Every practitioner desires the best medical billing service provider to manage administrative burdens and help grow their revenue and practice to new heights. But how can you determine which medical billing company in your state is the best fit for you, offering excellent support and compliance with all necessary billing standards? If you’re a provider looking for a better or the best medical billing company in New York, here are some top companies, carefully selected by our experts, to help guide your decision.
You’ll come across many companies promising flawless billing and one-month revenue growth, but don’t fall for false promises. Instead, take the time to do the necessary research to make an informed and wise choice.
Outsourcing Medical Billing Services
Before diving into the top billing companies, it’s important to understand why outsourcing is often better than in-house billing services. The benefits include cost savings on salaries, access to certified billing experts, and less hassle for you. With outsourcing, you don’t have to manage an additional team. It’s the billing provider’s responsibility to handle their team, freeing you from that extra burden.
5 Best Medical Billing Companies in New York
1. Medicotechllc
Are you one of those providers who get a large number of patients in your healthcare facility but aren’t seeing growth in revenue? Well, don’t worry. Medicotechllc is one of the best medical billing companies in New York. They have received positive reviews for fulfilling the promises they made to their clients. With over 5 years of experience in medical billing, their biggest strength lies in their expert billers handling 50+ specialties and the trust they’ve built with clients over time, with a 97% net collection rate.
Services They Offer:
- Credentialing Services
- Medical Coding
- Medical Billing
- RCM Solutions
- Patients Help Desk Services
- Patient Statement Services
- Healthcare Insurance Verification
- AR Management
Client Reviews:
“We struggled with other billing services when it came to our complex surgical claims. But this team got it right, handling the coding properly and getting approvals faster. Our revenue is up, and the stress is off our shoulders, all thanks to Medicotechllc.”
Medicotechllc is offering a 1-month free billing audit to their new clients, allowing them to experience firsthand what is offered and what is delivered. Medical billing services New York have never been this easy and accurate.
2. iRCM
They are selling the headline “#1 Medical Billing Company in NY,” and they ain’t wrong because they are one of the best local billing companies in New York. With their experience and expertise, they can help grow your practice by increasing revenue and accuracy. This will, in turn, build your patients’ trust in you and your trust in iRCM.
Services They Offer:
- Credentialing Services
- Medical Coding
- Medical Billing
- Revenue Cycle Management
- Out Of Network Billing
- AR Follow-Up
Client Reviews:
“I recently had the pleasure of working with iRCM (shout out to Jenny, Emma, Sarah) and I highly recommend them without reservation. From start to finish, their professionalism and expertise made a significant difference in my billing application process. Thank you very much.”
Improve your financial health with their comprehensive end-to-end RCM services and achieve better outcomes.
3. Curemd
CureMD, one of the oldest medical billing companies, was founded in 1997. Partnering with them offers you years of experience and guidance on how to grow and succeed in the competitive, ever-changing healthcare industry. What sets them apart from their competitors is their online EHR/EMR solutions and the advanced technology they use in billing and coding for providers, minimizing errors and denials.
Services They Offer:
- EHR Management
- Practice Management
- Medical Billing
- Medical Coding
- Credentialing Services
- AI Solutions
Client Reviews:
“CureMD’s Medical Billing Software and Services are customizable. It is simple and straightforward to use. If you can see it you can do it.”
They are the perfect choice if you’re looking for simplicity and accuracy in your claims.
4. Sunknowledge Services, Inc.
Sunknowledge is well known for its expertise in DME billing. If you’re looking for DME billing, there is no better option than choosing Sunknowledge billing services. Not only do they specialize in DME billing, but they also offer billing plans for over 30 other specialties, serving these areas with the expertise and experience they’ve gained over the last 15 years in the healthcare industry in New York.
Services They Offer:
- Prior Authorization
- Medical Billing
- Patient Intake
- Medical Coding
- Accounts Receivables
Client Reviews:
“You and your team are doing a wonderful job! We are very fortunate to have Sunknowledge and your expertise in the authorization process. Thanks again for all you do.”
They guarantee faster claim approvals with multiple insurance payers. If you own a healthcare facility treating specialties, Sunknowledge can offer you value.
5. SybirdMD
One of the best medical billing companies, they offer quick services with unmatched accuracy. Founded in 2009, they have gained both experience and the trust of their clients. If you’re a provider looking for comprehensive medical billing and coding services, they could be an excellent choice. Currently serving over 100 practices across 22 states, they specialize in more than 37 specialties and are experts in managing complete RCM (Revenue Cycle Management) for their clients.
