Billing & Collection
COB Solution offers a comprehensive suite of billing and collection services to help medical practices improve their revenue cycle management and ensure that they are paid for the services they provide.
Our services include:
- Revenue cycle enhancement: We help you identify opportunities to improve your revenue cycle management by reviewing your billing and coding practices, and by making recommendations for improvement. We also help you stay up-to-date on the latest changes to insurance regulations.
- Claims submission: We help you submit claims to insurance companies in a timely and accurate manner by using our proprietary software system. This system helps us to ensure that all of your claims are submitted correctly and that they are sent to the correct payer.
- Payment posting and tracing: We help you track payments from insurance companies and ensure that they are posted to your account correctly. We do this by matching payments to claims and by providing you with monthly reports that track your revenue cycle performance.
- Claims collection: We help you collect outstanding payments from patients and insurance companies. We do this by contacting patients and insurance companies to follow up on outstanding payments. We also help you to negotiate payment plans with patients and insurance companies.
- Reports and analytics: We provide you with monthly reports that track your revenue cycle performance. These reports include information on the number of claims submitted, the number of payments received, and the amount of money collected. We also provide you with an analysis of your revenue cycle performance so that you can identify areas for improvement.