Advanced Billing Concepts, LLC offers professional medical billing services to health care providers in several areas in New Jersey. Our team has more than 15 years of experience in billing, coding, collections, accounts receivables, worker’s compensation, and personal injury protection cases. We also have extensive knowledge in chiropractic billing, physical therapy billing, and occupational therapy billing, as well as administrative protocols.
Medical Billing Specialties:
- Family Practice Medical Billing
- Internal Medicine Medical Billing
- OBGYN Medical Billing
- Ophthalmology Billing
- Optometry Billing
- Otolaryngology Billing
- Pediatric Medical Billing
- Plastic Surgery Billing
Other Services Offered by Advanced Billing Concepts:
- Billing and Coding
- Accounts Receivables
- Patient Statements
- Insurance Benefit Verifications
- Assistance with Pre-certifications
- PIP Arbitration
- Contracting and Credentialing
- Administrative Efficiency Consultation
- Assistance in Starting a New Practice
- Creation of Personalized Administrative Documents
Why Health Care Providers Need to Outsource Their Medical Billing in Clifton, New Jersey
Medical billing is a substantial part of any health care practice, which is why some providers are reluctant to hire a third party to perform this task. However, keeping medical billing processes in-house would involve a lot of costs. In addition, health care providers would also need to monitor and manage their adjusted collections rate, the percentage of claims paid on time, and the accounts receivables which over 120 days due.
The costs associated with the employment of staff dedicated for billing alone would not be confined to their monthly salaries as they are also entitled to other benefits, such as vacation and sick leaves. Providers are also obligated to shoulder payroll taxes, training fees, replacement costs, and more. Moreover, employee turnover rates and quality of outputs would also need to be managed.
Moreover, there are capital investments required for this process. Health care providers would have to invest in technologies necessary for medical billing, pay for maintenance costs, and allocate funds for disaster recovery. Another cost to factor is would be the time spent by the provider overseeing this task, which is considered an opportunity loss as this time could have been spent developing their medical practice. By maintaining an in-house billing unit, health care providers will constantly have to check and ensure that their billing staff is performing efficiently, increasing the volume of collections while at the same time decreasing the time to collect.
As all of these are taken into account, it is apparent that a health care organization or provider will be benefitting from outsourcing their medical billing functions. Doing so will not only be more cost efficient for them but will also allow them to focus on what matters most – their patients. If you want to request for a free estimate of our medical billing NJ services, please send us an email or call us at (973) 239-4040.
Every Client is Given a Personalized Service
We at Advanced Billing Concepts understand that some clients are hesitant to hire a third party to manage their medical billing. This is why we strive to gain their trust and confidence by giving them personalized service through a dedicated team which ensures that every client receives prompt and appropriate assistance by someone whom they know and who is familiar with their account. We also visit our client’s office, whenever necessary, to make sure that a seamless transition takes place.
We regard all of our clients as partners, and constantly seek ways to help them manage their cash flows and reduce their expenses. We are also very flexible when it comes to clients who choose to use an existing system which they are already comfortable with. We recognize that each medical practice is unique, so we take into consideration every provider’s location, patient volume, health insurance participation, and yearly income in determining a fair rate for your practice.
We Provide the Latest Technologies and Procedures in Medical Billing
We provide the latest technologies that are customized to meet your medical practice’s unique requirements. When you decide to entrust your medical billing to our team, you won’t have to invest in expensive technologies which will become obsolete after some time. Instead, you can leverage on Advanced Billing Concepts’ expertise and technologies. Rest assured that we are always keeping abreast of the latest technologies and procedures in the industry, so we are able to deliver the best solutions to our clients.
Other Areas Served:
- Verona, NJ
- Cedar Grove, NJ
- Caldwell, NJ
- Wayne, NJ
- Montclair, NJ
- Newark, NJ
- Livingston, NJ
- West Orange, NJ
- Summit, NJ