Frequently Asked Questions
Medical Billing & RCM: Your Questions Answered
What services does Iconic MBS provide?
Iconic MBS offers end-to-end medical billing solutions, including revenue cycle management (RCM), medical coding, claims processing, denial management, accounts receivable (AR) follow-ups, and medical transcription services.
Why should healthcare providers outsource medical billing?
Outsourcing medical billing enhances operational efficiency, reduces administrative burdens, minimizes claim denials, accelerates reimbursements, and ensures compliance with regulatory requirements, allowing providers to focus on patient care.
Which medical specialties do you support?
We provide billing services for a wide range of specialties, including cardiology, neurology, dermatology, orthopedics, internal medicine, and family practice, ensuring accurate coding and optimized reimbursements.
What is Revenue Cycle Management (RCM), and why is it essential?
RCM is the financial process that manages claims processing, payment collection, and revenue optimization. It ensures accurate billing, reduces revenue leakage, and enhances the overall financial health of healthcare practices.
How does Iconic MBS handle claim denials and rejections?
We conduct a detailed analysis of denied claims, identify root causes, implement corrective measures, and promptly resubmit claims to maximize reimbursement and minimize revenue loss.
Does Iconic MBS provide medical coding services?
Yes, we employ certified medical coders who ensure accurate ICD-10, CPT, and HCPCS coding, reducing claim denials and maintaining compliance with payer requirements.
How does Iconic MBS ensure HIPAA compliance?
We strictly adhere to HIPAA regulations by implementing robust security protocols, encrypted data transmission, secure access controls, and regular compliance audits to protect patient information.
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