Unlock Seamless Revenue Cycles. Empower Your Practice.
Medical Billing Services
MinoriLabs offers comprehensive medical billing services to simplify medical revenue cycle administration for healthcare providers. Our billing service handles complex claims processing tasks while posting payments and follow-up activities, thus freeing up your time to concentrate on giving exceptional patient care. Our skilled team provides reliable services to handle the entire billing process.
Why MinoriLabs
MinoriLabs has developed a global service delivery model built on solid processes and a strong commitment to quality, aiming for your success. Our expertise in medical billing helps accelerate your service-to-revenue cycle, leading to better cash flow. We also use advanced analytics to offer valuable insights, helping you identify areas for improvement and fine-tune your revenue cycle for sustained growth.
Benefits We Deliver
- Improved Collections
- Quicker Service-to-Revenue Cycles
- Significant Reduction in Accounts Receivable (AR) Days
- Minimizing Unresolved and Aging AR
- Lower Cost of Revenue Recovery
- Reduced Cost of Outstanding Cash
Skills and Capabilities
Deep Billing Process Expertise
Proficient in Medical Coding (ICD-10, CPT, etc.)
Comprehensive Insurance Process Knowledge
Accurate Data Entry and Efficient Data Handling
Advanced Data Analytics and Insightful Reporting
Our Deliverables
Patient Registration
We accurately capture all the necessary details, including patient demographics, insurance information, and contact details, so everything is set up correctly from the start.
Financial Responsibility Verification
We carefully verify the patient’s financial responsibility, checking insurance coverage and co-pays.
Invoice Processing
We generate and manage the care provided, ensuring everything is billed correctly and on time.
Superbill Creation
We create a clear and detailed bill outlining all the services, codes, and fees, making it easy for your practice and patients to understand.
Claims Submission
We ensure that every claim is accurately prepared and submitted to insurance companies, leaving no room for errors.
Claim Adjudication Monitoring
We track the progress of each claim, keeping track of its status and following up on any denials or missing information
Denial Management
If any claims are denied, we work diligently to resolve the issue by providing the necessary documentation and appealing when needed.
Patient Statement Preparation
We generate precise and accurate statements for patients, outlining any outstanding balances and available payment options.
Payment Posting and Reconciliation
We ensure patient payments are posted accurately and accounts are reconciled, maintaining precise financial records.
Collection Follow-up
We proactively follow up with patients on outstanding balances, working with them to resolve payment issues efficiently.
Key Performance Indicators (KPIs)
We track and report on essential metrics like clean claims rate, days in accounts receivable, and collections rate to keep your practice on the right track.
Revenue Cycle Management (RCM)
We optimize your entire revenue cycle, improving efficiency and profitability to ensure smoother operations.
Data Analysis
We dive into billing data to spot trends, uncover areas for improvement, and identify potential cost-saving opportunities that can boost your practice’s financial health.