Services They Offer:
- Front Office Management
- Credentialing Services
- Medical BIlling
- Medical Coding
- Medical Transcription Services
- Telehealth Billing Services
- Virtual Medical Assistants
Client Reviews:
“I love working with SybridMD” SybridMD is my choice of medical coding and billing company. I have been with them for a year now and they do a great job with billing. All my questions and concerns are addressed immediately. I love working with SybridMD.”
They are managing their clients’ practices and front office management effectively. If you are struggling with yours, they can help you with it.
What to Look for in a Medical Billing Company?
1. Years of Experience
To determine the right medical billing company, you should consider how much experience they have. The more experience the company has, the better it is likely to perform. While the company’s age may not matter as much, the experience of the staff they use to serve you is important.
2. Customer Reviews
A happy client is what you’re looking for when hiring a company. Check the company’s reviews and, if possible, reach out to their clients. If that’s not an option, you can always research reviews on the internet or their website.
3. Specialities Covering
It’s not necessarily a factor whether a company focusing on multiple specialties is an expert in all of them. There are companies that focus on a single specialty and perform well, just as there are companies that serve 50+ specialties and still deliver excellent results. However, it’s important to assess the company thoroughly before making, as it can have a significant impact on your revenue and practice operations.
4. Certifications & Compliance
You don’t need us to tell you that the company you hire must comply with regulations and have certified experts to secure insurance claims, and demonstrate a strong track record in handling sensitive data with robust cybersecurity to prevent breaches.
5. Affordable Billing Solutions
Never prioritize quality over price. However, if you’re getting affordable prices with good service, you should go with them, and make sure they are delivering the services they claim. Sometimes, the services may fall short when the price is reduced.
Outsourcing is a better choice when it comes to reducing overhead costs such as salaries, staff training, and management.
6. Scalable & Customizable Solutions
To streamline the operations of your practice, the company you hire for your billing and coding needs should understand your unique requirements and serve you accordingly.
Dedicated Account Manager:
Ensure you’re assigned a dedicated account manager to address all your challenges and answer any queries. Reputable billing companies like Medicotechllc ensure you have a dedicated account manager to assist you.
7. Quick Turnaround Time
A good billing company helps providers secure their claims as quickly as possible, ensuring that your practice, staff, and patients are all on the same page, while keeping your revenue flowing smoothly.
8. Data Security
Protecting patient data is protecting trust in healthcare. Make sure you hire a company that complies with HIPAA and PHI regulations for data protection.
9. Technology Used
Hire a medical billing company that keeps you updated and ensures optimal performance by using the most advanced technology available. This approach enhances your practice’s productivity while minimizing errors and maximizing revenue.
10. Customer Support
Partner with a company that promises 24/7 customer support, as there are over 50 specialties in healthcare, and billing, coding, and authorization checks vary for each of them.
11. EHR/EMR & AR Management
Well-managed accounts receivable means receiving quick and timely reimbursements. Managing EHR/EMR is crucial for all parties involved in billing, the insurance company, patient, and provider, so it must be updated and clear.
FAQ’s
- What are the best medical billing companies in New York?
The best medical billing companies in New York include Medicotechllc, iRCM, CureMD, Sunknowledge Services, and SybridMD. These companies offer comprehensive services such as credentialing, medical coding, and revenue cycle management, tailored to meet the unique needs of healthcare providers in the region.
- Why should I outsource my medical billing services?
Outsourcing medical billing allows you to save on overhead costs, gain access to certified experts, and avoid the complexities of managing an in-house billing team. It helps improve revenue cycle efficiency, reduces errors, and ensures compliance with regulations.
- What types of specialties do medical billing companies in New York cover?
Many medical billing companies in New York specialize in various areas such as surgery, mental health, DME, and telemedicine. It’s important to choose a billing provider that is experienced in handling claims for your specific specialty to ensure accuracy and maximize reimbursements.
- What services do medical billing companies in New York offer?
Medical billing companies in New York offer a wide range of services, including medical coding, billing, revenue cycle management, accounts receivable management, credentialing, and patient statement services. These services help healthcare providers streamline operations and improve revenue collection.
- What should I look for in a medical billing service provider?
When choosing a medical billing service provider, look for experience, certifications, customer reviews, and compliance with regulations. Ensure they offer scalable solutions, use advanced technology, and provide a dedicated account manager for personalized service.
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