How P3Care Helps Providers Increase Sales Revenue?
Quality payment program has significantly influence medical billing services in the USA. They have achieved milestones in this field. This field is quite tough as it requires great focus and attention for creating and submitting accurate medical claims so that, healthcare providers are rightfully reimbursed for their rendered services.
Sales revenue is the prime growth factor in this industry like any other business. Healthcare service providers want to generate as much profit via providing high-quality medical facilities and treatments. It is only possible when medical billing services accurately perform their billing tasks. But not all medical billing services are efficient enough to provide value-added services to the healthcare industry.
P3Care is such a medical billing agency that provides one of the best medical billing solutions to healthcare service providers. Our cost-effective and time-efficient healthcare solutions serve to all of the billing and coding problems. We don’t just create and submit accurate medical claims for insurance companies, but also facilitate the healthcare industry to improve their billing solutions to increase sales revenue. We got many clients who have gained a great deal of profit from their account receivables. We don’t just false promise but aim to deliver desired results for physicians and private medical practitioners.
Review our following billing services and see that how our value-based services improve the revenue generation process for healthcare service providers.
Audit - Medical Billing
We provide medical billing auditing services to all healthcare service providers, either working on a small scale or large. P3Care professional experts analyze the whole billing process to access the reasons behind the failure of efficient sales revenue. We look into each document to investigate relating to the accounts receivable. Our purpose is to determine what essential keys are missing from the medical billing system to run the revenue cycle management smoothly; and why health care providers are unable to generate noticeable revenue.
Soon as we determine the causes of poor sales revenue generation, our professionals find efficient and successful cost-effective solutions to increase sales revenue. We not only pinpoint problem areas but help in professionally rectifying them. We have experience and expertise to efficiently conduct internal and external medical billing auditing to help healthcare service providers to improve their efficiency and eventually revenue.
Account Receivable Management
Account receivable management is of core importance in the medical billing process. Professional medical billing agencies don’t let account receivables to pile up. Therefore, it is essential to focus on unattended and pending medical claims so that the ratio of approved medical claim and sales revenue increases. Another major issue is not checking patient’s eligibility and verifying it in early stages. Immature generally don’t have a proper plan to carry out the medical billing and coding process. They put their efforts un-necessarily on creating medical claims in which some of the treatments are not included in the patient’s coverage plan. It wastes a lot of time and then results in increasing the number unattended claims by the insurance company or payers.
Therefore, clearing out all discrepancies at early stages saves a lot of time that can be invested in creating more medical claims. Our medical billing and coding agency helps in efficiently managing account receivables by improving methods of medical billing and coding. Our professionals work hard for removing all errors for creating accurate medical claims, so that account receivable becomes easily manageable increasing sales revenue for the healthcare service providers.
Accurate Medical Billing and Coding
P3Care hire professional medical billers and coders to successfully create medical claims for insurance companies and payers like Medicare and Medicaid. They are trained and experienced to manage all tasks professionally. Our secure medical billing and coding practices code each medical procedure and facility like ambulance service according to the specified standards. We follow MACRA, MIPS, ICT, and CPT guidelines and precisely bill the relevant codes. We also review medical claims to cross check any errors and remove them to increase the productivity of the billing system.
We make sure that via our services, healthcare service providers get reimbursements without any delays. Therefore, creating accurate medical claims with relevant and accurate data helps in generating sales revenue.
Meaningful Use of EHRs
Modern medical billing and coding services use electronic healthcare records (EHRs) for handling bulk of information. Likewise, here at P3Care, we also use electronic medical records to store and maintain patient’s demographics, insurance coverage plan, and the healthcare provider information.
Our software developers have developed expertise that allows healthcare providers to not worry about managing information on papers. They can view, update and store information via a user-friendly interface. Moreover, our medical billing services help healthcare centers to make use of EHR to the fullest to better facilitate patients. It is called the Meaningful use of the EHR and help healthcare service providers to get more reimbursements for their services.
Final Thoughts is a leading medical billing agency passionate about improving medical billing and coding with standardized and researched methods. Ourr services help healthcare providers improve their system, generate profit and increase sales revenue.
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