Harness our extensive experience for your success
Our purpose is to oversee every element of Revenue Cycle Management (RCM) with the highest standards of professionalism.Patient Registration And Demographic Data Gathering
FBS provide a comprehensive and accurate collection of patient demographics during the registration process, ensuring the integrity of all essential data such as the patient’s name, date of birth, address, contact details, physician information, Social Security number (SSN), and gender. We also capture emergency contacts, guarantor information, and health insurance details. By meticulously managing this critical data, we safeguard the accuracy that directly impacts billing efficiency, thereby maximizing revenue for healthcare providers and ensuring that the charge sheet or claim is correctly processed.
Insurance Verification
We offer a thorough insurance verification process, essential to the medical coding and billing cycle. In today’s increasingly complex healthcare environment, our team verifies insurance coverage, benefits, co-payments, and deductibles to ensure that services provided are covered. By confirming the patient’s active coverage on the service date and validating that their plan includes the services rendered, we provide healthcare providers with confidence in their billing processes and contribute to a smooth and successful reimbursement outcome.
Medical Coding
Our medical coding services are designed to ensure precise and accurate translations of clinical documentation. Our certified coders thoroughly analyze the encounter notes, which include the patient’s history, diagnosis, treatment plan, and course of action. We convert this information into standardized medical codes using the latest Current Procedural Terminology (CPT®), Healthcare Common Procedure Coding System (HCPCS), and ICD-10 codes. By ensuring accuracy in medical coding, we help healthcare providers avoid coding errors that could lead to delays or rejections in payment.
Charge Entry
FBS manage the meticulous process of charge entry by accurately submitting charges for services rendered to third-party payers. Our specialists compile and maintain detailed records of services, regularly updating them with the appropriate charges and codes. We ensure that each service is correctly billed according to the applicable fee schedules, making sure that healthcare providers receive timely and accurate payments for the services they deliver.
Claims Submission And Billing
Our claims submission service ensures that accurately completed claims are submitted promptly to the relevant insurance providers. We are well-versed in the specific requirements of each insurer, enabling us to navigate their unique submission guidelines efficiently. Our experienced medical billers ensure that claims are filed in compliance with these requirements, reducing the risk of delays or denials and ensuring a smoother revenue cycle for healthcare providers.
Accounts Payable
We provide a streamlined accounts payable process that ensures payments from third-party insurers and patients are posted accurately and promptly. Our team tracks and resolves rejection notices from insurance carriers and ensures that all payments are reconciled with the billing system daily. We also address discrepancies quickly, making necessary adjustments and posting payments to the correct patient invoices. In addition, we compile Electronic Remittance Advices (ERA), Explanation of Benefits (EOBs), and corresponding Electronic Funds Transfers (EFTs) to maintain accurate financial records.
Denial Management
FBS specialize in a robust denial management process that protects your revenue stream. Our team carefully monitors and analyzes denial trends, implementing corrective actions to address and resolve recurring issues. By effectively managing denial claims, we help prevent revenue loss, ensuring that healthcare providers maintain a healthy cash flow and improve reimbursement consistency.
Accounts Receivable Management
Our accounts receivable services are critical to ensuring financial stability for healthcare providers. We ensure strict adherence to state and federal regulations in our billing and collection practices. Our team monitors monthly aging reports to track outstanding claims and takes proactive steps, including filing appeals, to optimize reimbursements. Timely follow-ups on overdue accounts ensure that balances are reduced, and unpaid claims are resolved swiftly.
Credentialing And Provider Enrolment
We provide a comprehensive credentialing and enrollment service, vital for smooth healthcare operations. Our team ensures that healthcare providers are thoroughly vetted and credentialed at both the provider and payer levels. We also handle provider enrollment, requesting inclusion in insurance networks and securing contractual agreements with insurance plans. This process enables providers to deliver services under the framework of their network affiliations and ensures that they are reimbursed appropriately for their services.
Ready To Experience The Benefits Of Enhanced Billing Services?
Contact FBS today for a comprehensive solution tailored to your practice’s needs. Our team is ready to help you improve your financial performance and achieve sustainable growth.