Medical Billing Company in USA | Medical Billing Services Company - Mediknocx

Mediknocx Healthcare Revenue Cycle Management Services

Mediknocx USA is a medical billing and practice management company. Turn to us when you need customized, adaptable solutions for all the services you need to make running your practice easier—end-to-end revenue cycle, medical coding and credentialing services. If you're an office-based physician practice, a hospital-based practice, a laboratory, a billing company or another related business, talk to us about how we can help you alleviate your staffing, A/R and reporting challenges.

Partner with Mediknocx RCM for Optimal Healthcare RCM Solutions. Gain access to a dedicated team of professionals committed to improving your revenue cycle management.

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Boost Revenue With Healthcare Revenue Cycle Management (RCM)

Our Revenue Cycle Management Services Include

Medical Revenue Service by Mediknocx, generates and collects payments for the services a provider provides to their patients. It’s a complete RCM solution managing end-to-end RCM operations like patient registration, insurance verification, coding, billing, and collections. Our RCM billing company optimizes revenue cycle for better financial outcomes of the physician’s medical center.

What “end-to-end service” means for you

Every Mediknocx USA client gets the tools that help you achieve maximum accuracy, efficiency and—most importantly—revenue.

Medical Practice Management System

Complete Practice Management Reporting

Software Support

Healthcare Compliance

Optimized RCM

Optimized RCM

Mediknox medical billing consultancy service optimizes the revenue cycle end-to-end to accelerate patient intake, expedite claims, and maximize collections. The result? More cash on hand, lower expenses, and happier patients.

Increased Revenue

Increased Revenue

Mediknock medical billing consultation group works closely with health centers to guarantee claims are submitted properly. with reimbursements coming in "full" and "on time", health facilities thrive. As consultants, we enable long-term revenue growth.

Fast Claim Processing

Fast Claim Processing

Mediknox medical billing consulting solutions optimize doctor cash flow. Our consultants identify issues delaying payments and provide electronic claim processing solutions for faster payouts.

Benefits of outsourcing

Importance of Choosing Mediknocx Revenue Cycle Management Service in Medical Billing

Managing a medical practice's finances is complex. Between evolving regulations, strict insurance policies, and patients with expectations higher than Mt. Everest – it's a recipe for revenue leakage, cash flow disaster, and operational chaos. Luckily, the medical revenue cycle management (RCM) experts at Mediknocx can restore your practice to full financial health. Our certified coders ensure accurate billing and coding to stop revenue leakage. Our enrollment specialists secure contracts with top commercial payers to expand your patient pool. And our billing experts work diligently to collect every dollar your practice earns. So don't let medical finances frustrate you.Mediknocx Medical Revenue Service has the cure for what ails your practice's finances. Call today to experience how we align a provider's whole revenue cycle process to maximize collections while delighting patients.

Medical Coding Services

Benefits of outsourcing

Comprehensive RCM Solutions

Our comprehensive revenue cycle management solutions are designed to bridge the gap between services provided and payment received. We assist healthcare providers in identifying potential clients, accelerating cash flow, enhancing revenue streams, and minimizing billing errors. By outsourcing financial management to our team of experienced professionals, healthcare organizations can focus on delivering exceptional patient care while we handle the complexities of the revenue cycle. Let us help you achieve financial stability and growth with our tailored solutions.

Cost Efficiency

Reduce overhead costs and avoid expensive billing errors.

Expertise Access

Gain access to specialized knowledge and industry best practices.

Faster Claims Processing

Improve the speed and accuracy of claim submissions and reimbursements.

Enhanced Focus

Allow healthcare providers to focus on patient care rather than administrative tasks.

Scalability

Easily adjust to fluctuating patient volumes and regulatory changes.

Compliance Assurance

Ensure adherence to the latest healthcare regulations and compliance standards.

You are a professional in your field. But are you getting paid like one?

We help practices achieve a record revenue growth of up to 30%

Claim your FREE practice audit to learn how!

