Optimize Payments, Focus on Care - Medical Billing Service

Patient Registration.

Gather and verify essential patient information, including demographics and insurance details, to initiate the billing process accurately.

Insurance Verification

Confirm patient insurance coverage and ensure the validity of information to facilitate smooth claim processing and reimbursement.

Medical Coding.

ranslate medical procedures, diagnoses, and services into standardized codes (ICD-10, CPT) for accurate billing and compliance with healthcare regulations.

Charge Entry.

Input charges for medical services rendered, ensuring proper documentation and alignment with provided treatments and procedures.

Claim Submission.

Prepare and submit insurance claims electronically or via paper, adhering to strict timelines and requirements to expedite reimbursement.

Payment Posting.

Record and reconcile payments received from insurance companies and patients, updating patient accounts accurately to reflect financial transactions..

AR Management.

Monitor and manage outstanding claims, follow up on unpaid invoices, and address claim denials promptly to optimize revenue flow.

Patient Billing.

Generate and distribute patient statements, communicate billing inquiries, and provide transparent explanations of charges to enhance patient understanding and satisfaction.

Collections.

Implement strategies to recover overdue payments, manage debt effectively, and maintain financial stability while preserving positive patient relationships.

Frequently Asked Questions

We believe in making life-long connections through great communication.

Find out more

What is medical billing?

Medical billing is the process of submitting and following up on claims with health insurance companies to receive payment for services provided by healthcare providers. It involves translating medical procedures, diagnoses, and treatments into billing codes and submitting claims to insurance companies for reimbursement.

Why is medical billing important?

Medical billing is crucial for healthcare providers as it ensures they receive timely and accurate payment for the services they provide to patients. Effective billing processes help maintain financial stability, streamline revenue flow, and support the overall functioning of healthcare practices.

What are the common challenges in medical billing?

Common challenges in medical billing include navigating complex insurance policies and regulations, ensuring accurate coding to avoid claim denials, managing claim rejections and appeals, dealing with overdue payments, and staying updated with evolving healthcare guidelines and coding standards.

How can medical billing services help healthcare providers?

Medical billing services offer expertise in navigating the intricacies of medical billing, including accurate coding, claim submission, and follow-up. By outsourcing billing tasks to professionals, healthcare providers can save time, minimize errors, reduce claim denials, optimize revenue, and focus more on patient care.

What should healthcare providers consider when choosing a medical billing service?

Healthcare providers should consider factors such as the billing service's experience and expertise in their specific medical specialty, their track record of success in claim reimbursement and denial management, their compliance with healthcare regulations, the level of transparency and communication provided, and the cost-effectiveness of their services. Additionally, compatibility with the provider's existing systems and workflows is essential for seamless integration.

Medical Billing Services - Save Time & Increase Revenue.

Optimize Payments, Focus on Care - Medical Billing Service

Patient Registration.

Gather and verify essential patient information, including demographics and insurance details, to initiate the billing process accurately.

Insurance Verification

Confirm patient insurance coverage and ensure the validity of information to facilitate smooth claim processing and reimbursement.

Medical Coding.

ranslate medical procedures, diagnoses, and services into standardized codes (ICD-10, CPT) for accurate billing and compliance with healthcare regulations.

Charge Entry.

Input charges for medical services rendered, ensuring proper documentation and alignment with provided treatments and procedures.

Claim Submission.

Prepare and submit insurance claims electronically or via paper, adhering to strict timelines and requirements to expedite reimbursement.

Payment Posting.

Record and reconcile payments received from insurance companies and patients, updating patient accounts accurately to reflect financial transactions..

AR Management.

Monitor and manage outstanding claims, follow up on unpaid invoices, and address claim denials promptly to optimize revenue flow.

Patient Billing.

Generate and distribute patient statements, communicate billing inquiries, and provide transparent explanations of charges to enhance patient understanding and satisfaction.

Collections.

Implement strategies to recover overdue payments, manage debt effectively, and maintain financial stability while preserving positive patient relationships.

Syndeo educated and processed benefit enrollment elections for over 1800 newly eligible worksite employees in 2022.

With Syndeo, you can expect:

Patient Registration

Insurance Verification

Medical Coding

Claim Submission

Payment Posting

AR Management

Patient Billing

Collections

Reporting and Analytics

Compliance Management

What our clients say...

Frequently Asked Questions

What is medical billing?

Why is medical billing important?

What are the common challenges in medical billing?

How can medical billing services help healthcare providers?

What should healthcare providers consider when choosing a medical billing service?

Your premier VMA partner