Healthcare Billing Solutions: Building Financial Strength Through Precision, Strategy, and Support
The Growing Complexity of Medical Billing
- Evolving payer rules and compliance regulations
- ICD-10 and CPT coding complexities
- Prior authorizations and eligibility verification
- Increased patient payment responsibility
- Constantly shifting reimbursement models
What Are Healthcare Billing Solutions?
- Patient eligibility and benefits verification
- Medical coding and compliance audits
- Claim creation, submission, and scrubbing
- Denial management and appeals
- Patient billing and payment support
- Accounts receivable (AR) follow-up and recovery
- Performance reporting and revenue analytics
Key Components of Ascendant Medical’s Healthcare Billing Solutions
1. End-to-End Revenue Cycle Management (RCM)
2. Insurance Verification and Pre-Authorization
3. Accurate Medical Coding and Compliance
4. Claims Scrubbing and Real-Time Submission
5. Denial Management and Appeals
6. Patient Billing and Payment Processing
7. AR Recovery and Follow-Up
8. Analytics and Financial Reporting
Why Choose Ascendant Medical’s Healthcare Billing Solutions?
✅ Expertise Across Specialties
✅ Results-Driven Performance
✅ HIPAA-Compliant and Secure
✅ Scalable and Customizable Solutions
✅ Dedicated Support Teams
The Financial Impact of Ineffective Billing
- Up to 35% of claims are denied on first submission
- Practices lose up to 10% of revenue due to poor follow-up
- The average cost to rework a denied claim is $25–$118
- Over 65% of denied claims are never reworked
How Healthcare Billing Solutions Improve Patient Experience
- Transparent statements with clear breakdowns
- Prompt billing after services are rendered
- Responsive support teams for billing questions
- Digital and flexible payment options
When Should You Consider Outsourcing Your Medical Billing?
- Denial rate consistently above 10%
- Accounts receivable over 60 days is more than 30% of total AR
- Inconsistent cash flow or missed revenue targets
- High staff turnover or burnout in your billing department
- Lack of real-time visibility into billing performance
Choosing the Right Partner: What to Look For
- Experience in your specialty
- Proven track record of revenue improvement
- Compliance and security certifications
- Transparent reporting and analytics
- Flexible and responsive support structure
Future-Proofing Your Revenue Cycle
- Automation and AI tools for predictive analytics and claim scrubbing
- Patient engagement platforms to support digital payments and communication
- Ongoing compliance updates as payer and regulatory rules change