CollaborateMD Billing Services
CollaborateMD is a prominent cloud-based medical billing and practice management system offering diverse features for healthcare billing. We use these features to streamline and connect every complicated front and back office billing workflow, strengthening your revenue cycle management process. With our expertise, we ensure seamless integration, accurate coding, and efficient workflows, empowering healthcare providers to focus on delivering exceptional patient care while maximizing revenue.
Years of Experience
Industry Verticals
Experienced Professionals
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How Do We Simplify CollaborateMD Billing for Your Practice
We help you streamline the billing tasks through the following:
- Integrate CollaborateMD with your existing EHR/EMR for a unified billing experience with real-time medical data.
- Verify patient eligibility and insurance benefits coverage before scheduling appointments to reduce claims rejections and delays.
- Check the available slots of healthcare providers and schedule appointments for patients to reduce no-show rates and cancellations.
- Capture charges for medical services rendered with the right billing codes, such as CPT codes, ICD-10 codes, HCPCS Level II codes, modifier codes, etc.
- Ensure compliance with various medical billing regulations such as HIPAA, GDPR, etc.
- Use the tool’s code-scrubbing engine to detect errors or inconsistencies in claims and resolve them before submitting them to the clearinghouse.
- Submit electronic claims to the payers, including government programs (Medicare, Medicaid), Workers’ Compensation, VA, corporate insurance (UnitedHealth Group, Anthem, Aetna), etc.
- Post payments from the payers in multiple types in the correct patient account and reconcile them with the charges captured.
- Receive EOBs from payers, verify covered charges, and resolve issues, if any. Initiate the appeals process to get maximum reimbursement for the services rendered.
- Calculate the patient payment responsibilities such as copays, deductibles, coinsurance, etc. and notify them to avoid unpaid bills.
- Generate comprehensive financial reports on claims statuses, approved claims, billing performance, etc., to make informed decisions.
Our Comprehensive CollaborateMD Billing Services
- Patient Demographic Entry
- Insurance Verification
- Charge Entry
- Medical Coding
- Claims Submission
- Electronic Payment Posting
- Denial Management
- Accounts Receivable Follow-up
- Patient Collections and Statements
- Reporting and Analytics
- Compliance and Regulatory Updates
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- How we use the CollaborateMD tool to improve billing accuracy.
- How our services leverage CollaborateMD to comply with medical billing regulations such as HIPAA.
- What makes our CollaborateMD billing experts the best.
- How our CollaborateMD based reports help you in tracking billing performance.
Invensis - The Most Trusted CollaborateMD Billing Services Company
We have years of experience working with the CollaborateMD to assist healthcare practices of several types. We use its user-friendly platform to manage the revenue cycle end to end. Our experts bank on the tool’s features to optimize clinical and financial workflows to improve billing performance and successful claims submissions. As a result, our CollaborateMD billing services ensure streamlined revenue cycles, maximize billing efficiency, minimize claims denials, and enhance overall financial performance for healthcare practices.
- Cost Efficiency: Outsourcing CollaborateMD billing services reduces overhead costs, such as salaries and infrastructure, offering a more cost-effective solution for healthcare providers.
- Expertise Access: Leveraging outsourced services grants access to specialized skills and experience in CollaborateMD billing, ensuring accurate and efficient processes.
- Focus on Core Activities: By outsourcing CollaborateMD medical billing services, healthcare providers can redirect their focus on core patient care activities, enhancing overall service quality and patient satisfaction.
- Scalability: Outsourcing allows for flexible scaling of billing operations according to demand fluctuations, ensuring optimal resource allocation without the hassle of recruitment or downsizing.
- Compliance Assurance: Expert outsourcing providers stay updated with regulatory changes, ensuring compliance with industry standards and mitigating risks associated with billing errors or non-compliance.
- Technology Integration: Outsourcing CollaborateMD billing services often includes access to advanced billing software and technologies, streamlining processes, and improving billing accuracy and efficiency.
- AI Integration: CollaborateMD billing incorporates AI for smarter claim processing, reducing errors and optimizing revenue cycles, enhancing efficiency for medical practices.
- Mobile Accessibility: Its mobile-friendly interface facilitates on-the-go billing management, empowering providers to handle tasks conveniently from any location ensuring seamless workflow.
- Compliance Focus: With evolving healthcare regulations, CollaborateMD billing emphasizes compliance features, keeping practices updated and reducing risks of penalties or audits, ensuring financial security.
- Interoperability Enhancements: Seamless integration with EMR/EHR systems streamlines data exchange, fostering interoperability between platforms and promoting better coordination and communication within healthcare networks.
- Predictive Analytics: Leveraging data analytics, CollaborateMD billing offers predictive insights into revenue trends, helping practices anticipate future financial scenarios and make informed decisions for sustainable growth.
- Customization Capabilities: Tailored to diverse practice needs, CollaborateMD billing provides customizable solutions, adapting to specific workflows and preferences, ensuring a personalized experience for every user, enhancing satisfaction and productivity.
What Our Customers Say
Invensis has been a great partner providing quality medical coding and billing services. The team is extremely responsive to every query we pose, and the turn-around time for deliverables is always as committed.
Invensis has been our revenue cycle management healthcare outsourcing partner for the past 5 years. They have always delivered on their commitments, whether it is meeting our Service Level Agreement (SLA) or improving our billing process.
We have been working with Invensis for the past two years, and they have helped us overcome many revenue cycle management challenges. The team often walks the extra mile to ensure that our needs are met.
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