Revenue Cycle Management Services

Full-Cycle Revenue Oversight — From Patient Intake to Final Payment

Revenue doesn’t leak through one failure. It drains through dozens of small gaps across your billing cycle. A missed eligibility check, a coding error, a denial that sits unworked for weeks, a patient balance that never gets followed up. Park Medical Billing’s revenue cycle management services close every one of those gaps with dedicated oversight, real-time reporting, and a team that manages your entire financial workflow. No setup fees, no long-term contracts.

More Collections.
Fewer Headaches.
Stronger Practice Growth.

Why Revenue Cycle Management Determines Your Practice's Financial Health

Revenue cycle management works like financial touchpoints from the moment a patient schedules an appointment till the providers collect the last dollar. If any stage breaks down, practices take a financial hit. To keep your practice’s RCM in check, our team manages the full revenue cycle, so you focus fully on patients while your financial operations run at peak performance.

This page walks you through what we do, how we do it, and what you can expect once we start.

Where Revenue Cycle Gaps Cost You Money

Most practices lose revenue due to parts in their revenue cycle that aren’t in order. Industry data shows that on average a practice loses 5-10% of potential revenue to billing errors. Additionally, this amounts to 30% of claims getting denied, delayed, or underpaid due to preventable errors.

We monitor and optimize every stage of the revenue cycle:

Patient Registration and Demographics: Incorrect data causes claim rejections before coding even begins
Insurance Verification and Eligibility: Unverified coverage leads to denials and patient balance surprises
Charge Capture: Missed charges mean services rendered but never billed
Medical Coding (ICD-10, CPT, HCPCS): Inaccurate codes trigger denials, downcoding, and audit risk
Claim Scrubbing and Submission: Errors caught before submission prevent denials at the source

Payment Posting and Reconciliation: Unposted or misapplied payments create A/R confusion
Denial Management and Appeals: Unworked denials become lost revenue after timely filing expires
Patient Billing and Collections: Unclear statements and no follow-up leave balances uncollected
A/R Follow-up: Aging claims over 90 days have less than 20% collection probability
Financial Reporting and Analytics: Without data visibility, you can't identify or fix revenue gaps

Revenue Cycle KPIs We Track and Optimize

We don’t just process claims. Rather, we measure your revenue cycle performance against industry benchmarks and optimize continuously. Key metrics we track:

Days in A/R: Under 35 days
Clean Claim Rate: 95%+ (our average: 98%)
First-Pass Resolution Rate: Claims paid on first submission
Denial Rate: Under 5% (our average: 4%)
Net Collection Rate: Percentage of allowed revenue actually collected
Charge Lag: Time between date of service and claim submission (our target: under 24 hours)

Real-Time RCM Analytics & Performance Reporting

You shouldn’t have to wait until month-end to know how your practice is performing. Our billing dashboard gives you 24/7 access to collections, A/R aging, denial trends, payer performance, and provider-level productivity, all in real time. For practices where revenue cycle visibility has been limited to monthly reports, this is the difference between reacting to problems and preventing them.

10–15%

Increase in Collections

UNTIL PAID

Proactive Claim
Follow-Up

DAILY

Denial Detection & Reporting

100%

Compliance Guarantee

Ready to improve collections and reduce denials?

Book a free consultation and see how our Cardiology billing experts can help your practice grow.

WHY PARK MEDICAL BILLING

Why Cardiology Practices Choose Park Medical Billing

Cardiology practices deal with one of the highest procedure volumes and broadest code sets in healthcare. Every Park Medical Billing client receives a dedicated account manager, cardiology-specific billing workflows, and transparent performance reporting.

One dedicated account manager who knows your practice, procedure mix, and payer contracts
Cardiology-trained billing team that understands catheterization coding, device follow-ups, and component billing
Daily denial identification and prioritized follow-up
Real-time collections and A/R reporting accessible 24/7
Percentage-based pricing with no setup fees — request a custom quote based on your volume and procedure mix
Flexible support that scales as your practice grows

98%

Clean Claim Rate

Avg 4% Denial Rate

Our cardiology clients average 4%. The industry average is 12%

20+

Cardiology Billing Experts

Setup fee — no long-term contracts required

Dedicated Cardiology Billing Experts for Your Practice

Cardiology billing requires coders who can distinguish between diagnostic and interventional catheterization codes, know when TC/26 component splits apply to in-office imaging, and track device evaluation coding as manufacturers update their technology. Our experienced billing professionals work in cardiology billing daily, catching the bundling errors and component billing mistakes that generalist teams miss.

