According to the MGMA, the average medical office has over 52 days of receivables outstanding, with 20% of A/R balances past due. There is only a 50% recovery rate when an account is not paid within 90 days. Quick Claim Medical Billing will not let this happen.
We submit claims within 24 hours of We submit claims within 24 hours of receiving them. Electronic submission leads to quick payment, usually within 10 to 14 days. We offer paper claims within 24 hours and follow up, so they are paid quickly
We can do a lot about that! The average number of rejected claims for practice is 20%, and only 40% of these are ever resubmitted because there isn’t enough documentation for an appeal. Successful medical billing begins before the patient walks in the door and doesn’t end until the claim is paid. We are your watchdog, ensuring that claims are complete and coded correctly, so a clean claim goes out every time.
You can upload them to our cloud or email them every day, or we can arrange for them to be picked up at your office.
Our goal is to have the entire process completed within one week.
Just as quickly. You can use our interactive management tools and get the answer in seconds. You can view insurance info, verify patient insurance, set patient appointments, see which claims are denied, and much more. Or you can call your account manager, who you have access to at all times.
We file an EDI application that takes 2 to 3 weeks to process. Your claims will be entered into our system and released as soon as confirmation of EDI setup is received.
Practice will typically have a burdened labor cost of over $40,000 for a billing person. (This doesn’t include computers, software, equipment, supplies, etc.) This doesn’t include the cost of management or overhead. With QCMB, you’ll probably only pay one-half that if you average 4,000 claims a year.
Because chances are good, your claims are not being paid in their entirety. The 2008 CMS Payment Report update shows that during 2006 – 2007 Medicare UNDERPAID claims by $900,000,000 (that is $900 million dollars.)