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What you need to know about third-party medical billing companies

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Merchants Credit Bureau is a full-service credit reporting, debt collection, tenant and employee screening and medical billing company based in Augusta, GA. Third-party medical billing is a great option for medical practices as it can save them valuable time. It can be difficult to train and find people who can handle complex billing and coding issues. Also, claims that are not processed correctly or in a timely manner can have a negative impact on your practice’s revenues. Even the most professional environment can make mistakes. Your staff may not be able to suggest a better way of handling billing errors. Many other reasons and benefits have pushed almost all doctors, hospitals, and health professionals to use 3rd-party billing companies. Let’s understand what third-party medical billing is Third-party medical billing refers to a form of billing in which third-party billing companies act as intermediaries and manage all aspects of billing between patients and doctors, hospita...
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6 Benefits of a Medical Billing Service

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In these uncertain times, with all the changing regulations of how claims are submitted, received and processed by Insurance Carriers, it can be quite overwhelming financially. The most common questions asked are... Am I collecting the maximum amount possible? How do I know I am collecting as much as possible? How can I increase my revenue? Perhaps a Medical Billing Service could answer all of these questions and calm the angst that is associated with them. There are many benefits to a Medical Billing Service. Below are six benefits that are explored in more detail. Increase Collection Rates with a Medical Billing Service Many people are under the impression that Medical Billing is merely data entry; however, it is much more than that. In order to bring in the maximum amount of money on the claims being submitted there needs to be follow-up on the claims. This often times is where in-house billing falls short, depending on the amount of staff that is part of the department, claim subm...
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