CollaborateMD Billing Services

CollaborateMD is a prominent cloud-based medical billing and practice management system offering diverse features for healthcare billing. We use these features to streamline and connect every complicated front and back office billing workflow, strengthening your revenue cycle management process. With our expertise, we ensure seamless integration, accurate coding, and efficient workflows, empowering healthcare providers to focus on delivering exceptional patient care while maximizing revenue.

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How Do We Simplify CollaborateMD Billing for Your Practice

We help you streamline the billing tasks through the following:

  • Integrate CollaborateMD with your existing EHR/EMR for a unified billing experience with real-time medical data.
  • Verify patient eligibility and insurance benefits coverage before scheduling appointments to reduce claims rejections and delays.
  • Check the available slots of healthcare providers and schedule appointments for patients to reduce no-show rates and cancellations.
  • Capture charges for medical services rendered with the right billing codes, such as CPT codes, ICD-10 codes, HCPCS Level II codes, modifier codes, etc.
  • Ensure compliance with various medical billing regulations such as HIPAA, GDPR, etc.
  • Use the tool’s code-scrubbing engine to detect errors or inconsistencies in claims and resolve them before submitting them to the clearinghouse.
  • Submit electronic claims to the payers, including government programs (Medicare, Medicaid), Workers’ Compensation, VA, corporate insurance (UnitedHealth Group, Anthem, Aetna), etc.
  • Post payments from the payers in multiple types in the correct patient account and reconcile them with the charges captured.
  • Receive EOBs from payers, verify covered charges, and resolve issues, if any. Initiate the appeals process to get maximum reimbursement for the services rendered.
  • Calculate the patient payment responsibilities such as copays, deductibles, coinsurance, etc. and notify them to avoid unpaid bills.
  • Generate comprehensive financial reports on claims statuses, approved claims, billing performance, etc., to make informed decisions.

    Our Comprehensive CollaborateMD Billing Services

    Patient Demographic EntryInsurance VerificationCharge Entry Medical CodingClaims SubmissionElectronic Payment PostingDenial ManagementAccounts Receivable Follow-upPatient Collections and StatementsReporting and AnalyticsCompliance and Regulatory Updates

    The Invensis Advantage for Revenue Cycle Management Services

    As an HIPAA-compliant outsourced revenue cycle management company, we have over 24 years of experience delivering healthcare revenue cycle management services to US-based health care practices. We have helped our clients adopt best practices, including prioritizing patient care, investing in advanced technology, collecting patient payments upfront, ensuring accurate charge capture, and timely claims filing. Over the years, we have seamlessly integrated people, processes, and technology to adapt to evolving legislation and industry needs. As a result, our RCM management services have helped our clients to eliminate waste, enhance efficiency, and receive comprehensive, value-based support. Our expertise has led to significant success for our clients, including a 20% reduction in claim denials and a 30% increase in collection rates. Outsource revenue cycle management services to us and reap the maximum benefits of back office support services.

    Days in AR
    -45
    Clean Claim Rate (CCR)
    %
    Denial Benchmark
    %
    Net Collection Rate (NCR)
    %
    Contact Information

    You can reach us at:

    D 45 Shyam Vihar Phase 1 Najafgarh New Delhi- 110043
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