Claims Submission Management
The submission of insurance claims is the first essential step in the process of medical billing.
The claim submission process involves the healthcare provider submitting the claim to the insurance payer for reimbursement.
Since it is a pivotal move in medical billing, as recently expressed, it requires investment to accurately complete.
Therefore, the insurance claim must be clean, as indicated by the payer’s requirements, and submitted timely.
Claims process quicker if done precisely, and healthcare providers receive their payments in time.
Failing to do so may result in claim denials, rejections, late payments, or lost revenues.
Accounts Receivable Management
In medical billing, the process of recovering payments that the insurance companies owe the providers for the services they received is known as accounts receivable.
The insurance payers are allowed up to 30 days to process or pay your claims, however receipt of payment doesn’t stop there.
One of our essential target of our account receivable administration is to limit the quantity of days expected to get repayments of denied claims.
Reconciliation of account receivable also consists of various strategies that our business can offer you.
Payment Posting Management
Payment posting is one of the key elements of the healthcare revenue cycle process.
Accepting electronic payments from Insurance companies are a faster way of receiving revenue.
Precise payment posting can eliminate delay in denied claims for services rendered by the provider.
Insurance payments are posted against outstanding claims either by the billing system or manually.
Verification of payment against contracted fee schedule can identify which payer is or alternately isn’t paying accurately.
TruMediclaims - Medical Billing Business 