Our FAQs section is designed to provide quick and comprehensive answers to the most common questions about our services.
Medical billing is the process of submitting and following up on claims with health insurance companies to receive payment for services provided by healthcare providers.
XcelMD provides comprehensive medical billing, medical coding, credentialing, and customized financial reporting services to streamline your revenue cycle and optimize your financial health. We also offer outsourcing options to help you manage these processes more efficiently.
XcelMD uses precise coding and thorough verification processes to ensure claims are submitted accurately to insurance companies, minimizing denials and maximizing reimbursements. We follow best practices and industry standards to maintain the highest level of accuracy.
XcelMD offers medical billing services for all specialties, including behavioral health, cardiology, dermatology, family practice, internal medicine, and more. Our team is experienced in handling diverse medical specialties.
XcelMD manages every step of the revenue cycle, from claim submission to payment collection and accounts receivable follow-up, ensuring timely and accurate processing that boosts your revenue and maintains steady cash flow. Our outsourcing services allow you to focus on patient care while we handle the financial aspects.
Credentialing is the process of verifying and enrolling healthcare providers with insurance companies. It ensures that providers are authorized to receive reimbursements for their services, which is crucial for maintaining revenue.
XcelMD manages all aspects of the credentialing process, including paperwork, application submission, and follow-ups with insurers, to ensure timely and successful enrollment. Our efficient approach simplifies this often complex process.
XcelMD offers detailed financial and reconciliation reports, including monthly CPA (Charges, Payments, and Adjustments) reports by insurance and date of service, as well as charge and payment reconciliations upon request. Our customized reporting helps you keep track of your practice’s financial health
Typically, it takes between 30 to 45 days to process a claim, though this can vary depending on the insurance payer and any issues with the claim. XcelMD aims to expedite the process as much as possible.
XcelMD promptly reviews and addresses claim denials, identifying the reasons and making necessary corrections to resubmit the claims and ensure proper reimbursement. We work to reduce denial rates and improve your overall revenue.
Denial management involves identifying, addressing, and resolving denied claims to ensure that healthcare providers receive proper reimbursement for their services. Effective denial management reduces revenue loss and improves cash flow.
XcelMD actively follows up on unpaid claims with insurance companies, ensuring timely resolution and payment. Our dedicated AR team works to reduce outstanding receivables and improve your practice’s cash flow.
XcelMD offers a decade of industry experience, a highly skilled team, and a commitment to accuracy and customer satisfaction. We handle the complexities of medical billing so you can focus on patient care. Our outsourcing options provide flexibility and cost savings.
Yes, XcelMD can seamlessly integrate with most EHR/EMR systems, ensuring a smooth transition and efficient workflow for your practice.
XcelMD provides ongoing support for any billing-related issues. Our team is available to assist you with any questions or concerns you may have, ensuring that your billing processes run smoothly.
XcelMD stands out due to our extensive experience, personalized approach, high accuracy rates, and comprehensive service offerings. We prioritize customer satisfaction and tailor our services to meet your specific needs
XcelMD ensures accuracy through detailed verification processes, continuous training for our staff, and the use of advanced billing software. Our goal is to minimize errors and maximize your reimbursements from insurance companies.
XcelMD works with a variety of practices, including solo practitioners, group practices, clinics, and large healthcare organizations across multiple specialties.
Yes, XcelMD provides ongoing support for any billing-related issues. Our team is available to assist you with any questions or concerns you may have
XcelMD provides regular, detailed reports that track the performance of your billing processes, including metrics such as claim submission rates, denial rates, and reimbursement times. Our transparent reporting allows you to monitor progress and make informed decisions about your practice’s financial health.
Getting started with our medical billing services is easy. Simply contact us through our website or call us directly to schedule a free consultation. During the consultation, we will discuss your practice’s specific needs and develop a customized billing solution to help you achieve your financial goals.
Our team of experienced professionals leverages advanced technology and industry expertise to deliver customized solutions tailored to your specific needs.
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