The NEO MD has emerged as one of the top Medical Billing companies in Indiana as a result of its distinctive and comprehensive Medical Billing services. Our Medical Billing Services assist physicians/providers make their operations more profitable by boosting the patient count, which subsequently raises incoming payments. Our billing and coding services are flexible whether you manage an urgent care facility, a specialty practice, or primary care.
Patients now have more financial responsibility as a result of increasing consumerism. The development of high-deductible health plans (HDHPs) is a clear indication of this pattern. As a result, it’s critical to establish coverage and comprehend the patient’s upfront payment obligations.
NEO MD Helps Your Practice Meet Indiana Patients’ Needs
In Indiana, a significant number of families and young adults require both general and specialist medical care. Because almost a quarter of Indiana’s population is under the age of 18, pediatrics is a critical concern in our state.
The regulations and standards for compensation for medical services, for both private insurance and public payers, differ from state to state. NEO MD’s team is highly knowledgeable and always up to date on state-by-state requirements. To assist you in efficiently operating your practice, we, as a top provider of Medical Billing companies in Indiana, concentrate on the specifics of billing, coding, compliance, and more.
Indiana’s top medical coding services
Correctly submitted claims result in faster payouts and fewer claim denials. Even minor mistakes in medical coding result in claim denial. As a result, you must resubmit the claim, which takes time and results in payment delays. Our Indiana medical coding services can assist you in improving the financial performance of medical operations. We have over 15 years of billing expertise, making us one of the top Medical Billing companies in Indiana.
Pre-Authorization & Accurate Eligibility Verification Services in Indiana
Pre-Authorization and the verification of insurance eligibility are the two most important steps in the medical billing process. The patient’s insurance should be known to the healthcare professional. For example, to determine if the patient is eligible for the services you are offering. Providing patients with treatments that aren’t covered by insurance leads to payment delays and claim denials. NEOMDINC. provides eligibility verification and pre-authorization services in Indiana in order to boost practice revenue. Additionally, it saves you time and raises patient satisfaction. We strongly advise you to check at NEO MD insights if you’re considering outsourcing your prior authorizations to revenue cycle management with knowledgeable prior authorization specialists.
The Information Required to Confirm Benefits and Patient Eligibility
The upfront collection of patient data is an essential component of front-office responsibilities since it enables insurance verifiers to verify benefits. When confirming the eligibility and benefits of the patients, medical billing companies in Indiana gathered the following information.
-
which kind of Information that Insurance Companies Needed the most
- name of the subscriber
- name of the subscriber
- Relationship between the subscriber and the patient
- Patient’s date of birth
- Patient gender
- Patient member number
- Group name and number
- Plan type
- Coverage date (policy effective date)
-
what are the Elements of Insurance Verification?
- Deductibles
- Co-pays
- Co-insurances
- Payable benefits
- Patient policy status
- Effective date
- Type of plan and coverage details
- Plan exclusions
- Claims mailing address
- Referrals & pre-authorizations
- lifetime maximum, and more
Healthcare facilities must train their personnel on insurance verifications. Rapid processing reduces the cash flow cycle and decreases the risk of denials.
NEO MD denial management services in Indiana
Managing claim denials is a crucial part of the revenue cycle. Additionally, it aids in preventing losses that might hurt your financial cycle. Our experts focus on preventing rejections by identifying their root causes and developing preventive measures. Speak with our RCM professionals if you operate a practice in Indiana and are concerned about claim denials for efficient claim denial management. As a consequence, you might improve the productivity and profitability of your practice by streamlining its operations. We are one of the top medical billing companies in Indiana for denial management, so get in touch with us to improve your financial results.
Account receivable services (Medical Billing Companies in Indiana)
The accounts receivables process speeds up bill processing, improves collection rates, and ensures that medical practices get payments within a certain time frame, all of which boost income.
The Neo MD accounts receivable program fixes the issues that prevent individual providers from successfully collecting their debts. NEO MD Medical Billing has engaged a whole group of Indiana-based AR Executives to keep an eye on these accounts. As a collector, we only work with licensed experts to handle Medical Billing processes.
Medical Billing Audits Services in Indiana
Can you identify the reasons for the reductions in revenue? Are your medical billing and coding accurate? Where does your revenue have a gap? Have you ever submitted a claim twice? How much money can you make by resubmitting the denied claims? Take full advantage of our medical billing audit services in Indiana to learn the solutions to all of these concerns and boost revenue.
Credentialing Services in Indiana
The process of establishing the relationship between the practice and the insurance payer begins with credentialing. NEOMDINC can help healthcare providers sign up with as many payers as they can. The effect is that doctors can see more patients. With the assistance of our credentialing services in Indiana, you can draw in more patients and increase your revenue. You may also join insurance companies to get better payouts.
The Excellent Services Combined with Outstanding Technology
NEO MD promises to provide your Indiana practice with excellent billing services. We examine the healthcare delivery process, spot billing mistakes, submit accurate claims with precise codes and complete transparency, and get the most compensation for your services in the shortest amount of time. Modern medical billing also greatly benefits from technological advancement. Online claim processing is done using our integrated system. Errors are found using an automated rule-based scrubber. Depending on the situation, you may examine and reconcile the precise account condition. Insurance companies for patients may get automated reminders for appointments and payments. Additionally, we produce regular medical and financial reports to evaluate practice progress, making us the exclusive outsourced provider among other Medical Billing companies in Indiana.
What Makes NEO MD the Best Medical Billing Services Company?
Neo MD stood best among competitors Revenue Cycle Management companies in Indiana due to the following cores;
- Our experts work hard to reduce your front-end denials by 20%
- Offer Provider & Staff Productivity Analysis
- First level of Claim acceptance rate 95-98%
- Identify potential under, over, and incorrect coding scenarios
- Improve RCM system efficiency with a robust credentialing team
- Provide fortnightly financial and practice overviews
- Refunds adjustment and Payment posting to improve the cash flow
- Offer internal Medical Billing audits to uncover loopholes
- Provide Medical Billing and collection services that are of high quality and error-free
- Evolving state-of-the-art Medical Billing Services for Small Practices
- Deliver customized Revenue Cycle Management Services to unearth operation shortcomings
- Network Negotiations
- We have consistently increased the collection rate for our clients because of the faster increase in the accuracy of fees and collection
Let’s Schedule a Demo to learn more about how we can improve your medical practice management. Get us at! (info@neomdinc.com) or (929) 502-3636).
If you want to reduce claim denials and boost revenue, NEO MD is one of the medical billing companies in Indiana in terms of providing effective billing services.
