Comprehensive Physician Billing Services for All Practice Sizes
ChromMD provides industry-leading physician billing solutions tailored for over 50+ medical
specialties. Whether managing a large healthcare facility or a small private practice, our
expertise and advanced technology help optimize revenue and streamline operations.
Key Performance Metrics
Ensuring smooth practice management is our priority. We utilize key performance indicators (KPIs) to track and enhance the efficiency of our physician billing services:
3 Months
Review Period
From $0.7M to $1M
Increased Collection
30%
Revenue Growth
Streamline Your Practice with Expert Billing Management
ChromMD handles all administrative aspects of physician billing, including appointment
scheduling, patient record management, and insurance claim processing.
Core Billing Process
Our streamlined billing process ensures accuracy, compliance, and faster reimbursements:
1. Medical Coding and Documentation
2. Claims Submission
3. Payment Posting
4. Claims Denial Management
5. Payment Reconciliation
Explore Our Physician Billing Services in Detail – Watch Our Video Guide
Outsourcing Benefits
50% Reduction in Overhead Costs
Reduce overhead expenses by 50% and eliminate the need for an in-house team through our efficient physician billing solutions.
HIPAA Compliance
Our physician billing services are fully compliant with HIPAA protocols. We stay up-to-date with the latest regulatory standards so that there are no chances of errors or penalties
Get Paid Faster
Our expert billing and coding team submits all claims electronically within 72 hours. We vigorously track every claim and ensure that you get the maximum reimbursements from your payers.
Maximize Revenue with Efficient Claims Management
Accurate ICD-10, CPT, and HCPCS Coding
ChromMD ensures precision in medical coding to reduce denials and enhance revenue growth. Our expert team follows strict coding guidelines to maximize accuracy and compliance.
Our process includes:
- Reviewing patient charts for accurate diagnosis and procedure codes.
- Selecting appropriate ICD-11, CPT, and HCPCS codes.
- Verifying code accuracy and compliance.
- Applying necessary modifiers.
- Utilizing advanced coding software for verification.
Denial and Rejection Management
Our certified billing experts process up to 75,000 claims daily with precision, ensuring practices receive maximum reimbursements. We follow a strategic approach to minimize denials and optimize revenue.
Our process includes:
- Identifying patterns and root causes of denials.
- Ensuring accurate coding to prevent rejections.
- Verifying medical record compliance with payer requirements.
- Crafting strong appeal letters with supporting documentation.
- Tracking and managing appeals for timely resolution.
- Engaging payers to adjust or reprocess denied claims.
Old A/R Recovery
We specialize in recovering overdue accounts, including those 120+ days old, reducing your outstanding AR by up to 30% to improve cash flow and financial stability.
Optimize MIPS by Over 75 Points
The Merit-Based Incentive Payment System (MIPS) remains active in 2024, assessing performance based on:
Quality: Evaluating patient care effectiveness.
Improvement Activities: Measuring care enhancement efforts.
Promoting Interoperability: Encouraging electronic data sharing.
Cost Efficiency: Analyzing resource utilization.
Our expertise helps providers achieve a 75% quality reporting target, ensuring compliance and maximizing incentives.
Medical Credentialing Services
We handle complete provider credentialing and verification to ensure seamless onboarding with payers:
Submitting applications and necessary documentation.
Conducting background checks and license verifications.
Ensuring compliance with credentialing bodies.
Facilitating peer reviews when required.
Managing ongoing renewals and updates.
Nationwide Billing Expertise
Our physician billing services are tailored for all 50 states, ensuring compliance with state-specific regulations while maximizing reimbursement opportunities and operational efficiency:
Updating payer databases with the latest reimbursement policies to align with ever-changing healthcare regulations.
Adhering to state laws, including California’s SB 137 and the No Surprises Act to ensure legal compliance and avoid penalties.
Applying accurate state-specific codes and modifiers to minimize claim denials and optimize payment accuracy.
Optimizing billing for Medicaid expansion and Medicare Advantage to enhance access to essential healthcare funding sources.
Enhancing reimbursement for telehealth services by leveraging best practices and compliance measures in remote healthcare billing.
Additional Services We Offer
- Revenue Cycle Management (RCM)
- Charge Entry & Review
- Patient Billing & Statements
- HIPAA Compliance & Audit Support
- Medical Transcription
- Pre-Authorization & Eligibility Verification
- Accounts Receivable (AR) Follow-Up
- Refund Processing
- EMR/EHR Integration
- Financial Analysis & Reporting
Experience clean claims, fewer denials, and maximum reimbursements with ChromMD’s expert physician billing solutions.
