Introduction
Medical billing has to be conducted well to ensure the financial health of a medical practice. In-house billing may eventuate into high costs and occasional delays, leading to mistakes that become claim denials and revenue loss. These problems prompted Info Hub Consultancy Services (ICS) to introduce a specialized model of Full-Time Equivalent (FTE) Model at $7.5 per hour. The FTE is provided for the convenience of healthcare providers looking for good-value billing services that guarantee accuracy, compliance, and growth.
Reasons to Consider ICS $7.5/Hour FTE Model
Dedicated Experts for Specialized Tasks
Medical billing represents a complex web of functions, claims processing, medical coding, denial management, and accounts receivable follow-up, requiring specialized expertise. With our FTE model, you will have access to highly skilled experts specializing in specific billing tasks according to your practice needs. You may enhance your billing processes with expert intervention without outsourcing the entire billing process.
Cost-Effective Without Compromising Quality
Hiring and maintaining an in-house billing team involves costs associated with salaries, benefits, training, and infrastructure. Our FTE Model allows you to completely avoid these expenses by paying only when you require specific services at a fixed hourly price of $7.5. This model is designed to lower actual operating expenses by 40%, maintaining accuracy and compliance with the industry standard.
Multi-Specialty Billing Expertise
There is no way that the general model can apply to medical billing, since its techniques are variant from the specialties types. To be able to access a specialist in multispecialty billing, ICS provides trained billing specialists from a wide range of specializations, including:
- Chiropractic Billing
- Mental Health Billing
- Ambulatory Surgical Center(ASC) Billing
- Durable Medical Equipment (DME) Billing
- Skilled Nursing Facilities (SNFs) Billing
The dental medicineman, therefore, uses the field-oriented and process-driven know-how to maximize reimbursements while minimizing the denials of claims.
You might discover the unique features of our FTE Model such as:
- 24/7 Operational Support
Medical billing processes are never hampered by time zones or working hours. Our FTE Model guarantees 24/7 operational support that eliminates processing delays and enables immediate claim submissions and resolutions of issues.
- Advanced Technology Integration
ICS team is indeed very competent and skilled in working with eClinicalWorks, Kareo, and AthenaHealth as among the leading billing software in our industry. That keeps efficiency, accuracy, and data secured, aligned with how you do your work.
- Compliance and Data Security
The area of medical billing must comply with all the governing standards such as HIPAA, CMS, and payer regulations. Our experts meet those international best practice compliance standards in order to preserve the patient data’s security and regulatory compliance.
- Real-time Performance Monitoring
Every resource available to you is completely dedicated to your practice, allowing for dedicated services with real-time performance tracking and analytics. You may track their productivity and receive full reporting on claims processing, denial rates and levels of reimbursement, giving you total transparency.
- Scalable and Flexible Model
From just one function to multiple billing requests, the resources needed to set up your practice are easily increased or decreased with this FTE Model in line with changing needs. Built-in flexibility assures you that you will only pay for what you use, making it the best solution for practices, large and small.
How Our FTE Model Strengthens Your Practice Operations
Productivity Enhanced and Workflow Transformed
Medical billing is a long process which shies off caring patients from your in-house staff. Trimming certain aspects of billing functions through outsourcing to ICS makes your team effocussing more on the patients and therefore improves total efficiency and quality of the service.
Faster Claim Processing and Reimbursements
Stalled claims translate to money loss. Because our specialists do all the claims submissions, follow-ups, and verification very thoroughly, it takes half the time for the processing. Most of them are settled within 24-48 hours to allow timely reimbursements and well-deserved cash flow.
Reduced Denials, Revenue Leakage
While claim denials often arise from incorrect coding, most occur as a result of missing documentation or non-compliance of payer. Our services include a well-rounded and cleaned claims process with thorough coding (ICD-10, CPT, and HCPCS), proper documentation, and scrubbing. This thus guarantees 98% clean claim rate for accidents, which translates to a 30% increase in revenue for most practices that partner with us.
More Control Over Billing Operations
Full outsourcing might have the billing function completely given to a third party; however, with the FTE model, control has remained on critical operations defined by you, and you set what billing to outsource control with the oversight and decision-making authority in mind.
Success Stories from the Real World.
Case Study 1: Denial Decrease for a Chiropractic Practice
A Chiropractic clinic in New York was suffering because of frequent claims denial due to wrong coding and incomplete documentation.The clinic hired an ICS FTE coding specialist. Within three months, there was a 50% reduction in denial. It increased the cash flow and reduced the administrative load of in-house staff.
Case Study 2: Increasing Collections of an Ambulatory Surgical Center
An ASC in Florida must brush up on combatting defaulters; it has been stagnating its income due to unpaid dues. We applied our FTE Model for accounts receivable follow-ups and this has brought over 90% recovery of the dues within the period of six months to the center, thus better finances and operational efficiency as well.
Conclusion
This is revolutionary for the healthcare provider searching for high-quality, cost-effective medical billing service. An ICS FTE Model at $7.5/hour boasts of having equipped dedicated professionals with forging advanced technology integration and being subjected to adherence to all compliance standard measures, thus making efficiency, accuracy, and success financially possible for your practice. Info Hub Consultancy Services (ICS) is the only one to provide healthcare practices with full-time equivalent (FTE) model for their billing and coding at $7.50 hourly.
For more inquiries, please contact us at +1 (888) 694-8634 / 0422 4212 455 or email us at inquiry@infohubconsultancy.com.