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Comprehensive Revenue Cycle Management for High-Revenue Medical Businesses
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Practices
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Healthcare Systems Across the U.S.
Full-Service RCM for Streamlined Financial Performance
For healthcare providers with monthly collected revenues greater than $250,000, Limpid’s Full Revenue Cycle Management (RCM) services are tailored to manage every facet of the billing cycle. This maximizes revenue collection and optimizes your financial outcomes, covering all the essentials, from eligibility and benefits verification to accounts receivable collections and reconciliation. We ensure compliance and accuracy, making Limpid a top choice among medical billing companies in USA. Our model aligns with your financial success by using a percentage-based approach, covering every step necessary for revenue cycle efficiency.
Key Features of Limpid’s RCM Services:
- End-to-End RCM Expertise to streamline billing and claims management for your practice or healthcare organization
- Insurance Verification: Ensuring accurate, prompt claims processing
- Prior Authorizations and Out-Of-Network Approvals: We ensure 3rd party approval of payments before patient care is administered
- Charge Entry: Precise coding and claim preparation for minimized errors
- Accounts Receivable (A/R) Collections & Reconciliation: Effective management to reduce outstanding balances
- Denial Management: Proactive solutions to resolve and prevent claim denials
- Payment Posting: Transparent and accurate financial recording
- Electronic Patient Statement Generation: Handled with efficiency for your business
- Patient Billing Support to improve satisfaction and clarity
- Routine Provider Enrollment for quick payor onboarding and compliance
- Monthly Financial Analysis reports to monitor growth and identify improvement opportunities
Limpid’s medical billing and coding personnel expertly leverage your existing Practice Management Software (PMS) and Electronic Health Records (EHR) systems, allowing you to continue using your trusted platforms. Book a call with our team today for Full Revenue Cycle Management services and get started easily!
Dedicated RCM Team for Comprehensive Support
This percentage-based FULL RCM model frees you from tracking hours, providing a comprehensive solution with experts managing your revenue cycle from end-to-end, making Limpid a preferred medical billing agency in the USA.
Your Complete Revenue Cycle Management Team Partnering with Limpid means you gain a specialized team of experts in medical billing and coding services. Our dedicated RCM team will collectively oversee every facet of the revenue cycle.
Your Full RCM Team Includes:
- Strategic Accounts Manager
- Billing Production Lead
- RCM Specialists (as needed)
- Accounts Receivable Specialists (as needed)
- Denials Resolution Specialists (as needed)
- Insurance Eligibility and Benefits Verification Specialists (as needed)
- Payment Posting Specialists (as needed)
This all-inclusive support model offers clients across multiple taxonomies a full-service RCM team, establishing Limpid as one of the top medical billing companies in USA for organizations seeking performance-driven medical billing services. Focused support, such as medical coding, credentialing, and provider contracting for new physicians are always available through our Full-Time Equivalent “FTE” Medical Billing Services model. Our scalable solutions enable clients to adjust support as they grow, making Limpid a trusted partner among insurance billing companies and medical practices seeking flexible, effective support. Credentialing, Coding, and Virtual Assistant specialists are always offered under a separate service agreement based on a flat hourly rate.
Claim Processing and Submission
- Comprehensive claim creation, validation, and transmission
- Accurate entry of detailed super-bill data
- Confirmation of claim approval before submission
- Continuous tracking of claim status updates
Compliant Coding and Documentation
- Accurate coding of provider services to ensure compliance
- Review and application of optimized coding per standards and guidelines
- Detailed capture of information to support claims
- Proper justification of reimbursements for services rendered
- Medical billing audits for comprehensive coding accuracy
Accurate Charge Entry
- Precise capture and validation of all service charges
- Utilization of charge sheets and EHR data for consistency
- Ensuring all charges align with coding and documentation
- Reconciliation of charges with claims and payor contracts
Insurance Claims Follow-Up
- Persistent follow-up on unpaid claims with payors
- Resolution of underpaid claims on behalf of providers
- Direct payor communication for claim dispute negotiations
Payment and Remittance Reconciliation
- Efficient processing of payments received from payors
- Adjustment handling and denial processing
- Reconciliation of payments directly to provider claims
Accounts Receivable (A/R) Management
- Strategic reduction of aged outstanding accounts receivable
- Optimization of A/R workflows to improve efficiency
- Verification of claim approvals and collections
- Collection efforts for outstanding balances from payors and patients
KPI Monitoring and Analytics
- Real-time monitoring of key performance indicators
- In-depth analysis of days in accounts receivable
- Evaluation of claim denial and collection rates
- Comprehensive, customizable reporting options
- Advanced data visualization for performance insights
Patient Billing and Collections
- Effective collection of patient payments
- Management of initial statements and final notices
- Issuance of clear bills and payment reminders
- Multiple convenient payment options for patients
Contractual Agreement Management
- Thorough management of payor-provider contracts
- Analysis of payment rates based on service agreements
- Detailed review and negotiation of contract terms
- Regular compliance monitoring of all agreements
Compliance-Driven Medical Billing and Coding Services
Limpid’s Accuracy and Compliance to Reduce Denials. With a strong focus on medical billing and coding, Limpid provides compliant, accurate billing solutions tailored to reduce denials and accelerate reimbursements. Unlike some medical billing companies in USA, our team adapts to the medical billing software for billing companies you already use, ensuring seamless integration. Limpid’s high standards in medical billing and coding services minimize the risk of errors, positioning us among the most reliable medical billing companies for providers needing comprehensive insurance billing services.