Your dedicated account manager leads a team that handles everything from catheterization claim coding and device follow-up billing to stress test documentation and vascular study management. When CMS updates device evaluation codes or a payer changes its PCI prior authorization requirements, your claims already reflect the change.

Why Our Cardiology Billing Services Deliver Better Results

Cardiology procedures include routine diagnostics and high-value interventional cases, and each of them carry their own coding rules, bundling edits, and payer requirements. Here’s how we protect that revenue across your cardiology practice.

Lower Cardiology Billing Costs

Medical billing companies generally charge a percentage of collected revenue. Park Medical Billing provides transparent, percentage-based pricing based on your procedure volume, payer mix, and required services. There are no setup fees or long-term contracts.

Faster Claims Processing

We submit claims within 24 hours, ensuring all required modifiers are verified — TC/26, NCCI edits, and prior authorization status. Daily follow-up on outstanding balances keeps your A/R cycle short and your cash flow predictable.

Flexible Solutions That Scale

Whether you’re a solo cardiologist, a multi-provider cardiology group, a hospital-based department, or a practice with a cardiac cath lab, our billing process adapts to your setup. We integrate with your existing EHR and cardiology-specific systems and scale as your practice evolves.

Reduction of Administrative Burden

Cardiology practices manage high procedure volumes alongside device follow-ups, prior authorizations, and diagnostic testing — all generating separate claims. We handle the entire billing workload so your team can focus on patient care and clinical operations.

What Physical Therapy Practices say about Our Billing Services

(5.0)

We hired Park Medical back in March of this year, and from the moment they came in to do a demo we were impressed. Our last biller did not meet expectations at all, but Chol and Monica came in to meet with us and were both professional and personable. Everything they promised, they have delivered.

Seven months later, we are still very impressed. Sheila, our account manager, has been absolutely exceptional. Their customer service is top tier—they increased our revenue, bill in a timely manner, and answer every question no matter how big or small. They even provide support in ways we didn’t think to ask for.

If you’re looking for a billing company, stop your search here. Park Medical will transform your billing process for the better!

Scott Gander, MSPT, Owner

ProTouch Physical Therapy

(5.0)

Very organized and systemic medical billing company. Rapid respond for any issues and minimalize all billing issues. Highly recommended.

Joseph Park, DPT, Owner

Prime Rehab Center Physical Therapy

(5.0)

My company has had a great experience utilizing Park Medical for our billing service. Their software is easy to use and allows you to drill down to find any information you may be looking for.

I would recommend them if any company is looking for an excellent billing company with great rates.

Albert Tasker, CFO

Eagle Physical Therapy & Rehabilitation

(5.0)

My company has been using Park Medical Billing for approximately 1.5 years and I am very pleased with their services! They are available via phone or email whenever the need arises and are prompt with their posting.

Through their help in submitting claims in a timely manner, we have been able to increase our monthly collection rate. I recommend Park Medical Billing for all your billing needs.

Michelle Tawil, DPT, Owner

Tawil Physical Therapy

(5.0)

We have been with Park Medical billing for 4 years and are very happy. They are easy to get in contact with and will fight for every dollar owed to you in your practice.

Eric Stivers, DPT, Owner

Mile High Physical Therapy PC

(5.0)

Chol and his team (shout out to Kristiana, Monica, and Kristen) have been more accommodating than I can express in our billing transition. He has patiently walked us through the process and been available for our many questions and with full explanations since the beginning.

Everyone in his office is friendly and professional, and more importantly, they mean business about helping our business make money. I am amazed at the detail with which his system is able to parse billing and collections in order to help us get an accurate handle on our facilities’ finances. We feel like we acquired another team member in Park Medical Billing

Chretien Cochran, CEO

Covington Physical Therapy Center

(5.0)

It has been a pleasure working with Chol and his team. They are timely and productive. They work with me to make the process as streamlined as possible.

Joel Giffin, PT, Owner

Flex Physical Therapy

(5.0)

Chol and staff have been nothing short of excellent since they took over our billing services. They process claims quickly, follow up on unpaid claims and use their scrubbing software to ensure that claims are correct and have modifiers if needed so we get paid faster.

Since hiring Park Medical Billing my life has become much less stressful.

Dennis Laccarino, Co-Owner

Bluebell Physical Therapy

(5.0)

Park Medical is everything we were looking for and more in a billing company. They went above and beyond our expectations.

Alex Brito, DPT, Owner

Springfield Physical Therapy

(5.0)

I am the owner of ABC Physical Therapy in Somerville NJ and I hired Park Medical in 2016 because I was having a disaster with the other billing company I had been using since Jan 2014. Since hiring Park Medical I have been able to sleep at night knowing everything is running smoothly now.

