Emerald Health is a medical billing company in New Jersey that truly focuses on your unique needs. We understand that it can be a real challenge to run an efficient medical practice and maintain efficient medical billing at the same time.
By using a medical billing company in NJ like Emerald Health you can focus all of your attention on providing the best medical care for your patients and let us provide you with an efficient and reliable billing system.
You want your claims to have the maximum chance of success with insurance companies, don’t you? Well, our highly experienced team will provide all of their know-how to ensure that you have the highest pass rates possible and that each individual claim is checked manually prior to submission.
If you do have a claim denied then we will ensure that it is followed up efficiently. Not all medical billing companies in NJ will do this and you can lose out on much-needed revenue without efficient follow-ups.
Emerald Health Medical Billing Services Benefits in NJ
When you use Emerald Health for your medical billing services you will receive significant benefits. We are here to maximize your revenues and reduce your costs. These are the two most important things for your business as they impact your profits.
With our Revenue Cycle Management service, you will be able to improve your efficiency and productivity, reduce your costs and accelerate your cash flows. We will also establish key performance indicators based on industry average benchmarking so that it will be easy for you to identify improvement areas for your practice.
It is essential that you track indicators to assess the overall health of your medical billing system. Here are some of the key indicators that we will implement for you:
Accounts Receivable over 120 Days Percentage
This will include all of the amounts that you are owed by third party payers and by your patients that are over 120 days old.
Collection Rate Adjustments
Do you know how much you collect from every $100 allowed by a payer against a specific CPT code? The Emerald Health medical billing service will calculate this by calculating the collected revenue divided by net allowable charges.
Days Accounts Receivable (DAR)
This is another important indicator that you need to be aware of. Here we will calculate your total receivables and then divide these by 12 months worth of gross charges divided by 365 days.
We will set up an indicator for you so that you can see exactly how much cash you are collecting.
We strongly recommend that you introduce benchmarking indicators into your practice. Emerald Health can easily implement this for you so that you will be able to monitor your cash balances and compare them to identify any trends and the reasons behind those trends.
By choosing Emerald Health medical billing services in New Jersey you will be able to see your cash balances on a month on month, quarter on quarter and year on year basis. We put you in control of your medical billing.
The Emerald Health Medical Billing service provides you with the following benefits:
1.Focus on maximizing your revenues
2.Reducing your costs with payroll expenditure, turnover of employees and cost of training
3.Accelerating your cash flow and decreasing the number of days in accounts receivable
4.Increase your overall cash balances
5.Provide key performance indicators based on industry benchmarking to provide you with greater transparency
6.Increase your productivity so that you can focus on patient care
7.A comprehensive medical billing package for you at a low flat rate
At Emerald Health we are all about improving the profitability of your practice. We want you to continue to provide high-quality patient care and grow your practice without having to worry about collecting revenue. You do not need to employ people to manage your medical billing for you – Emerald Health will take care of everything for you.
Our Software Experience
Emerald Health has been in the medical billing services business for a long time. We have the experience and knowhow to drive your practice forward and ensure that you receive the maximum revenues possible.
Our Electronic Medical Records (EMR) software provides you with an easy to use interface which allows you to enter patient data fast and find it quickly as well. You will be able to access the electronic prescribing (eRx) using a personal computer, your iPhone, your iPad or other devices.
Here is what you get with the Emerald Health EMR software:
1. Use a single screen to view comprehensive charting
2.Complete medication management with electronic prescribing and monitoring of drug to drug and drug to allergy
3.Standardized SOAP note format for patient encounters
4. Easily review follow up, medications, plan, prescription, objective, diagnosis, objective and subjective history with one click
5.Customizable patient management templates
6.Insert macros in any field
7.Customize and generate your own reports
8.Organized storage for documents
9.Upload external documents
10. Choose between single-click signature of several documents or select documents for individual sign off
11.Customize the interface for physician-owned laboratories
12.Customize the interface for reference laboratories
13.Interface with PFT, Holter and EKG instruments
14.Billing monitoring to track encounters that are unbilled
15.Practice Management (PM) system that is procedures integrated and eliminates dual entry
Emerald Health has developed a sophisticated Practice Management (PM) system for you that has a number of excellent features for you to run your practice efficiently. Some of the features include:
1.A comprehensive schedule that provides customizable time slots and allows multiple providers and multiple locations
2.A comprehensive appointment calendar that provides you with daily, weekly and monthly view capabilities. You can filter by provider.
3. You can create your own customized schedule
4. You can easily find appointments
5. You can create your own alerts
6. You can monitor visit status
7. You can run patient eligibility in batches
8.Total financial management
9.Run your financial reports
10.You have a full audit trail for all users
You will find our medical billing software very intuitive and easy to use meaning that the learning curve is minimal. There is some customization available to suit the precise needs of your practice at no additional cost.
Our software is certified as a total Ambulatory EMR and we include a patient portal with the EMR completely free. You will have access to the integrated PM module and there is an option for you to have a standalone EMR if you require this.
Emerald Health medical billing software provides you with a Super Bill customization feature. You can also access patient data in the software from a mobile device.
Q.1What is a medical billing company?
A medical billing company will enable the entry of the essential data to run a medical practice effectively. They will take care of the medical billing aspects of practice so that staff can focus on the quality of patient care.
Q2.What do medical billing companies do?
They will monitor and track billing and receivables which include the follow up of unpaid claims. The best medical billing companies will significantly improve revenues for their clients.
Q3.How do medical billing companies work?
Most medical billing companies will handle the data entry and the submission of claims on behalf of the medical practice. They can send invoices to patients directly and follow up on all rejected claims.
Q4. What do medical billing companies charge?
Usually, a medical billing company will charge a percentage of the collectables. The industry average for this is around 7% for claims processing
Q5.Why do medical practices choose medical billing companies?
The main reason why a medical practice will outsource their billing to a medical billing company is convenience. They want to focus on providing the best patient care.