Learn how Limpid’s data-driven medical billing and coding services set us apart as one of the top medical billing companies in USA.
Click here to book Limpid’s Medical Billing & Coding Services
Real-Time Financial Insight and Transparency in RCM
Customized Financial Reporting to Drive Growth Transparency is central to effective revenue cycle management, which is why Limpid offers detailed, customized medical billing reports through the Practice Management Software you already have in place. Our advanced reporting provides insights and tracking critical to medical billing companies standards, empowering healthcare providers to make proactive financial decisions without additional software changes.
Insights in Our Reporting:
- Monthly Practice Analysis Reports: Detailed insights into revenue cycle health and financial performance
- Claim Submission Trends: Monitoring to optimize submission patterns
- Financial Tracking & Reporting: Clear visibility into A/R balances, growth, and claims status
With Limpid’s insights, your practice can leverage data to make strategic improvements, setting us apart from other medical billing companies in USA and solidifying our role as a trusted medical billing agency partner.
Enhanced Patient Financial Experience with Limpid’s RCM Services
Simplifying the Billing Process for Patients Limpid’s Full RCM model also simplifies the patient billing experience, providing clarity and transparency that enhances patient satisfaction. As one of the top medical billing companies in USA, we handle insurance billing services and patient billing support, helping reduce administrative workload and improve the patient experience.
Patient Support Services Include:
- Clear Billing Statements: Transparent, easy-to-understand statements
- Accessible Billing Support: Addressing patient billing inquiries to ease office demands
- Financial Clarity: Helping patients understand financial responsibilities to increase satisfaction
Our patient-centered approach establishes Limpid as a highly effective medical billing agency that not only prioritizes revenue but also values patient relationships, enhancing your practice’s reputation and retention rates.
Choose a patient-centered medical billing agency that prioritizes both revenue and patient satisfaction. Schedule a consultation to learn how our approach strengthens your reputation and boosts patient retention.
Click here to book Limpid’s Dedicated RCM Team for your Medical Business
Choose Limpid: Your RCM Partner for Optimized Revenue Cycle Management
Unmatched Support and Expertise for Revenue Optimization Limpid’s Full Revenue Cycle Management service aligns with your practice’s success. As one of the top medical billing companies in USA, we deliver compliance-focused, revenue-enhancing solutions without requiring new software. Our experienced team provides medical billing services that cover every critical area of RCM, offering you peace of mind and a financial strategy that drives growth.
Why Choose Limpid for Revenue Cycle Management?
- Fully dedicated RCM team with specialized expertise
- End-to-end medical billing and coding services that streamline billing operations
- Patient-centered support to enhance satisfaction
- Real-time data insights to support proactive growth decisions
Explore Limpid’s RCM model to see why we stand among the best medical billing companies in USA and how we can support your practice’s revenue and operational goals. It’s easy to take the next step toward streamlined revenue cycle management.
Step 1: Sign BAA & Kick-Off Call
We sign a Business Associate Agreement (BAA) for HIPAA compliance, followed by a KICK-OFF CALL to introduce your Strategic Accounts Manager. Clients will provide PMS and EHR login details on this call, and Limpid will assess the quantum of medical billing and coding work required.
Step 2: Set Service Agreement
We set the service agreement to align on medical billing services, pricing, and scope of work, ensuring both parties are clear on service requirements and goals.
Step 3: Merge & Support Period
This phase focuses on organizing the necessary workflows and resources to meet your unique medical billing and coding requirements. We conduct a few process discovery calls with you to trace, establish, and implement strong workflows that mirror your medical billing service requirements. This ensures a smooth, efficient alignment with zero downtime to your business.
Step 4: Go Live
We launch medical billing and coding services. Limpid takes over managing the client’s specific medical billing and/or coding needs, delivering effective consultation, progress reports, and support.
