What is medical billing?
Medical Billing is the process of overlooking a patient’s medical records and generating healthcare claims to submit to insurance companies for the purpose of obtaining payment for the services, the patient has taken.
The process of Medical Billing undergoes many steps, some of them are as follows:
- Eligibility Verification:- Eligibility verification is the process of verifying a patient’s health insurance coverage and determine what services and benefits are covered under the insurance and what is the amount of coverage available. In this process, we also verify that if a patient is having two insurances, then which of the two, is the primary one and which is secondary.
- Authorization: – In the process of authorization, the healthcare provider contacts the insurance company to ensure that the insurance company will cover the service mentioned in the claim form, before performing a medical procedure. If the insurance company will approve the authorization, then they will provide an authorization number and the provider will add the given number on the claim form and as a result the patient will not be liable to pay any amount for the medical treatment he/she is undergoing.
- AR (Account Receivables) Management: – This process refers to the outstanding payments for the services rendered. It represents the total amount of money that is yet to be collected from insurance companies or patients themselves.
So, now that we know about some basic terms of Medical Billing, let’s move ahead.
The healthcare Industry all over the world is rapidly evolving, and the demand for specialized medical billing services is also increasing and as a result, Gastroenterology practices are growing exponentially. However, managing the revenue cycle for gastro practices can be hectic and time-consuming. At this point, expert medical billing services plays an important role. These companies, ensures timely and accurate billing.
Top Gastro Revenue Cycle Management Companies
Top Gastroenterology Medical Billing and RCM Companies : Globally, several medical billing companies offers end to end revenue cycle management (RCM) services :
- INFINITI RCM
- GeBBS Healthcare Services
- Omega Healthcare
- Vee Technologies
- Access Healthcare
These companies are known for their expertise in gastroenterology billing, but INFINITI RCM stands out as a leading provider in the world of RCM Services.
INFINITI RCM
INFINITI RCM is a market leader in medical billing services and revenue cycle management services with a dedicated team of 400+ expert professionals of gastro billing team ensuring accurate claim submissions and minimized denials.
INFINITI RCM provides end to end revenue cycle management services, covering all the services from patient registration to final claim settlement.
Hence, with its high- claim acceptance rate and efficient payment-posting, INFINITI RCM is the best choice for gastroenterologists who are looking for reliable and hassle-free billing solutions and are willing to maximize their revenue. Contact them today to improve your practice’s financial health.
