At Meds First, we specialize in providing reliable and efficient medical billing services designed to streamline the revenue cycle for healthcare providers.
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1 (800) 913-6645
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At Meds First, we specialize in providing reliable and efficient medical billing services designed to streamline the revenue cycle for healthcare providers.
Contact Us
Monday - Friday
Hospital billing is a complex and often overwhelming process. Managing thousands of insurance plans, navigating ever-changing regulations, and ensuring accurate coding for a wide variety of diagnoses and procedures can cause significant revenue losses. At MEDS First, we specialize in navigating these complexities to help your hospital reclaim lost revenue and improve your billing operations. As an experienced professionals company, MEDS First are committed to the highest standards of healthcare financial and medical information management. With over a decade of experience, our team offers comprehensive revenue cycle management (RCM) solutions designed to optimize your processes and increase your bottom line. By partnering with us, you gain the peace of mind that comes with working with a team dedicated to ethical, compliant practices. We invest in continuous education and training for our experts, ensuring they are equipped to handle the evolving healthcare landscape.
Each year, hospitals lose thousands of dollars due to incomplete claims, denials, and coding errors. Issues like insurance verification, emergency room billing, and accounts receivable management compound the burden on your hospital’s revenue cycle. While some hospitals attempt to manage billing in-house, this approach often falls short. Experienced professionals and specialized tools are needed to navigate the complexities of hospital RCM. Concerns about outsourcing often include:
At MEDS First, we take a detailed, step-by-step approach to ensure your hospital’s billing process is both efficient and accurate:
We ensure accurate patient information, verify insurance coverage, and secure necessary pre-authorizations.
Our experts capture all charges and assign precise medical codes to maximize reimbursement.
We act as your virtual billing department, ensuring compliance with HIPAA and keeping you updated on industry regulations.
We accurately post payments and strategically appeal denied claims to optimize revenue.
We proactively manage outstanding balances, coordinating with patients and insurance companies.
We identify and process credit balances to ensure timely returns to patients.
Our approach is comprehensive, addressing every aspect of your revenue cycle management process with precision. Here's why our clients trust us:
Experienced Billing Experts: Our team consists of certified professionals with deep expertise in medical billing, coding, and compliance, ensuring accurate and timely claims.
Same-Day Transition: We ensure a seamless transition with minimal disruption, delivering results from day one.
Zero A/R Backlog in Less Than 30 Days: Our strategic approach to accounts receivable management reduces or eliminates backlog within 30 days.
97% First-Pass Acceptance Rate: Using advanced technology and expert review, we achieve a 97% first-pass claim acceptance rate, reducing delays and denials.
Monthly Financial Health Reports: Receive detailed reports with insights into your billing performance, trends, and opportunities for improvement.
Hospital Billing
MEDS First is here to optimize your hospital’s billing process, improve revenue cycle efficiency, and ensure timely reimbursement. Let us take the complexity out of hospital medical billing so you can focus on providing excellent patient care.
Hospital medical billing involves submitting and following up on claims to insurance companies to receive payment for medical services provided. It is crucial for ensuring timely and accurate reimbursement for the care hospitals deliver, impacting their financial health. How MEDS First Helps: MEDS First streamlines the entire medical billing process, ensuring claims are submitted correctly and promptly, minimizing delays and maximizing reimbursement. We also handle claim follow-ups and denials management to ensure continuous cash flow.
Common denial reasons include incorrect patient information, invalid or missing codes, services not covered, or issues with medical necessity. How MEDS First Helps: MEDS First reduces claim denials by ensuring accurate patient data, proper coding (ICD-10, CPT, HCPCS), and verifying insurance coverage before services are rendered. We proactively handle denials and resubmissions to resolve any issues quickly
Hospitals can improve RCM by optimizing every stage of the billing process—from patient registration to final payment—by ensuring proper coding, verifying insurance details, and managing outstanding balances efficiently. How MEDS First Helps: MEDS First offers a comprehensive RCM solution, covering all aspects from registration and pre-authorization to payment posting and denial management. We ensure that every step is streamlined for better efficiency and improved revenue.
ICD-10 codes are used to describe diseases and conditions, CPT codes are for procedures and services, and HCPCS codes cover supplies and certain services. Accurate coding is crucial for proper reimbursement and compliance. How MEDS First Helps: Our certified coders are experts in ICD-10, CPT, and HCPCS coding, ensuring that your hospital’s claims are accurate and complete, reducing errors and maximizing reimbursement.
Compliance with HIPAA ensures patient privacy and data protection, requiring secure management of medical records and billing information. How MEDS First Helps: MEDS First maintains the highest standards of security and confidentiality, implementing robust measures to protect patient data and ensuring all billing processes are HIPAA-compliant. We prioritize data privacy through secure billing systems and regular staff training.
Insurance verification confirms that a patient’s insurance is active and covers the services being provided, reducing the risk of claim rejections. How MEDS First Helps: MEDS First ensures thorough insurance verification before services are provided, preventing errors and ensuring that the correct coverage information is in place. This process reduces the likelihood of claims being denied due to incorrect or missing insurance details.
Reducing billing errors and improving coding accuracy requires thorough training and the use of up-to-date coding guidelines and systems. How MEDS First Helps: Our certified coding team is extensively trained in the latest coding methodologies and regulations. We use advanced tools to minimize errors and ensure the highest level of accuracy in every claim, which leads to faster approvals and reduced claim denials.
Managing A/R efficiently involves timely follow-up on unpaid claims, coordinating with insurance companies, and proactively handling outstanding balances from patients. How MEDS First Helps: MEDS First excels in A/R management, with a proactive approach to follow-up and resolution. We ensure that claims are processed quickly and work directly with patients and insurers to collect payments promptly, reducing your A/R backlog.
Outsourcing medical billing can reduce administrative costs, improve accuracy, speed up claims processing, and allow hospital staff to focus on patient care rather than billing tasks. How MEDS First Helps: MEDS First offers expert billing services that reduce operational costs while increasing reimbursement rates. Our team of experienced professionals handles all aspects of billing and RCM, allowing your hospital to focus on providing exceptional care to patients.
Hospitals need detailed reporting to track financial performance, identify trends, and make data-driven decisions to improve revenue. How MEDS First Helps: MEDS First provides clients with detailed monthly financial reports, offering insights into billing performance, payer mix, reimbursement trends, and areas for improvement. Our reports are easy to understand, allowing hospital administrators to make informed financial decisions.