One-Stop Solution For Revenue Cycle Management Services

Medical Billing Company

Simplifying Your Healthcare Revenue Cycle

Medical Billing Company

We are here to help you simplify your Revenue Cycle Management. We follow a meticulous approach. Our services allow you to optimize your revenue, decrease outstanding accounts receivables, reduce bad debt and minimize average days in Account Receivables.

Our team of highly skilled and experienced professionals manages the process of eligibility verification for each patient. The verification is done at least two days before their appointment or procedure, which helps to improve your first pass claim ratio. It also gives you the time to make informed decisions about the diagnosis or treatment you provide and the amount you must collect from your patients when they visit you.

Transforming Businesses

Practolytics is one of the leading multi-speciality billing company serving more than 28+ medical specialities

Claims processed annually

States covered

HIPAA compliant

Active Providers

Providing End-to-End Claims Management Solution

Medical Billing Solution

We provide end-to-end claims management solution. Leave the finance aspects of the practice to us and reserve your focus for patient care. We will ensure accuracy in the charges that go out and the payments you receive. You can be worry-free.

We use our proven technology solutions to improve efficiency & productivity thereby reducing your AR days.

Our solution includes but not limited to the following:

PM/EMR system & RCM process

Credentialing

Eligibility & Benefits Verification

Pre-authorization

Medical Coding

Claims Submission

Patient Calling Solution

Statements

Account Receivables Management

Payments Reconciliation and Posting

Medical Billing Solution

We make sure, we have got your back

We understand your problems, know the glitches where they occur, and we are here to solve them for you.

orange tick Improve claim tracking

black-tick Make patient’s data accessible

icon-1 Zero paper works & errors

icon-1 Re-define patient care

orange tick Prudent financial reporting

black-tick Rationalize medical coding

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    Customer Stories

    Three years ago I started a dermatology practice. Six month into my start up I had received approximately $15,000 and I had $115,000 in my accounts receivables. I had put my wife’s and my entire savings and every penny we had into this practice, not forgetting to mention, our hearts and souls. We were three weeks from not making payroll when Practolytics contacted us.

    Dr. Scott Schlauder – MD Daystar Skin and Cancer Center, Florida

    Customer Stories

    It’s a great pleasure to write a letter of recommendation for Practolytics and its staff. I am extremely pleased with the quality of services and knowledge they provide to our clinic. Our group practices in Central Florida and we have been with Practolytics since 2014. I am fully confident that our claims are submitted efficiently, information is inputted accurately, and attention to detail will always be a priority.

    Cecil Roberts – Administrator Physiomed Inc., Florida

    Customer Stories

    One of the most “Can Do” companies I’ve ever worked with. They personally take it upon themselves to see to it that my company thrives. Very responsive to the nuances of my small company, yet always make me feel just as important as their larger clients.

    Jeff Angeline – Owner Angeline Physical Therapy, Ohio

    Customer Stories

    Mobile version
    Dr. Scott Schlauder
    Jeff Angeline

    Insight on end-to-end Revenue Cycle Management

    Customized billing services solution

    FAQs about Medical Billing

    Will Practolytics submit claims on the practice behalf?

    Yes, we are partnered with state of the art PM/EMR system and clearing house, we will take care of your electronic as well as paper claim submission.

    What is the TAT/lag days for claim submission?

    We submit claims within 24-48 hours from the charge receipt time. You will have access to the lag days through the PM/EMR system as well as through several reports.

    Will we have full access to view our claims and payment details?

    Yes, based on your request, your staff will be provided with full access to the system where you can review your claims and payments.

    Whom do we reach out to on our billing and collections questions?

    You will have a dedicated account manager who will be available on email and phone.

    Does Practolytics send daily billing and collection status?

    Yes, you will be receiving daily emails on the billing and collections.

    How often do you work on rejections and denials?

    The clearing house, payer rejections and denials gets worked on daily basis and gets shared with practice on weekly basis in a consolidated report.

    Do you collect EOBs/ERAs and post them into the system?

    Yes, we reconcile all the ERAs/EOBs and it gets posted on daily basis.

    What reports will be provided from your end?

    You will have full access to the reporting module of the billing system and any and all customized reports can be shared with the practice on request. Once decided these reports will be shared with you in scheduled intervals. Our reports include but not limited to: charges Vs payments, patient volume, CPT volume, payment per encounter, payer mix charges, payer mix payments, provider/location wise reimbursement reports, payroll reports, outstanding insurance and patient AR reports etc.

    Do you send statements to patients?

    Yes, statements are sent to patients on regular intervals. The billing cycle can be customized based on your business requirements.

    What if our patients have questions on their bills, whom do they reach out to?

    We have dedicated customer service experts working based out of our South Carolina office and they will assist the patients with their questions on bills and payments.

    Do you work with any collection agency?

    We have a partner collection agency based out of South Carolina and we also work with collection agencies of your choice.

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