Ensure Billing Compliance with MEDICAL BILLING AUDIT In USA Across 50 States
Maximize your income and level up your practice revenue with Surplus Revenue Group medical billing audit services
Get A Detailed MEDICAL BILLING AUDIT For Healthcare Practices
Our Team helps you to reduce billing compliance issues
Simplify medical billing audits across all your departments by partnering with leading medical billing providers and coding partners for 24-hour medical billing services. When it comes to documentation or other audit-related tasks, there’s no fuss because we handle patient data securely.
Moreover, medical billing audits enhance and strengthen billing and coding processes, ensure stricter claims processes, and demonstrate that all necessary measures are in place to avoid future errors. Plus, ensure proper revenue cycle management (RCM) processes are set to increase income.
Our expert medical billing audit team consists of compliance officers, finance managers, case managers, IT, medical advisors, and HIMs. They ensure that the medical practices can not only meet regulatory requirements. But also streamline processes and workflows to ensure higher profits through the claims process is the most rigorous and efficient.
Benefits to Hire Surplus Revenue Group
99% Claim Rate
Minimize A/R delays
Starts from 2.95% of your collections
Fewer claim denials and rejections
EHR Flexible Solutions
Dedicated Team of 1000+ Experts
Schedule an Appointment
What Is A Medical Billing Audit?
A medical billing audit is a process performed to evaluate clinical documents. Verify the accuracy, reliability, and validity of records maintained by medical facilities and review billing documents submitted to taxpayers. Auditing allows for the detection, monitoring, and correction of inappropriate billing practices.
A medical bill audit is a complex process. You will need to manage many data sources, including clinical records, financial records, accounting documents, and policy-related documents. Therefore, it is very important to gather all the information in one system and arrange it correctly
The Medical Practice Audit Process
Medical Billing Audits are considered to be crucial for the operational and financial performance of a medical practice. The process is rather simple, yet complicated because of several factors contributing to a smooth revenue cycle for medical practices.
An Internal Medical Billing Audit is highly involved in the financial affluence of medical practices as it gauges the strengths and weaknesses of the practice in order to improve its performance. Medical practices can simply type “medical practice audit companies near me” to find a quality billing company that can carry out an audit and help you improve your revenue collections and decrease account receivables.
The Medical Practice Audit Process
Auditing is an essential function in every business, in every industry. It is a great tool to ensure efficient management of revenue following rules and regulations and to identify the need to improve internal procedures. This is especially true for physicians when it comes to medical claims. Medical billing audits are two ways to improve the process of medical practice. The first is to contact the claims administrator. The second type of medical billing audit is an audit of your own business to find areas of error and how to improve the mistakes you’ve made.
Managing medical bills can be complex and costly if not managed properly. Some reasons why a medical claims audit may be required include identifying errors in medical billing audits, identifying ways to increase the likelihood of recovery, and ensuring that medical practices adhere to the latest compliance rules regarding medical claims.
Your Practice is in Secure Hands!
Yes, Medical Practices! WithSurplus Revenue Group your RCM billing audit is in safe hands, we are a completely professional and HIPAA-compliant billing company that ensures data protection. This is why it is always a good idea to outsource your billing audit to our medical billing auditors who will provide you with an eagle-eyed view of your medical practice. With our audit services, you can grow your practice without worrying about revenue leakages destroying your revenue collection rates.
Medical Billing Audits Made Secure with HIPAA Compliance
The Medical Billing Audit process is a good way to see the bigger picture when it comes to your medical practice and its overall performance. It allows you to fix all revenue leakages and contribute to better revenue cycle management. However, for medical practices, these medical billing audit templates have to be outsourced to those RCM billing companies that are completely HIPAA compliant and ensure the protection of Private Healthcare Information [PHI]. As a result, your medical practice can benefit from the audit while staying assured regarding the security of your patient’s healthcare information.
The RCM Medical Billing Audit Checklist
An audit checklist is essential for a billing and audit company to navigate the entire process. It helps in tracking all possible revenue leakages and contributes to a better revenue cycle. This is why Medical billing audits are highly critical to ensure the accuracy as well as integrity of billing practices and to prevent revenue loss and financial distress.
- Initially, search and verify the valid patient IDs.
- Verify that all the patient demographic information is accurate and complete.
- Ensure that the correct coding and billing of services are executed.
- Review the accuracy of all insurance information and payment processing.
- Ensure that claims are submitted within the required deadline.
- Check for duplicate billing and proper use of modifiers
- Verify the appropriateness of documentation supports the services billed
- Ensure that all applicable adjustments or discounts are implemented accurately.
- Evaluate ethical and legal compliance with local, state, and federal regulations in order to avoid any kind of litigation.
Call us today for the best Medical Billing Audit Service in the USA By Surplus Revenue Group
Get 24/7 medical billing support from our expert team. Our in-house medical billing auditors offer comprehensive, specialized assistance to help balance your work and life. Contact us now!
