Ophthalmology Billing Services
The financial health of your ophthalmology practice is closely linked to efficient billing and timely reimbursement. With years of experience in ophthalmology billing services, we understand the importance of choosing a quality billing service for the business side of your practice. It's essential that your ophthalmology billing company has the expertise to navigate the complexities of ophthalmology billing and modifiers. Let 5 Star provide you with the financial peace of mind you need. Visit our homepage for more information about our services, references, and other details about our ophthalmology billing services.
Benefits
- Enhanced collections and income
- Quicker payments and reduced stress
- Constant access to patient data and financial information
- Full transparency throughout the revenue cycle
- Complete financial and practice management reporting
- Confidence in professional billing management for increased reimbursements and income
Comprehensive Ophthalmology Billing, Collections & Practice Management
- 5 Star offers extensive ophthalmology billing services and collections.
- We include an initial evaluation of your practice and accounts receivable.
- Getting started is easy, and we're committed to ensuring you get paid.
- Our Certified Professional Coders ensure maximum reimbursement.
- Our computer systems and software are tailored for ophthalmologists.
- We include patient input, statements, and follow-up in our service.
- Comprehensive electronic claims and AR management are part of our package.
Areas of Expertise
Ophthalmology Billing and CollectionsProactive collection methods with insurance companiesEnsuring maximum reimbursement for your servicesOutstanding customer service for you and your patientsEfficient communication between you and 5 Star
Claims Submission
Claims are submitted electronically, ensuring accuracy and speed. Our Certified Professional Coders are on staff, and we provide remote access to all your patient data. You can view patient balances and transaction history, receive detailed end-of-month reports, and patient statements are sent out at least once a month.
Receivables Management
- Coding
- Billing
- Payer relations
- Patient relations
- Collections
- Client reporting
- Fee analysis
- Managed-care contracts
Your Ophthalmology Billing Company
An ophthalmology billing company should not only increase your reimbursements but also be more efficient and effective than in-house billing. It should allow you and your staff to focus on practicing medicine. Whether you're in a private practice, a hospital, or a multi-provider facility, an ophthalmology billing service can significantly enhance your profitability.
Industry experts consider a claims adjustment rate of between 20% and 35% as acceptable. However, at 5 Star, our account executives, with an average of eight years in ophthalmology billing, consistently achieve lower adjustment rates, sometimes as low as 12% with Medicare. This expertise leads to AR rates that are above the industry average, meaning your practice will enjoy a higher 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 services. Our state-of-the-art billing system accurately codes and submits claims electronically, allowing for payments to be received in as little as ten days, a significant improvement over the usual three-month timeframe.
Reducing Your Expenses
Our clients experience reduced office expenses by using our services and software. All that's needed is a PC with internet access. Our practice management software is comprehensive and included in our standard service, with no additional fees for updates or support, and no hidden costs.
5 Star Billing Services stands out in the field of ophthalmology billing. We provide a complete business solution for your medical billing and practice management needs, all for one fee. This includes all services and benefits, even covering the cost of overnight shipping for your demographics.
Our fees are below the national average, and our goal is to provide the highest return on your claims at a competitive price, without compromising service or patient support.