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Medspeed Services
Services We Offer
MedSpeed provides flexible medical billing support ranging from full revenue cycle management to specific billing services based on your practice needs
1. Patient & Provider Setup
Medical Billing & Coding
⦁ Insurance eligibility verification
⦁ Credentialing of providers with payers
⦁ Gathering initial patient and billing data
⦁ Setting up EFT/ERA
⦁ Insurance credentialing upon request
⦁ Adapting to specialty-specific guidelines and insurance policies
⦁ Complete client confidentiality
⦁ 100% HIPAA compliant
2. Claims Processing
Claims Submission & Follow-Up
⦁ Electronic submission of claims
⦁ Submission of paper claims where necessary
⦁ Prompt secondary filing
⦁ Processing and submitting claims to appropriate insurance companies
⦁ Posting payments to patient accounts
⦁ Sending electronic and paper patient statements
⦁ Mailing and follow-up of patient statements
⦁ Purging of inactive accounts
3. Denial & Accounts Receivable Management
Denial Management
⦁ 100% follow-up on all denied claims
⦁ Appeals preparation and submission
⦁ Identification of coding errors, missing documentation, or authorization issues
⦁ Follow-up with insurance companies for claim status
⦁ 100% follow-up on all aged claims
⦁ Cleanup of aging claims
⦁ Accounts receivable follow-up
⦁ Tracking aging reports to prevent revenue loss
4. Reporting & Practice Performance
Revenue Analysis & Reporting
⦁ Preparation and submission of monthly management reports
⦁ Billing transparency through regular reporting
⦁ Practice performance indicator analysis
⦁ Proactive alerts on denied claims
⦁ Prompt replies to billing-related questions
⦁ Clear reporting on revenue cycle performance
Turning Denials into Revenue
After Transitioning Billing Services To Medspeed, A Psychiatry Practice Experienced:
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Reduced accounts receivable timelines
Increased revenue
Improved claims follow-up consistency
Focus on Patients, Not Paperwork
If your practice is ready to reduce billing errors, improve payment speed, and streamline revenue cycle operations, contact MedSpeed to learn how our customized services can support your practice.