Best Medical Billing Companies

A successful medical practice consists of great healthcare providers who can focus on patients’ care without dividing their attention; however, there is a lot of administrative work that is required in order to get paid for the rendered services. TopRCM understands how having the right Medical Billing Partner can make or break a practice. Different medical practices have unique Medical Billing challenges specific to their specialty and demographic so a “one size fits all” approach doesn’t work. That is why we are actively working on compiling a list of Medical Billing vendors working nationwide. They have got the experience and expertise required to identify the sink on your existing cash flow and have a shared vision to build upon the current foundation. We request you to reach out to book a consultation or ask for a quote specific to your practices’ requirements.

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Clinic Services Logo
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Clinic Services

In addition to medical billing services, CSC assists practices with Electronic Medical Record (EMR) system implementation, business plan development, HIPAA compliance, small business management, and managed care contracting.

MillenniumMedical Billing Logo
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MillenniumMedical Billing

The executives at Millennium Medical Billing have decades of experience in the medical billing industry, and our administrators and account managers average years spent in supporting our clients’ growth.

eClinicalWorks Logo
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We develop innovative, customizable tools for documentation, Population Health, Patient Engagement, and Revenue Cycle Management.

Advance MD Logo
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Advance MD

The company supports independent physicians and their staff with a comprehensive suite of solutions including practice management, electronic health records, telemedicine, patient relationship management, business analytics reporting, and physician-performance benchmarking.

Medryte Logo
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At Medryte we take immense pride in offering high-quality, cost-effective customer service covering the whole spectrum of tasks in Healthcare claim processing. dedicated and certified staff who were well experienced in medical claim processing.

AthenaHealth Logo
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athenahealth is a leading provider of network-enabled services for electronic health records (EHR), revenue cycle management and medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other

Medphine Logo
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Medphine is a comprehensive and innovative provider of competent Revenue Cycle Management services to a wide range of healthcare providers of USA.

nextgen Logo
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EHR, financial, and HIE solutions for hospitals, health systems, physician practices, and other healthcare organizations, Interoperability, Connectivity, Ambulatory, and RCM.

AnnexMed Logo
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AnnexMed offers best-in-class revenue cycle management services, powered by a unique combination of people, process and technology. We combine unparalled subject matter expertise and innovative workflows to deliver the highest revenue results

Kareo Logo
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Kareo is the only cloud-based and complete medical technology platform purpose-built to meet the unique needs of independent practices.

Halemind Logo
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HaleMind Inc. is a Chicago-based start-up innovating in healthcare technology. We founded the company on the simple belief that personal engagement is the medicine for a healthy life. We help individuals manage and share with healthcare providers.

Top Medical Billing Companies

What is medical billing?

Medical billing is the process of submitting medical bills for the services performed by a provider to a patient’s Health Insurance to get reimbursement. The process involved a lot of steps to ensure timely reimbursement. It starts by verifying the patient’s insurance documents to ensure it is active and confirming whether the services would be covered by the payer. Then once the patient receives the care, the claims are coded by Certified Coders and electronically submitted to the Insurance via Clearing House. Once the claims are received by the payer, they are adjudicated and processed for payment. It might normally take 7 to 20 days to receive payments. It also involves having to keep a close watch or follow up on those claims regularly for timely payment. The claims might also get denied sometimes, in which case one needs to find out the denial reason and follow up with Insurance to fight the denial, submit an appeal, and/or medical records in some cases. Once the Insurance payment is received, it is posted in the system to close the claim out, and for the balance, a bill is then sent to the patients. Medical Billing is a very complicated and time taking process. It needs expertise as well as perseverance to understand what different situations entail for solving problems, and getting reimbursement from the Insurance companies. Every step of the medical billing process has different terminologies, and need the experience to be able to identify what something means.

The medical billing team comprises various types of skilled resources such as Insurance Verification Specialists, Authorization Specialists, Charge Poster, Certified Medical coders, Payment Posting Specialists, AR Follow Up specialists, and so on. It is difficult to hire such skilled people, and then to maintain the billing team in-house.

Healthcare providers avail this service to save time and the efforts that goes in hiring and maintaining an in-house billing team. A medical billing company ensures the timely reimbursement of medical bills without much involvement of healthcare providers in the process. The purpose of obtaining medical billing services by healthcare providers is to optimize their focus more on their patient's care and grow and manage the revenue management cycle.

