Physician Revenue Cycle Management
Med1Billing is your partner in care – providing revenue cycle and value-based care solutions that optimize financial performance and elevate the healthcare experience.
Easy 2 week Onboarding Process
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 Us?
Med1Billing is a comprehensive 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.
At Med1Billing, we are fully committed to maintaining compliance with the Health Insurance Portability and Accountability Act (HIPAA) of 1996. We adhere to all privacy and security regulations established by the Department of Health and Human Services to protect patients’ personal health information from unauthorized access or disclosure.
As a covered entity handling electronic health data, we ensure the confidentiality of all personally identifiable information (PII). Our team conducts regular audits and compliance reviews to uphold these standards. Med1Billing takes pride in delivering secure and fully HIPAA-compliant medical billing services.
Our Process
Dedication and Experience
At the core of our work lies an unwavering commitment to our clients. Backed by over 30 years of combined experience, our skilled and dedicated team brings deep expertise across diverse medical practices. We take pride in offering personalized support tailored to each client’s unique needs. Working diligently behind the scenes and remaining available around the clock, we ensure your practice is organized, efficient, and running smoothly at all times.
Focused Billing
Our team of experienced and highly skilled medical billers is committed to ensuring that your claims are submitted accurately and promptly. By streamlining the submission process and optimizing reimbursement rates, we help reduce overhead costs—ultimately boosting the profitability of your practice.
No Overhead or Investment costs for you
By partnering with us, there’s no need to install or manage a billing system in your office. We handle all associated costs—including resources, software, upgrades, and ongoing maintenance—so you can operate without the burden of additional overheads. Our team ensures that your medical claims are submitted promptly and efficiently, giving you more time to focus on patient care. .
Reporting and Transparency
With us, you have complete visibility into your billing process at all times, along with real-time access to patient information. We provide customized detailed bi-weekly, monthly, quarterly, and annual reports, offering clear insights into billing and collections—enabling you to make confident, informed decisions.
Tailored Point Solutions
Revenue Cycle Management
Boost your practice's cash flow and streamline operations with our reliable and affordable revenue cycle management services. We help single providers and group practices achieve better business performance through a shorter revenue cycle and impeccable, real-time record-keeping.
Healthcare Billing Services
Beyond just billing, we offer comprehensive medical practice billing services designed to revolutionize your account management. From the moment of initial patient contact through to payment and ongoing financial oversight, we streamline your processes and significantly improve efficiency. Plus, our customized Revenue Cycle Management (RCM) solutions are built specifically for each healthcare provider, ensuring optimal financial health and sustained growth.
Medical Coding
Leverage our expert coding team for accurate and timely charge capture. We employ proactive upstream coding alongside a comprehensive safety net to ensure no charge is missed. Our commitment to staying ahead of regulatory changes, understanding patient care nuances, and meticulous clinical documentation practices not only enhances visibility but significantly boosts your profitability.
Provider Enrollment and Credentialing
Navigating provider enrollment and credentialing can be complex and time-consuming. Med1Billing simplifies this crucial process, allowing you to focus on delivering medical services to your patients faster. We meticulously prepare and submit all necessary applications and documents for both physicians and non-physician providers
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) |
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