Medical Billing Services Frequently Asked Questions
What Is the Medical Billing Company's Name?
How Long Has ProMD Medical Billing Been in Business?
What Is the Average Time the Company Has With Their Clients?
What Is the Cost of Medical Billing Services?
What Is the Cost of Medical Billing Services?
The cost of medical billing services consists of a percentage of the total monthly receipts from insurance, third-party payors and patients. Our fee depends entirely on successful payment collection for your medical services.
Are There Any Start-Up Fees?
Does ProMD Medical Billing Charge Termination Fees?
How Many Clients Is the Company Currently Servicing Overall?
We currently serve 60+ clients. We service the whole of the United States of America, but 90% of our clients are in Florida, followed by New York, New Jersey and Maryland. As a medical billing company, our top five specialties include:
- Perinatal medical billing and coding.
- OB/GYN medical billing and coding.
- Infectious disease medical billing and coding.
- Gastroenterology medical billing and coding.
- Orthopedic/orthopedic surgery medical billing and coding.
How Are Client Accounts Managed by Company Staff?
Are There References Provided That We Could Contact?
What Electronic Medical Record (EMR) and Practice Management (PM) Software Systems Do You Work With?
Our medical billers perform various services, such as:
- Medical coding
- Claims submission
- Payment posting
- Follow-up calls
- Statement processing for patients, as well as sending statements to your patients
- Management of denied claims
- Report and analysis of monthly billing performance for your business
Is the Company a True Revenue Cycle Management Company That Provides Complete Medical Billing and Collection Services?
ProMD Medical Billing is a full-service medical billing services RCM company. Our services include:
- Charge capture for medical billing
- Claims scrubbing for medical billing
- Claims submission for medical billing
- Insurance payment posting
- Denial management
- Insurance claims follow-up
- Patient statements
- Key performance indicator (KPI) reporting and analysis
We also offer other RCM services, including medical practice assessments.
Are There Services the Company Does Not Provide That Would Be an Add-On Fee?
Yes. We offer additional services such as physician credentialing and physician insurance contract negotiation. We understand the importance of a physician’s qualifications needing to be verified, especially for compliance with insurance companies. The process can be time-consuming and complicated and involves significant admin, paperwork and documentation. Our physician credentialing services can assist you with:
- Gathering the required documentation and information you must have for verification.
- Verifying your information and credentials.
- Assisting you with your Council for Affordable Quality Healthcare (CAQH) application.
- Following up with your insurers.
- Providing additional guidance and support for the process.
- Negotiating your contracts.
Do Clients Have Access to All the Billing Information and Reporting?
What Monthly Reports Are Provided, and How Often?
Can Clients Customize Reports Based on Their Needs?
Yes, our monthly reports are customizable. We can personalize your monthly reports based off of:
- Report type and frequency: Receive customizable templates for different report types, and choose
your preferred frequency of reports – schedule them for a specific date each month, or choose on-demand reports. - Data filters and parameters: Get reports based on date ranges, specific patient demographics (like
age and gender), service types or categories, and type of payer (insurance companies or patient cash). - KPIs: See customizable metrics such as claim denials and payment turnaround times, and get specific
KPIs based on your requirements. - Visualizations and charts: We can include imagery such as bar graphs and pie charts and offer
custom visualizations to highlight specific trends. - Detailed versus summarized information: Customize the level of detail by choosing summarized
reports or detailed line items. Physician annotations will also be included. - Client-specific branding: Your reports can include logos and branding elements and customized
headers and footers. - Access and distribution: Choose your preferred method for report distribution, such as email,
secure online portal or postbox. You can also set permissions for report access and determine who can view or
download the reports.
How Would the Company Describe Their Communication With Clients?
What Training Does the Company Staff Receive to Keep up With Billing Rules and Guidelines?
Is the Company Utilizing the Most Recent Guidebooks and Resources — CPT, ICD-10 and HCPCS Software?
Current Guidebooks and Resources
- Current Procedural Terminology (CPT): We employ the latest edition of CPT codes, which are
essential for describing medical, surgical and diagnostic services accurately. We provide regular updates and
training sessions to our team to stay abreast of any changes or additions to the CPT codes, ensuring precise coding
and billing. - International Classification of Diseases, 10th Revision (ICD-10): We use the most up-to-date
ICD-10-CM (Clinical Modification) for diagnosis coding and ICD-10-PCS (Procedure Coding System) for inpatient
hospital procedure coding. We offer continuous education and resources to ensure our coding staff is proficient in
the latest ICD-10 updates, improving accuracy in documenting patient conditions and procedures. - Healthcare Common Procedure Coding System (HCPCS): The HCPCS Level II codes classify products,
supplies and services not included in the CPT codes, such as durable medical equipment, prosthetics and outpatient
hospital services. Our team regularly reviews updates to the HCPCS codes to ensure compliance and correct
reimbursement.
Software and Technology
- Updated coding software: We utilize state-of-the-art coding software that is regularly updated to reflect the most current coding guidelines and resources. This software includes features for automated updates, error checking and compliance alerts, ensuring coding practices align with the latest standards.
- Electronic health records (EHR) integration: Our systems integrate with EHR platforms, allowing for seamless updates and real-time access to the latest coding resources. This integration supports accurate and efficient coding processes, minimizing errors and maximizing compliance.
Training and Continuing Education
- Ongoing training programs: We provide continuous training programs for our staff to keep them
updated on the latest changes in CPT, ICD-10 and HCPCS codes. We regularly offer workshops, webinars and
certification courses to enhance the skills and knowledge of our coding professionals. - Resource libraries: Our company maintains an extensive library of the latest coding manuals,
guidelines and reference materials. These resources are easily accessible to our staff, supporting accurate and
innovative coding practices.