Hospitalist
Billing Services
You’re in the right place to find the best in the industry for your Hospitalist billing services. Our billing and coding experts are trained to use accurate CPT and E/M codes, ensuring transparent and clear bills that maximize your revenue.
Revenue Cycle Management Services We Offer
Medical Billing
Hospitalist medical billing is challenging with multiple procedures, making it hard to capture all services for reimbursement. Our billers are trained to handle these complexities.
Medical Coding
Error-free coding is guaranteed with Medicotechllc as your billing company. Our coders understand the balance between over- and under-coding, leaving no money on the table.
Physician Credentialing
Not seeing enough patients? You may not be enrolled with insurances like Medicare, Medicaid, Aetna, Cigna, etc. Let Medicotechllc credential you faster to boost patient flow and revenue.
Insurance Eligibility
Check
Timely insurance verification is crucial for both patients and practices. We understand its importance, as insurance claims depend on it, and incompetence can cost thousands of dollars.
Claim Rejection Management
We have expert denial management teams to handle denials. Our first approach is to prevent such discrepancies, but if one occurs, we handle and resubmit it promptly.
Patient Collection & Statements
Patient satisfaction is key to improving practice revenue. Our certified billers create fully transparent patient statements, ensuring patients understand their responsibilities.
Advanced Reimbursement Model to Ensure Full Revenue Capture
Hospitalists navigate a variety of insurers and reimbursement models, including Medicare, Medicaid, and commercial payers, each with its own billing rules. We ensure compliance with government regulations, commercial payer requirements, and HIPAA standards, capturing all the revenue a physician earns.
Our Advanced Reimbursement Models Include
- Fee-for-Service (FFS) - Payment per service provided.
- Risk Sharing - Providers share financial risk with insurers.
- Value-Based Care (VBC) - Payment based on care quality and outcomes.
- Bundled Payments - Single payment for all services related to a treatment.
- Capitation - Fixed payment per patient, regardless of services.
- Pay-for-Performance (P4P) - Rewards for meeting performance metrics.
- Real-Time Data Updates
- Enhanced Billing Accuracy
- Tailored Integration for Your Practice Workflow
Easy Integration With Your Existing EHRs
Integration with Electronic Health Records (EHR) systems in hospitals can be complex, particularly when hospitalist services are provided across multiple locations. However, this is not an issue for Medicotechllc. We utilize advanced hospitalist billing software along with our expertise and robust systems to seamlessly integrate your existing EHR with all administrative and billing processes.
AR Management
Hospitalists face challenges in managing Accounts Receivable (AR) due to multiple insurers, varied reimbursement models, and billing discrepancies, leading to delayed payments and higher administrative costs. Efficient AR management ensures timely payments and minimizes revenue loss. At Medicotechllc, we specialize in AR management for hospitalists, ensuring accurate claims, proactive follow-ups, and quick resolution to optimize cash flow and boost your practice’s financial health.
- Enhanced Cash Flow Monitoring
- Proactive Claim Follow-ups
- Streamlined Reimbursement Process
Adherence to Bundled Payments
Many hospitalists now work under bundled payment models, which require careful coordination and management of multiple services provided during the patient’s stay. These models present unique challenges, as all services are typically bundled into one payment. We have experts with years of experience in billing, ensuring the efficient handling of bundled payment claims while maximizing reimbursement.
Enhancing Patient Experience in Hospitalist Billing
A positive patient experience begins with clear, transparent billing. By providing easy-to-understand statements and proactive communication, patients feel more confident in their care. This reduces confusion and boosts overall satisfaction, setting your practice apart.
Frequently Asked Questions
How can Hospitalist billing improve my practice's revenue?
Effective billing ensures that every service provided is captured accurately for reimbursement, reducing errors and maximizing revenue.
What makes Medicotechllc's coding practices different from others?
Our team has AAPC certified coders ensuring precise coding, balancing over- and under-coding to guarantee that no revenue is left unclaimed.
How does insurance verification impact my practice's financial health?
Timely verification ensures accurate claims and reduces costly errors, preventing revenue loss from denied claims and delays.
Can your services help with complex bundled payment models?
Yes, our experts specialize in managing bundled payments, ensuring that all services are properly reimbursed under these models.