Cardiology Billing Services
The financial stability of your cardiology practice hinges on efficient billing and timely account reimbursement. With extensive experience in providing cardiology billing services, we understand the importance of choosing a reliable billing service for the business aspect of your practice. It's essential that your cardiology billing company is well-equipped to handle the complexities of cardiology billing and modifiers. Allow 5 Star to provide you with the financial security you deserve. Visit our homepage for more information on our services, references, and other relevant details about our cardiology billing services.
Cardiology medical billing can be more complex than other specialties due to intricate medical procedures. Cardiology medical coders should be specialized in cardiovascular terminology, services, and procedures. They should also be well-versed in general billing procedures and processes, such as modifier application and component coding.
Recent changes to billing and coding regulations have led to fee reductions for cardiologists, with Medicare fees for cardiologists decreasing by about 2 percent each year. To prevent revenue loss due to billing errors and poor coding, it's crucial to have cardiology billing processes handled by experts. 5 Star Billing Services provides error-free, denial-free billing and coding services, ensuring maximum on-time reimbursements for your practice.
What We Do
5 Star Billing Services offers comprehensive billing, collections, and practice management services for cardiology providers. We begin with an initial evaluation of your practice and accounts receivable, making it easy for you to get started and ensuring that you get paid on time. Our expert billing professionals provide services including:
- Full account receivables management
- Quick 12-hour claims processing
- System-based eligibility checks
- Regular coding updates every quarter
- Systematic claims scrubbing
- Management of all billing-related calls
- Frequent quality assurance checks
- Weekly progress meetings and report reviews
- Customized monthly reports
Why Work With Us?
Our certified coders bring years of experience in cardiology practices, equipped to handle coding and billing processes to ensure timely payments and reimbursements. We have expertise in various cardiology sub-specialties, including:
- General clinical cardiology
- Echocardiography
- Interventional cardiology
- Nuclear cardiology
- Surgical cardiology
- Transplant cardiology
Our in-depth knowledge in these sub-specialties allows our billers and coders to meet the demands of diverse cardiology providers. We collaborate closely with your practice to identify areas for improvement and establish optimal billing and coding procedures.
Our cardiology billing service is US-based and fully compliant with HIPAA standards, ensuring the security of your patients' health information. To learn more about what 5 Star Billing Services can do for your practice, call 480-999-0180 to speak with one of our representatives.
Benefits
5 Star Billing Services is equipped to handle practices of various sizes while providing personalized attention to each account. We offer:
- Increased collections and income
- Swift payments and reduced stress
- Constant access to patient data and financial information
- Complete transparency throughout the revenue cycle
- Detailed financial and practice management reporting
Areas of Expertise
Our billing and coding team stays current on the latest changes in cardiology codes and payer requirements, ensuring accurate and timely claim submissions. We also excel in the claims denial process and can swiftly appeal denied claims for speedy reimbursement. Our billers and coders are proficient in:
Complex cardiology billing codes and rulesCardiology-related terminologyOffice notes and operative notes
Coding for surgical proceduresCode variations related to multiple procedure rules
Receivables Management
- Coding
- Billing
- Payer relations
- Patient relations
- Collections
- Client reporting
- Fee analysis
- Managed-care contracts
Your Cardiology Billing Company
A cardiology billing company should enhance your reimbursements, being more efficient and effective than in-house billing. It should allow you and your staff to focus on patient care. A cardiology billing service can increase the profitability of your practice, whether it's a private practice, hospital, or multi-provider facility.
Industry experts consider a claims adjustment rate of 20% to 35% to be acceptable. However, at 5 Star, our account executives, with an average of eight years in cardiology billing, consistently achieve lower adjustment rates - as low as 12% with Medicare. This expertise results in higher AR rates for our practices, ensuring a greater average return per processed claim.
5 Star Billing Services is more than just a claims processing center. We offer a comprehensive suite of benefits and billing services, all for one fee. This includes everything from medical billing services to overnight mail for shipping your demographics, ensuring no hidden costs or additional charges.
Our goal is to provide the highest return on your claims at a competitive price, without sacrificing service or patient support. To learn more, contact us today!
Our Medical Billing Software
5 Star Billing Services utilizes advanced, web-based medical billing software that seamlessly integrates with your organization's data. We can also work with your existing billing or practice management software, as our specialists are experienced with most major systems, including Medisoft, Practice Admin, Lytec, Eclipse, AdvantX, and more.