Cardiology Billing Services | XyberMed
Cardiology Billing Services
The financial strength of your cardiology practice is directly related to timely billing and reimbursement. We have years of experience with cardiology billing services. Hiring a quality billing service is one of the most important decisions you will make regarding the business aspect of your practice. It is critical that your cardiology billing company has the experience to handle the complexities of cardiology billing and modifiers. Why not leave it to 5 Star to give you the financial peace of mind you deserve? Please visit our homepage for more information about our services, testimonials, and other relevant details about our cardiology billing services.
Medical billing in cardiology can be more challenging than in other specialties because cardiology medical procedures tend to be more complicated and complex. This means that medical coders working for cardiology facilities should specialize in cardiovascular terminology, services, and procedures. Not only should they have a high level of coding experience, but they should also be familiar with general billing procedures and processes, such as applying modifiers, coding components, and more.
Changes in billing and coding regulations in recent years have resulted in fee reductions for cardiologists. In fact, Medicare fees for cardiologists have decreased by about 2 percent each year, even though the average Medicare fee for other providers has increased by 1.1 percent. Because of these changes – and because revenue can also decrease due to billing errors and poor coding – it’s important that the billing and coding processes are handled by cardiology billing experts. At 5 Star Billing Services, we provide error-free, denial-free billing and coding services that result in maximum, on-time reimbursements for your practice.
What We Do
XyberMed provides comprehensive billing, collections, and practice management services for cardiology providers. We provide an initial assessment of your practice and accounts receivable and make it easy for you to get started – because we’re serious about getting you paid! Some of the responsibilities of our billing experts include:
Complete accounts receivable management
Processing accounts receivable within 12 hours
Verification of system-based eligibility
Performing quarterly coding updates
Performing system-based eligibility reviews
Handling all billing calls
Conduct regular quality assurance checks
Hold weekly meetings to discuss progress and review reports
Provide customizable monthly reports
Why Work With Us?
Our certified coders have years of experience working with cardiology practices and have the knowledge necessary to handle coding and billing-related processes and ensure you receive payments and reimbursements in a timely manner. We have experience working with various cardiology subspecialties including:
General clinical cardiology
Our extensive knowledge of these and other subspecialties enables our billing experts and coders to meet the needs of a wide variety of cardiology providers, clinics, diagnostic centers, hospitals, and multi-specialty groups. We work side-by-side with your practice to identify problem areas and develop the best possible medical billing and coding procedures.
Our cardiology billing service is based in the United States and is fully compliant with HIPAA standards and regulations. This means that your patient’s protected health information will never be compromised.
To learn more about 5 Star Billing Services and what we can do for your practice, call 480-821-1371 to speak with one of our representatives.
At 5 Star Billing Services, we are large enough to handle multi-physician, multi-location practices yet small enough to give the personal attention your account deserves. We offer:
- Improved collections and income
- Accelerated payments and reduced stress
- 24/7 accessibility to your patient data and financial information
- Transparency throughout the revenue cycle
- Full financial and practice management reporting
Areas of Expertise
Our billing and coding employees are well-trained and keep up to date on the latest changes in cardiology codes and payer requirements. This ensures that the claims we submit are accurate and do not delay payment. We also understand the claims denial process and can appeal denied claims quickly and efficiently to ensure speedy reimbursement.
Our billers and coders understand:
Complex cardiology billing codes and rules
Office notes and operative notes
Coding for surgical procedures
Code variations related to multiple procedure rules
- Payer relations
- Patient relations
- Client reporting
- Fee analysis
- Managed-care contracts
Your Cardiology Billing Company
A cardiology billing company should increase your reimbursements. It should even bill more efficiently and effectively than your own practice. A cardiology billing company should allow you and your staff to focus on the practice of medicine. Whether you have your own practice or work in a hospital or multi-provider facility, a cardiology billing service can make your practice more profitable.
According to industry experts, a claim settlement rate between 20% and 35% is considered good and acceptable. At 5 Star, our account managers have an average of eight years of cardiology billing experience. Their knowledge, skills, and dedicated follow-up are why our adjustment rate is consistently lower – it’s as low as 12% for Medicare. At 5 Star, we achieve AR rates for our practices that are above the industry average. Simply put, you and your practice receive a higher average revenue per claim processed.
5 Star Billing Services is more than a claims processing center, as we offer multiple benefits and billing services. Our state-of-the-art billing system creates accurately coded claims daily and transmits them electronically. Once your invoices are processed, payment can be received in as little as ten days instead of three months.
A Cardiology 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 and is part of our standard service. There are no costly software updates or support fees. There are no hidden costs or additional charges.
5 Star Billing Services is unique in the field of cardiology 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 medical billing 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 to provide the highest return on your claims at a competitive price, without sacrificing service or patient support.
Our Medical Billing Software
At 5 Star Billing Services, we use advanced, web-based medical billing software that can easily connect to your organization’s own data. We can also work with your own billing or practice management software, as our billing specialists have worked with most major billing systems, including Medisoft, Practice Admin, Lytec, Eclipse, AdvantX, and others.
Neurology Billing Services
Comprehensive Neurology Billing, Collections, & Revenue Management Solutions
5 Star Billing is more than just a billing company. We provide a complete business solution to all your billing and practice management needs – and our billing staff works efficiently and effectively to improve your collections and increase your practice, medical center, or hospital’s profitability.
Our Neurology Billing Services
Our billing services are designed to meet the needs of every individual client and business. We take the time to understand your requirements and find the best solution.
Our services include:
- A detailed evaluation of your business and accounts receivables.
- Expert analysis of your business, including fee analysis, to identify problems and establish the most effective billing and coding procedures for you.
- CPT coding and reimbursement analysis.
- Full account receivables management and reporting.
- Coding for neurology services and neurology procedures.
- Coding audits.
- Same-day electronic claims submission and certified coders to ensure you receive the maximum reimbursement.
- Neurology-specific billing and EMR software solutions.
How We Can Help Neurologists
We help our clients reduce their expenses, increase their collections and much more. Our benefits include:
Improved collections and income:
Our certified coders are experts in the area of neurology billing and aim to provide the highest return on your claims.
Our services and software systems can greatly reduce your neurology service expenses.
Peace of mind:
Our services help accelerate payments and take the burden off you. We aim to reduce stress for our neurologists.
More time and resources:
Our services take the hassle out of billing, freeing up your time to focus on patients.
Exceptional customer service:
We provide personalized attention and cater to all clinical models, from a large multi-site operation to smaller single-provider practices.
You and your practice have direct access to your neurology billing software, providing total transparency and the ability to keep an eye on billing and financial-related data.