Top Medical Billing And Coding Companies
Fellow Health Partners: End-to End Customized Billing and Coding Solutions

Top 10 Medical Billing And Coding Companies - 2020

2019 has been an eventful year for the healthcare industry. Over the year, trends and changes such as the shift toward value-based care, increased outsourcing and offshoring by healthcare providers, enhanced patient responsibility for payments, and adoption of technologies such as AI, machine learning, blockchain and robotic process automation have helped shape the industry.

The shift to value-based care, for instance, has increased expectations from patients for their healthcare providers, whether it is in services provided or making the payment experience more seamless and patient-friendly, or having the option to pay larger balances over a period of time. Medical billing too has experienced incredible growth in the use of AI to remove some of the more repetitive billing tasks while improving accuracy. As this digitalization continues to impact the way healthcare organizations operate, smart coding and billing are fast becoming the norm.

When it comes to the medical billing process, there is no denying that there are various challenges such as billing code errors, incorrect filings, unintentional billings, and duplication of processes. But, with blockchain healthcare providers can reduce the number of errors by showing proof after the transactions are completed. This technology ensures data integrity and protects medical organizations’ data including electronic health records, patient health information, monitoring systems data, and claims data. It also stores all the billing records in a way such that they cannot be modified until it reaches the recipient. All data is readily available and saved in a fixed location. Alongside, machine learning and AI will continue to play an increasingly important role in bringing down the cost of healthcare. Machine learning tools will help efficiently interpret every line in a patient’s record and enable healthcare providers to avoid duplicate charges, up-coding, and unbundling related errors. Automated medical billing is another trend that shows immense promise. It can help reduce the risk of error in insurance claims processing by flagging potential errors in advance. This will allow billers to resolve issues proactively and minimize payment delays and denial.

As a multitude of these billing and coding technology trends are set to nurture the growth of the healthcare industry, Healthcare Tech Outlook has compiled a list of ‘Top 10 Medical Billing and Coding Companies – 2020’ and ‘Top 10 Medical Billing and Coding Consulting/Service Companies - 2020.’ The listed organizations are transforming the medical billing and coding processes at the convergence of several disruptive technologies. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CXOs.

We present to you Healthcare Tech Outlook’s, “Top 10 Medical Billing and Coding Companies – 2020.”

Top Medical Billing And Coding Companies

ClaimCare is a 100 percent USA-based anticipatory organization with a laser-like focus on the current technical and human-touch needs of its clients while constantly probing into soft trends that may happen and hard trends that will happen. All ClaimCare personnel participate in on-going training and strong process management to ensure the highest quality services to clients now and in the future. ClaimCare concentrates on specialty and family office-based physicians, along with freestanding facilities like ambulatory surgery centers, imaging centers, infusion sites and others. The company’s impressive billing solutions eliminate the trial and tribulation of in-house billing employees and provide a solid medical billing solution for new practices and facilities

www.claimcare.net

CompuGroup Medical(CGM) provides billing, coding, and various software solutions to ensure that medical institutes can provide their patients with optimum healthcare. For 30 years, the organization has been driven by a single vision: No one should ever suffer or die due to the unavailability of the right information at the right time

www.cgm.com

Fellow Health Partners offers customized office and workflow solutions, billing expertise, customer service assistance, and administrative support to medical practices and facilities

fellowhealthpartners.com

MD Cloud is a digital transformation specialist, that optimizes medical business processes by helping companies move from paper and manual processes to digital processes. MD Cloud offers a comprehensive and completely integrated solution, which encompasses all phases of a patient encounter, including scheduling, data capture, RCM processing, data analytics and reporting. MD Cloud enables providers to effectively and securely capture and transmit billing, quality, and efficiency information to their practice management team. The RCM team can then utilize MD Cloud's back-office tools to improve upon their ability to process this data

www.mdcloudps.com

Mid Michigan Medical Billing Services, Inc. positions itself as a one-stop RCM solutions and service vendors for healthcare providers. Therefore, the company follows a comprehensive three-step process that delivers each of its clients a tailor-made solution and the best service possible. They begin with performing a thorough review of the provider’s current practices, including, but not limited to, coding, billing, front-end collections, front desk practices, and credentialing. Mid-Michigan then sets out to analyze the efficiency and effectiveness of each of these practices, looking at key performance indicators that affect the provider’s revenues. After a comprehensive review is completed, Mid-Michigan begins to customize its services to the specific needs of the practice to improve efficiency, and ultimately, increase practice revenue. These are then implemented into the day to day functions of the practice and are continuously monitored for adjustments that may be needed to achieve maximum success

www.mmmbs.net

Total RCM Solutions helps physicians overcome the legacy coding practices and gain better revenue through enhanced care delivery and improved compliance

totalrcmsolutions.com

Aviacode

Aviacode

Aviacode has been delivering superior medical coding and compliance services to large-scale healthcare systems, individual hospitals, physician groups, surgery centers, imaging centers, and payers for over 20 years. Our certified coders are experienced in facility, pro-fee, and risk adjustment coding for a wide range of specialties. Using innovative technology, our proprietary workflow helps improve coding quality, reduce risk, accelerate the revenue cycle, and optimize reimbursements. At Aviacode, our goal is to find a better way -- building medical coding solutions that maximize revenue efficiency, strengthen cash flow, improve coding accuracy, and enforce coding standards

Coronis Health

Coronis Health

Coronis Health is a group of revenue cycle companies strategically brought together each with their own unique specialty expertise and experience. We started with the idea that no multi-specialty RCM company is an expert in every specialty. It became Coronis Health’s mission to seek out companies with deep experience and success in a specific specialty to join the Coronis family. The result – a new kind of RCM company with teams of experts in over 16 specialties. Coronis Health is built on the foundation of pure performance, transparency and specialization. With over 30 years of experience in healthcare RCM, we've seen it all. We understand the stress and challenges that come with managing your billing and collections process. Most importantly the time it takes away from the reason you became a doctor. Because Coronis takes on the administrative and staffing burden of managing your revenue cycle in house, our clients often see an increase in collections and a decrease in the amount of time it takes to get paid

Imagine Software

Imagine Software

Imagine offers the power of a real-time, institutional-grade portfolio and risk management software solution, and provides clients the choice of full-service on-line accessibility with real-time pricing, security master, corporate actions, derived market data, and 24/7 connectivity or a traditional in-house software installation

Nektar Analytics

Nektar Analytics

Nektar Analytics family of healthcare products help compliance departments better identify who is at risk, where they are at risk, and assist in resolving them.Our breakthrough suite of healthcare compliance products let you easily benchmark your providers and identify the outliers