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.
Why Choose Med1Billing?
HELPING YOU GROW FINANCIALLY
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, Med1Billing complies with all HIPAA privacy and security regulations.
HIPPA Compliance for Med1Billing 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 Med1Billing, we are proud to maintain HIPAA compliance throughout our medical billing services
Med1Billing 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 dedicated to ensure 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 costs for you
By choosing our services, you eliminate the need to install a billing system in your office. This means we bare all necessary costs for softwares, upgrades and maintenance. This allows you to keep your overhead costs low while ensuring timely submission of medical claims.
Reporting and Transparency
When with us managing your billing process, you will maintain full visibility into the entire billing process. You will always be provided with equal access to your patient information. Monthly comprehensive reports outlining the month's billing and collections will be shared. This allows 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 Coding
We offer skilled set of coding expertise that ensure accurate and timely coding. We combine upstream coding with a safety net to capture every charge. We strive to provide attention to regulatory changes, patient care and clinical documentation which provides better visibility and strengthens profitability.
Provider Enrollment and Credentialing
Provider enrollment and physician/nin physician credentialing is required to pro ide medical services for their patients. Med1Billing submits applications and associated documents on behalf of the provider.
We provide medical credentialing services for:
- Commercial insurance provider(Aetna, Anthem, BCBS, CIGNA, TriCare, Humana )
- Medicare and Medicaid
- Medicare revalidation
- CAQH registration
- NPI (Type I and Type II)
How we measure up
In-house Billing vs Medical Billing Company
Cost Analysis
Figures based on national industry averages using 3 providers w/$2.1 million billed annually
| 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
