Billing & Collections
Primary Billing
Electronic medical claim submissions allow for the most accurate and efficient reimbursement rates. Infinite Medical Billing optimizes electronic submissions to 94%, which in turn allows for faster payment. Our EDI system screens each claim at every stage of submission to ensure proper payment. We also generate submission reports that ensure receipt and correct processing of claims. In the event that the insurance company does not accept electronic submissions, paper claims are sent instead. This makes collections much more manageable for all our clients.
Denial Assessment
There are many potential reasons a claim may deny. This ranges from incorrect demographic information to claims that are sent to the wrong insurance in error. In some cases, insurance companies process claims incorrectly or deny for incorrect reasons. Furthermore, due to the tedious nature of claim submissions, mistakes do happen. Infinite Medical Billing pursues all available methods for appealing claims to correct them to get payment as quickly as possible. Denial assessment includes individually billed codes on every claim. We assist our providers with accurate coding of claims to minimize denials.
Secondary Billing
Some patients may have multiple or secondary policies. If automatic crossover is not available for an insurance carrier, we forward secondary claims for processing where applicable. Market research suggests that nearly 16% of physician revenue goes uncollected due to lack of followup on secondary claims.
Claim Appeals
As a result of the consistency and accuracy of claims Infinite Medical Billing submits, our appeals process is significantly more efficient than most. We guide every appeal through the necessary processing channels to have them correctly paid. With traditional systems, many of these claims are given up on and written off by the physicians. We actively pursue all claim payments to raise the bottom line for our doctor’s practices.
Code Optimization
The sum of out extensive knowledge in medical billing and our clearinghouse, Infinite Medical Billing’s system enhances the accuracy of ICD-10, CPT, and HCPCS codes we submit. This minimizes the likelihood of claim rejections and maximizes the rate of appropriate payment. The screening system we have developed ensures that we submit all claims are accurately and quickly receipt of funds.
Claim Status Reporting
Infinite Medical Billing keeps a record of every claim at every stage of its processing. Additionally, we are able to obtain most records of claim payments electronically from all insurances that provide them. We keep accurate stage by stage notes on every claim submitted until receipt and posting of payment. This includes notes on appeal statuses and all additional requested information.
Features
Submissions To Over 5,000 Payers
ICD-9 To ICD-10 Auto-conversion
Diagnosis And Procedure Code Optimization
Electronic Remittance Advice (ERA/EOB) Whenever Possible
Real-time Claim Status
1st, 2nd, and 3rd Stage Claims Reporting
Outstanding Claims Reporting
Secondary Claim Submissions
Auto-correction And
Appeals Services
Patient Billing
The billing and collections specialists at Infinite Medical Billing would be more than happy to evaluate your needs and devise an efficient custom made system tailored for your practice. Contact us today for more information.