance company. It includes five steps:
- Patient Registration
- Eligibility Verification
- Medical Coding
- Claim Submission
- Payment posting and follow-up
How does revenue cycle management differ from medical billing?
Medical billing is a subset of revenue cycle management. The process of medical billing helps healthcare providers get the money for the services they offer. Revenue cycle management manages the whole financial flow of patient care from start to final payment.
What are the primary types of medical billing?
The primary types of medical billing are:
- Professional Billing: It is used by doctors, physicians, physical therapists, and more.
- Institutional Billing: It is used by rehabs, hospitals, nursing homes, and more.
Do you outsource medical billing services to small practices?
Yes! At iSolve RCM, we outsource medical billing services to small practices. Contact us anytime and get affordable medical billing services.
Does iSolve RCM provide HIPAA-compliant medical billing services?
Absolutely! iSolve RCM provides HIPAA-compliant medical billing services.
What is EMR in medical billing?
EMR stands for electronic medical record. It is basically a chart of a patient in a digital version. It ensures clinical documentation, coding assistance, audit trail, and more to optimize your revenue cycle.