Family Practice Billing Services
The financial strength of your Family Practice is directly correlated to timely billing and account reimbursement. We have years of experience providing Family Practice 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 family practice billing company has the experience necessary to handle the complexities presented by Family Practice 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 Family Practice billing services.
Family practice physicians provide medical services to patients of different ages – from newborns to the elderly – meaning that the family practice specialty often involves more than one field of medicine. Because of this, medical billers working for a family practice provider must have extensive knowledge of diagnosis and procedure codes commonly used by providers in this field. This ensures that patients and insurance companies are billed correctly and that providers receive maximum reimbursement for the services they provide.
Billing companies that do not specialize in family practice medicine are often ill-equipped to provide comprehensive services to family practice providers. This due to the fact that they:
- Lack sufficient knowledge of the family practice specialty
- Use outdated software applications that do not fit family medicine needs
- Are not aware of billing and coding updates
This is not a problem, however, with 5 Star Billing Services, which offers an affordable, HIPAA-compliant billing solution for family practice physicians.
Spend more time with your patients.
Our certified billers and coders are experts in their field, with years of experience helping family practice providers maintain healthy accounts receivables. By letting billing experts handle billing processes, providers are able to spend more time with their patients, providing high quality medical care.
Benefits
- Improved collections and Income
- Accelerated payments and reduced stress
- 24/7 accessibility to your patient data and financial information
- Know where your money is -Transparency throughout the revenue cycle
- Full financial and practice management reporting
- The Security and comfort of knowing billing is being handled by professionals & reimbursements and income will go up.
Comprehensive Family Practice Billing, Collections & Practice Management
- 5 Star offers comprehensive Family Practice billing services and collections.
- Initial evaluation of your practice and AR is included before we move forward.
- We make it easy to get started and we are serious about getting you paid!
- Our Certified Professional Coders will get you maximum reimbursement.
- Computer system and software designed specifically for family practice clinics
- Patient input, statements and follow up is included in our service
- Full Electronic claims and AR management is also included
We are large enough to handle multi physician/multi-location practices yet small enough to give the personal attention your account deserves.
Area of Expertise
Family Practice Billing and CollectionsAggressive collecting methods with insurance companiesMaximum reimbursement for your servicesExcellent customer service for you and your patientsEfficient exchange of information between you & 5 Star
Claims are submitted electronically
Certified Professional Codes on staffRemote Access to all your patients dataView your patient balances and transaction historyDetailed reports and the end of the monthPatient Statements go out minimum of once a monthReceivables Management
- Coding
- Billing
- Payer relations
- Patient relations
- Collections
- Client reporting
- Fee analysis
- Managed-care contracts
Your Family Practice Billing Company
A Family Practice billing company should increase your reimbursements. In fact, a family practice billing service should be more efficient and effective at billing than your own office. A Family Practice billing company should let you and your personnel focus on practicing medicine. They should also be able to make your practice more profitable than if you did billing in-house.
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 family practice billing. Their knowledge, ability, and dedicated follow-up is why at 5 Star our adjustment rate is consistently lower, as low as 12% with Medicare. At 5 Star we achieve A/R 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 services. Our state-of-the-art billing system daily generates your claims, which are accurately coded and electronically submitted. Once your superbills are processed, payment can be received in as little as ten days, not three months.
A Family Practice 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, even over the internet and is part of our standard service. There are no costly software updates or support fees. There are no hidden costs or additional charges.
Preferred Health Resources is unique in the field of medical 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 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 simply to provide the highest return on your claims, without sacrificing service or patient support, at a competitive price.