Medical billing presents unique challenges. One size does not fit all, and neither does one system – particularly given the often inferior billing modules that are bundled in today's EMR systems.
Choosing a Rhode Island medical billing services company may seem daunting, especially given how rapidly the industry has grown. MBS Select began in 1993 as a medical billing company, and our lengthy experience of helping clients find medical billing solutions supports everything we do. Under our medical billing company, MBS has successfully managed over $500M in client revenue under many practice-tailored arrangements. Explore our tiered MD billing service solutions for the greater Providence, RI metro area and all of Rhode Island to determine which of our plans is right for your needs. Discover what putting us to work for your revenue means for your bottom line.
MD billing solutions from MBS Select help medical practices earn 8-15% more revenue compared to other medical billing companies and understaffed in-house billing departments. Please take a moment to review the above sections of our website to learn more about our highly competitive tiered medical billing solutions, how we consistently outperform industry KPI performance benchmarks, and the ever-growing list of provider specialties that we serve. Other Providence-area or greater Rhode Island medical billing companies simply cannot compete with the level of service and results that we offer at our low-cost, competitive rates. Contact us today to discuss your unique situation and service needs with one of our executive medical billing specialists.
Providence Medical Billing Services
Our Providence, Rhode Island, medical billing company stands out for its industry- and state-specific knowledge base, its client-centered services, and its expert customer service.
Since our start in 1993, the healthcare industry has undergone rapid change. Technology constantly advances, regulatory requirements change, and practice specialties multiply. In response, we have expanded our range of services to include healthcare consulting, provider specialties, practice technology solutions, and HL7 data interfaces. Along the way, we have learned the wisdom of helping clients assess not only their current needs but also their future ones. Our broader reach and national client base position us ahead of other Rhode Island medical billing services. Our tiered pricing structure reflects our belief in giving each client only what it needs, at a competitive and fair price. And whether you choose a Basic, Expanded, or Premium package, you receive the same medical billing expertise from our specialists and customer service representatives. Not all Providence medical billing services can offer you the same high-quality levels of performance and support that MBS Select does.
Hybrid RCM
2-4% of gross collections
This low-cost option is best for Providence practices with an in-house billing presence but that require added assistance and oversight with overall revenue cycle management and high volume transactions. Includes the "Basic" service plus the following:
This is our most comprehensive service option with the greatest level of ROI and revenue results for Providence practices looking to outsource the entire billing operation to our expert team of medical billing specialists. Includes the base Hybrid services plus the following:
CPT and ICD coding review and corrections
Coding insights and recommendations
Patient registration QA and clean-up of entry errors
Insurance eligibility QA to confirm correct insurance is billed
Paper claim assembly and submission
Claims scrubbing resolution
Denied claim follow-up research and appeals
Online and phone-in claim corrections and rebills
Unpaid and inactive claim A/R follow-up research
Patient statement generation and delivery
Research bad addresses and undeliverable mail
Patient call center for balance inquiries and credit card payments
Patient A/R management
Patient payment plan tracking
Collections account coordination
Credit balance review
Refund notifications
Payer website administration
Payer guideline information and update notifications
Month-end reporting
On-site monthly meetings
After hours phone number to contact MBS management at any time
OUR FULL SERVICE RCM OUTPERFORMS INDUSTRY KPI STANDARDS
MBS compares itself against several industry benchmarks, or key performance indicators (KPIs), to assess the quality and performance of our outsourced Providence medical billing service in comparison to market competition. Using benchmark data published by such organizations as MGMA, HBMA, AMA, and CMS, it is very clear that our medical billing company consistently outperforms the industry norms across the board. The chart below illustrates a few such areas where we set a higher bar for our valued clients.
What this means for our clients is an average revenue increase of 8-15% within the first year of partnering with us for full-service billing! And, it's ultimately this difference factor that has our full-service clients remaining with us for decades with very little client turnover. Contact us today to schedule a discussion to learn more how our medical billing company can help you offset the growing trend of insurance companies paying less. By increasing your revenue performance standards, our expert team of Providence medical billing specialists will ultimately help your organization stay ahead and achieve higher revenue targets.