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Do you need a Medical Billing Company in NJ? Aurus is one of the most competent Medical Billing Consultants in New Jersey. 

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Do you need a Medical Billing Company in NJ? Aurus is one of the most competent Medical Billing Consultants in New Jersey. Outsourcing Medical Billing and Revenue cycle management services can boost up your profits, increase the Medical Billing and Collection in NJ. the efficiency of your firm, and reduce unnecessary expenses in salaries, capitals, or other costs.

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10 Benefits Of Outsourcing Revenue Cycle Management Service in 2020

Revenue Cycle Management (RCM) is a monetary process that takes virtual medical billing into account to keep a track on patients from registration, via appointments, until the date of the final payment. Everything is done keeping the health care facilities in mind. An organization operates financial processes and the patients’ needed treatments by means of the RCM. The stages of a Revenue Cycle are provision and documentation of service, charge establishment, claim preparation and submission, and finally receiving the payment.

In this year, 2020, the whole world is facing a Global Pandemic and the sector which is under peer pressure is the medical sector. Outsourcing Medical Billing and Revenue cycle management services in New Jersey. especially now, has become extremely essential in order to maintain a steady medical administration.

We have enlisted some of the most vital points on why you should consider the Revenue Cycle Management Service this year, for your better help.

First, EARNEST PATIENT CARE. Change is the only constant, especially in the medical industry. By Outsourcing RCM services it becomes easier for the medical professionals to give better patient care, keeping in mind the fulfillment of the compliance policy.

Second, LESSER WORKLOAD. When an organization goes for Outsourcing RCM services, it delegates a major load of work. Naturally, the work that is left for the organization to do is way less than what it used to do before, thus requiring lesser employees. With an organized set of core staff, the organization will tend to invest more time and money to elevate a better focus on medical practices. Always choose your outsourcing partner from the Top 10 Medical Billing Companies in the USA.

Third, ENSURED REIMBURSED PAYMENT The billing agents are always on their toes to guarantee your reimbursed pay on time. RCM helps determine all the necessary information regarding patient enrolment, insurance status, diagnostic documentation, etc. It ensures absolute error-free services. It also ensures optimized reimbursements.

Fourth, SMOOTH FLOW OF CASH Outsourcing RCM in Billing is interconnected with efficient software solutions. Only after successful documentation, the major steps like medical billing, insurance verification, AR collection are fulfilled within 48 hours. This in return ensures a smooth cash flow. The doctors can ensure a better focus on learning after being free of the pressure of administrative authorities. The smooth cash flow is ensured yearly as well as monthly. Aurus provides the best Medical Billing and Collection services in NJ.

Fifth, MINIMIZED ERRORS IN BILLING RCM services when outsourced is performed by highly efficient staff and best-updated technologies. An error-free work mechanism will increase the weightage and goodwill of your esteemed organization. Enlist the Top 10 Medical Billing Companies in the USA.

Sixth, AVOIDING IN HOUSE BILLING In the house, billing has proved its inefficiency many a time. It disrupts the smooth working of the medical centric administrative structure. It ensures complaisance at work. The Outsourced RCM takes up all the responsibilities regarding the regulatory functions, payer policies, etc. Make sure you find the best Medical Billing outsourcing companies for that purpose.

Seventh, DRAMATIC IMPROVEMENT IN PROFITS Profits as well as the efficiency of the medical firm will shoot up dramatically if they Outsource the RCM services. Doctors will then have sufficient scope to fully dedicate themselves to healthcare betterment. A Revenue Management Team of professionals can help a medical firm in so many unimaginable ways! Outsourced RCM also establishes upgraded transparency and better control.

Eighth, REVENUE RISE Outsourced RCM helps you get all the payments that you are legally entitled to get. It further helps you curtail excessive expenses used for better research, analysis, development using the best technologies. All of this gives rise to enhanced revenue.

Ninth, MINIMIZED COST and CAPITAL In-house, RCM can prove to be pretty pricey as well as hazardous. It needs a set of devoted staffs with sufficient training and vision regarding RCM. It also requires capital for infrastructure, technology, etc. Curtailing this in house RCM can further stimulate your profits as well as help you track your revenue effectively.

