The protocols and procedures that we follow streamline the workflow creating space for the claims to be accepted in one go.
Crucial Stages
By strictly following the steps below, P3 Healthcare Solutions speeds up the entire process, improving acceptance rates.
- Patient check-in
- Insurance status and verification
- Assign codes to diagnosis and procedures according to CPT and ICD-10 coding system
- Charges against the codes
- Claims submission
- Cash posting
- AR follow up
- Denial handling
- Reporting to the client
P3 Healthcare Solutions, at every step, stays vigilant without compromising on the information given on those claims. By successfully executing each stage, we assure our clients have the peace of mind to carry on what they do best. Our Revenue Cycle Management (RCM) services are unlike other medical billing companies targeting better collections and stable cash flow.
Easy Fee Structure
The standard medical billing rates are much affordable than the in-house setup. Medical billing outsourcing companies may seem expensive simply because they are outsiders. But, in reality, they are quite the opposite. Usually, the fee is a fixed percentage of the monthly revenue. However, the medical billing rates by specialty can vary from one physician to another.
An outsourced billing service like ours have the flexibility to charge in whatever way is more suitable. In some cases, flat-fee medical billing is more practical, while, in some, percentage-based payment system portrays a better outcome. We are a company that is built on morals and principles and the Business Associate Agreements will put us on the authentic side of things. Our charges are feasible to most of our clients. Therefore, if the medical billing pricing structure is stopping you from coming forward, you must get rid of that thought, immediately.
We give you the reasons to outsource medical billing. It is quite an achievement for us to understand the billing world in such a short time since we only started operations in 2015. The leadership is committed and highly intelligent to depict the future trends. The whole team works under their solid guidance, proactively, utilizing the freedom of thinking and practical application.