Mediknocx offers revenue cycle care, with billing at its core

Our unique approach to medical billing is how Mediknocx RCM Service delivers measurable improvements to the revenue cycle process. The SmartClaim system we developed in-house analyzes billing codes and clinical documentation to catch issues before claim submission. This technology achieves first-time acceptance rates upwards of 98%, putting money back in our providers' pockets faster.

Revenue Optimization

Achieve revenue cycle success via Mediknocx coding excellence

Mediknocx medical revenue service boosts revenue cycles through expert medical coding. Our acclaimed Mediknocx Coding technology reviews medical charts and identifies high-value codes. Our coders, armed with CPC certifications, then examine each chart to find revenue escalation opportunities algorithms miss. Through this man-machine symbiosis, Mediknocx delivers an RCM solution that promises more revenue for your healthcare facility.

Revenue Optimization

Optimize your revenue via Mediknocx audit and insight

Our audit specialists utilize the Mediknocx Revenue Integrity process to analyze your current revenue cycle, uncovering exactly where coding and billing improvements will have the biggest impact. Our billing consultants then design targeted solutions to resolve those defects. We treat your revenue cycle as a whole and prescribe the best healthcare revenue cycle management remedies to make it stronger.

Revenue Optimization

RCM ROI CASE STUDY

Up To 30% Revenue Increase In Next 12 Months

With Mediknocx Medical Revenue Service (Case Study)

Performance Comparison

Charges (on average)
In-House
$142,000.00
Mediknocx
$142,000.00
Gross Collection Rate (GCR)
In-House
$60,000 (42%)
Mediknocx
$77,000 (54%)
+12%
Billing Costs
In-House
$6,000
Mediknocx
$4,000
-$2,000
$197,000
≈ 30%

Yearly Net Benefit

(monthly gross collection × 12 months)

Overall collection increase

Increased Efficiency

Streamlined processes reduce administrative burden and improve turnaround times significantly.

Reduced Errors

Expert coding and billing practices minimize claim denials and rejections effectively.

Cost Savings

Lower operational costs while maintaining or improving collection rates consistently.

Disclaimer: The actual results may vary depending on various factors such as the size of the facility, the number of providers, the type of services offered, the payer mix, the billing efficiency, and the market conditions.

End-to-End RCM Service Features by Mediknocx

You have nothing to lose and everything to gain with Mediknocx Medical Revenue Cycle Management features. This means our healthcare RCM service is the partner you can trust for your revenue cycle success.

Charge Entry Feature

  • Claim creation, validation, and transmission
  • Entering valid super-bill information
  • Claim approval confirmation
  • Claim status tracking

Remittance Processing Feature

  • Processing of payments from the payers
  • Processing of adjustments and denials
  • Reconciling payments to the provider's claims

Insurance Follow-Up Feature

  • Following up with payers for unpaid claims
  • Following up with payers for underpaid claims
  • Contact payers on a provider's behalf
  • Negotiating and resolving claim disputes

KPI Reporting & Analytics

  • Monitors your key performance indicators
  • Analyzes days in accounts receivable
  • Analyzes claim denial rate and collection rate
  • Comprehensive and customizable reports
  • Advanced data visualization tools

Patient Collections Feature

  • Collecting patient payments
  • Managing initial statement + final notice
  • Sending clean bills and reminders to patients
  • Convenient payment options for patients

A/R Management Feature

  • Reduces the aging of outstanding A/R
  • A/R workflow optimization
  • Claim approval confirmation
  • Collecting A/R collections from the payers and patients

Coding and Documentation

  • Coding provider's services compliantly
  • Using the latest coding standards and guidelines
  • Capturing relevant details that support a provider's claims
  • Justifying a provider's reimbursement for their services
  • Performing medical bill audits

Charge Capture Feature

  • Capturing and validating the service charges
  • Leveraging charge sheets and EHRs
  • Ensuring charges are consistent with coding and documentation
  • Reconciling your charges with your claims
  • Reconciling charges with your contractual agreements with the payers

Contract Management

  • Managing contractual agreements with the payers
  • Determining how much you get paid for your services
  • Reviewing and negotiating your contracts
  • Monitoring the contracts' compliance
  • Analyzing the contract performance
  • Using metrics like contract yield and case mix index (CMI)

Mediknocx RCM Medical Billing Has Got The Solutions For Providers' Revenue Growth

Transform your healthcare practice with our comprehensive revenue cycle management solutions

Poor Cash Flow

Providers struggle with maintaining a steady and predictable cash flow due to various factors such as bad debt and underpayments.

