Hospital Billing Services
Hospital billing is a complex process since each task requires expert knowledge. Tasks like insurance verification, medical coding,charge entry, A/R & denial management can put your practice under pressure. Furthermore, data analysis & payment postings etc put extra burden & affect the revenues. Aside from that, hospital billing also presents challenges regarding payment delays, backlogs, and refunds. Medical billing experts in the USA provide services for several types of practices working in multiple domains. These may include cardiology billing, dermatology billing, discharge summary, and many more. Each one of these may have its own set of challenges. Even a small error will result in denials, delays, and partial payments. To ensure that your practice works at its best, the flow of revenue is not only vital but also a necessity.
Vo Healthcare Hospital Billing Services
Examine insurance policies carefully to identify issues like covered benefits, deductible, co-insurance, co-pays, etc.
Medical coding services with high accuracy that we ensure by letting them go through multiple expert reviews
Keep you up to date on insurance company guidelines and file claims accordingly.
An Overview of Our Hospital Billing Process
We provide an organized and definite process workflow that enables us to convey services accurately and efficiently. Take a look at the various hospital billing services available under VO Healthcare
Insurance Verification
During this process, we determine whether a patient is eligible for insurance coverage benefits. Furthermore, we check whether a referral or preauthorization is necessary. We calculate all deductibles and co-payments a patient may need to pay after verifying their eligibility.
Medical Coding Tasks
VO Healthcare medical coders go over all documentation and files about the services rendered. We use transcripts of doctors’ appointments, diagnostic tests, imaging results, and other sources to verify the services rendered. Furthermore, we assign billing codes once the verification process is complete and after reviewing all the Medical records.
Charge entry tasks
Charge entry team enters the demographics to create a patient record after reviewing and verifying all the details from reports and Insurance cards. Also, we gather all the other needed information from the forms filled out during registration. Then charges entered on a bill or claim associated with that patient’s account.
Payment Posting
We make sure to include every detail related to the payment in the system by carefully going through the scanned EOBs (Explanation of Benefits). Also check and post the other payment methods like, self pay, check or credit card payments. Following this, our professionals update the data in the patient’s account.
Denial Management
Charge entry team enters the demographics to create a patient record after reviewing and verifying all the details from reports and Insurance cards. Also, we gather all the other needed information from the forms filled out during registration. Then charges entered on a bill or claim associated with that patient’s account.
Account Receivable / Follow-Up
We make sure to include every detail related to the payment in the system by carefully going through the scanned EOBs (Explanation of Benefits). Also check and post the other payment methods like, self pay, check or credit card payments. Following this, our professionals update the data in the patient’s account.
VO Healthcare: A Team You Can Always Rely On
In a team sport, every player plays a specific role, and each member’s contribution is vital; similarly, medical billing also requires teamwork. A successful company puts the right people in the right spot and trains them on the latest changes and standards. VO Healthcare does it better than anyone else. It not only covers all the aspects of billing services but also becomes your partner to help you achieve your overall business goals.