Medical Revenue Service by BellMedEx, generates and collects payments for the services a provider provides to their patients. It’s a complete RCM solution managing end-to-end RCM operations like patient registration, insurance verification, coding, billing, and collections. Our RCM billing company optimizes revenue cycle for better financial outcomes of the physician’s medical center.
Managing a medical practice’s finances is complex. Between evolving regulations, strict insurance policies, and patients with expectations higher than Mt. Everest – it’s a recipe for revenue leakage, cash flow disaster, and operational chaos.
Luckily, the medical revenue cycle management (RCM) experts at BellMedEx can restore your practice to full financial health. Our certified coders ensure accurate billing and coding to stop revenue leakage. Our enrollment specialists secure contracts with top commercial payers to expand your patient pool. And our billing experts work diligently to collect every dollar your practice earns.
So don’t let medical finances frustrate you. BellMedEx Medical Revenue Service has the cure for what ails your practice’s finances. Call today to experience how we align a provider’s whole revenue cycle process to maximize collections while delighting patients.
Our unique approach to medical billing is how BellMedEx RCM Service delivers measurable improvements to the revenue cycle process. The SmartClaim system we developed in-house analyzes billing codes and clinical documentation to catch issues before claim submission. This technology achieves first-time acceptance rates upwards of 98%, putting money back in our providers’ pockets faster.
BellMedEx’s medical revenue service boosts revenue cycles through expert medical coding. Our acclaimed BellCoding technology reviews medical charts and identifies high-value codes. Our coders, armed with CPC certifications, then examine each chart to find revenue escalation opportunities algorithms miss. Through this man-machine symbiosis, BellMedEx delivers an RCM solution that promises more revenue for your healthcare facility.
Our audit specialists utilize the BellMedEx Revenue Integrity process to analyze your current revenue cycle, uncovering exactly where coding and billing improvements will have the biggest impact. Our billing consultants then design targeted solutions to resolve those defects. We treat your revenue cycle as a whole and prescribe the best healthcare revenue cycle management remedies to make it stronger.
| In-House Billing | BellMedEx RCM | Results | |
|---|---|---|---|
|
Charges (on average) |
$142,000.00 |
$142,000.00 |
|
|
Gross Collection Rate (GCR) |
$60,000 (42%) |
$77,000 (54%) |
12% Increase in Gross Collection Rate |
|
Billing Costs |
$6,000 |
$4,000 |
$2,000 Decrease in monthly cost of RCM service |
| $197,000 | ≈ 30% | ||
|---|---|---|---|
|
Yearly Net Benefit (monthly gross collection * 12 months) |
Overall collection increase |
The actual results may vary depending on various factors such as the size of the facility, the number of providers, the type of services offered, the payer mix, the billing efficiency, and the market conditions.
You have nothing to lose and everything to gain with BellMedEx Medical Revenue Cycle Management features. This means our healthcare RCM service is the partner you can trust for your revenue cycle success.
Over 1500 medical practices trust BellMedEx medical billing services company. So let’s have a chat.
Providers struggle with maintaining a steady and predictable cash flow due to various factors such as bad debt and underpayments.
Our med RCM service reduces the bad debt and underpayments by ensuring accurate and timely claim submission and follow-up.
Providers face challenges in managing their accounts receivable (A/R) due to the complexity and variability of the process.
Our healthcare RCM solution provides visibility into A/R performance, such as days in A/R, A/R aging, and A/R turnover.
Providers struggle complying with multiple payers, as well as different claim types, like fee-for-service, value-based, and capitated.
Our flexible and scalable RCM platform adapts to the changing payer requirements and maximizes provider’s reimbursements.
Providers experience is a high rate of denials from payers, that give negative impact to their revenue and also to their cash flow.
Our proactive and preventive approach resolves the root causes of denials to boost denial recovery rates and revenue integrity.
Denials reduce the provider’s revenue collection and increase their workload as they have to appeal and resubmit the claims.
Our RCM experts and EHR platform automate the manual work and perform claim submission with utmost accuracy.
Patients are becoming more empowered consumers of healthcare services, so providers find it hard to ensure patient satisfaction.
Our RCM service offers a patient-centric platform to improve the patient-payer relationship via telehealth features.
Providers struggle with the increasing patient financial responsibility due to high deductible health plans (HDHPs) and self-pay patients.
Our medical billing platform automatically estimates and communicates the patient’s out-of-pocket costs before the service.
See the key metrics and trends of the revenue billing process in a comprehensive and interactive analytics dashboard. You can compare your performance with industry benchmarks and identify areas for improvement.
Communicate with our RCM experts, your patients, and the insurance payers instantly through the integrated chat system. You can ask questions, share feedback, and resolve issues in real time.
Drill down into the details of your revenue cycle with our customizable and granular reports. You can filter, sort, and export your medical billing data according to your needs and preferences.
Manage multiple facilities and locations with our RCM reporting dashboard. You can view and compare the data of different sites and groups in one place. Dedicated dashboard for each specialty.
You can rest assured that your data is safe and secure. We use the latest encryption and authentication technologies to protect your data from unauthorized access and breaches.
You can integrate your data with other systems and platforms with BellMedEx’s RCM reporting dashboard. We support various formats and standards to ensure seamless data exchange and interoperability.
For a medical practice, medical billing services handle the logistical details of getting paid by insurance companies and patients. Billers take over the coding, filing, follow-up, and payment posting for claims. They have the latest knowledge and technology to optimize the process. Healthcare providers benefit through reduced costs, improved cash flow, decreased claim denials, and the ability to focus on patients, not accounts and invoices.
Medical billing services manage every financial touchpoint after a patient visit: verifying coverage, coding procedures, filing claims, appealing denials, and depositing funds to ensure healthcare providers receive full, compliant reimbursement.
Our medical billing firm offers a range of services, such as provider enrollment, insurance verification, charge entry, claim submission, payment posting, account receivable management, denial management, appeal management, patient billing, reimbursement tracking, and collection.
Accurate claim submission is only the beginning. We take over from there, communicating with payers to shepherd each claim to resolution. Tracking status closely allows rapid response to any issues. Underpayments and denials receive dogged follow-up and appeal when justified. Years of experience equip us to overcome obstacles and ensure you receive every dollar, on time. Claims reimbursement is complex but our expertise delivers results.
Of course. BellMedEx lets providers track the caliber and results of their facility’s billing. We also share reports on daily invoicing, key markers and offer feedback for revenue cycle advancement.
At our company, we have the people and processes to provide independent, specialized medical billing services for Medicaid and Medicare patients. Every state has its own rules for filing and getting paid, and we stay on top of them. We know which forms to fill out, which codes to use, and how to get it right the first time. We watch each claim to make sure it gets paid. If there are problems, we handle appeals so you recoup all owed payments.
Claim your prize now and boost your revenue cycle.
BellMedEx is a full service medical billing company that handles every aspect of your billing process, from coding and claims to payment and follow-up. We have the expertise and methods to tackle any billing challenge, no matter the scope or specialty of your practice. With BellMedEx, you can leave behind billing worries and concentrate on patient care.
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