With the use of quality control and structured procedures and workflows along with state-of-art technology, a reputed medical billing company renders expertise services to healthcare providers. Such a company ensures secure billing by reducing or removing errors in the billing process. Apart from this, medical billing service helps in minimizing the overhead costs and maximizing reimbursements of any healthcare practice.

TopRCM is a trusted company that will help you to find the right matches for your medical billing needs. We understand that it is a huge liability and daunting task to find the best medical billing services for your practice. Due to our vast experience and in-depth knowledge of this field, we are making this process easy for you by presenting the list of the best medical billing service providers for you. It will save precious time searching and finding the right match for your company.  We have carefully vetted these service providers, gathered and verified the information submitted by them, as well as assessed and compared them with their competitors to ensure that they deliver what is promised. We have mentioned essential all possible details related to medical billing services that you might need in the decision-making process. 

Let’s take your business to new heights by increasing revenue and customer satisfaction with the help of the right medical billing company. Choose any company from the list as per your healthcare practice’s billing demand. 

Let’s have a look at every essential detail related to medical billing services.

Table of content:

  • What are Medical Billing Services?

  • Why Outsource Medical Billing Services

  • Benefits of Outsourcing Medical Billing Services

  • How to choose the Best Medical Billing Service for your practice

  • Which are the best medical billing companies?

  • How much do medical billing services cost?

  • Frequently asked questions (FAQ)

What are Medical Billing Services?

Medical billing services are provided by independent Medical Billing Companies to the healthcare practices. These service providers process, submit and follow up on the health insurance claims of an individual patient to ensure the timely payment to the healthcare practice, also commonly known as Revenue Cycle Management. The services range from Insurance Verification, Authorization, Coding, Claim Submission, AR Follow-Up, Payment Posting to Patient Collection. Depending on your needs, you can pick which part of the Medical Billing process you need help with.

 The purpose behind availing of the medical billing services by the healthcare practice is not only to save cost but also increase their efficiency as well as reimbursement.

Why Outsource Medical Billing Services?

Running a Medical practice or Hospital in itself is a huge task and comes with immense responsibility. If the Medical Billing process of practice or Hospital, does not function in full efficiency, it causes revenue leakage and overall put strains on the financial health of the practice, which in turn affects a practice’s capability to render the best care to their patient. Hence, if a practice is finding it difficult for them to manage the time-consuming administrative work of their hospitals or clinics along with providing better care to the patients. That’s when they should consider outsourcing their medical billing process. It saves them lots of time and helps them to be focused on providing quality care to the patients, and ensure financial stability.

Benefits of Outsourcing Medical Billing Services

Let’s come to the most important parts and know in detail about the benefits of outsourcing medical billing services-

  • Save huge amount of time of the healthcare practices and help them to focus on the most important aspect i.e. better patients care

  • Handle huge chunk of healthcare billing tasks in a hassle-free manner due to expertise in this field

  • Reduce the claim rejection rate

  • Negligible or no error in the billing process

  • Improve patient satisfaction

  • No confusion to the patients regarding their bills

  • Timely payment of the claims

  • No revenue leakage

  • Boost overall revenue of healthcare practice

How to choose the best medical billing service for your practice?

We have mentioned the few traits of good medical billing service providers. If you find those traits in any company, then you avail the service of that without any doubt. These are the traits that make sure you are dealing with the right company. That company will surely be capable of dealing with large billing tasks. 

  • Must have good experience in medical billing services

  • Able to handle pressure or workload

  • Should be a responsive billing company

  • Better and flexible service options

  • Have a strong denial management team

  • Have certified and experienced staff

  • Know the latest version or technology related to the healthcare sector such as your EMR, Clearing house, etc.

  • Should have good reputation with their existing clients

Which are the best medical billing companies?

How much do medical billing services cost?

Now coming to the very important question that is the cost of availing the medical billing services. So, there is no fixed cost of hiring a medical billing services provider. It depends from company to company as well as what part of the billing process you want to outsource. But don’t worry about this aspect too much because you have come to the right place, not only will you find the best company that suits your healthcare practice billing needs but we ensure that you have multiple options to find one within your budget. You can explore the list which we have mentioned about the best medical billing services companies. We are sure you will find the best match with the help of our Client Requirement Analysis Experts. 


Frequently asked questions (FAQ)

  1. Do medical billers or medical coders same jobs?

  2. What is the best software for medical billing?

  3. What are the eligibility criteria to become a medical biller?

  4. What is the cost of medical billing software?

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