Service providers can easily see the performance and trends contained in the data, and they can analyze the main cause, assess insurance performance, and the financial effects of claim rejections. The following are benefit of a medical billing:
Charge posting. It must be that all expenses and charges must be received within 24 hours of receipt.
Submission of electronic claims. The paper claims are needed only when absolutely required.
Better collections. When a claim is rejected, the company must have the proper follow up.
Patient statements. The monthly statement must be sent out to the patients.
ProMD Practice Management was founded in 2004 by a team of physicians and health services administration professionals who had directed the expansion of South Florida Perinatal Medicine into one of the foremost maternal fetal medical practices in the state.