Unlike other medical billing companies, ‘The Medical Billing‘ is a dependable medical billing company in the United States that gives exceptional real-time solutions that increase practice standards. We’re the top bills and coding firm on the market, with over 12 years of healthcare IT and bill management experience.
For labs, individual physicians, groups, and organizations of all sizes, we provide customized solutions with innovative medical billing software.
Claim bills, denial management, AR recovery, and practice management solutions are all provided by our professionals. Unlike other medical billing businesses, we handle every part of HRCM to make it easier for you to run your clinic.
Our healthcare bill firm is dedicated to assuring customer satisfaction at all times. This is the only reason we’ve made it our aim to provide superior solutions and individualized support that promotes healthy behaviors and satisfied patients. Our medical billing company’s certified experts work to maximize revenue for healthcare providers. In this extremely competitive sector, we go above and above to become the ideal bills firmly.
Our goal is to help healthcare professionals achieve their utmost degree of success and efficiency by advancing industry standards by introducing new innovative ideas. We’re a qualified and certified billing service firm that values our clients’ privacy.
TMB makes every effort to exceed its clients’ expectations by providing medical billing solutions based on best-of-breed technology.
VALUES OF OUR REVENUE CYCLE MANAGEMENT COMPANY
TMB provides expert medical billing services, and entrusting your bills and coding requirements to us will benefit you in a variety of ways. We’ll assign you a skilled account manager who will keep track of every detail of your account. In this manner, we can ensure that not a single unpaid income claim falls through the cracks.
TMB is working hard to maintain its reputation as one of the most reputable healthcare bills and collection organizations. Our basic beliefs are the main reason we’ve been able to get to the top of the medical billing industry in the United States.
Our certified medical billing professionals and technical analysts have extensive training and experience in all aspects of medical claims bills. To provide comprehensive, ongoing training, ‘The Medical Billing’ employs only the best and brightest minds. As a result, our team is always up to date on the latest rules and technologies.
We think that diversity helps us to address the individual demands of each customer, whether it’s through the TMB team or its specialized range of services. Every healthcare business has unique bills requirements, and we’re dedicated to providing the most complete service possible to meet those needs.
We know that technology innovation is the key to the future at ‘The Medical Billing. We invest in cutting-edge bill technology and hire healthcare IT specialists. To expedite and simplify all elements of patient care and practice management, they provide unrivaled bill services.
Unlike most insurance billing organizations, TMB encourages its employees to be creative and curious. We’re dedicated to ingenuity and innovation, which permits inquisitive minds to think of new ways to help our clients. This allows doctors to focus more on the needs of their patients and less on their financial situation.
TMB provides comprehensive good and professional billing services, as well as best-practice process management, to help you minimize your reimbursement cycle, boost revenue streams, and increase profits.
When you’re worried about your bottom line, it’s tough to stay entirely focused on patient care. If your existing medical billing system isn’t keeping track of constant cash flow across all of your accounts, it’s time to upgrade. Then you’ll undoubtedly require such information to assist you in preparing for the next economic downturn.
Why Should Medical Practice Use Our Lab Billing Services?
Our Laboratory Billings provides effective business management services and manages the entire revenue cycle. Our practical and cost-effective laboratory billing solutions are tailored to each client’s specific requirements.
What Services Does TMB Provide?
We are a top laboratory billing company that can assist you in gaining an advantage with:
- Account managers that are dedicated to their clients
- Real-time reporting and analytics
- Within a month, AR decreased by an average of 8% across all specialties.
- A client retention rate of 97 percent and a tailored interface with our practice management software
Measure Your Company’s Development
Make Use of Agile Solutions
Our patient and physician interfaces provide effective communications, information sharing, and full transparency. Our agile solutions empower and expect our customers to participate as much as they want throughout the process. Finally, we relieve your practice, lab, and providers of administrative constraints, allowing you to focus on providing high-quality patient care. To strike the correct balance, outsource lab medical billing services to TMB.
Collect More Data
We keep you up to speed on your revenue cycle so you can track your practice’s financial progress. Monthly analytical reports provided by our solutions allow you to analyze your billing system. It also assists our clients in making faster and better decisions. With outstanding insights, our billing professionals assist lab technicians in making well-informed decisions and creating concrete plans for their business growth. As a result, you’ll be able to steer your company appropriately.
MANAGEMENT OF THE LABORATORY REVENUE CYCLE
Payments are received in either hard copy or electronically (EFTs). PGM receives the necessary explanations of benefits (EOBs) in hard form or as electronic remittance advice (ERAs), which it obtains directly. Clients of PGM have the choice of continuing to accept payment at the laboratory or having PGM handle all payments at one of our locations.
One of our reimbursement specialists reviews the payment and enters the line-item into our practice management system.
Tracking of Claims
Payments are run through our payer-specific rules software after they’ve been put into our practice management system, which aggressively detects underpaid or is-adjudicated claims.
When a claim is detected as unpaid or incorrectly adjudicated, it is forwarded to one of our reimbursement professionals for additional investigation and active follow-up.
Management of denials and follow-up
Only 70% of insurance claims in the average medical practice are ever paid by insurance companies. While the practice may submit an error-free claim to a payer, there is no assurance that it will be paid or that it will be paid correctly.
Payers continue to implement increasingly complex regulations, methods, and loopholes with the sole purpose of reducing payment. As a result, practitioners are frequently underpaid for the vital service they provide to patients.
We work with laboratories directly to develop a patient billing profile and handle all patient billing tasks on their behalf.
A typical patient billing profile consists of a series of simple statements. If a patient does not pay, further letters and/or a call series are sent to them. Patients are given a toll-free number to contact if they have any issues with their bill, and one of our patient billing experts will be happy to assist them.
You obtain greater, real-time insight into claim status and lab operations using TMB’s laboratory billing software. Labs get access to our cloud-based revenue cycle management platform, which allows them to see and change data at almost any level. Almost any field or data point can be filtered and sorted.
PGM’s reporting engine is focused on enhancing your bottom line and providing revenue management back to your business, from accession reporting to sales force performance.
According to the American Medical Association, the average lab submits over half of its claims with inaccurate codes. The problem is worsened for laboratories since developments in molecular laboratory testing are surpassing the development of CPT/PLA codes.
The use of “unspecified” codes requires correct explanations, “Z” codes, and/or documentation. Undercharging, overcharging, and post-payment audits are all dangers associated with inexact and inaccurate coding.
Data entry/upload for patient charges and demographics
Every day, patient demographics and accession costs are gathered. Any of our locations can receive data scanned, faxed, or couriered. A professional TMB account representative will enter the data into our practice management system after the data has been received.
Patient details and accession charge data can be digitally sent in real-time to our practice management system for TMB clients that use a Lab Information System (LIS).
Why should you work with TMB?
Due to rising demand, the healthcare industry has a huge opportunity to expand its revenue. Is your medical laboratory generating enough income to meet your company’s objectives? If not, you should get superior medical billing solutions right away.
Laboratory Billings provides an all-in-one solution to assist you in overcoming all of your obstacles. With deeper insights, we’re focusing on driving high financial outcomes for medical labs. Because we work as an extension of your team to give you cutting-edge, high-converting laboratory billing services.
“You have found the appropriate and best medical billing place to work with if you are seeking favorable prices and a medical billing collections firm that will get you rolling correctly. For almost all of your medical billing, physician billing, and other needs, contact ‘The Medical Billing’ immediately”.