Surgery Billing Service & Practice Management

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 surgery billing company has the experience necessary to handle the complexities presented by Surgery 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 Surgery billing services.

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 Surgery Billing, Collections & Practice Management

• 5 Star offers comprehensive Surgery 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 surgery facilities
  
• 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

Surgery Billing and Collections
Aggressive collecting methods with insurance companies
Maximum reimbursement for your services
Excellent customer service for you and your patients
Efficient exchange of information between you & 5 Star

Claims are submitted electronically

Receivables Management

• Coding
  
• Billing
  
• Payer relations
  
• Patient relations
  
• Collections
  
• Client reporting
  
• Fee analysis
  
• Managed-care contracts
  

Your Surgery Billing Company

A Surgery billing company should increase your reimbursements. In fact, a surgery billing service should be more efficient and effective at billing than your own office. A Surgery billing company should let you and your personnel focus on practicing medicine, and it should 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 surgery 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 Surgery 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.

Top 5 Reasons Why a Company Should Outsource Their Surgery Medical Billing to Another Company

The healthcare industry is a rapidly evolving sector where quality patient care is of utmost importance. However, a part of delivering this quality care entails managing complex operational tasks, including General Surgery Medical Billing, Surgery coding, and Revenue Cycle Management Services. More and more healthcare providers, particularly surgery centers and practices, are now opting to outsource these vital services to specialized firms. Here are the top five reasons why:

1. Improves Efficiency and Productivity

The first reason why a company should outsource their surgery medical billing is that it can significantly enhance efficiency and productivity. The complex nature of medical billing and coding requires specialized skills and in-depth knowledge of healthcare regulations. By outsourcing, a company can free up its internal staff from this arduous task, allowing them to focus on delivering quality patient care. The specialist firm, with its dedicated team of professionals, can effectively handle all aspects of billing, coding, and revenue cycle management, ensuring quick and efficient processing.

2. Reduces Errors and Ensures Compliance

Medical billing and coding errors can lead to claim denials, which can significantly delay and decrease revenue. Specialist outsourcing firms have the expertise to handle these tasks and significantly reduce the risk of errors. They stay up-to-date with the latest coding standards and healthcare regulations, ensuring compliance and minimizing the risk of audits. They also employ state-of-the-art technology for billing and coding, further minimizing human errors.

3. Cost-Effective Solution

Outsourcing billing and coding services can be a cost-effective solution for many companies. Hiring, training, and maintaining an in-house billing team can be expensive. In contrast, outsourcing these functions can reduce overhead costs as the billing company absorbs these expenses. Besides, you only pay for the services you need, thereby further optimizing operational costs.

4. Improved Cash Flow and Revenue Cycle Management

An outsourced billing service can optimize your revenue cycle management, ensuring timely claim submissions, aggressive follow-ups on unpaid claims, and quicker reimbursements. This can significantly improve the cash flow and financial health of your organization. These companies have the knowledge and resources to track and address issues in the revenue cycle promptly, reducing the time between providing services and receiving payment.

5. Access to Advanced Technology

Outsourcing companies invest heavily in the latest healthcare technology, which may not be feasible for a healthcare provider due to the high costs involved. By outsourcing, you can leverage this advanced technology to improve the accuracy and speed of your billing process. This not only includes software for billing and coding but also analytics tools that can provide valuable insights into your revenue cycle, helping to identify areas for improvement.

In conclusion, outsourcing general surgery medical billing, surgery coding, and revenue cycle management services can have significant benefits for a company. It not only helps improve efficiency, reduce errors, and save costs but also enables you to focus on your primary responsibility—delivering quality patient care. By choosing a reputable and experienced firm for outsourcing these tasks, you can ensure smoother operations and healthier finances.

Helpful Articles