Revenue Cycle Management for Medical Practices
park medical billing
Revenue Cycle Management for Medical Practices
How Can We Improve Your Revenues?
HELPING YOU GROW FINANCIALLY
Why Choose Park Medical
Billing Company?
We stand at the forefront of medical billing services, extending our expertise to healthcare providers across New Jersey, New York, and the broader United States. With a decade of experience under our belt, our mission is to enhance the financial health and operational efficiency of practices, particularly focusing on Physical Therapists, Chiropractors, Pain Management, Primary Care Physicians, and Cardiologists.
Our team of experts applies their knowledge and use of cutting-edge technology to significantly improve your revenue cycle performance, allowing your focus to remain on the patient. Tailoring our services to each client’s unique need we enhance profitability and efficiency, mitigating delays and denials from the initial claim process.
With a comprehensive array of services, including patient statements, credentialing, and more, Park Medical Billing ensures the smooth financial operation of your healthcare practice, making us a leading medical billing company in the region.
Latest Healthcare Technology
Our cutting-edge technology and billing solutions set Park Medical Billing apart from a typical medical billing company. We utilize the latest technology to prevent the most common billing and coding errors to maximize output. Let our future-focused and... tech-savvy billing solutions save you valuable resources and time. Our experienced and trained medical billers apply the latest billing guidelines to ensure a 95% clean claim submission. Park Medical Billing also provides automated AI data entry by integrating your electronic health records to provide transparent Revenue Cycle Management reports in real-time. Read more
Medical Billing Services That Increase Your Revenue
Our focus is to increase your practice’s profitability by maximizing each claims reimbursement. Let us take care of the business side of the revenue cycle by implementing the best billing... processes and developing suitable workflow plans for your employees to focus on what matters most, providing exceptional patient care. Capitalize your revenue today and rest assure that your partner’s at Park Medical Billing in New Jersey are working diligently so you can continue to offer quality care to patients. Read more
Not Just a Billing Service
Park Medical Billing offers not only medical billing and medical coding services. We also provide credentialing, revenue cycle management, state-of-the-art EHR, and practice management solutions that ensure your organization achieves all its benchmarks.
Medical Billing Agency That Offers Reliable Client Support
Park Medical Billing prioritizes quality customer service and support. Our mission is to help grow your medical practice, and we're always there to provide the support and assistance you need.
No Long Term Contracts
There is no legal obligation for your medical practice to remain with our medical billing company. We're confident that you'll be satisfied when you partner with Park Medical Billing. However, if you decide to leave, rest assured there will be no... penalties or hassle. We only have monthly contracts, and there are no hidden fees with our billing service - Park Medical Billing discloses all our charges to you upfront. Read more
Real-time Tracking
Offering customized and easy-to-read reports are our forte. Our web-based dashboard offers interactive charting at your fingertips. With the capability to produce fully customized reports along with revenue cycle management,... insurance reimbursements and provider performance to provide complete in-depth analytic insights to improve your practice's processes. Read more
How Park Medical Billing Increases Your Practice Revenue
Integrated Systems
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.
Custom Scrubbing
We are a reliable medical billing company 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.
Real-time Reporting
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.
our services
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:
Healthcare Billing Services
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.
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Medical Credentialing
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.
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Revenue Cycle Management
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.
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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) | $127,500 *Fee is varied by reimbursement per visit |
| % of billings collected. | 70% | 90% |
| Collections | $1,599,380 | $2,056,500 |
| Collections costs | $129,1000 | $127,500 |
| Collections, net of costs | $1,470,280 | $1,922,880 (24% Revenue Increase) |
what Our clients say
latest medical billing news
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Don’t Drop the Ball in 2024: Navigating the 2024 CMS Final Rule for Physical Therapist
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How Park Medical Billing Increases Revenue Using AI
This article covers the analytical approach that Park Medical Billing is taking to redefine the medical billing industry. This feat is achieved by using Artificial Intelligence to minimize claim denials, maximize reimbursements, and provide valuable
Medical billing challenges and their solutions
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Most Asked Questions about Telehealth & Occupational Therapy Billing
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