Tenth, EFFICIENT A/R ENTAILMENTS Outsourced RCM services ensure efficient Account Receivables (A/R). A/R is crucial and in return helps the medical professionals to give more focus to patient treatments. Outsourcing RCM services to a team which holds special expertise in Account Receivables, and has experienced similar cases for a long time, can prove extremely beneficial for your medical firm. You will be served with skilled policy handling and a smooth flow of payments.

Do you need a Medical Billing Company in NJ? Aurus is one of the most competent Medical Billing Consultants in New Jersey. Outsourcing Medical Billing and Revenue cycle management services can boost up your profits, increase the Medical Billing and Collection in NJ. the efficiency of your firm, and reduce unnecessary expenses in salaries, capitals, or other costs.

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In-house Medical Billing and Revenue Cycle Management Services New Jersey can prove to be pretty pricey as well as hazardous. It needs a set of devoted staffs with sufficient training and vision...

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Looking for Top 10 Medical Billing Outsourcing Companies In New Jersey, USA? We provide one stop solution to all your medical billing requirements.

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How To Choose The Third-party Partner For Revenue Cycle Management

In-house Medical Billing and Revenue Cycle Management Services New Jersey can prove to be pretty pricey as well as hazardous. It needs a set of devoted staffs with sufficient training and vision regarding RCM. It also requires capital for infrastructure, technology, etc.

Especially in this year, 2020, when the whole world is facing a Global Pandemic, the sector which is under peer pressure is the medical sector. Outsourcing RCM services has thus become extremely essential in order to maintain a steady medical administration. You must search for efficient Medical Billing and Outsourcing Companies in New Jersey.

RCM services when outsourced is performed by highly efficient staff and best-updated technologies. It includes flawless medical billing and coding. An error-free work mechanism will increase the weightage and goodwill of your esteemed organization.

We will lay down certain factors that you should always keep in mind while choosing a third party partner for outsourcing revenue management services.

First, PERFORMANCE IS THE KEY! If your partner can ensure that the KPI’s are successfully met, only then you should issue the payment. The Third Partys’ have a performance-based fee structure. So, performance on time must be the first thing that you should look for in the Third Party. The Key Performance Indicators (KPI) always tell the truth. It will clearly show you whether your organization is meeting its goals or not. Keep an eye on the KPI, and accordingly invite the Third Party Partner.

A good partner will always serve you with quality Return of Investment. (ROI) Moreover, the better a performer, the lesser is the Turn around time (TAT). An efficient performer will also work on patient engagement to ensure smooth cash flow, as well as boost the overall profitability of your organization.

Second, DENIAL MANAGEMENT STRATEGIES – A MUST HAVE! The goal of Denial Management is to look into every unpaid claim. The Denial Management team makes a linkage between individual payers’ code and common denial reason codes. This in return helps expose vulnerabilities in sections like Billing, registration, documentation, medical coding, etc. These vulnerabilities are then taken care of by the RCM team in order to avoid further denials in the future and to ensure swift approval of claims. Therefore, a partner who cannot handle denials efficiency can never fully contribute to the profitability of your organization.

Third, CREDENTIALS & CERTIFICATIONS. You need to check whether the coders and billers of your outsourced partner hold valid certificates or not. You should look for the coder’s certificates from places like Office of the National Coordinator for Health Information Technology Authorized Testing and Certification Bodies (ONC-ATCB), Electronic Healthcare Network Accreditation Commission (EHNAC), etc. The person must be a Masters or Bachelors in Healthcare Administration and Management. No doubt there is much software that ensures flawless coding, yet you need to make sure you have a skilled coder with whom the software compliments. The same goes for billers. Moreover, you should discourage manual medical billing, and always opt for the e-billing mechanism to minimize errors.

Fourth, DETAILED REPORTING The devil is in the details. When you have planned to Outsource RCM services, you must find the partner who can ensure you comprehensive and meticulous reporting, which is a must at every stage of a successful RCM. It is extremely important that the KPIs must be precise.

