Med1Billing
Revenue Cycle Management for Medical Practices
How Can We Improve Your Revenue?
Revenue Cycle Management Solutions
All-In-One Medical Billing Services for USA Providers
We are fully compliant with HIPAA regulations and up to date with changes in Medicare compliance guidelines and the upcoming ICD-10 implementation. We use the latest and most innovative technology to create effective reports and information so that you have complete control over your practice’s operations.
Our custom technology streamlines the billing process by automating data entry of charges and patient information while empowering you to make strategic financial decisions. Our staff focuses on what truly matters: customer service. Your emails and calls are answered with a solution-centric resolution, with one goal in mind—your satisfaction!
Our dedicated Account Managers will ensure proactive revenue management, increase profitability, and ensure continuous communication for complete business transparency.
Medical Billing Company
All-In-One Medical Billing Services for USA Providers
RCM8Billing is a well-known medical billing firm that deploys the best practices in medical billing and coding for physicians looking to outsource billing and coding to an expert third-party billing agency.
HELPING YOU GROW FINANCIALLY
Why Choose Med 1 Billing?
Med1Billing is a comprehensive and innovative provider of competent Revenue Cycle Management services to US healthcare providers.
We use latest and the most innovative technology to create effective reports and information in order for you to have complete control over your practice’s operations. We provide deep insight and knowledge and strategically designed work flow processes. Your emails and calls are answered with a solution-centric resolution, with one goal in mind—your satisfaction! Our dedicated Account Managers will ensure proactive revenue management, increase profitability, and ensure continuous communication for complete business transparency.
Latest Healthcare Technology
Our cutting-edge technology and billing solutions set Park Medical Billing apart from a typical medical billing company. We utilize the latest technology to prevent the most common billing and coding errors to maximize output.
Latest Healthcare Technology
Our cutting-edge technology and billing solutions set Park Medical Billing apart from a typical medical billing company. We utilize the latest technology to prevent the most common billing and coding errors to maximize output.
Medical Billing Services That Increase Your Revenue
Our focus is to increase your practice’s profitability by maximizing each claims reimbursement. Let us take care of the business side of the revenue cycle by implementing the best billing
Medical Billing Agency That Offers Reliable Client Support
Park Medical Billing prioritizes quality customer service and support. Our mission is to help grow your medical practice, and we're always there to provide the support and assistance you need.
No Long Term Contracts
There is no legal obligation for your medical practice to remain with our medical billing company. We're confident that you'll be satisfied when you partner with Park Medical Billing. However, if you decide to leave, rest assured.
Real-time Tracking
Offering customized and easy-to-read reports are our forte. Our web-based dashboard offers interactive charting at your fingertips. With the capability to produce fully customized reports along with revenue cycle management.
Are We HIPAA Compliant?
Yes, Med 1 Billing complies with all HIPAA privacy and security regulations.
HIPPA Compliance for Med 1 Billing is committed to conducting business in compliance with HIPAA (Health Insurance Portability and Accountability Act) of 1996.
Privacy standards have been set up by the Department of Health and Human Services in order to ensure the protection of a patient’s health information from unauthorized disclosure. The Final Privacy Rule requires covered entities that transmit any health information in an electronic format to maintain the confidentiality of all personal identifiable information (PII).
We conduct comprehensive compliance reviews in order to monitor and audit HIPAA rules. At Med 1 Billing, we are proud to maintain HIPAA compliance throughout our medical billing services
How Med 1 Billing Increases Your Practice Revenue
Dedication and Experience
Our commitment to our clients is at the heart of everything we do. With over 30 years of combined knowledge and expertise, our dedicated team specializes in various practices, ensuring personalized attention to each client's needs. We work tirelessly behind the scenes, available around the clock, to organize and efficiently manage your practice.
Focused Billing
Our highly skilled team of experienced medical billers is dedicated to ensuring that your claims are submitted accurately and on time. By streamlining the submission process and enhancing reimbursement rates, we can help lower your overhead costs, ultimately leading to increased profitability for your practice.
No Overhead or Investment cost for you
By choosing our services, you eliminate the need to install a billing system in your office, along with the associated costs of purchasing additional equipment. This means no more worrying about expensive software upgrades or maintenance. Our solution helps reduce your overhead costs while ensuring the timely submission of medical claims. With improved reimbursement rates, your practice can experience greater efficiency and increased profitability.
Reporting and Transparency
ven with us managing your billing process, you will maintain full visibility into the entire procedure. We believe in ensuring you have equal access to your patient information. At the end of each month, you'll receive comprehensive report packages that provide clear insights into the previous month’s billing and collections. These reports will highlight the positive impact of our services on your practice. Over time, you’ll gain a deeper understanding of your practice’s billing and collections, allowing you to make informed decisions with confidence.
What we offer
Revenue Cycle Management
We offer single healthcare providers and group practices, reliable and affordable revenue cycle management services to help them achieve better business performance. With a shorter revenue cycle, your medical practice accelerates cash flow and can keep impeccable records for every account in real-time.
Healthcare Billing Services
We offer medical practice billing services that streamline your account management and improve efficiency from initial contact to payment and beyond. We also provide customized Revenue Cycle Management solutions for all our healthcare providers.
Medical Credentialing
We obtain and negotiate contracts with insurance payors and make sure that your medical facility or physician’s contracts with insurance providers are up to date and accurate. Let the credentialing experts at United Healthcare Billing facilitate your relationships with insurance providers and patients, allowing you to eliminate confusion, serve more patients with quality care, and achieve the highest reimbursement rates.
How we measure up
In-house Billing vs Medical Billing Company
Cost Analysis
| Costs | In-House | Med 1 Billing |
|---|---|---|
|
Billing department costs |
$118,000 |
$0 |
|
Software and hardware costs |
$7,500 |
$0 |
|
Direct claim processing costs |
$3,600(Clearing house fee) |
$127,500
*Fee is varied by
reimbursement per visit |
|
% of billings collected. |
70% |
90% |
|
Collections |
$1,599,380 |
$2,056,500 |
|
Collections costs |
$129,1000 |
$127,500 |
|
Collections, net of costs |
$1,470,280 |
$1,922,880
(24% Revenue Increase) |
Supporters of leading industry associations
