Medical Billing Services

5% Medical Billing Service – Premium Plan

MTBC's 5% Medical Billing Service MTBC's premium billing clients enjoy integrated solutions for the clinical as well as administrative aspects of patient care. MTBC's 5% medical billing clients enjoy daily billing and follow-up with added services for electronic prescribing, lab connectivity, and EMR integration.

5% Medical Billing Solution includes:

• Full charge entry and payment posting
• Daily submission and follow-up
• Primary, secondary, and tertiary payer billing
• Patient billing and call answering
• Integrated online scheduling
• Real-time financial reporting
• Free EMR software
• Integration with third party EMR software
• Real-time claims adjudication
• Toll free number of patient calls
• Online insurance eligibility verification
• MTBC’s Clinician:
  • E-prescribing
  • Lab connectivity
• Medical transcription at 4¢ per 65-character line

Free Software

Never purchase medical billing or practice management software again. As an MTBC medical billing client, your practice will enjoy a web-based practice management system which provides real-time financial and practice analysis reports from any Internet ready computer. There is no software to download, install, or update. MTBC’s integrated online scheduling and reporting package is constantly updated with new features, reports, and services which are all included at no additional charge. Also, there are never any training or software fees.

|more...|

Medical Billing Process

MTBC’s medical billing service brings efficiency and transparency to your medical billing. By using MTBC, you can finally free your practice from the tedious billing and remittance tasks to focus on patient care. MTBC’s medical billing process allows your practice to eliminate nearly all charge entry, patient demographic updates, as well as payment posting.

|more...|

Managing Your Account Receivable

MTBC’s medical billing service provides you unprecedented oversight and analysis of your practice’s outstanding balance. With MTBC’s online practice management system you have real-time updates of all unpaid patient and payer balances. Additionally, we provide you the tools to analyze the A/R by specific insurance, patient balances, and time frame.

More than just 30-60-90

Traditional A/R analysis is conducted by sorting each outstanding balance into specific buckets of time: 30, 60, 90, 120, 120+ days. Although this limited scope of analysis does provide some data on the success of your billing, it does not paint the complete picture of your practices financial health.

Typical billing companies only work the outstanding claims when they move through these buckets. MTBC’s follow-up policy is set according to the payment patterns of individual insurance companies. If we know that Insurance USA usually pays a claim 12 days after submission, we follow-up on those claims on the 15th day. We build these rules into our proprietary billing software to ensure that claims do not languish with the payers and do not simply move through the 30, 60, 90 cycle without action.

|more...|

Real-Time Reporting

MTBC’s medical billing service provides your practice with the most advanced financial and practice analysis reports available in the industry today. MTBC’s online reporting package replaces the unwieldy reports generated from typical billing software. From any Internet ready computer or mobile device you can analyze payments by payer, provider, location, procedure, diagnosis, or time-frame.

|more...|

Custom Solutions For Large Practices

It is more prudent than ever for large practices and hospitals to explore all avenues to reduce costs, maximize collections, and reinvent their billing and transcription departments.

Billing Department Extension

A/R at 60+ days a problem? Online eligibility verification? If specific areas of practice and revenue cycle management are challenging your practice, MTBC, with our robust IT department and dedicated client service teams, will tailor a specific solution for your needs.

Your hospital can hire, for example, 10 medical billing executives immediately for a flat monthly rate, at a fraction of the cost of equivalent in-house employees. These experienced medical billing specialists will work remotely within your current billing platform, so there is no need for any further IT expenditures.

• Reduce A/R and increase collections
• Significantly reduce personnel cost
• Improve billing process through increased follow-up
• Flexibility & Savings
• Manage MTBC employees how you see fit
• Immediately bring on experienced billing staff