3 Types of Medical Billing Companies

If you are thinking of outsourcing medical billing, it is necessary for you to understand that there are 3 types of medical billing companies. The basic knowledge of these types will help you to decide the type which is best fits your needs and allows you to focus on your core operations.

The medical billing services companies differ in the kind of services they offer. They are categorized as below:

Limited Service Medical Billing Companies

These companies are billing software vendors to handle coding validation,  eligibility, and patient demographics. The limited services include the processing of the front-end billing, processing of your claim. They are designed for practices that have an expert medical billing staff in place without outsourcing.

 Full-Service Medical Billing Companies

These are the conventional medical billing companies that begin their service during the former phase of your profits cycle. These companies are equipped with and skilled in

• Providing your services with technological tools and training for demographics, card issuance information, and eligibility verification, which is most helpful during the check-in process.
• Work with rejected claims and assist you on how to avoid this from happening in the future.
• Communicate with practices about how to manage rejections.

They have the capacity to handle all of your medical billing concerns. This makes them the ideal choice for medium to large practices aiming to focus on their core operations.

Specialized Medical Billing Companies

Sometimes a medical billing company is required that can give more specific assistance to your specialized practice. This is where the specialized types of medical billing companies are really priceless.

These medical billing companies deliver personalized services to specialized practices and the facilities that need to go beyond the common simple payment postings, claims submissions, and account receivables to continue step by step. Though, this also means a higher service fee because of their unique,  customized approach to medical billing.