Billing Services
Inspire Medical Billing understands that each practice is unique. One of IMB’s strengths is the ability to mold it’s service around a practice’s business model. We aim to be an extension of your office with many resources available. From customized reporting to the industry’s quickest claim processing, Inspire vows to deliver optimum success to your practice.
Outsourcing Benefits
Lets face it, time is an invaluable commodity. Maintaining your billing in house can be a very difficult process to keep up with. Inspire can lift this weight off your shoulders. IMB will keep up with the latest specifications, regulations and billing requirements for you. From credentialing to coding, we offer a wide variety of services that will help your practice bill more efficiently at a fraction of the cost.
An added benefit of partnering with Inspire Medical Billing is meeting short or long term hiring needs. With consistent revenue flow and 24/7 support, a practice can accurately assess it’s future financial possibilities. Stop worrying about sufficient staffing and focus on a critical aspect of the business, billing.
How It’s Done
At Inspire Medical Billing, your practice is receiving 50+ years of combined billing experience. We work endlessly towards maximizing revenue while helping each practice achieve the highest level of success. Your focus on patient care is priority, which is why month over month our focus is to make sure your income is where it’s supposed to be. We inspire for a successful practice.
When You Partner With Inspire Medical Billing You Can Expect The Following
Medical Billing
Our experience and attention to detail ensures accuracy in claim submission with correct procedure and diagnosis codes. We adhere to a proactive policy when following up on any claim denials. We make certain that all claims submitted to insurance carriers are paid out accordingly.
Medical Coding
Our team is able to read and write the universal medical code numbers created for diagnoses and procedures. These codes are formed from multiple healthcare records including notes from a physician, lab results, radiology results and various other sources. With this expertise, our team can advise the physician on the correct codes to use that yield the highest reimbursements.
Data Entry
Our data entry specialists provide various clerical and administrative support services in the healthcare field. Responsibilities include but are not limited to: keeping individual patient information intact, organization of patient history, and the accurate input of information for each provider into an electronic health record.
A/R Management
Our A/R Management team makes sure submitted claims fall within the timely filing window. A practice cannot run without sufficient and routine receivables. With Inspire, you can expect 20-23 days in A/R which beats the industry average by nearly 42%. This allows your practice to have a dependable cash flow each and every month.
Custom Reporting
We understand that every practice is unique. IMB can create reports specific to the needs of a practice and provide live data at any time. Thanks to our customizable analytics, we’re able to give our partners the visibility they desire.
Implementation
Before a practice is eligible to “Go-Live” there are several steps to be completed prior to IMB’s billing process. The practice must have submitted all necessary provider information and make sure it is credentialed with the desired carriers. Inspire will then begin the software setup and build on behalf of the practice. When all requirements have been met, the practice is ready to “Go-Live”.
Collections
Insurance reimbursements are collected at a rate of 96% upon the first submission with Inspire Medical Billing. This is how practice’s can see monthly collections increase up to 15% with our services. Any payments that have not been received from patients are eligible to go into collections. IMB ensures all payments are to be collected accordingly without the need to go back to the practice.
Practice Solutions
Inspire Medical Billing delivers the best mix of services to help your practice run smoothly. Our highly experienced and professional staff will handle all the complexities that come with medical billing. You can turn your billing over to us in full confidence that it will be done professionally, accurately, and thoroughly
What We Deliver
12% Increase In collections
42% Fewer Days In Accounts Receivable
98% Of Claims Paid On The First Submission
Services
Your Specialized Management Team
Our dedicated billing team is here to help every step of the way. We will train your staff and become an extension of your practice.
Real Time Data
Access to accurate Information, quicker electronic claim processing and real-time data anytime, anywhere.
Significant Solutions
From customized reports to the industry’s quickest claim processing, IMB vows to deliver optimum solutions to your practice.
How It Works
Practice solutions
Here at Inspire Medical Billing, we redefine the billing process to best fit each practice. Our workflow is shown below: