Outsourcing your billing allows you to get rid of the administrative work load and be able to concentrate solely on your competencies i.e., providing quality medical care. It is also extremely cost effective than in-house billing. Higher costs are incurred in maintaining staff, office space, storage, and software while collecting lower percentage of claims than compared to the dedicated billing services that not only save time but improve collection by 10% on an average practice.
Monthly reports are shared and discussed with the physicians and selected staff members, allowing the practice to have a clear view of their billings and collections. We maintain complete transparency and even provide custom reports for those practices that require them.
Y & Z Billing ensures that you no longer have to worry about billing staff, providing office space or computer software. We try to the keep the documentation as minimal as possible and encourage practices to solely focus on what they do best that is provide medical care, while we handle their patient inquiries and take care of hiring, training and supervising the personnel required for billing and performing the administrative work.
To avail our services all you need to do is send us your work either by scanning and uploading or by mailing it to us. For providers convenience we pick up billing from their office on a weekly basis and also answer any questions they have at the same time. From demographic data entry to filing claims to handling patient enquiries, Y & Z Billing takes care of everything.
Depending on the existing software you use, we might be able convert your data into our system if your software can export all its data to an electronic format. If not, we may be able to enter it manually if your existing software can print reports of patient demographics and receivable. However, we do charge a fee for this service.
While our fees vary depending on your specialty, practice size and whether or not you scan your documents, the initial set up costs $250.
Yes, we need billing sheets and face sheets for hospital patients. If you are not using EHR then we also need the super bills and demographics info for office patients to be sent to us.
For posting payments you will have to send us your EOBs and stubs from the patient bills. Co-payments will be posted from the information contained on the Encounter Sheets.
Neither of these situations will hamper your work. As long as you can manage to send us your documents, we will ensure that your work is done.
Claims are submitted electronically and on a regular basis. We also mail claims in case an insurance company does not accept electronic submissions. All submissions are closely monitored for denials and eligibility issues.
Yes, we are fully compliant to HIPPA law and regulations and do keep track of all the new code and regulatory changes.
We keep track of all changes in codes and regulations. Whenever changes are made, you will automatically receive a software update.
We have over 10 years of experience in this industry and boast a 95% success rate on reimbursements. We provide accuracy and guarantee that only clean claims are submitted the first time around. Our innovative software and specialized services solutions quickly drive significantly improved results like nobody else.
No. Pick up service is provided for the information that is required for processing claims. A superbill can be picked up at your location, sent by mail, faxed or delivered by a professional carrier.
Y & Z Billing is known for maximizing revenue of its clients. Our innovative software and systems are designed to get your payments faster, prevent rejections, track claims efficiently and follow-up on unpaid claims without delays. We can improve your cash flow significantly by eliminating overhead expenses and maximizing your insurance claims in the shortest possible time.
Not at all. Once we receive the provider enrollment form back from the practice, we normally have them set up within 6-7 business days.
We maintain a close follow-up on all your receivables in order to reduce uncollectable accounts.
Yes, our team of experts use the latest technology that can efficiently handle multiple physicians and specialties within a single practice.
The average time to collect on electronic reimbursement is between 14 to 21 days.
Yes we can. Information with out of town clients is exchanged through fax, telephone, e-mail or through commercial carriers.
We do not charge any renewal or licensing fees. However if you relocate, we ask that you inform us so we can update our records.