Top Medical Billing Solutions for 2019
Discover the top medical billing services of 2019, including Human Medical Billing, DrChrono, and AdvancedMD. Learn how these solutions can streamline your practice’s billing process, improve cash flow, and provide dedicated support. Key factors like pricing, contract terms, claim handling, and customer service are discussed to help healthcare providers choose the right partner for their needs. Whether you have a small or large practice, these platforms offer tailored features to optimize revenue management efficiently.
Leading Medical Billing Solutions in 2019
Medical billing involves managing the submission of claims to health insurance providers on behalf of healthcare practices. It converts healthcare services into billing claims, ensuring providers receive compensation. These services utilize advanced software and dedicated support teams to process thousands of claims efficiently. A professional billing partner can improve your revenue cycle management and provide detailed financial reports.
Key factors to evaluate when choosing a medical billing provider include transparent pricing, contract terms, claim processing capabilities, specialized services, and customer support responsiveness.
Pricing Structure
Choose a plan that aligns with your practice size, and consider any extra fees beyond the base cost.
Contract Terms
Understand minimum commitments, early termination policies, and potential penalties.
Claim Handling
Check if the service includes certification of coders for rejected claims and details of the claim submission process.
Tailored Services
Ensure the provider offers expertise suited to your practice’s specialty and business model.
Customer Support
Look for responsive support channels, quick grievance resolution, and dedicated account management options.
Popular Medical Billing Providers and Software in 2019 include:
Best for Flexible Practices
Human Medical Billing
This cloud-based platform hosts all data remotely, reducing infrastructure costs. It offers comprehensive claim management, including manual review, automated submissions, and follow-ups on unpaid or rejected claims. Financial analysis and electronic remittance are also included.
Pricing depends on practice size; charges are capped at 6% of net collections with a minimum fee of $500.
The platform features a mobile-friendly interface and dedicated account support, including live chat, email, and phone assistance.
Ideal for Small Practices
DrChrono
This all-in-one healthcare IT solution supports small practices with efficient claim processing. Certified coders prepare claims compliant with ICD-10 standards, and predictive analytics help minimize rejections. The company boasts a 94% first-pass claim approval rate, with claims typically processed within 48 hours and payments within 60 days.
Cost ranges from 4% to 9% of monthly net collections, influenced by practice size and volume.
The software offers an intuitive interface with real-time tracking and dedicated support through a personal account manager.
Best for Large Practices
AdvancedMD
Designed for sizable healthcare operations, AdvancedMD delivers extensive billing services with robust customer assistance. The platform manages most billing processes internally, including first-pass claims and secondary submissions, ensuring a 95% approval rate.
Monthly minimum fees apply, regardless of collections. Fees vary based on practice scale and services used.
Factors like provider count, specialty, and patient volume influence overall costs.
Note:
The information provided about symptoms, treatments, and health conditions is for general awareness only. It should not replace professional medical advice. Always consult licensed healthcare professionals for diagnosis and treatment decisions.
