Getting your medical claims approved seems to be a daunting task, especially when the health care providers have followed the standards protocol of billing and coding. On average, reported by medical companies, the insurance claim takes almost one month to get fulfilled. In some cases, this may not be acceptable. Therefore, choosing the top medical company is always the top priority of the patients and the insurance companies.
There are different parameters on which we could measure the performance of top medical billing companies.
Those who hire a bunch of professionals to successfully complete the process of medical coding and billing as well as make sure that the tracking of the insurance claims is more robust in approach. They are often considered to be one of the best in the business because their efficiency to produce accurate medical bills and their ability to get the claims approved are far better than the usual medical and health care facilities.
Moreover, some of the medical companies that lack professional teams in the house often hire the services of outsourced employees to ensure that they have accurately coded and rightfully succeeded in putting the claims in the right place.
Here is a list of the top medical companies that are considered the best in the business.
- Best for overall services:
When we are viewing the performance of the companies as an overall support and management system, Advanced Med is considered as one of the best in the business. The company caters to all scale of clients from large scale medical and health care providers to emerging businesses as well.
Advanced Med has a team of certified coders whose efficiency and accuracy is matchless. They check coding errors and also help your customers with denied claims. So if you are medical health service provider and looking for the best overall services, Advanced Med is the name to be trusted.
- Best services for independent physicians:
When you are looking for the best independent services, one of the most trusted names in the business is Kareo. They offer robust and best management solutions to most independent practicing health care providers. One of the best parts of working with Kareo is that you don’t have to come into any contracts and also offer a great success rate. Moreover, they also help the independent doctors with the scheduling and appointment of the patients and patient’s reminder.
- For small medical groups:
For small and emerging medical groups who are looking for a medical coding solution, the best and the most trusted in the business is Chart logic. They help you with the internal audit as well as make sure to remove the errors of your past coding bills. Make sure to help you with the end to end solutions and ensure that you are able to get all the medical billing solutions under one roof.
They work on EMR and Pm business solutions and make sure that you have the software integrated into your system. The company works with the medical and health care services on partnership and usually costs from 3% to 6% on average of your income.
- Best for hospitals:
Not all business solutions are suitable for all scale of business enterprises, and therefore, we are recommending different and specialized services for the variable scale of medical health facilities.
When it comes to dealing with hospitals, Athena health is rated as the top and the most trusted name in the business. They include robust management features for the enterprise and also help you with the dealing of claim management.
However, it is important to note that they may charge you additional fees for the denied claims, and therefore, if you are working on some of the special cases, it is important to take note that you have to pay further extra than the settled fees for the services.
The system of facilitation for the customers is user friendly and provides you with a real-time performance report.
The highlight of the company is that it works well with the hospitals, and those who are working on individual levels may find it hard to integrate into the system.
- Best for the large scale practices:
From government to private practices, one of the best features of the WAY STAR is that they enable you to work at the highest first-pass rate. Which makes the company more desirable than any others in the business?
The integration of the company is efficient and helps the in-house coders as well.
Therefore, if you are looking for one house medical billing solutions for a large scale organization, Waystar is one of the most trusted names in the business. To conclude, here is the list of some of the most trusted names in the business that are measured according to the scale of the business and determined by their efficiency and accuracy in the process of medical billing and coding.
