Our proven track record helps private medical practices capture up to 10% more revenue through our Revenue Cycle Management Service.
You have invested years, resources, and energy to become a medical provider. And you do not want to spend much of your time managing your billing and revenue cycle. Specifically, that is why ebix, Inc. is here. We have the talent, methodology, and resources to help your practice flourish.
- Free Process and AR Analysis
- Ongoing coding education for your staff and ours
- Reduce Management Headaches
- Advanced-Data Analytics
- Detailed and Thorough Claims Follow-up
- Consistent Results
- Accountability and Transparency
- Up to 10% Added to Your Bottom Line
Accordingly, providers outsource medical billing for several reasons.
Most importantly, to increase the efficiency, revenue, and ultimately the income of their practice. Outsourcing of your medical claims billing process is beneficial to your practice. Specifically, it will speed the process, reduce your business expenses, and increase efficiency.
It is essential to realize that the key to a successful Revenue Cycle Management Service is understanding all your practice’s revenue sources. Hence, our team will help improve profitability by monitoring, measuring, and managing all aspects of your revenue cycle.
The ebix team has excellent tools and experience. Hence, our Revenue Cycle Management Service solutions in place to capture revenue from claims remittance, patients, and evidence-based data. Collecting from all these sources will help secure your practice’s health care payments and enable it to become more profitable.
The ebix team has a strong reputation for expert medical coding services. By and large, medical billing begins with accurate and complete documentation in the medical record. Hence, coding is the way your intellectual services and labor translate into a code used to bill insurance and document the value of your service.
Perhaps most noteworthy are the ICD-10 codes. The ICD-10 is currently the cornerstone of classifying diseases, injuries, health encounters, and inpatient procedures in morbidity settings. Because of this, the ebix, Inc. team has honed medical coding skills and business processes to meet the needs of independent physicians.
Therefore, the transforming of a provider’s narrative or description of the disease, injury, and procedures into universal medical code numbers for the insurance claim is the fundamental purpose of medical coding. For this reason, our team of professional certified medical coders ensures higher reimbursement by properly aligning services with a medical diagnosis. Consequently, this doesn’t just assure appropriate reimbursed. It will also minimize denials resulting from the incorrect association of diagnosis and procedure codes.
Data Analytics and Reporting brings a level of transparency and insight the accomplishments on your behalf. For example, our team of analysts will help you identify trends and track actual vs. insurance allowed amounts. The reports provide detailed data information that is needed to manage your practice and maximize your profitability. Comparatively, this is what sets ebix apart from other Revenue Cycle Management companies. We don’t just expertly code and submit. We help you identify and capitalize on unique opportunities for your practice to maximize profitability.
Minimize Medical Claim Denials
Of course, the best way to minimize a medical claim denial is to prevent them in the first place. Thus the medical billing professionals of ebix, Inc., make sure that all our medical claims are “clean.”. A clean medical application begins at the first point of contact.
Your medical practice should never accept a first-round denial as routine. In effect, to minimize medical claim denials, the ebix team of expert claim resolver gets your practice’s claims processed clean and quick. We investigate the reason for the rejection. And when necessary, we offer an extensive practice education and training session.
At The Forefront of Physician Support
Furthermore, affiliations with professional organizations enable ebix, Inc. to stay at the forefront of physician support and fiscal management in healthcare settings.
- The Advance for Health Information Professionals
- The American Academy of Professional Coders
- The American Association of Healthcare Administrative Management
- The Clinic Credit Managers Association
- The Wisconsin Medical Credit Association
- The Medical Group Management Association