BillingParadise's Co-Managed Revenue Cycle Management Services

This Video Explains " Co-Managed Revenue Cycle Management Services Of BillingParadise ".

Click here for " BillingParadise Revenue Cycle Management Blog "

This Post Explains " What is co-managed medical billing services? 

It is a model in which in-house billers work with off-site medical billing companies to boost revenue and efficiency "

This is An Urgent Care center in Florida. They have offices in Miami and Tampa. Michelle has been working here as an in-house biller for 12 years. As the practice grows, she feels the pain. And Michelle found it increasingly hard to work with the urgent care center's EHR.

So the management decided to work with a third party billing company who has got hands-on experience in billing through Eclinicalworks. But they didn't want to fire Michelle not just she has been in the practice for 12 years, but the years of experience she has in the specialty.

So the urgent care practice wanted to work with a billing company who works along with their in-house billing team. But yes that solution came with its own share of obstacles. 

The major ones being:

? Conflict of interest between third party billing company and their own in-house billing team.
? They have to pay both the parties,
?  Monitoring and Validating reports, 
?  Involving them in a streamlined process,  
? Approval process,
? Managing the Remote resources.

Where the twain meet. Since BillingParadise had come across similar situations earlier, we proposed the solution of co-managing the revenue cycle to the practice owner.

This is how we set the ball rolling; 

? We clearly defined the entire co-managed process beginning from work allocation to communication channels to the client.

? Our transition manager explained the responsibilities we'd be taking on and Michelle's role in it.

? We introduced the practice to TeamBillingBridge, our workflow management software that makes reporting, communication, and coordination a breeze.

? Our Service Level Agreement is transparent and the practice could track whether we were adhering to SLA through our user-friendly and intuitive app, TeamBillingBridge.

Michelle Says" Initially I was a bit apprehensive about how the sharing of responsibilities would work. 
BillingParadise came up with a responsibility sharing matrix that made my job super easy. And of course, 
it was very clear-cut and transparent. I enjoy sharing my work with them.

Let’s have a look at how the workload was shared, 

The in-house billing team took care of patient scheduling while BillingParadise offered to take care of patient 
eligibility verification. 

It was the in-house billing team’s responsibility to send across signed charts so BillingParadise’s medical coders could assign exact codes. 

The code auditors of BillingParadise would audit claims and our coding manager would review the audited codes. 

Charge scrubbing and payment posting would be carried out by BillingParadise’s team while we’d handle charge submission and carry out a payment posting audit. 

BillingParadise's denial and AR management team would handle our denial capture, denial analysis, and AR management processes. We’d be handling denial verification, resubmission of denials and handle denial related queries. 

Now things back on track. Thanks to BillingParadise. They have minimized our denials and reduced outstanding AR, and my workflow becomes much quicker now. It’s been an amazing journey so far. I strongly recommend their Services "

For more information, contact:

BillingParadise
2009 N. Lynn 
Taylor,
TX 76574, 
The United States.
Phone: +1 214-783-6295

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