Billing Services For Your Large Practice
Save up to 30-60% on Annual Payroll
Billing inaccuracies can severely impact your large practice’s financial growth. With over 10 years of experience in billing and denial management, Total Medx is renowned for reducing claim denials by 97% and preventing lost revenue for large practices. Available in all 50 states!
Contact Us To Get Your Rates Lowered Today!
Total Medx And Large Practices Share Common Goals
Accelerate cash flow and boost revenue.
Maximize Reimbursement through Accurate Coding
Enhance Patient Satisfaction with Clear Billing
Regulatory Compliance Assurance
Expense Reduction
A Strong Billing Infrastructure Is A Key Advantage Of Total Medx Medical Billing Services
Large practices face a multitude of challenges, from patient registration to claims submission and follow-up, with filing numerous claims adding to the administrative strain.
This is where Total Medx steps in, offering a robust billing infrastructure that brings transparency, affordability, and flexibility to streamline billing processes. Our services are powered by advanced denial management systems and a team of experienced professionals, ensuring effective solutions and round-the-clock support.
At Total Medx, We Use Four Key Metrics To Audit Billing And Enhance ROI For Large Practices. These Metrics Account For 60% Of Your Billing Process’s Overall Efficiency, Productivity And Financial Performance—Data Drawn Directly From Our Clients’ Experiences.
Days In Accounts Receivable – 30-40 Days
At Total Medx, we track accounts receivable by analyzing the average days it takes for a practice to collect payments. Our efficient processes result in a lower accounts receivable days ratio, ensuring faster reimbursements.
First Pass Acceptance Rate – 97%
Also known as the first-pass clean claim rate, this metric measures the acceptance rate of claims on their first submission. At Total Medx, we offer top-tier revenue cycle management services to ensure a high first-pass clean claim rate.
Net Collection Rate – 98%
The net collection rate reflects the overall payment collected from both patients and insurers. At Total Medx, we ensure timely payments and work to achieve a high net collection rate for your practice.
Denial Rate – 1%
The ratio of claims denied by the insurer represents how effective is your revenue cycle management process. We follow up on denied claims, scan, and rectify the errors and maximize revenue generations.
Get Customized Medical Billing Services To Enhance Your Billing, Coding And Overall RCM Efficiency.
We recognize that every large practice has unique needs, so we provide tailored, transparent, and error-free billing services. Our team audits your billing process, identifies issues, and ensures that all unpaid and aging claims are addressed.
Managing patient registration, claims submission, and denial resolution can be overwhelming. We take care of the administrative tasks, allowing you to focus on providing quality patient care.
With our robust billing, coding, and RCM systems, we consistently submit clean claims over 99% of the time, ensure timely claim submissions, follow up on aging accounts daily, and boost your reimbursements.
Our Efficient Work Process To Achieve These Goals Faster
24/7 Access To Technology And Infrastructure
With Total Medx, advanced billing technology, coding tools, and robust infrastructure streamline operations and tailor billing and RCM for large practices. By outsourcing your billing to us, you gain access to these powerful resources without the need for costly software or hardware investments.
Regular Auditing And Quality Control
At Total Medx, we conduct regular internal audits to identify inaccuracies and highlight areas for improvement in your billing processes. We take corrective actions, implement quality control measures like double-checking claims, and perform thorough reviews, all aimed at minimizing revenue gaps and inaccuracies.
Upfront Communication
Clear and effective communication between insurers, administrative staff, and billing teams is crucial for fostering strong, long-term partnerships. It enhances trust, reduces misunderstandings, and minimizes errors across all parties involved.
Expertise And Specialization
Experience and professionalism are essential to reducing denials. Our team of skilled experts in coding, billing, and claims submission ensures your large practice benefits from compliant billing practices and improved claim acceptance.
Simplifying Complex Coding System (ICD-10, CPT, HCPCS)
We stay current with regulatory updates, coding guidelines for diagnostic procedures, and insurance requirements. Our expert coders are proficient in ICD-10, CPT, and HCPCS systems to ensure accurate coding and faster collections.
