What We Offer at Innovative Billing Solutions
Our Services
At Innovative Billing Solutions, we provide a comprehensive range of state-of-the-art billing services tailored specifically for your business needs.
Our cutting-edge solutions are designed to streamline your financial processes, enhance your cash flow, and simplify the management of your accounts receivable. From payment processing to detailed reporting and analytics, we ensure that you have the tools necessary to keep your operations efficient and profitable. Let us transform the way you handle billing, allowing you to focus on what you do best—growing your business.
AR Review + Analysis
We can generate a comprehensive report that allows us to evaluate the billing and collections data from previous periods. This report will detail the total amounts billed, the sums successfully collected, and any outstanding balances that have been written off as uncollectible. Our expertise lies in identifying potential revenue that may have been overlooked or neglected. By meticulously analyzing these financial figures, we aim to uncover opportunities for recovering funds that remain on the table, ensuring your organization maximizes its financial performance.
Aged Billing Reclamation & Management
After conducting a thorough review of your Accounts Receivable, we can initiate a re-negotiation process for claims that have been underpaid or perhaps not compensated at all. Our approach includes tailored follow-up strategies designed for each individual insurance carrier, allowing us to navigate their specific requirements and procedures effectively. By employing these targeted tactics, we strive to maximize the reimbursement for every claim, ensuring that all payments are received in full and to the highest extent possible.
Forward Billing
We are committed to promptly submitting your claims within a dedicated 24-hour timeframe, ensuring that we not only keep track of your initial claims but also handle all necessary follow-ups with diligence. Our expertise lies in a variety of specialized areas, including:
- Behavioral Health (Detox, RTC, PHP, IOP & OP)
- Mental Health Facilities
- Laboratory Billing
- OBGYN Offices
- Surgery Centers
- Pain Management Clinics
- Primary Care Physicians
- Cardiologists
Verification of Benefits
We pride ourselves on offering an efficient Verification of Benefits service, ensuring a rapid turnaround time of just one hour for most requests. In addition to this, our dedicated team is prepared to deliver a preliminary or soft VOB almost immediately upon reaching out to us. This quick response allows you to make informed decisions without unnecessary delays, ensuring you have the necessary information to proceed effectively. Trust our experienced team to provide you with the comprehensive support you need in navigating insurance benefits.
Utilization Review
We have carefully assembled a dedicated team of Utilization Review (UR) professionals who are committed to securing the maximum number of authorized days for your patients. This specialized group works tirelessly to facilitate communication between insurance carriers and your facility, ensuring that every piece of information is accurately shared and processed. By maintaining ongoing dialogue with both parties, we strive to enhance the efficiency of each case and support you in providing the best possible care for your patients. Our goal is to streamline the authorization process so that patients receive timely and effective treatment without unnecessary delays.
Revenue Cycle Management
Innovative Billing Solutions specializes in Revenue Cycle Management. Hospitals, surgery centers, big or corporate substance abuse treatment facilities, and mental health facilities, tracking every claim and the money that should be collected. As many healthcare facilities have internal billing, we find ourselves best utilized by providing billing support with our ‘Revenue Cycle Management’ service. We help these bigger operations organize their AR (aging report) and prioritize how to rework claims- as well as teach them the way to do it properly and be compensated for the best possible amount. RCM is a perfect service option if your company has a large balance with insurance companies, and your billing team is focused on outbound claims.
Kind Words
Client Testimonials
Get Started
We're Ready When You Are
Want to know how to change your medical billing for real business growth? Learn more about our innovative billing services and how we can change your business today.
Contact Innovative Billing Solutions Today