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We ensure that claims from your practice are entered into Medishield's billing software within 24 hours, guaranteeing over 98% accuracy. We automate the entire billing flow, from patient data handling and eligibility checks to fast communication with insurance carriers. This reduces errors and maximizes efficiency, helping your practice stay cost-effective and profitable.
Denied claims slow down your revenue cycle. Medishield scrubs every claim to ensure all necessary information is included, minimizing the chances of denial. If incomplete information is found, we follow up with your practice. Re-filing claims can be a time-consuming task, but Medishield will handle this at no extra cost, ensuring a smooth and hassle-free process.
Outstanding claims are flagged and followed up diligently. We engage directly with insurance companies to ensure timely payments, striving to keep your 60-day outstanding accounts receivable below 20% and 120-day accounts receivable below 10%. Our proactive approach to claim denial management ensures that your revenue flow remains steady.
All explanations of benefits, patient payments, and insurance payments are entered into our billing software in real time. This ensures that your practice has accurate and up-to-date accounts receivable records, reducing the risk of discrepancies and streamlining financial management.
We manage patient billing efficiently by sending out customized statements for any outstanding balances. This reduces the administrative burden on your staff and ensures patients are aware of their financial responsibilities.
Our services support your staff by managing every aspect of the practice workflow—from handling patient records to uploading documents and sending secure messages. This allows your team to focus on patient care while we handle the administrative workload.
Within 48 hours of receiving patient encounter forms, whether paper or electronic, we process and submit claims to the relevant insurance companies. This ensures timely reimbursement and a smooth billing process.
Weekly practice scorecards provide your doctors with an overview of revenue booked, revenue collected, and revenue outstanding. Additional ad-hoc reporting is available to ensure full transparency and control over your practice’s financial performance.