They do everything from A to Z and if I ever have a billing problem they always find a way to resolve the issue and get me back on my feet.

ABC Physical Therapy participates with almost all the insurance plans and because of this we are always messed up with authorizations or time lapses in authorizations because the insurance company issues them late to us and with Park Medical they are so SMART that they look at the issue’s then come up with a SOLUTION to fix the problem and get things running smoothly again so I can go back to work without worrying about billing problems.

I HIGHLY recommend this EXCELLENT company because they not only take care of your billing but they come up with SOLUTIONS to make things easier for you so the insurance companies do NOT drive you out of business with there diversionary tactics. I give them 5 stars. 🙂

William Medway, Owner

ABC Physical Therapy

(5.0)

Everyone at Park Medical billing is very friendly, knowledgeable and professional. They know Physical Therapy billing !!! Always able to speak with someone in the office who can take care of any billing questions you might have. Extremely happy with this company and highly recommend.

Matthew Holtzer, DPT, Owner

Holmdel Physical Therapy

(5.0)

As the owner and Clinical Director, I was extremely impressed with the level of commitment to have the staff from PMB not only listen to my concerns and questions, but to promptly and quickly respond and resolve.

The other component of their services, is their desire to share ideas and possibilities to improve my overall revenue. I would recommend the services of PMB and their staff, without ANY RESERVATIONS!!!!

Luis Hinc, Owner/Clinical Director

Fortaleza Rehab

(5.0)

I am writing in reference to Park Medical Billing Company. Early this year, TOPS Physical Therapy and Osteopractics, decided to change from in house billing to a billing company.

We interviewed several companies and made the decision to hire Park Medical Billing. We are very happy that we chose this company. From the beginning, Park Medical Billing Company was very informative, gave a comprehensive presentation, answered many of our questions before we had to ask them.

They are timely, follow through with commitments made and very accessible. We had to communicate quite often during our transition. The line of communication was always professional and never rushed. We are very happy with Park Medical Billing Company and I would definitely recommend them to you.

Teri Brannon, Office Manager

T.O.P.S. Physical Therapy

HIPAA-Compliant Cardiology Billing You Can Trust

Cardiology billing involves patient records for diagnostic testing, interventional procedures, device implants, and ongoing device management. All of them carry strict compliance requirements. Park Medical Billing provides fully HIPAA-compliant cardiology billing services with a signed BAA for every client, and we continuously monitor CMS coding updates, payer-specific procedure rules, and device evaluation code changes.

From routine ECGs to complex catheterization cases, our team ensures your claims are both accurate and compliant with current regulations.

Expertise in Small Practice Billing

Small practices don’t operate like large groups — your billing needs are different, your margins are tighter, and your team is leaner. At Park Medical Billing, we specialize in the financial realities of 1–5 provider practices. Our team understands the specific payer challenges, coding patterns, and cash flow pressures that independent practices deal with daily. By outsourcing your medical billing to us, you leverage that expertise and eliminate the costly trial-and-error of managing billing in-house.

Advanced Technology and Custom Solutions

Our SPHERE platform uses AI-driven claim scrubbing with two independent scrubbers that catch errors both pre- and post-submission. We also offer custom EHR integration and billing automation tailored to your practice’s workflow — whether you’re on WebPT, AdvancedMD, ChiroTouch, Tebra, or another system. The technology adapts to your setup, not the other way around.

Reduction of Administrative Burden

Running a small practice is labor-intensive. By handling the entire billing process — from claim submission and denial follow-up to patient statements and payment posting — we free up your front desk and office manager to focus on patient care, scheduling, and practice growth. With Park Medical Billing, you avoid the stress of managing billing in-house and can devote your energy to what actually grows your practice.

Real-Time Reporting and Transparency

Experienced and Certified Billing Professionals

Our team consists of certified medical billing specialists with experience across multiple specialties commonly found in small practices — physical therapy, chiropractic, pain management, internal medicine, behavioral health, and more. They handle everything from claim submission to compliance checks, ensuring your billing process runs smoothly. Our professionals are committed to responsiveness — your emails and calls are returned promptly, and your account manager keeps you informed every step of the way.

Faster Payments and Improved Cash Flow

For a small practice, cash flow predictability is everything. Our 24-hour claim submission, daily follow-ups, and proactive denial resolution mean your revenue arrives faster and more consistently. Our clients typically see A/R days drop and collections increase within the first 90 days — because we’re not just submitting claims, we’re actively chasing every dollar your practice has earned.

