Revenue Cycle Management for Medical Practices
park medical billing
Revenue Cycle Management for Medical Practices
How much can we improve your revenues?
HELPING YOU GROW FINANCIALLY
Why Choose Park Medical Billing Company?
Most practices don’t need an out-of-the-box or cookie-cutter solution! They need a reputable and customizable processes that can meet the unique needs of your medical practice. Only the best medical billing agency can offer that.
Park Medical Billing is a leading name in medical billing services and is dedicated to offering quality billing solutions that add value to healthcare physicians throughout the US. If recovering uncollected money is a concern to you, then Park Medical Billing is the right choice for your business.
We have the experts, knowledge, technology, and commitment to providing 100 percent customer satisfaction. We leverage high-level data mining, intuitive reporting, and aggressive claims follow-up to strive for a 95% monthly collection rate.
This is how our HIPAA-compliant medical billing service can help recover what’s due to you.
How Park Medical Billing Increases Your Practice Revenue
Successful medical billing starts at the data entry stage. We leverage automated integration and the best software to transfer your billing information securely from your EMR or EHR to our system. This system integration makes: billing simpler, reduces data entry errors, expedites claim submissions. For you, it means that your medical billing cycle is substantially shortened.
We are a reliable medical billing company in NJ and NY that uses certified professional coders to scrub claims before sending them off to payors. Park Medical Billing submits clean claims – complete and correct the first time. If you work with us, you will have your own scrubber, updated with the latest insurance regulations, rules, and your practice’s unique preferences and needs. This is ideal for larger medical practices and leads to faster claim processing and fewer rejections.
Daily Denial Emails
We use custom algorithms to create our unique Daily Denial Reports. We email you these reports every morning. These reports cover the previous day’s denials from all ERAs that came in, making revenue cycle management and practice management simple and more efficient. This is because these unique emails save countless hours of work, so Park Medical Billing’s billers can dedicate their valuable time and energy to working these denials to increase your reimbursement and improve your business bottom line.
When it comes to offering transparency, value, and business insight, our intuitive reporting sets us apart from other medical billing companies in the area. We share financial reports to demonstrate impressive returns on investment and show your medical practice’s financial information. This allows you to see all aspects of your billing cycle.
Park Medical Billing Company offers comprehensive revenue cycle management right from the moment your patients walk in the door until the payment for your medical or healthcare services are received. We offer:
Being the best medical billing company in NY and NJ, we offer medical practice billing services that streamline your account management and improve efficiency from initial contact to payment and beyond. We offer customized Revenue Cycle Management solutions for various healthcare providers, such as physical therapists and mental health professionals.
We obtain and negotiate contracts with insurance payors and make sure that your medical facility or physician’s contracts with insurance providers are up to date and accurate. Let the credentialing experts at Park Medical Billing in New York and New Jersey facilitate your relationships with insurance providers and patients, allowing you to eliminate confusion, serve more patients with quality care, and achieve the highest reimbursement rates.
We offer single healthcare providers and group practices in New Jersey and New York reliable and affordable revenue cycle management services to help them achieve better business performance. With a shorter revenue cycle, your medical practice accelerates cash flow and can keep impeccable records for every account in real-time.
how we measure up
In-house Billing vs Medical Billing Company Cost Analysis
** Figures based on a national industry averages using 3 providers w/ $2.1 million billed annually
|COSTS||In-House||Park Medical Billing|
|Billing department costs||$118,000||$0|
|Software and hardware costs||$7,500||$0|
|Direct claim processing costs||$3,600|
(Clearing house fee)
*Fee is varied by
reimbursement per visit
|% of billings collected.||70%||90%|
|Collections, net of costs||$1,470,280||$1,922,880|
(24% Revenue Increase)
what Our clients say
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