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4 Great Benefits of a Medical Billing Outsourcing Company

Neolytix offers HIPAA-compliant medical billing services with professional expertise and friendly, convenient service.

Our team of industry specialists are well-versed in coding, credentialing, enrollment, and billing.

There’s no assembly line here; all of our medical billing solutions are handcrafted with your practice in mind. Our #1 goal is to help your practice thrive.

Streamline and maximize your collections. Call us today!

Medical Billing Outsourcing Company

The Neolytix Advantage: Services That Deliver

Neolytix is a results-oriented medical billing outsourcing company. We guarantee consistent, expert results every month.

results-oriented

Results-Oriented

We don’t just set up goals; we deliver them, every time. Our trained staff and established, proven processes will handle all your billing with professionalism and care.

Technology That Delivers

We leverage cutting-edge technologies, as well as various third-party tools, to maximize efficiency at all stages of the medical billing and collections process.

Coding Expertise

Do you hate coding? Worried that improper coding might be leaving money on the table? It can and does happen! We’ll provide certified coders to make sure you get it right the first time.

Faster collections

Faster Collections

We’ll streamline your office billing processes and make them work better for you. We provide coaching for your staff to guarantee speedy collections of all cash and claims sent to carriers.

Did You Know?

You must be fully credentialed with insurance carriers before receiving any payment.

Benefits of Hiring a Medical Billing Outsourcing Company

Medical billing is an essential part of the healthcare system. It’s how we ensure that every trained medical professional gets paid on time and every patient is properly covered by their insurance.

Unfortunately, medical billing is also extremely complex. If you’re a medical professional, billing and coding are not at all what you’ve been trained in. Additionally, bad medical billing can have serious consequences.

The benefit of hiring a medical billing outsourcing company is that it lets you reclaim control of your practice. Your patients should always be your top priority, not billing or coding.

Benefits include:

  • Peace of Mind: We verify all records and keep a thorough list of bills, deadlines, and documents. We do this so you don’t have to.
  • Optimized Cash Flow: Did you know that 10–30% of medical claims are not paid on their first submission? This results from incomplete information, improper coding, or any number of other reasons. We’ll optimize your cash flow and ensure you and all your providers get paid on time.
  • Time Efficiency: The more time you spend on billing, coding, and other things outside your area of specialty, the less time you have for your patients. We’ll free you up and make sure your valuable skills are put to good use.
  • Reduced Overhead and Liabilities: Proper medical billing requires advanced IT equipment, modern software, and all the additional staff and training needed to operate them. This involves significant money, time, office space, and extra liability. By outsourcing your billing, you’ll skip all this hassle and maybe even save some money in the long run.

We’re experts in our field; you’re the expert in yours. So please, let us handle the paperwork. We’ll take care of the billings and let you focus on what really matters—your patients.

Hybrid Billing

Neolytix recommends a hybrid billing model for most of our clients.

Hybrid billing is when both onshore and offshore resources are used to perform various billing tasks.

  • In most hybrid models, onshore services do the complex aspects of billing such as checking claims and reviewing errors. The bulk of transaction processing work, such as claim entry and payment posting, is then outsourced to offshore services.
  • Often, there will be a local point of contact who services your account and answers any billing questions you or your patients may have. Your contact person will train offshore teams, check for errors, and provide a quality check safety net for your billing.

Depending on the volume of collections, the rate of hybrid services ranges from 3% to 5.5%. Minimum charges also vary by volume of collections. Usually they fall between $850 and $3,500 per month.

Medical Billing Outsourcing Company

Getting Started

Transitioning to a new billing service is a pain. Trust us, we know.

That’s why our Customer Success Team is here to help! We offer:

  • A dedicated transition manager to make the process quick and easy.
  • Shorter lead times for implementation
  • Help with conversions
  • Dedicated US-based account managers
About Neolytix

Medical Billing Outsourcing Company

How Does It Work?

We truly care about our clients and work hard to cultivate meaningful, long-term relationships with small practices across the country.

We would be proud to be a valued adviser in your practice management team. We offer:

  • Guaranteed improvement to your current billing processes
  • Accounts receivables follow-ups
  • Complimentary on-demand reports & RVU analyses
  • Full service – pay on amounts received
  • Billing oversight & consultation – pay hourly with no minimums