Flexible and Customizable Service Options

Every small practice is different. A solo provider starting out has different needs than a growing group adding its third clinician. We offer flexible billing solutions that integrate with your existing systems and scale as your practice evolves. Whether it’s adapting to a new payer contract, onboarding a new provider, or adjusting to changes in your specialty mix, our billing process moves with you — not against you.

Compliance and Accuracy

We adhere strictly to HIPAA standards and stay current on all Medicare compliance requirements, ICD-10, CPT, and HCPCS coding updates, and payer-specific billing rules. For a small practice without a dedicated compliance officer, this matters — a single compliance gap can trigger audits, denials, or penalties. Our team monitors regulatory changes continuously so your practice stays compliant and your claims stay clean.

Why Choose Park Medical Billing?

Choosing Park Medical Billing means you’re opting for a partner that is deeply invested in your success. Our extensive experience, coupled with a robust technological framework and a team of dedicated professionals, ensures that your billing process is handled with the utmost care and precision.

We believe in building partnerships that foster growth and stability for your practice. By ensuring that your claims are submitted correctly and on time, we not only maintain a continuous cash flow but also provide you with peace of mind, knowing that your financial operations are in expert hands.

Are you ready to enhance the financial health of your practice? Don’t let billing challenges hold you back. Contact Park Medical Billing today at (201) 585-7306 or via email at info@localhost. Let us tailor our physical therapy billing services to meet your specific needs and help you focus more on what matters most—providing excellent care to your patients.

Other Medical Billing Services for Specialty Practices

Physical therapist supervising knee rehabilitation exercise and progress assessment

Authorization Management

Running a practice is demanding—billing shouldn’t add to the burden. Even small inefficiencies in physical therapy billing can quietly reduce collections and delay reimbursements month after month. Park Medical Billing specializes in Physical Therapy Billing Services with a streamlined process designed to reduce denials, accelerate claim acceptance, and maximize revenue. On average, our clients achieve a 10–15% increase in collections and 20% fewer denials within the first 90 days.

Authorization Management

Psychiatry Billing Services

Running a practice is demanding billing shouldn’t add to the burden. Even small inefficiencies in physical therapy billing can quietly reduce collections and delay reimbursements month after month. Park Medical Billing specializes in Psychiatry Therapy Billing Services with a streamlined process designed to reduce denials, accelerate claim acceptance, and maximize revenue. On average.

Denial Management Services

Turn the Tide on Claim Denials with Smart Denial Management Services Claim denials continue to be one of the biggest obstacles to healthy cash flow in healthcare. They delay payments, increase administrative burden, and affect

FAQ

Cardiology Medical Billing Services – Frequently Asked Questions

Quick answers to the questions cardiology clinics ask us most about billing,

coding, units, and denials

Why is cardiology billing considered complex?

Cardiology involves one of the broadest procedure scopes in healthcare, such as:

Diagnostic testing (ECG, echo, stress tests)

Interventional procedures (catheterization, PCI/stents)

Device management (pacemaker, ICD, ICM follow-ups)

Vascular studies

Each has its own CPT codes, bundling rules, and component billing requirements. Even frequent coding changes for device technology, TC/26 splits for in-office imaging, declining Medicare cardiology fees, and billing errors can quickly lead to revenue loss.

What cardiology CPT codes do you work with?

We bill the full range:

Cardiac catheterization (93451–93462)

PCI/stents (92920–92944)

Echocardiography (93303–93350)

ECG/EKG (93000–93010)

Stress testing (93015–93018 exercise, 78451–78454 nuclear)

Pacemaker/ICD implants (33206–33249) and device evaluations (93279–93299)

Vascular studies (93880–93998)

Holter monitoring (93224–93227)

Every modifier and component split are verified per payer before submission.

Do cardiology procedures require prior authorization?

Yes. Most high-value procedures, such as catheterization, PCI/stent placement, device implants, and nuclear stress tests require prior authorization from most payers. We handle initial submissions, track authorization status before the claim is submitted, and file appeals when authorization is denied.

How do you handle TC/26 component billing for in-office cardiology?

Many cardiology practices perform echo, nuclear stress, and vascular studies in-office. Each of these involves a technical component (TC) and a professional component (26) that must be billed correctly based on where the test was performed and who owns the equipment. We verify component splits for every in-office diagnostic claim per payer.

How much do cardiology billing services cost?

How quickly can we get started?

Most cardiology practices are fully onboarded within 2–3 weeks. We handle EHR integration, payer configuration, and credential verification. Claim submissions continue without interruption during the transition.

Full-Cycle Revenue Oversight — From Patient Intake to Final Payment