Revenue is lost on a daily basis for medical practices due to:
CBS takes pride in it's payment rate of 98% of all claims going to the insurance company correct the first time through our E-Intelligent Business model. Your claims are "scrubbed" five time prior to it being sent to the insurance company for processing and payment. The E-Intelligent Business model recognizes and addresses the finite details that are consistently missed before the claim is sent to the Clearinghouse or Insurance Company, getting you paid faster!
As a Provider, you studied to practice medicine; at CBS we have allied health educated staff who love their jobs! Our clean claim rate is 98% of all claims submitted get reimbursed by the insurance company the first time!
Claims denial rates across the U.S. are at 75% of all claims submitted to insurance companies. So only 25% are actually paid by the original claim submission. Out of that 75% that are denied only 25% are actually appealed; the 25% that are appealed only 5% actually get paid due to the appeal sent.
The rest is ALL lost revenue; with reimbursement rates for Providers on the decline, how can you not afford to use
CBS as your billing service?
CBS strives to create a 0% TIMELY FILING & 25-50% decrease in general claim denial rates and less than 3% of claims written off due to inadequate information for your office.
What Are Your Procedures For Patient Billing and Statements?
You decide exactly how we will interact with your patients. We work with you to set up a system that handles your patients precisely as you direct.
Does Caduceus Billing Service Assist Patients With Billing Inquiries?
Yes, patients have access to our friendly staff via our patient helpline for any questions regarding their claims or statements (8 a.m.-7 p.m. weekdays).
We recognize that our interactions with your patients have a direct impact on their impression of your practice. Our specialized Customer Care professionals will respond to billing inquiries promptly, and with the utmost consideration and professionalism.
CBS takes pride in getting your claims processed quickly and correctly the first time. Our submitted claims have a average turn-a-round time of two weeks. This creates happy Providers and happy patients as well. No more "surprise billing" for patients months after their visit. CBS offers peace-of-mind that we do your billing with Integrity, Honesty & Professionalism.
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