Efficient billing is essential to keep medical practices running smoothly and profitably. At Mark Med Center, we provide comprehensive physician billing services for over 50 medical specialties. Whether you manage a small clinic or a large healthcare group, our expert solutions are tailored to help you achieve your revenue goals with precision and efficiency.
Key Performance Metrics
Our services are designed to deliver measurable results. Here are the key performance indicators (KPIs) that reflect the success of our physician billing management:
Collection Growth: Increased collections from $0.7M to $1M.
Revenue Boost: Improved revenue by 30%.
Review Period: Proven success within a 3-month period.
Comprehensive Billing Process
We manage all aspects of your billing operations, ensuring a seamless administrative process:
Medical Coding and Documentation: Ensures accurate and compliant coding.
Claims Submission: Timely and precise submission of claims to payers.
Payment Posting: Efficient reconciliation of payments.
Claims Denial Management: Identification and resolution of claim denials.
Payment Reconciliation: Transparent tracking of all transactions.
Benefits of Outsourcing Physician Billing Services
Outsourcing your billing to Mark Med Center brings numerous benefits:
50% Reduction in Overhead Costs: Eliminate the need for an in-house billing team.
HIPAA Compliance: Full adherence to regulatory standards to avoid errors and penalties.
Faster Payments: Claims are submitted electronically within 72 hours, ensuring timely reimbursements.
Accurate Coding for Maximum Reimbursements
Our team of experts ensures precise ICD-10, CPT, and HCPCS coding to minimize claim denials and maximize revenue.
Reviewing patient charts to identify diagnoses, procedures, and services.
Verifying codes for compliance with regulatory standards.
Using advanced coding software for accuracy and efficiency.
Effective Denial and Rejection Management
Claim denials are inevitable, but our experienced team ensures they are resolved swiftly.
Identifying patterns and root causes of denials.
Creating compelling appeal letters with proper documentation.
Engaging with payers to reprocess denied claims.
Reducing the volume of denied claims through preventive measures.
Old Accounts Receivable (AR) Recovery
Recovering overdue accounts, including those over 120 days old, is one of our specialties. Our AR recovery strategies reduce outstanding balances by up to 30%, improving your practice’s cash flow and allowing you to focus on patient care.
Optimizing MIPS Scores
The Medicare MIPS program (Merit-Based Incentive Payment System) evaluates performance across key categories, including quality, cost, and interoperability. We ensure your practice exceeds the 75% quality reporting target, maximizing your reimbursements.
Provider Credentialing Services
Credentialing is a critical process that ensures your providers are authorized to deliver care. We manage every aspect of credentialing, including document verification, background checks, and licensing status confirmation, to keep your practice compliant and efficient.
Nationwide Expertise
Our physician billing services cater to healthcare providers in all 50 states. We adjust billing processes to meet state-specific regulations and optimize reimbursement, even for complex areas like telehealth services and Medicaid expansion plans.
Additional Services
We offer a wide range of supplementary services to support your practice:
Revenue Cycle Management (RCM)
Patient Billing and Statements
Pre-Authorization and Eligibility Verification
Financial Analysis and Reporting
EMR/EHR Integration
Why Choose Mark Med Center for Physician Billing?
Expertise Across Specialties: Proven success in handling diverse medical fields.
Transparent Reporting: Detailed metrics to track financial performance.
Technology-Driven Solutions: Advanced software for coding, billing, and claim management.
Scalable Services: Customizable solutions for practices of all sizes.
Dedicated Support: Reliable customer service to address all your needs.
Let’s Streamline Your Practice Management
Partner with Mark Med Center to experience cleaner claims, fewer denials, and increased revenue. Schedule a free demo today and see how our solutions can transform your practice.
Call Us at 1-800-640-6409 or Fill Out Our Contact Form to Get Started!
