Cardiology Billing Services
The financial strength of your cardiology practice is directly correlated to timely billing and account reimbursement. We have years of experience providing cardiology billing services. Hiring a quality billing service is one of the most important decisions you'll ever make regarding the business aspect of your practice. It is crucial that your cardiology billing company have the experience necessary to handle the complexities presented by cardiology billing and modifiers. Why not allow 5 Star to give you the financial peace of mind you deserve? Please visit our homepage to obtain additional information regarding our services, references and other pertinent details regarding our cardiology billing services.
Medical billing services for cardiology can be more challenging than for other specialties due to the fact that cardiology medical procedures tend to be more intricate and complex. This means that medical coders working for cardiology facilities should be specialized in cardiovascular terminology, services and procedures. Aside from having a high level of coding experience, they should also understand general billing procedures and processes, such as modifier application, component coding and more.
Changes to billing and coding regulations in the last few years have led to fee reductions for cardiologists. In fact, Medicare fees for cardiologists have decreased by about 2 percent each year, despite the fact that the average Medicare fee increased by 1.1 percent for other providers. Because of these changes – and because revenue can also decrease due to billing errors and poor coding – it is important for billing and coding processes to be performed by cardiology billing experts. At 5 Star Billing Services, we provide error-free, denial-free billing and coding services, resulting in maximum on-time reimbursements for your practice.
What We Do
At 5 Star Billing Services, we provide comprehensive billing, collections, and practice management services for cardiology providers. We provide initial evaluation of your practice and accounts receivable, and we make it easy to get started - because we're serious about getting you paid! Some of the things our expert billing professionals do include:
- Providing full account receivables management
- Performing 12-hour claims processing
- Checking system based eligibility
- Conducting quarterly coding updates
- Performing system-based claims scrubbing
- Handling all billing calls
- Conducting regular quality assurance checks
- Holding weekly meetings to discuss progress and go over reports
- Providing customizable monthly reports
Why Work With Us?
Our certified coders have years of experience working with cardiology practices and are equipped with the knowledge to handle coding and billing-related processes to ensure that you receive payments and reimbursements on time. We have experience working with various cardiology sub-specialties, including:
- General clinical cardiology
- Interventional cardiology
- Nuclear cardiology
- Surgical cardiology
- Transplant cardiology
Extensive knowledge of these and other sub-specialties has allowed our billers and coders to meet the demands of a wide variety of cardiology providers, clinics, diagnostic centers, hospitals, and multi-specialty groups. We work side by side with your practice to help identify problem areas and establish the best medical billing and coding procedures possible.
Our cardiology billing service is based in the United States and is fully compliant with HIPAA standards and regulations. This means that your patients’ protected health information will never be compromised.
To learn more about 5 Star Billing Services and what we can do for your practice, call 480-821-1371 to speak with one of our representatives.
At 5 Star Billing Services, we are large enough to handle multi-physician, multi-location practices yet small enough to give the personal attention your account deserves. We offer:
- Improved collections and income
- Accelerated payments and reduced stress
- 24/7 accessibility to your patient data and financial information
- Transparency throughout the revenue cycle
- Full financial and practice management reporting
Areas of Expertise
Our billing and coding employees are well-trained and keep up to date on the latest changes in cardiology codes and payer requirements. This ensures that the claims we submit are accurate and do not delay payment. We also understand the claims denial process and can appeal denied claims quickly and efficiently to ensure speedy reimbursement.
Our billers and coders understand:
Complex cardiology billing codes and rules
Office notes and operative notes
Coding for surgical procedures
Code variations related to multiple procedure rules
- Payer relations
- Patient relations
- Client reporting
- Fee analysis
- Managed-care contracts
Your Cardiology Billing Company
A cardiology billing company should increase your reimbursements. In fact, it should be more efficient and effective at billing than your own office. A cardiology billing company should let you and your personnel focus on practicing medicine. Whether you own a private practice or work in a hospital or multi-provider facility, a cardiology billing service can make your practice more profitable.
According to industry experts, a claims adjustment rate of between 20% and 35% is considered good and acceptable. At 5 Star, our account executives have an average of eight years in cardiology billing. Their knowledge, ability, and dedicated follow-up is why our adjustment rate is consistently lower - as low as 12% with Medicare. At 5 Star, we achieve AR rates for our practices that are higher than the industry average. Simply put, you and your practice will get a higher average return per processed claim.
5 Star Billing Services is more than a claims processing center, because we offer multiple benefits and billing services. Our state-of-the-art billing system generates accurately-coded claims daily and submits them electronically. Once your superbills are processed, payment can be received in as little as ten days instead of three months.
A Cardiology Billing Company Should Help Reduce Your Expenses
Our clients reduce their office expenses by using our services and software – all you need is a PC and access to the Internet. Our practice management software is all-inclusive and is part of our standard service. There are no costly software updates or support fees. There are no hidden costs or additional charges.
5 Star Billing Services is unique in the field of cardiology billing. We offer a complete business solution to your medical billing and practice management needs, and we do it all for one fee. All the medical billing services and benefits you receive are included, even your overnight mail for shipping your demographics.
Our fee is below the national average. Our goal is to provide the highest return on your claims at a competitive price, without sacrificing service or patient support.
Our Medical Billing Software
At 5 Star Billing Services, we use advanced, web-based medical billing software that can easily connect to your organization’s own data. We can also work with your own billing or practice management software, as our billing specialists have worked with most major billing systems, including Medisoft, Practice Admin, Lytec, Eclipse, AdvantX, and others.