The report should at least have an A/R analysis, categorical account divisions of providers and payers, outstanding A/R payee list, list of causes of claim denials, etc. In short, the report must be capable of highlighting the vulnerabilities of the organization, so that they can be mended, ensuring maximized profits. The Outsourced Partner must have a competent reporting system that can provide real-time financial whereabouts.

Fifth, RISK PREDICTABILITY Risk predictability is such a skill that comes only with experience and expertise. It is thus a solid factor by which you can accurately judge a third party before outsourcing. The one with a competent security mechanism should be entrusted.

Sixth, TRUSTWORTHY SERVICES AT A REASONABLE PRICE Always compare the price of the RCM services and then only make a deal. These third-party partners should ideally charge around 5-9% of your total collection. You must always have a transparent understanding of the services you are being offered and at what cost. You can negotiate with practicality. Always keep in mind that initially, you chose to Outsource RCM primarily to save money and hazards. Therefore spending solely within your budget is extremely necessary.

In a nutshell, Outsourcing Medical Billing and Revenue Cycle Management Services to the most efficient Third-party Partner can boost up your profits, increase the efficiency of your firm, and reduce unnecessary expenses in salaries, capitals, or other costs.

Do you need a Medical Billing Company in NJ? Aurus is considered as one of the best Medical Billing Consultants in New Jersey. They are best at providing Medical Billing and Revenue Cycle Management Services New Jersey. Prioritize the partner based on the above-mentioned factors. Take the Top 10 Medical Billing Companies in the USA to choose from. Choose wisely.

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With ever increasing compliance and changing healthcare landscape, we wanted to offer physicians a choice to have a medical practice that is ahead of time, fulfill all their requirements, is technologically advanced, maximizes their ROI and makes best use of their time and use resources optimally all under one roof without having to deal with multiple services providers to efficiently manage the practice. Towards this goal, Aurus Consulting came up with a model that would be of tremendous help, a game changer, in terms of cost and time management for physician practices that would allow them to concentrate their efforts on core functions of patient care and maximizing reimbursements, thereby eliminating all distractions and non-core functions. With this vision and goal in mind, we developed a whole bunch of ecosystem of products and services with our partners that we can offer at best price points without compromising on quality. We therefore started offering our consulting services to jumpstart practices with latest reimbursement strategies, tools and knowledge that saves time and cost for practices of all sizes. Our domain expertise across specialties makes us the first choice to take your practice to the next level. Now practices can spend more time on quality healthcare and customer care needs rather than being burdened on noncore activities.

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Aurus Medical Provides turnkey RCM technologies and services for Medical Billing to experience financial improvements and valuable results.

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How Smarter Medical Collections Can Improve Your Practice’s Finances

Revenue collection management is one of the important tasks of medical service providers in addition to providing patient care. Medical billing rules are becoming complicated day by day so what steps should a medical provider follow to improve his collections. Well, some smart steps can help the medical providers to handle their revenue collection management services. Read here to know about the ways that can help you to increase your medical billing collections.

Smarter Ways To Increase Medical Billing Collections :

Transparency and Patient Education- It is the most important thing that you should be transparent about the services that will be provided to the patients and also the correct amount they will be required to pay at each stage. A clear approach helps the patients to calculate their expenses and make arrangements for payment.

Simple Payment Options- The payment option you are providing to the patients must be simple and not complicated. Also, you should have all types of payment options for patients like online payments, cheques, etc.

Payment Plans- Many times the amount to be paid by the patients is so huge that they are unable to pay all of it at once. In such cases, you can offer different payment plans to the patients so that they can pay the amount in installments.

Follow-ups- It is advisable to keep following up cases with overdue payments. If necessary you should also contact the patients for their payment.

Hire a Medical Billing Company- One smarter step towards increasing your medical billing collections is to hire a medical billing company. These companies have experience in handling the billing process and can help you in streamlining your billing process.

