Outsourced Medical Billing Services

At MyAccountingSource.com we believe that the whole Medical Billing process revolves around having efficient staff who understand that the most important thing about billing and collections is information. Proper information gathering is integral to a smooth billing cycle.  In addition to Medical billing we also offer general office Bookkeeping & Accounting. These two functions are considered the key to any successful practice.  Our range of billing services includes: Charge Management  Audits Cash Application  Patient Billing General Office Accounting & Bookkeeping

Our process normally follows this flow:

• A new patient or an existing patient contacts the office. The front desk then collects all insurance information (by phone, fax or in person, if the patient is a walk in). This information is then verified and authorized by you relative to the type of care the patient is seeking. If it is a referral, a special pre-authorization may need to be obtained from the respective primary care physician.
• On an initial visit; after the front desk collects all the information, verified insurance information it is then transferred to India (by fax, scan, e-mail or by accessing the database at the client site). This information is then entered into your billing system for billing purposes by our team through remote access. The data ALWAYS stays securely on your systems
• Once the proceedure is complete, we handle all Charge Entry and Charge Posting. We provide support for your software and are well-versed with most billing systems. We are able to provide support for UB 92, HCFA and so on.
• Our Charge Team, is staffed by competent individuals who first review the patient personal information, then check for the relationship of the Diagnosis code and CPT you have provided. Then they create a charge, according to the billing rules pertaining to the specific carriers and locations. All charges are accomplished within the agreed turn around time with the client, which is generally 24 hours.  
• The daily charge entry is then audited to double checked for accuracy, in other words, this is the check and balance to make certain the billing rule is being followed accurately. Also this department verifies the accuracy of the claims based on carrier requirements to be sure we have a clean claim.  
• Claims are then ready for you to process through paper or through electronic media. Once claims are transmitted electronically, and confirmation reports are obtained, we take care of filing these in your electronic system after all verification processes are complete.
• The Cash Applications team receives the cash files (Check copy & EOB) and applies the payments in the billing software against the appropriate patient account. During cash application, overpayments are immediately identified and necessary refund requests are generated for obtaining approvals. Also underpayments/denials are informed to the analysts. 
• When our analyst team requests that the patient has to be billed for a deductible or for the balance, the charge team would proceed to do so.