Medical billing is the process of recording all the charges incurred for medical treatment in the healthcare facility and receiving payment from the concerned party. Medical treatment expenses are inclusive of any medical goods consumed. Payment is either received from the patient or the insurance company.
Need for medical billing:
Since there is no specific system in place that keeps patient treatment data integrated, doctors, specialists, labs and hospitals end up sending varied bills to the patient for the same episode of care delivered. Patient finds it difficult to understand the medical jargon and to find the amount of money covered under their insurance policy. This delays the payment to the hospitals/health care centers and sometimes no payment made. There are also instances when the patient ends up paying twice for the same treatment due to the bills received from different departments of the hospital. Outsourcing medical billing to professional service providers like Infopine benefits the healthcare center and the patients. Infopine takes care of the entire billing process from documentation to filing claims to receiving payments.
Benefits of outsourcing medical billing process:
Payment received for all the treatment rendered to the patients.
Quick collection cycle and faster receipt of payments.
Reduced overhead cost of hiring, training, salaries, employee benefits and other administration costs.
No investment in medical billing software.
Access to your patient's EHR (electronic health record) on our software.
Expert medical billing bookkeepers at a fraction cost.
Reduced payer denials.
Timely reporting and updates.
How we carry out medical billing at Infopine:
Client (hospital/doctor/specialist) shares patient's medical data with us.
If claims need to be made to the patient's insurance company, we get in touch with the concerned person at the insurance company.
Terms covered and amount that can be claimed for the specified treatment are verified.
All necessary documents & invoices are collected and submitted to the insurance company for claims, and, all relating forms are filled.
If any part of treatment and service is not covered by patient's insurance, the patient is informed of the same. So the patient pays out of their pocket for the medical care not covered.
Any other communication with the patient, medical center and insurance company relating to the payment of bills is carried out.
All charges are billed in the patient ledger and handed over to the patient/insurance company for payment.
Insurance company reviews the ledger and reports back if they will not settle any part of the claim.
If any claim is not settled and the patient is covered with another insurance plan or provider for the same, a separate medical ledger pertaining to the specific claim is submitted.
Insurance companies and patients are followed up until the payments are received.
Product for small, medium and large practices.
Contract length – 12 months (renewable).
Support – chat, ticket, telephone.
Track process progress and payments on dashboard.
HIPPA compliant and constantly updated with laws.
Payment for our services:
You pay only for the patient balance payment and insurance reimbursement.
Why choose Infopine Medical billing solution?
Our medical billing team is trained and experienced to handle the process. In addition,
Free 7-day trial is offered for first-time customers
Simple and easy process
Free customer account on our billing software
Convenience - we work round the clock so your patients and their insurance companies can pay anytime (and we follow-up)