Claim Processing Companies
Does claims processing take too much time? Are you not able to focus on your critical activities due to a pile of claims? Do you have a lack of resources that can deal with accurate claims processing? In such a way, the best option for your business is to hire a competent claims processing company. Experienced claims processing firms can help reduce the denial number and provide you with a considerable amount of time to settle other important issues. The top claims management companies offer a wide range of services related to claims for compensation, restitution, reparation, and any other remedy for financial loss or contract violation. These companies process various types of claims, deal with the paperwork and administrative duties, and offer professional counseling. As a rule, claim processing companies offer the following services: setting up of the First Notice of Loss, verification and validation of claims, claim support and auditing, assessment services, claims processing services, claims adjudication services, reconciliations, subrogation, early retirement, maturities processing, withdrawals, account settlement, disbursement, file closure, and many others.
We have compiled a list of the top claims management companies to improve your business. So do not hesitate one hire the best claim processing company.
List of the top claim processing companies
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4D Global
4D Global is an analytical-driven, tech-savvy Revenue Cycle Management company providing services to USA-based medical billing companies. Its main purpose is to help medical billing companies easily scale their teams and improve profitability. Nowadays, the company has two offices - one in Arizona, the USA, and one more in Chennai India.
The 4D Global’s formula of success is a combination of rich expertise in medical billing and the ambition to exceed expectations in efficiency, accuracy, and support.
The list of provided services includes:
- Data entry;
- Payment Posting;
- Denial Management;
- A/R Follow-Up;
- Provider Credentialing;
- Credit Balance Resolution;
- Eligibility and Benefits.
Advantages of partnership with 4D Global:
24/7 availability and support;
Best-of-the-breed billing experts;
Extensive training;
Security and compliance.
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Acelerar Technologies
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Bay Business Group
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BillingParadise
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Cogneesol
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Datascribe LPO
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Revele
GroupOne Health Source is now Revele! Revele is a full-service medical billing, transcription, technology, and consulting firm dedicated to improving the revenue cycle management and operations for medical groups and health systems across the U.S.
We focus on the business side of medicine, so that our customers can concentrate on patient care. Our products and services enable a healthcare business to maximize revenues, control costs, reduce compliance risks and streamline their operations for a profitable future.
Revele's expertise on multiple EHR software systems combined with 25 years of medical reimbursement wisdom and knowledge has helped thousands of providers increase revenue while controlling costs. Contact us today to learn how you can get started.
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Infinit-O Global
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Insurance Support World
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Magellan Solutions Outsourcing Inc
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Navigant PACE
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OptimumSource
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Premier BPO
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Srisys Inc
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Strong Vision Data Processing
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Taskforce BPO
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Xplore-Tech
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Benefits of hiring a claims processing company
More often than not, claiming compensation can be rather challenging. It can take a ton of time and effort, leading to your company's productivity deterioration. But if you delegate this task to a professional claim processing company, your business will experience the following advantages:
- Reduction of management efforts as you will not have to deal with a claim registering, information collection, required documents compiling, and claim assessment expedition;
- Reduction of time required to fill and process claims;
- Help in defining the party responsible for the harm and the amount of compensation;
- Investigation as for the contract violation, and who's responsible for it;
- Getting of cost-effective services which can help to decrease the number of denials;
- The increase of your chances to recover the claims;
- Access to talented staff without having to hire additional personnel;
- Regular reports on claim statuses and work progress;
- Duplicate claim detection.
The hiring of a reliable claims processing company can be significantly beneficial. It is particularly helpful for fast-paced firms that can't afford to invest resources into claim processing. If you or your company is a party to a claim, you should not hesitate to entrust the job to experienced professional claims processing firms. Top claims management companies are able to deal with all types of claims.
Most professional claims management companies typically provide three main types of claims processing services:
Advisement
Claims processing companies provide their clients with professional pieces of advice to clients regarding their claims on a particular financial product.
Representation
The claims processor works on behalf of clients to enable you to get in full the amount you are entitled to. In such a way, trusted claims processing companies run their business.
Claims Investigation
Trustworthy claims processing firms thoroughly investigate claims. Therefore they can collect indisputable pieces of evidence from trusted sources about the grounds or merits of a particular claim.