If you’re looking for a quality, professional and the best medical billing companies in Chicago area, there are several great options to choose from.
Some services specialize in Medicaid billing, others on claims reimbursement, still others in licensing and credentialing.
Some are large companies with copious resources; others are small boutique firms that handcraft solutions just for you.
Which is right for your practice? Read on to find out!
Table of Contents
What is a Medical Billing Company?
In short, a medical billing services company is an external company that assists healthcare providers in the process of submitting and following up on claims to insurance companies in order to receive payment for rendered medical services.
These companies handle administrative tasks such as coding, submitting claims, or revenue cycle management to prevent revenue leakage and improve incoming revenue streams. The services offered, whether individual, bundled, or all-encompassing solutions, differ from company to company.
The 4 Best Medical Billing Companies in Chicago
Google reviews score: 4.7 (33 reviews)
Founded in 2012 and headquartered in Northbrook, Neolytix is a niche service provider for all forms of non-clinical management services for healthcare practices of all sizes, regardless of where they are in the practice life-cycle.
Neolytix is a Management Service Organization (MSO) providing both a-la-carte services and all-encompassing solutions for every non-clinical aspect of a healthcare practice and is known for their flexibility and adaptability.
Along with Practice Tech Solutions, the digital marketing wing, Neolytix work with single- and multi-provider practices across numerous areas of specialty and offer services such as:
- Benefit verification
- Medical Billing
- MSO Services
- Digital Marketing
- Regulation and Compliance
- Improving Patient Experience
- Finance and Accounting
- Healthcare Recruiting
According to one Google review, “Neolytix has reduced the burden of insurance billing and work as an extension of our team … [they] understand what needs to be done and [are] always willing to jump in and help resolve any billing issue.”
Another added that “working with Neolytix Consultants has been an amazing and rewarding process. They came in and helped reorganized the company from the front desk reception to the billing department. They are a great multifaceted company that cares about the company as well as its employees.”
The other big advantage to working with Neolytix is that they offer various solutions specifically focused on medical practices. Which means less time trying to find good service providers and more time being productive and getting stuff done.
Whatever your practice needs, Neolytix have the capabilities to develop a custom-made solution just for you.
Physician Revenue Solutions (PRS)
Google reviews score: 5 stars (6 reviews)
Located in Buffalo Grove, just a few miles north of Chicago, Physician Revenue Solutions is known for its professional staff and state-of-the-art services.
While PRS assists clients with a wide variety of areas and services, they are particularly well-versed in revenue cycle management. They specialize in collection processes to ensure that your practice will be able to serve patients while maintaining strong financial health.
They promise to process medical claims faster than any other company and maximize financial returns. Their team will check that all schedules and fees fit within contractual agreements and ensure that accurate and complete claims are submitted on time, every time.
Reviewers have repeatedly noted PRS’s revenue cycle management chops. “Very fast turnaround time is what sets them apart from our previous billing companies,” one reviewer noted. “Claims are getting paid and the money is coming in much faster. Highly recommend to anyone looking to outsource their medical billing and improve cash flow.”
PRS also offers medical billing, coding, credentialing, and reporting services. They the expertise to manage every nuance of physician billing while keeping track of medical coding and billing regulations.
Premier Medical Billing Services
Google reviews score: 5 stars (9 reviews)
Since its inception, Premier Medical Billing Services has helped many a medical practice boost staff productivity, weed out needless paperwork and overhead costs, and enhance revenue.
Premier handles your whole monthly billing process from start to finish. Every part of the claims process, from submitting claims to patient statements to payments, are done with expert attention and precision.
They promise that all unpaid claims will be identified and handled with 45 days of non-payment. They even assign a dedicated account representative for each client they work with.
Their monthly billing services include, among other things:
- Claim Scrub
- Paper and EDI Claim Submission
- Claim Corrections and Appeals
- Payment Posting and Application
- Patient Statements
- Soft Patient Collections
- Accounts Receivable Management
- Data Maintenance
Reviews have backed up these services. “It’s a great satisfaction to know that I have an excellent company on my side. The support and professionalism [are] phenomenal. Claims are always filed in a timely manner and the communication with office staff is excellent.”
Google reviews score: 5 Stars (3 reviews)
Medorizon (that’s short from “Medical Horizon”) is a UnisLink company that offers a full suite of products and medical billing solutions. They emphasize value-based payment models and can help you with revenue cycle management, population health management, or both.
Medorizon has the capabilities to jump in and solve specific problems without interrupting the normal workflow work of your practice. They provide fully integrated solutions that promise to work with your existing EMR and other systems.
“Their staff and management are attentive, flexible, and we’re happy to work with them!” one reviewer noted. “I would highly recommend them for their billing services.”
Additionally, Medorizon offer a comprehensive “Value Based Success Model” that includes a full slate of medical billing and coding services. However, they’re strong believers in and will let you pick and choose exactly the services your practice needs.