Hospice Billing Services in Massachusetts
Outsourcing hospice billing services to a well-known patient billing solution provider helps in revenue cycle and accounts receivable. Therefore, hiring experts from Medheave results in optimal cash flow and higher collections from insurance claims.
About Our Hospice Billing Company
Medheave is the industry’s biggest name in medical billing services. For over a decade, we have been providing billing solutions to hospice agencies throughout the USA. Our extensive knowledge about billing requirements of Medicare hospice care puts us at the forefront of innovation. Our team works round the clock with medical practitioners to ensure they get reimbursed by insurance companies.
Our Comprehensive Hospice Billing Services
Insurance Verification And Eligibility Checks
We offer healthcare coding services with precision. Worker compensation coders of our company are well-versed in updated ICD-10-CM and ICD-10-PCS, CPT and HCPCS codes. This helps them in assigning accurate medical code corresponding to medical care they receive. Our aid in coding solutions foster growth in revenue as well as in patient satisfaction from your service.
Claims Submissions And Processing
We offer billing services to hospice agencies with faster claim processing and on-time submission. A hospice agency has hundreds of patients at their facility, hence timely submission is of paramount importance. Adding charge entries on electronic claims ensures physicians are paid for their hours of services rendered to terminal disease patients. Additionally, submitting these claims in payer-specific format and on time ensures quick processing.
Payment Posting And Reconciliation
Hospice billers of our company perform payment posting on regular posting. They add all the payment information in our latest billing software. Their expertise in matching payments by patients and insurance companies with actual claims highlights discrepancies. Medheave guarantees accuracy in posting ERAs and EOBs to reduce the risk of discrepancies and enabling financial efficiency. We streamline the entire hospice payment posting system to enhance the revenue stream.
Electronic Claims Filing
Our reliable billing services offer electronic submission of claims reducing the need for clerical paperwork. Using electronic submission protocols not only fast tracks the claim processing but also results in precise tracking of reimbursement at the payer’s level. Additionally, mistakes or typos caused by manual entries can be removed. A higher level of accuracy can be maintained by using electronic claims filing or submission.
Billing And Invoicing
Hospice patients are being given constant care and medications. Our medical billing professionals add up to the minute details of all medical charges in patient records. Whether a patient is in a hospice facility or home care, all charges of medical services must be added. By taking proactive steps, we eliminate compliance issues. Prompt charges ensure accurate billing and invoicing can be initiated and submitted to insurance companies in due time.
Patient Statements And Collections
Our palliative care billers efficiently send patient statements to enhance collections. Patient statements provided by our company include name, date of medical care provided, charges, payments made and outstanding balances, etc. We use a variety of methods to inform patients about their dues such as mail, email, text and call to help them understand medical expenses and promote financial transparency between them and providers.Similarly we give a proper follow-up on collections and financial responsibility of patients. We proactively recover collections from patients on services rendered by healthcare practitioners. This step provides financial stability to healthcare organizations.
Accounts Receivable Services
We have extensive experience in monitoring and resolving A/R processes for hundreds of hospice agencies across the USA. Our hospice billing process includes the financial and credit history of your practice and setting up strict recovery terms, electronic invoicing and all types of payment methods.Additionally, we measure the effectiveness of existing account receivable policy with key performance metrics such as outstanding, collection index and A/R turnover ratio to introduce new methods of recovery that support collecting claim dues
Denial Management Services
Medheave offers complete solutions to palliative care claim denials. We have resolved thousands of insurance claim denials from the last 10+ years across the USA. Our advanced expertise enables us to offer customized services tailored to unmask and resolve issues leading to medical claim denials. Whether your practice is suffering from home health hospice claim denials or hospital services, we’ve got you covered.
The hospice claim denial management services we offer include denial analysis, identification of root causes, resubmission, and appeal management. We offer our additional assistance in hospice coding and billing audit, coordination with payers, training in-house teams, adding denial prevention measures and developing new strategies to cope with this challenge.
Why Choose Medheave?
- Reduced/Zero Billing Errors
- Greater Revenue for Practitioners
- Greater Accountability
- Higher Financial Transparency and Analysis
- Streamlines Daily Billing Operations
- 24/7 Hospice Medical Billing Services
- 30-50% Increase in Net Collections
- 2x Collections From Claims
- A/R Less Than 30 Days
- 100% accountability for achieving optimal results
- Minimum 30% reduction in Overhead Costs
- HIPAA-Complaint & ISO Certified Services
- 60% Improvement in Reporting & Efficiency
- Optimized Control on All Revenue Streams
- 10+ Years of Experience in the Industry
- Proficiency in ICD-10 Coding
- No Long-term Contracts (Monthly/Quarterly)
