Medical Billing Audit Services
Start your medical billing services practice with our assistance without paying any setup charges.
Want to reduce your expenses, increase your collection, and improve the productivity of your medical practice? NEO MD billing is the right choice. Our team of experts will help increase your efficiency by taking control of complicated RCM matters and will help improve your bottom line.
NEO MD is one of the largest RCM companies in US. We are specialized in providing the best Medical Billing Services for small practices, mid level and the larger ones. Get the maximum outcome with our best practices in medical billing and enjoy the appended:
- Faster Payments.
- More Revenue.
- Greater Financial Stability.
- Grow your Practice with NEO MD Billing.
NEO MD Revenue Cycle Management Process in Medical Billing takes care of the financial cycle management of the practice that streamlines the core medical billing processes, guarantees sturdy collections and provides financial stability and transparency.
Charge Entry
Our billing services ensure compliance of over 98.3% of claims within a 24-hour time span of receipt.
Timely Claim Submission
NEO interpret and submit the claims to the insurance carrier within 48-hours after acquiring the patient encounter forms.
Payment Posting
Our medical billing expert record all the patients’ benefits and insurance payments in order to maintain accurate accounts receivable.
Insurance Collections
NEO strives to ensure that your 60-day remaining accounts receivable to below 20%, and 120-day accounts payable to below 10%. NEO follow-up with each insurance firm based on its particular payment plans.
Reporting & Testimonials
We keep you in the loop regardless of the complexities of the process. Each of our clients is assigned an account manager to handle your billing tasks. Our clients are well aware of their billing status through prompt reports.
Claim Scrubbing/ Re-submitting
Our billing service specialist scrubs/refine the claims to ascertain that all the relevant data needed for successful interpreting is included. If claims have to be re-filed, we will resubmit them again by not increasing any cost to the client.
HIPAA SECURITY ASSESSMENT
Under HIPAA compliance, we are a devoted business associate. We are bound to follow the law in letter and spirit before anything else. In fact, we run a service – HIPAA security risk assessment – for practices to become HIPAA-proof, i.e., avoid being penalized.
Why Outsource Medical Billing Services to NEO MD INC
NEO MD hires a well-qualified billing expert staff that can handle any specialty billing with significant accuracy and efficiency. The company has rendered its services in more than 27 states and has more than 150 successful clients. Outsource your medical billing services to a team that works meticulously with providers to drop the stress of the billing process and boost up the revenue collections ratio.
With the changing dynamics in Healthcare Industry, from robust improvements in medical regulations to varied technological solutions, NEO MD is competently enhancing their work force expertise and capabilities to stand prominent and distinctive in the market.
NEO MD Medical Billing Metrics or Key Performance Indicators (KPIs) assist the practices to analyze and determine their revenue cycle and gives insights to increase the collections and enhance the overall productivity.
What is Revenue Cycle Management in Medical Billing?
Revenue cycle management is the financial process used by healthcare institutions to track patient care events from registration and appointment scheduling through final payment of a balance using medical billing software.
What is Revenue Cycle Management Process?
Revenue cycle management software encompasses more than just billing procedures, while billing is central to it. An RCM system assists you with many elements of managing your practice’s finances. Billing, coding, collections, compliance, and data analytics are all included.
