Medical Billing is the process of submitting health insurance claims on behalf of the patient to various health insurance payers for the purpose of acquiring payment for services rendered in a medical facility.
Medical Billers at Invensis gather several types of data to be placed on the CMS 1500 Form (physician billing) or the UB-04 Form (hospital billing).
Healthcare organizations are faced with the possibility of losing large amount of money every year due to under-pricing, coding errors, non-reimbursed claims and missed charges.
From streamlining the complex collections process to overcoming continual declines in reimbursements and satisfying HIPAA requirements, there are a number of tasks that constitute the medical billing process and lead to the successful close of a revenue generation cycle.
Why outsource Medical Billing Services?
Outsourcing to Invensis, a leading medical billing services company, will enable your healthcare business to accelerate the pace of revenue generation, reduce operational expenses and increase efficiency.
- HIPAA compliant
- ISO 27001 certified
- ISO 9001 certified
Invensis is an expert provider of outsourced HIPAA compliant Medical Billing Services. We provide end-to-end medical billing services and act as a mediator between insurance companies and hospitals or healthcare providers.
We Provide End-to-End Medical Billing Outsourcing Services for Hospitals and Medical Practices
Patient Data
The top of the CMS 1500 Form reflects the Patient Demographic Information, such as the patient’s name, address, date of birth, sex and insurance information.
Medical Data
The middle section of the CMS 1500 Form reflects the patient’s medical data, such as date of injury or illness and the diagnosis of the patient as reported by the physician. The patient’s diagnosis is reported using a code from the ICD (International Classification of Disease) Coding Book.
Services Rendered/Charge Data
The lower section of the CMS 1500 Form reflects the services rendered by the physician as well as the monetary charge associated with each service provided. The services rendered are reported using codes from the CPT (Current Procedural Terminology) Coding Book.
Highly Experienced & Certified Medical Billing Specialists
Our expert team works as an extension of your doctor's office reimbursement process.
- 24x7 availability
- Submit claims
- Follow up on unpaid claims
- Appealing improper denials with health insurance companies
Invensis provides high quality output with accuracy and eliminate the occurrence of denied insurance
Outsourced Medical Billing Tasks Handled by Our Expert Team
- Navigate through various insurance rules and regulations to reduce A/R days
- Understand the nuances of various types of insurance carriers along with their claim requirements
- Provide successful follow-up efforts for A/R including the appeals process for denied claims
- Implement best practices for insurance and patient collections while maintaining excellent public relations
- Reduce risk by understanding Fair Debt collection practices, professional courtesy regulations, clean claims and timely filing guidelines, refund requirements, and other regulations
- Use data and reports as indicators for potential improvement areas
Invensis provides high quality output with accuracy and eliminate the occurrence of denied insurance
Medical Billing is the process of submitting health insurance claims on behalf of the patient to various health insurance payers for the purpose of acquiring payment for services rendered in a medical facility.
Medical Billers at Invensis gather several types of data to be placed on the CMS 1500 Form (physician billing) or the UB-04 Form (hospital billing).
Healthcare organizations are faced with the possibility of losing large amount of money every year due to under-pricing, coding errors, non-reimbursed claims and missed charges.
From streamlining the complex collections process to overcoming continual declines in reimbursements and satisfying HIPAA requirements, there are a number of tasks that constitute the medical billing process and lead to the successful close of a revenue generation cycle.
Why outsource Medical Billing Services?
Outsourcing to Invensis, a leading medical billing services company, will enable your healthcare business to accelerate the pace of revenue generation, reduce operational expenses and increase efficiency.
- HIPAA compliant
- ISO 27001 certified
- ISO 9001 certified
Invensis is an expert provider of outsourced HIPAA compliant Medical Billing Services. We provide end-to-end medical billing services and act as a mediator between insurance companies and hospitals or healthcare providers.
We Provide End-to-End Medical Billing Outsourcing Services for Hospitals and Medical Practices
Patient Data
The top of the CMS 1500 Form reflects the Patient Demographic Information, such as the patient’s name, address, date of birth, sex and insurance information.
Medical Data
The middle section of the CMS 1500 Form reflects the patient’s medical data, such as date of injury or illness and the diagnosis of the patient as reported by the physician. The patient’s diagnosis is reported using a code from the ICD (International Classification of Disease) Coding Book.
Services Rendered/Charge Data
The lower section of the CMS 1500 Form reflects the services rendered by the physician as well as the monetary charge associated with each service provided. The services rendered are reported using codes from the CPT (Current Procedural Terminology) Coding Book.
Highly Experienced & Certified Medical Billing Specialists
Our expert team works as an extension of your doctor's office reimbursement process.
- 24x7 availability
- Submit claims
- Follow up on unpaid claims
- Appealing improper denials with health insurance companies
Invensis provides high quality output with accuracy and eliminate the occurrence of denied insurance
Outsourced Medical Billing Tasks Handled by Our Expert Team
- Navigate through various insurance rules and regulations to reduce A/R days
- Understand the nuances of various types of insurance carriers along with their claim requirements
- Provide successful follow-up efforts for A/R including the appeals process for denied claims
- Implement best practices for insurance and patient collections while maintaining excellent public relations
- Reduce risk by understanding Fair Debt collection practices, professional courtesy regulations, clean claims and timely filing guidelines, refund requirements, and other regulations
- Use data and reports as indicators for potential improvement areas
Invensis provides high quality output with accuracy and eliminate the occurrence of denied insurance
