The challenges facing healthcare providers are unique. Arresting revenue leakage across the chain of revenue cycle processes and maximizing reimbursements is critical to the financial success of healthcare providers and revenue cycle aggregators.
Medical Billing Wholesalers helps some of the most progressive healthcare providers, medical billing services companies and leading-edge revenue cycle software providers achieve market-leading results. With proven technology and robust revenue cycle process we are able to reduce costs by over 40% and improve collections by over 20%.
Revenue Cycle Services Portfolio
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Eligibility Verification & Prior Authorization Services
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Patient Demographics Entry
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Medical Coding And Audit
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Charge Entry
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Claims Submission- Work Edits And Rejection
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Payment Posting Services
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Accounts Receivable Follow-Up
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Denial Management Services
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Credit Balance Services
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Patient Statement Generation
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Revenue Cycle Analytics
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Provider Enrollment & Credentialing
OUR END-TO-END MEDICAL BILLING SERVICES PORTFOLIO DRIVES DOWN YOUR COSTS, REDUCES RE-WORK, IMPROVES PRODUCTIVITY AND REVENUE CYCLE OUTCOMES DRAMATICALLY.
Let us prove why MBW is far more thorough and far more efficient at slashing your medical billing costs.
Eligibility and Benefits Verification
Minimize delays and denials. Getting claims accepted on the first submission.
This is the bottleneck for most medical billing companies. Confirming eligibility and verifying benefits consumes a massive amount of time. And if done wrong, the patients lose… your client loses and you lose. While most claims today are denied or delayed, MBW has an incredible track record in approvals! Our proven eligibility and verification process maximizes reimbursement.
Patient Registration Services
Improve speed to care delivery. Get accurate and timely registrations done.
The success of the medical office relies heavily on the performance of the patient access team. Diligent capture of patient data and conditions is critical towards scheduling the patient visit timely and helps in improving billing and collections processes.
Medical Coding and Audit
Reduce regulatory risk while maximizing revenues.
Today’s medical communities must comply with a complex regulatory environment. Plus, you must comply with aggressive federal and state audit initiatives. Rather than trudge through this dangerous jungle alone, our team of medical coders ensures that your medical coding is flawless. The results: faster payments and fewer denials.
Charge Entry
Maximum efficiency with minimum downtime.
With MBW’s proven Charge Entry service, we handle one of your most time-consuming and costliest priorities. We take your documented services, match them to registration data and turn it into billable fees. All with near-flawless results.
Electronic and Paper Claims Submission
Eliminate errors while exponentially increasing efficiencies.
According to the AMA, electronic claims processing can reduce the cost of submitting claims from 14% of total revenue to just 1%! MBW thrives in using electronic submissions for quicker payments and happier patients. All while saving you the added staff and office space. However, if you wish to use paper claim submissions, MBW has the right team in place — professional, fast and error-free!
Rejection Management
We turn rejections into dollars.
Rejections happen in medical claims. While most medical billing companies have a haphazard approach to resolving these rejections, MBW has a proven approach that gets results. We’ve proven for countless customers that we can collect the dollars due to you for medical services rendered.
Payment Posting
Optimize your revenue cycle with fast and accurate payment posting.
Once payments are posted to patient accounts, any denials can be addressed. Medial Billing Wholesalers streamlines the payment posting operation to ensure maximum efficiencies at every step.
Denial Management/ Accounts Receivable Follow Up
(Insurance and Self-Pay)
Higher claims resolution rates mean more revenue to your bottom line.
Have you heard the saying, “The money is in the follow-up!” In medical billing, that’s true. However, without the right Accounts Receivable (AR) team and system in place, you are simply spinning your wheels. We have a proven denial management process. It combines following up with sound strategies and working with clients to ensure corrective measures are taken to reduce denials. Our A/R professionals know the secrets to maximize collections for your business — from both insurance companies and self-pay.
Correspondence and Appeals
Maximize revenue and profits by turnings “No’s” into “Yes’s”.
Stop losing up to 24% in uncollected revenue. A recent study showed that approximately 70% of denied claims are recoverable. Yet only about 50% of those are resubmitted. Our correspondence and appeals process is second to none. Because we repeatedly follow up, we continuously recover revenue for you.
Patient Statement Generation
Receive professional patient statements at your convenience.
Let us take the paperwork off your plate. Rather than hunting for that patient statement… rather than making sure it’s accurate and formatted correctly… let MBW handle it for you.
Quality Control
Become more efficient, productive and eliminate wasted expense.
The Wall Street Journal reports that over 40% of all medical bills have errors. 40 PERCENT! It’s also the number one reason patients don’t pay their bills on time… or ever. MBW employs the right training, the right processes and the right people to ensure minimal errors and maximum quality control. Watch your payment delays and bad debt numbers DROP as your revenue JUMPS.
Revenue Cycle Reporting
Our comprehensive revenue cycle reporting accommodates your unique needs.
Far too many medical billing companies must confine to out-of-the-box software and generic reporting. At MBW, we provide a complete line of ad-hoc reporting. No matter your goals, our flexible reporting capabilities are second to none.
RCM KPIs and Analytics
Get Insights from data and make decisions that transform your revenue cycle.
Medical Billing Wholesalers provides sophisticated, cloud-based analytics solutions available in real time. Use this data to instantly see what’s working, what’s not and how to improve your overall organization. The real magic happens once you turn that raw data into a game plan. Costs shrink. Productivity skyrockets. Your clients appreciate the difference.
Provider Enrollment / Credentialing
Quick and complete enrollment for maximum claim reimbursement.
Efficient enrollment and credentialing are critical parts to a successful medical billing operation. Missed deadlines and incorrect documentation can make this time-consuming process a nightmare. Medical Billing Wholesalers, our experts keep 100% track of which forms need to be completed, by whom and when. We maximize efficiency so you can maximize your bottom line.