Medical Billing Services

Increase Revenue & Efficiency With Neolytix Medical Billing Services

Strengthen your financial operations by partnering with our expert billing teams. Experience a seamless transition toward reduced revenue leakage, cost reduction, HIPAA compliance, and improved patient experience. 

Improvement Guaranteed.

Strengthen Your Revenue Cycle with Our Expert Medical Billing Solutions

At Neolytix, we specialize in optimizing your revenue cycle through expert medical billing solutions. From small practices to large hospitals, we understand the intricate world of medical billing and its critical role in your healthcare organization.

Our dedicated team of experts is committed to simplifying the billing process, maximizing your revenue, and allowing you to prioritize exceptional patient care. With skilled account managers and advanced medical billing software, we streamline everything from electronic claims submission to payment follow-up, ensuring a cost-effective solution that boosts your bottom line.

medical billing services
medical billing process

Improve Your Medical Billing Process with Ease

Experience seamless and efficient medical billing processes with Neolytix. Our dedicated team works hand-in-hand with your healthcare professionals to integrate our expert billing knowledge with your organization’s unique insights. This collaborative effort fosters a dynamic synergy, continuously enhancing and optimizing your billing procedures. We aim to streamline your billing operations, ensuring smoother processes and improved outcomes.

Our Services:

The Key Components Within Our Comprehensive
Medical Billing and Coding Services

Revenue Leakage Analysis

Improvements to Clean Claims %

Detailed Service Level Agreements (SLA’s)

Team/Process Specialization

rpa medical billing

Achieve Next-level Efficiency With HyperAutomation 

  1. Customized Solutions: Tailored in-house automation for precise medical billing optimization.
  2. Automation of Repetitive Tasks: Neolytix Hyper Automation combines RPA and AI for faster, more accurate processes (e.g., claim submission, payment reconciliation)
  3. Reduced Manual Errors, Faster Reimbursement: Hyper Automation minimizes human errors, accelerating reimbursement cycles, improving financial health, and enhancing patient satisfaction.
  4. Proactive Issue Resolution: Identifies discrepancies before they escalate, reducing claim denials and delays, ensuring smoother billing processes for providers and patients.

Advance Reports & Analytics

  1. Custom Reports and Analytics: Leverage measurable performance data and prebuilt integrations with top EMR systems.
  2. Advanced Visualization: Access advanced visualization tools for creating reports and interactive dashboards.
  3. Stay Informed: Monitor key performance indicators relevant to your revenue cycle, enabling proactive decision-making.
  4. Seamless Integration: Enjoy seamless integration with EMR systems, eliminating manual data entry and ensuring data accuracy.
advance report

Transform Your Revenue Cycle: Drive Results with Medical Billing and Coding Solutions

At Neolytix, we are experts in medical billing and coding services. We focus on optimizing the entire billing process for sustained financial growth and operational excellence. 

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medical billing services

Featured Billing Success Story

Your healthcare organization could be next to witness the compassionate expertise of our medical billing teams — like Gemstone Wellness did.

Why Choose Neolytix Medical Billing Solutions?

Our experts are skilled at efficiently submitting claims, ensuring accurate coding, and promptly following up on accounts receivable.
Our team have specialized knowledge in CPT and ICD-10 coding, which helps reduce the number of denied claims.

revenue cycle management services
  • Expertise and Accuracy: Access to specialized skills and expertise in medical billing, ensuring accurate coding and claims submission.
  • Maximized Revenue: Professional billing services are adept at optimizing revenue cycles, minimizing claim denials, and ensuring timely payments.
  • Saves money: No need for staff, training, or overhead for billing infrastructure.
  • Efficiency and Productivity: Streamlines processes, leading to increased efficiency and productivity in the practice.
  • Adherence to Compliance: Ensures compliance with constantly evolving healthcare regulations, reducing the risk of legal issues and penalties.
  • Less billing errors: Uses advanced technology and skilled professionals, resulting in fewer claim rejections.
  • Faster Payments: Accelerates the payment cycle by submitting claims promptly, resulting in quicker reimbursement for services rendered.
  • Scalability: This allows for flexibility to meet the changing needs of the practice, whether it’s growing or seeing more patients.
denial management in medical billing

Go Beyond Billing and Coding and Take Complete
Ownership of Your Revenue Cycle

Create a high-performing collections process synergy with services designed to collaborate and complement
each other to minimize financial losses and maximize the overall patient experience.
Licensing Service
credentialing services
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Eligibility & Benefit Verification

CUSTOMER TESTIMONIALS

Specialty-Specific Medical Billing and Coding Services

Neolytix is a multi-specialty medical billing company in the USA with over 12 years of experience. We assist medical practices nationwide, including Texas, California, New York, Hawaii, and more. Our team is experts in maximizing billing claims payments in all 50 states, securing financial success for our clients.

Frequently Asked Questions (FAQ’s)

Medical billing typically encompasses claim submission, payment posting, denial management, patient billing, and insurance follow-up. Some services may also include coding review and audit services for compliance with coding guidelines and regulations.

Building a reliable expert billing team of medical billers and coders is becoming more difficult. This is due to the ongoing labor shortage in the US.

Finding and onboarding billing staff wastes time and money. Without an expert, cohesive team, the billing process is not as secure as it should be. This leads to providers losing revenue.

In addition, poor coding practices also contribute to a loss in revenue.

Clean claims require accurate coding. Research shows that over 50% of claim denials could be attributed to coding errors.

Loss in revenue is a direct result of improper coding. Coding is always changing, and coders and billers are often too busy to keep up with the changes.

In addition, borderline-burnout physicians may experience EHR difficulties and miss relevant codes or supporting documentation. Expert coders and billers must work together to increase practice revenue. This is why the outsourced medical billing industry is growing at a rate of 12% per year.

Medical billing services can increase the revenue and profitability of healthcare organizations. They achieve this by reducing billing errors, denials, and administrative workload. Additionally, these services improve payment accuracy and turnaround time for medical claims. This allows healthcare providers to focus on providing quality patient care while maximizing revenue streams.

Search for a reputable medical billing service provider with more than 10 years of experience in the industry. Ensure they live up to their promises by investigating their online reviews and testimonials.

Ensure that his company has clear methods for measuring the speed of bill delivery. Additionally, make sure they have effective collaboration with your practice to enhance the accuracy of claims. Lastly, ensure that they possess the necessary knowledge to analyze coding and prevent any loss of revenue.

When selecting a billing company, it is important to consider their use of the latest technology. Additionally, they should stay updated with coding changes. It is also beneficial if they offer additional services such as licensing and credentialing. These services can help improve your revenue cycle.

Contact Neolytix in Illinois for medical billing and other non-clinical services to strengthen your financial future.

Billing services are typically priced based on a percentage of the amount billed, with rates ranging from 4-10%. Some providers may offer a flat fee per claim or hourly billing for certain services. Understand medical billing pricing to ensure it fits your practice’s needs and budget.

Refine Your Billing Strategy

  • What EHR are you using to bill claims to Insurance companies, store patient notes.
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Update Your Medical Billing Knowledge

Read our most popular articles covering every angle of the topic of medical billing