Personal Injury Billing Services
Are you facing issues like coding errors, billing disputes, and inaccurate claims submissions in your personal injury practice? Are these challenges leading to claims delays or denials? Look no further! Our HIPAA-compliant personal injury billing services comply with various billing regulations, reduce errors, and ensure timely reimbursements for your practice.
Years of Experience
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Experienced Professionals
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How We Streamline Personal Injury Billing for Your Practice
Our professionals are specialized coders and billers certified by the American Medical Association (AMA) and the American Academy of Professional Coders (AAPC). They bank on well-defined processes and latest personal injury-specific billing software to streamline billing processes. As a specialized personal injury billing service provider, we offer end-to-end billing services from insurance verification to billing; electronic claims submission to payment posting and follow-up. Here is how we streamline your billing process:
- Use personal injury-specific billing software integrated with EDI, EHR, and EMR to streamline billing with real-time patient data and comply with fee schedules, billing guidelines, and submission requirements of payers.
- Collate patient information (demographics, medical history, accident reports) and insurance provider information (name, address, pre-authorization requirements, effective dates, expiration dates, coverage details) and validate them to ensure accurate billing for claims submission.
- Determine any pre-authorization needs for services. Submit the documentation stating the medical necessity of procedures to get approval from insurance payers.
- Assign the correct ICD-10-CM codes, HCPCS Level II codes, and CPT ranges such as E/M codes (99201–99499), Diagnostic Services (70010–79999, Treatment Services (20000–29999), modifiers and revenue codes.
- Expertise in several billing models for personal injury procedures, such as fee-for-service, value-based payment, capitation, global billing, and more.
- Submit clean claims to insurance providers such as government programs (Medicare, Medicaid), private health insurance companies (Aetna, Anthem, Humana), Workers' Compensation Insurance, Veterans Affairs (VA) Insurance, and Health Maintenance Organizations (HMOs), among others.
- Reconcile claims against Explanation of Benefits (EOB) from payers and identify reasons for claims denials or rejections. Resolve the claims disputes and initiate the appeal process for maximum reimbursement.
- Analyze EOBs to clarify patients’ out-of-pocket expenses (copayments, deductibles, and coinsurance).
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During your consultation, some of the issues we can discuss are:
- Your current personal injury billing process and underlying challenges.
- Best practices in place to manage personal injury insurance claims denials and ensure timely payment.
- How we comply with various personal injury billing and coding regulations.
- Our success stories in streamlining medical billing for our clients
Why Choose Invensis as your Personal Injury Billing Company?
We are an established personal injury billing service provider with experience in delivering billing services for over 25 years. We have delivered our services to physical therapy centers, pain management clinics, rehabilitation centers, sports medicine clinics, and specialized treatment providers (car accidents, medical malpractice, slip and fall accidents, workplace accidents). Our services are offered through a team of certified coding professionals (CPC, CCA, CCS), certified billing professionals (CPB), certified reimbursement specialists (CMRS), certified auditors (CPMA, CCA-A), and others. Together, we have achieved up to a 98% clean claims rate, reduced accounts receivable (A/R) days to 45 days, maintained denials below 8%, and an estimated 95% net collection rate.
Benefits of Outsourcing Personal Injury Billing
- Access to Technology: Managing personal injury billing is a complex and time-consuming process when done manually. To ensure timely and accurate reimbursement, healthcare practices outsource personal injury billing services to experts.
At Invensis, we offer access to the latest technology and billing software solutions to healthcare providers. Our experts manage billing and coding tasks effectively, utilizing electronic health records, practice management software, and others to enhance accuracy, reduce turnaround time and streamline the overall billing process. - Improved Cash Flow: Billing personal injury requires both significant time and resources. To get away with these two major challenges, healthcare practices prefer outsourcing their billing services for personal injury.
Invensis, as a leading personal injury billing service providing company, helps healthcare providers accelerate their reimbursement process, minimize payment delays and enhance cash flow. We use industry best practices to diligently manage billing and collection processes and ensure clean claim submissions to help practices improve their financial performance. - Increased Focus on Core Competencies: Personal injury billing can be a tedious process for healthcare providers. It requires significant attention to detail and distraction from core competencies. To enhance their focus on patient outcomes and other core competencies, healthcare practices outsource their billing services to expert firms.
At Invensis, we help healthcare providers to shift their focus on patient care. Our experts manage their billing and collection process and ensure accurate and clean claim submissions. By partnering with Invensis, healthcare practices can improve their operational efficiency and patient outcomes. - Increased Efficiency: The personal injury billing process involves several complexities. This often leads to administrative burdens and decreased productivity. Healthcare providers undergo a tough time to streamline their billing process and increase efficiency.
Outsourcing personal injury billing services to Invensis help healthcare practices to access a team of experienced billers who utilize the latest technology to overcome complexities. They ensure prompt and accurate claims, reduce overhead costs, improve revenue cycle management, and increase efficiency.
Trends in Personal Injury Billing
- Rising Uses of Automation: Many personal injury billing companies are incorporating automation and AI technology into their billing processes. This includes automated time and expense tracking, invoice generation, and payment processing, which improves efficiency and accuracy while reducing costs. At Invensis, we help healthcare practices leverage technology and automation to increase billing accuracy and improve patient satisfaction.
- Demand for Data Analytics: Personal injury billing and collection services are increasingly utilizing data analytics to identify areas for improvement in their billing processes and financial performance. This includes generating detailed reports on billing trends, expenses, and revenue, which can help law firms make data-driven decisions. Invensis, as a leading personal injury billing service provider, helps practices to analyze data and identify trends and patterns using the latest data analytics tools. It helps them make informed decisions and optimize their billing processes for better efficiency and revenue.
- More Focus on Compliance Management: With increased regulatory scrutiny on personal injury billing practices, many billing services are focusing on compliance management. It helps them to ensure that they are following all legal and ethical requirements. This includes providing training to staff on compliance issues, implementing policies and procedures to ensure compliance, and regularly reviewing billing practices for compliance issues. We at Invensis, as leading personal injury billing services increasingly adopting different compliance management programs and tools to help practices stay compliant with the latest regulations.
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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