Medical Billing Services
For Small Practices
Medicotechllc offers end-to-end medical billing services for small practices, designed to increase your revenue by up to 25% through streamlined, accurate billing processes and a significant reduction in claim denials.
Expert Affordable Billing For Your Small Practice
For small healthcare practices, finding affordable billing solutions is essential for maintaining financial efficiency. Outsourced medical billing services typically charge between 4% and 8% of the total revenue, while in-house billing can cost up to 7% to 10%. Medicotechllc is an outsourcing medical billing company that offers competitive pricing for all Revenue Cycle Management (RCM) solutions, designed to optimize the financial operations of your practice.
Streamline Operations
Streamline your billing and administrative operations, from patient onboarding to receiving final payments.
Increased Collections
Regardless of the size of your healthcare practice, achieve a 97% net collection rate with precise, error-free billing.
Financial Performance
Streamlined billing, credentialing, and coding, powered by real-time, data-driven insights, enhance the financial performance of your practice.
All-in-one Medical Billing Solutions
Provider Credentialing
As a small practice physician, don't lose revenue due to credentialing delays. Get enrolled with multiple payers to maximize your collections and treat patients with various insurance providers.
Medical Coding Services
Coding is a primary cause of claim delays and denials. Medicotechllc eliminates errors, overcoding, and undercoding with AAPC- and CCA-certified coders, ensuring accuracy and claim approval on first submission.
Medical Billing Solutions
Better billing leads to better revenue. We provide specialized billing solutions for your small medical practice, ensuring continuous growth and seamless operations.
Revenue Cycle Management for Small Practices
Hire us with confidence, as we provide a complete RCM solution for your practice. With us by your side, you can focus more on patient care and less on the financial health of your practice, we've got it covered for you.
Patient Statements Generation
Don’t waste your time or your patients’ time. Provide them with clean, easy-to-read statements that are simple to follow, ensuring prompt payments and empowering your practice's revenue.
Patient Eligibility Check
Save yourself from reworks with accurate insurance verification, reducing the risk of unnecessary practice-related debt and ensuring smoother cash flow for your practice.
Patient Help Desk Services
Your first impression with patients is crucial in building a lasting connection, and the better the connection, the higher your practice's revenue. Hire us for patient help desk services. We know how to cater to different patients' needs effectively.
Pre/Retro-Authorization
Small practices can lose 10-20% of their annual revenue due to pre-authorization requirements. Partnering with Medicotechllc can help minimize this revenue leakage.
Enhanced EHR and AR Management
A well-managed Electronic Health Record (EHR) system helps reduce accounts receivable days, leading to higher revenue, reduced paperwork, improved workflow, and an enhanced patient experience. Additionally, an efficiently managed EHR minimizes the complexities for billing providers, streamlining the billing process and reducing errors.
Specialty Centered Billing Solutions
Medicotechllc has been providing medical billing services to various practices across the U.S. for over five years. We understand how crucial it is for providers to effectively connect and communicate their needs to the billers and coders who specialize in their field. Medicotechllc is your trusted partner, offering precise specialty billing solutions for faster processing.
Reduced Billing Cost
Our billing services are tailored to reduce the billing cost for small practices, particularly in the areas of training and practice management.
Faster Payments
Don’t just take our word for it, We reach out to payers, track and follow up on claims, and ensure timely submission for faster reimbursements.
Compliance
A HIPAA-compliant medical billing company that ensures all our clients remain aligned with updated healthcare standards.
Reduced Administrative Burden
Let us take the administrative burden off your shoulders, so you can focus on patient care without worrying about managing your practice.
Analytics and Reports
Real-time billing processes and practice management reports to help you make informed decisions for revenue growth.
Customized Billing Solutions
Every practice is unique, with its own specific needs. We ensure that each one is fully supported, helping them achieve the results they’ve worked for.
Billing Made Easy for Every Size Practices
Stop Revenue Leakage Now!
We have witnessed many practices fail because they never adapted to change. Now is your chance, whether you’re a solo practitioner, or a multi-speciality group, get enrolled with Medicotechllc. We have the best billers in the industry right at your doorstep. With us, you and your healthcare facility staff can focus on patient care while we handle the financial side.
At Medicotechllc, our professionals are trained to seamlessly integrate into your existing workflow, enhancing the financial health of your small medical practice.
Minimize Rework and Revenue Leakage with Expert Denial Management Services
Small practices often lose revenue because they lack access to expert denial management services. At Medicotechllc, we bridge that gap by providing small practice providers with our team of outsourced billing professionals, saving them the cost of in-house billing.
This is how we manage Claims & Denials:
Proactive denial prevention with audits and payer communication.
Efficient appeals process to recover revenue.
Data-driven improvements in billing and coding.
Real-time denial tracking to prevent recurrence.
Timely intervention by expert staff.
Reporting and analytics to boost revenue cycle performance.
Advantages of Outsourced Billing vs In-House Billing Services
Understanding the differences between in-house and outsourced billing can help you make an informed decision for your practice.
| Feature | In-House Billing | Outsource Billing |
|---|---|---|
| Investment | Requires investment in staff, training, and tech. | Reduces overhead costs significantly. |
| Expertise | In-house teams may lack specialized skills. | Gain access to specialized billing professionals. |
| Scalability | Difficult to scale quickly with limited resources. | Easily scale services based on business needs. |
| Resource Allocation | Staff may become overburdened, affecting efficiency. | Frees internal resources for other priorities. |
| Error Risk | High risk of errors due to manual processing. | Outsourcing to us for guaranteed secure, updated systems. |
| Control | Full control over billing processes and data. | Outsourcing ensures consistent, efficient operations. |
Medical Billing Specialties By Medicotechllc
Family Medicine
Internal Medicine
Pediatrics
Dermatology
Cardiology
Orthopedics
Chiropractic Medicine
Dentistry
Physical Therapy
Occupational Therapy
Gastroenterology
Endocrinology
Psychiatry
Obstetrics and Gynecology (OB/GYN)
Urology
Pulmonology
Ophthalmology
Otolaryngology (Ear, Nose, and Throat - ENT)
Rheumatology
Neurology
Hematology
Oncology
Pain Management
Allergy and Immunology
Sleep Medicine
See Other Specialties.
Our Medical Billing Process
Patient Registration/Appointment Scheduling
We provide patients with smooth onboarding by efficient registration and appointment scheduling process.
Insurance Verification & Authorization
Second step we do is verifying the patient’s insurance coverage and obtaining necessary pre-authorizations.
Healthcare Service Delivery
The healthcare provider delivers services while documenting the procedures and diagnoses accurately.
Medical Coding
Coders assign the correct ICD and CPT codes to the services and diagnoses based on the documentation.
Claim Submission
For faster payment processing coded information is submitted electronically to the insurance company.
Payment Posting & Patient Billing
Payments are posted to the provider’s account, and any remaining balance or patient responsibility is billed directly to the patient.
No Additional Fees
No Maintenance Charges
No Training Costs
No Initial Payments