Understanding the Challenges Hospitals Encounter
SMBT Hospital Medical Billing Services specializes in addressing the billing and Revenue Cycle Management (RCM) challenges that hospitals face, ensuring their financial stability. With our expertise and advanced EHR system, we deliver effective solutions to overcome these obstacles.
✘ Complex Billing Regulations
We understand that maintaining HIPAA compliance demands in-depth knowledge of regulations, including those related to Medicare, Medicaid, and private insurers. Our expertise ensures hospitals adhere to the necessary protocols seamlessly.
Inefficient RCM Processes
Managing the full lifecycle of patient accounts—from registration and appointment scheduling to final balance payment—can be overwhelming for hospitals due to administrative challenges. Our Hospital Billing Services streamline this process, ensuring efficiency from start to finish.
Insufficient Coding Proficiency
Accurate coding with systems like ICD-10, CPT, and HCPCS demands specialized expertise. Many hospitals lack certified coders skilled in translating medical records into these standardized codes. Our team consists of highly trained professionals proficient in these coding methods.
Real-Time Reporting Unavailable
Hospitals require in-depth analytics and reporting to gain insights into financial performance, payer mix, and reimbursement trends. SMBT’s Hospital Billing Services provide clear, actionable analytics and reports to support informed decision-making.
SMBT Billing Services are the Top Choice for Hospitals
Tired of denied claims, delayed reimbursements, and handling complex
billing tasks? Discover SMBT’s Complete Hospital Billing Services.
Efficient Claim Processing
We make optimal use of the UB-04 claim form for hospital billing, capturing all essential details about the patient's stay, procedures, medications, and more. This guarantees a complete and accurate claim submission on the first attempt.
Precise Coding & Compliance
Our experts utilize the latest hospital billing software to apply precise CPT and HCPCS codes while ensuring compliance with coding standards and HIPAA regulations. Additionally, our patented claim scrubbing and submission optimization process proactively manages denied claims.
Patient Billing Assistance
SMBT boosts patient satisfaction by delivering clear billing communication and real-time access to account details through patient portals. Our hospital billing service also includes comprehensive analytics and reporting, offering valuable insights into revenue cycle performance.
Book Free Demo
Submit your details for a free billing consultation.
Hospital Billing and Collection Services for Revenue Growth
Frustrated with denied claims, delayed reimbursements, and complex billing tasks?
Explore SMBT’s Complete Hospital Billing Services.
Tailored Solutions for Every Specialty
With expertise across 75+ specialties, we provide customized solutions to enhance billing efficiency in any field. Whether in cardiology, pediatrics, orthopedics, or dermatology, our specialized services and experts optimize your billing process for maximum reimbursement.
Boost Your Revenue by Up to 30%
Imagine the possibilities with up to 30% more revenue. Our hospital billing and collection services have helped numerous clients unlock hidden revenue opportunities, boost financial performance, and reduce operational costs.
Reliable Clean Claim Rate
With an impressive 99% clean claim rate, that’s the SMBT guarantee. Our attention to detail and commitment to accuracy ensure your claims are processed correctly the first time, every time. This speeds up your reimbursement cycle and reduces the risk of costly denials and rejections.
Top Benefits of SMBT for Hospitals
Outsourcing SMBT services helps hospitals streamline complex billing operations, save time, and boost efficiency and cash flow.
Here’s how SMBT can assist
- Prompt Account Billing
- Real-Time Reporting
- Accurate, Error-Free Billing
- Improved AR Collections
- Higher Reimbursements
- 24/7 Customer Support
- Scalable Services Anytime
- Strengthened Compliance
Boost Your Hospital's Revenue
✮ Pricing Starts at Just 2.49% of Monthly Collections!
SMBT provides hospital billing services at rates as low as 2.49%, offering hospitals an affordable solution to significantly boost their overall revenue.
Monitor Your Hospital's Key KPI Metrics
Accounts Receivable Days
AR days represent the time it takes to receive payment for a claim. Typically, AR days range from 30 to 70 days according to hospital benchmarks. To calculate, total credit sales are multiplied by the desired time frame, often a year
Collection Efficiency Rate
Net collection refers to the actual reimbursement for services rendered, typically the amount owed after all payer contract adjustments. It is calculated by dividing total payments by charges after approved write-offs, then multiplying by 100
Claim Denial Rate
The denial rate represents the percentage of claims denied by insurance payers. It is calculated by dividing the total number of denied claims by the total number of claims submitted within a specific period, typically a month or a quarter.
Claim Accuracy Rate
A clean claim is submitted accurately the first time, with no missing or incorrect information. It is calculated by dividing the number of clean claims by the total number of claims submitted during a specific period, typically a month or a quarter.
Streamline Hospital Billing with Advanced Software
SMBT provides automated hospital billing software to ensure accurate patient data, timely claim submissions, and thorough claim scrubbing to reduce denials.
- Accurate Patient Data Entry
- Timely Claim Submission and Scrubbing
- Minimized Coding Errors
- Enhanced Billing Efficiency
- Reduced Claim Denials
- Faster Payment Collection
Book Free Software Demo
Submit your details for a free billing consultation.
Request Your Free Hospital Billing Demo
Resolve RCM challenges, proactively manage denials, and convert delayed bills into payments with SMBT Hospital Billing Services.