Medical Billing Process

MTBC’s medical billing service brings efficiency and transparency to your medical billing. By using MTBC, you can finally free your practice from the tedious billing and remittance tasks to focus on patient care. MTBC’s medical billing process allows your practice to eliminate nearly all charge entry, patient demographic updates, as well as payment posting.
MTBC’s medical billing service provides you unprecedented oversight and analysis of your practice’s outstanding balance. With MTBC’s online practice management system you have real-time updates of all unpaid patient and payer balances. Additionally, we provide you the tools to analyze the A/R by specific insurance, patient balances, and time frame.

Traditional A/R analysis is conducted by sorting each outstanding balance into specific buckets of time: 30, 60, 90, 120, 120+ days. Although this limited scope of analysis does provide some data on the success of your billing, it does not paint the complete picture of your practices financial health.Typical billing companies only work the outstanding claims when they move through these buckets.

MTBC’s follow-up policy is set according to the payment patterns of individual insurance companies. If we know that Insurance USA usually pays a claim 12 days after submission, we follow-up on those claims on the 15th day. We build these rules into our proprietary billing software to ensure that claims do not languish with the payers and do not simply move through the 30, 60, 90 cycle without action.

medical billing service provides your practice with the most advanced financial and practice analysis reports available in the industry today. MTBC’s online reporting package replaces the unwieldy reports generated from typical billing software. From any Internet ready computer or mobile device you can analyze payments by payer, provider, location, procedure, diagnosis, or time-frame.

A/R at 60+ days a problem? Online eligibility verification? If specific areas of practice and revenue cycle management are challenging your practice, MTBC, with our robust IT department and dedicated client service teams, will tailor a specific solution for your needs. Your hospital can hire, for example, 10 medical billing executives immediately for a flat monthly rate, at a fraction of the cost of equivalent in-house employees. These experienced medical billing specialists will work remotely within your current billing platform, so there is no need for any further IT expenditures.