Are you also looking for a Medical Billing Company in NJ to improve your practice’s finance? Reach out to Aurus Medical which is a medical billing and collections services provider with an experience of 25 years in the field. We have professional billers and coders to take care of your billing process. We cover everything from determining the insurance eligibility of the patients to the final claim submission. We also have a powerful claim denial and appeal management system that focuses on claim denials and also to appeal at all levels wherever possible. So, if you also want to improve your medical collections, contact us today!

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Our Experts specializes in providing Dental Insurance Billing & Collection, Credentialing and Insurance Verification Services to dental offices

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Medical billing is one of the integral parts of the healthcare system. All the medical services providers are today facing a major challenge of getting paid for the services rendered by them to the patients. This is because either the patient is incapable of paying the charges or his insurance claim gets rejected or may be any other financial reason. If we talk about the USA, many medical providers are facing revenue losses due to one or the other reason. Now, the question arises: how can medical providers increase their collections? A simple answer to the question is connecting or hiring an experienced Medical Billing Company in New Jersey. These companies have experience in handling the billing process and also make the entire process very transparent and organized which leads to an increase in your collection rates. Let us here discuss how an experienced medical billing company can help you in increasing your collection.

What Experienced Medical Billing Companies Do?

Enroll Patients- An experienced medical billing and collection services company will enroll patients into the practice management system for billing for capturing all the required information of the patients correctly. In this way, the chances of missing any information become very few.

Verify- An experienced medical billing company has experts who verify the eligibility of the patients that whether they are eligible to pay for the services provided to them or they can claim for insurance for the services rendered or not. These experts verify the eligibility of the patients on each visit. This ensures the eligibility of the patients and results in increased collection rates.

Medical Coding and Billing- Medical billing and collection services provider companies have coders who are experts in medical coding. As most of the claims are rejected due to errors in medical billing, it is important to have experienced coders. So, hiring a medical billing company will eliminate your problem of medical coding and billing.

Payment Posting- Experienced medical billing companies successfully interpret and post payments from insurances and patients. They have a trained team that ensures that each and every item is checked and no money is left behind.

Accounts receivable collections- Experienced medical billing companies offer high-quality AR collection solutions to eliminate the collection issues of the medical providers.

Month-end Reports- Medical billing companies provide month-end reports by analyzing your patients and billing data. A proper data regarding your performance can help you in determining the issues that should be taken care of. This will ultimately result in increased collections.

Provide Training Opportunities- A medical billing company will keep you informed about the new practices and codes that you should use in medical billing. Staying up to date with the latest technology can be very beneficial for you.

Why Choose Aurus Medical For Outsourcing Your Medical Billing?

If you are looking for an experienced billing outsourcing company in the USA then Aurus Medical is the right company for you. Aurus Medical is well known to provide the best medical billing and collection services with an experience of the past 25 years. The company provides services like fast claim submission, insurance eligibility verification, reimbursement specialists, follow-ups, management of accounts to collections, online payment portal, appeals at all levels, monthly review of accounts, etc. Aurus also specializes in providing medical billing services on various EHR software platforms like Epic, Greenway, eClinicalWorks, Athenahealth, Allscripts, Centricity, and NextGen. The company also has a proper denial management system to check why a claim has been rejected and to appeal for it. So, what are you waiting for?

Contact Aurus Medical today to ensure that you get accurate and fast payments for your services.

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Looking for best medical billing outsourcing company ? Aurus Medical is here. We provide one stop solution to all your medical billing requirements.

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Get the latest update on Best Medical Scribe Company in New Jersey. Medical Billing Outsourcing Companies. Medical Billing and Collections Services.

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Our Experts specializes in providing Dental Insurance Billing & Collection, Credentialing and Insurance Verification Services to dental offices

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Searching Medical Billing and Revenue Cycle Management Services company in NJ. We are experienced medical practice management company in New Jersey.

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Collection & Billing methods can increase Your Practice's Medical Billing Collections. We have highly experienced Medical Billing Company In NJ.

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Medical Billing in NJ is an integral part of the healthcare system but medical providers today are facing challenges in getting paid for their se...