RCM SOLUTION

Top RCM Company in USA | Revenue Cycle Management Solution - Foxibe Innovations

We have been recognized as one of the top 10 most promising RCM solution providers in 2021. We are the top Revenue Cycle Management in USA and best Medical Billing Services Company, Vendors in USA. According to industry standards, Revenue Cycle Management (RCM) goes beyond the basic function of billing to comprise claim processing and denial management, patient payments, medical coding and billing, and revenue generation

At Foxibe Innovations, we deliver the best-in-class revenue cycle management services to help hospitals and individual physicians to achieve better financial performance.

Medical Billing & Coding

With our team of experienced coding professionals (HIPAA Compliant), we make sure that we meet your expectations when it comes to billing and coding.

Accounts Receivable & Denial Management

Our medical billing team ensures to find the unpaid claims and keep our clients stay informed about them. This way, clients can get their payments without any hassles.

Enrollment

As we automate your enrollment process, you don’t have to worry about the burdensome paperwork

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Patient’s Demographics

All required information from your patient such as Name, Address, Phone, Address & Insurance details gets registered on your dashboard. Besides,

Digital Health Records

Be organized and stay on top of things by managing the health records of your patients digitally. No more hectic paper documentation.

Patient Calling & Insurance Calling

We coordinate with the patient and the insurance provider to solve the insurance coverage queries on your behalf.

Apart from the above service, we also specialize in;

Patient scheduling, eligibility verification, benefit determination, obtaining a referral, and authorization notes, and generating patient statements.

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Medical Billing

Our hub, Chennai, India has the highest concentration of highly trained medical billing professionals per capita anywhere in the world. We have experience and expertise in the medical billing and coding procedures which enables us to deliver high quality and accurate results on time. With over years of experience especially in the Healthcare BPO domain, Foxibe Innovations provides a comprehensive medical billing services. Foxibe Innovation’s dedicated and experienced medical billing and collection professionals have in-depth and up-to-date knowledge of various healthcare procedures, plans, processes, and challenges.

Stop revenue leakage and get paid faster with our automated claims process. Also, manage all your billing data in a single dashboard.

A/R Management Services

Improve financial performance and operational efficiency by leveraging our Accounts Receivable Management service.

Digital Health Records

Be organized and stay on top of things by managing the health records of your patients digitally. No more hectic paper documentation.

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ABOUT OUR MEDICAL BILLING SERVICES

Many healthcare providers choose to outsource their medical billing requirements to a greater returns and uphold business operations. Outsourcing medical billing and coding services can help you avail faster claims at lesser costs.

Medical Billing Service refers to the process by which a health insurance claim is prepared and submitted to a third party payer for reimbursement. The health insurance claim is generated in a prescribed format.

Functions of a billing company:

A medical billing center, or medical billing outsourcing agency, gathers patient information and billing details from a physician and submits these details to insurance carriers for payment. A billing center may also submit statements to patients for payments of their portion.
Enrollment:
Takes care of enrolling new physician in a contract. Coding Department: Here, charge sheets and super-bills are coded for Procedure Codes (the treatment that took place) and Diagnosis Codes (the reason for the patient's visit to the doctor).
Demographics Entry:
All-patient's personal information like his Name, DOB, address, phone #, guarantor name, employer details, and Insurance details will be registered.
Charge Entry:
Generating a claim for payment by billing procedure codes.
Transmission of Claims:
Transmission of claims to Insurance Companies.
Cash Posting:
Update payment records and zero out the balance.
Accounts Receivable:
Follow up on pending claims and generating ageing reports.

Medical Billing services @ Foxibe Innovations:

Foxibe Innovation is the top & best Medical Billing Outsourcing Services Company in USA, while outsourcing your Medical billing requirements to a service provider, ensure that the service provider exceeds the industry standards and compliances without settling for low quality.

Associating with Foxibe Innovations for outsourced services will provide the opportunity to:

  • Reduce payroll & operational costs.

  • Boost revenues & maximize shareholder value.

  • Improved patient and physician satisfaction.

  • Reduce staffing issues and training time.

  • Maximize efficiencies and economies of scale

  • Improve workflows; centralize services & specialization of tasks.

As a single outlet for all primary healthcare business services - transcription, coding, billing, AR follow up and Denial management - Foxibe Innovations offers reliable and cost effective solutions to today's busy healthcare industry.
We are HIPAA compliant and have a large pool of highly trained and process oriented personnel to ensure strong and timely deliverables.

The need for professional Medical Billing centers has emerged from

  • The need for doctors to maintain fiscally healthy practices.

  • Increased requirements by all insurance companies.

  • Government regulations that require doctors to file Medicare claims for their patients.

  • Detailed paper work that requires trained personnel, which are not typically included on a doctor’s staff.

  • The necessities of electronic insurance claim filing by all health care providers.

Transition Methodology - The 4 phases of the transition process:

  1. Pre-Analysis (Plan)

  2. Analysis (Design)

  3. Transition Management (Implement)

  4. Ongoing Operations (Manage)

During the Pre-Analysis stage we perform analysis of the feasibility of outsourcing and understanding your business needs.

The team from Foxibe will assess business needs, identify areas to improve, and prioritize which areas to address first. The Analysis stage will also prepare a finer process implementation plan.

In the next phase of Transition Management, we will adapt the process plan as indicated by you and emulate its process. When you have reached the On-going operations phase, you are fully integrated

Summary

Foxibe Innovations with its team of qualified and experienced personnel would provide an ideal platform to the service provider, to partner for better reimbursement of the service billed, with good Turnaround Time (TAT) and great quality of work.

Foxibe Innovations would like to tap into the highly potential market of global healthcare industry. With raising healthcare costs, increased government regulations, human resources – administrative and management challenges and ever-increasing denial of claims from insurance companies, it is time for the service providers to outsource the RCM services.

COVERED IN THESE AREAS

MEDICAL BILLING

About our Medical Billing Services:

Medical Billing Service refers to the process by which a health insurance claim is prepared and submitted to a third party payer for reimbursement.

Functions of a billing company

A medical billing center, or medical billing outsourcing agency, gathers patient information and billing details from a physician

Medical Billing services @ Foxibe Innovations

Foxibe Innovations specializes in providing customer focused Healthcare Revenue Cycle Management Services...