Better Cash Flow

Our Mediknocx RCM service reduces the bad debt and underpayments by ensuring accurate and timely claim submission and follow-up.

Mishandled A/R

Providers face challenges in managing their accounts receivable (A/R) due to the complexity and variability of the process.

Managed A/R

Our healthcare RCM solution provides visibility into A/R performance, such as days in A/R, A/R aging, and A/R turnover.

Misaligned Payer Compatibility

Providers struggle complying with multiple payers, as well as different claim types, like fee-for-service, value-based, and capitated.

Aligned Payer Compatibility

Our flexible and scalable RCM platform adapts to the changing payer requirements and maximizes provider's reimbursements.

High Denial Rates

Providers experience is a high rate of denials from payers, that give negative impact to their revenue and also to their cash flow.

High Recovery Rates

Our proactive and preventive approach resolves the root causes of denials to boost denial recovery rates and revenue integrity.

More Admin Workload

Denials reduce the provider's revenue collection and increase their workload as they have to appeal and resubmit the claims.

Automated Process

Our RCM experts and EHR platform automate the manual work and perform claim submission with utmost accuracy.

Unsatisfied Patients

Patients are becoming more empowered consumers of healthcare services, so providers find it hard to ensure patient satisfaction.

Satisfied Patients

Our RCM service offers a patient-centric platform to improve the patient-payer relationship via telehealth features.

Complicated Patient Management

Providers struggle with the increasing patient financial responsibility due to high deductible health plans (HDHPs) and self-pay patients.

Automated Patient Management

Our medical billing platform automatically estimates and communicates the patient's out-of-pocket costs before the service.

REPORTING & ANALYTICS FEATURES

Choose Mediknocx RCM Billing Company For Complete RCM Reporting

1

Data Insights

See the key metrics and trends of the revenue billing process in a comprehensive and interactive analytics dashboard. You can compare your performance with industry benchmarks and identify areas for improvement.

2

Quick Feedback

Communicate with our RCM experts, your patients, and the insurance payers instantly through the integrated chat system. You can ask questions, share feedback, and resolve issues in real time.

3

Detailed Reports

Drill down into the details of your revenue cycle with our customizable and granular reports. You can filter, sort, and export your medical billing data according to your needs and preferences.

RCM Continue

Multi-Specialty Support

Manage multiple facilities and locations with our RCM reporting dashboard. You can view and compare the data of different sites and groups in one place. Dedicated dashboard for each specialty.

Data Security

You can rest assured that your data is safe and secure. We use the latest encryption and authentication technologies to protect your data from unauthorized access and breaches.

Data Integration

You can integrate your data with other systems and platforms with the Mediknocx RCM reporting dashboard. We support various formats and standards to ensure seamless data exchange and interoperability.

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Mediknocx medical billing and auditing affordable services

Outsourcing your healthcare billing and coding services can lead to significant improvements in operational efficiency, cost savings, and overall financial performance. By entrusting these tasks to specialized experts, you can focus more on patient care and less on administrative challenges. Mediknocx offers tailored RCM solutions for healthcare providers, ensuring efficient billing and optimized revenue cycles. Our expert team understands the unique needs of medical practices, delivering compliant and accurate billing services. Enhance your financial performance with our specialized RCM solutions for healthcare professionals.

Cost Efficiency

Reduce overhead costs by outsourcing billing tasks to experienced professionals who handle everything with precision.

Access to Expertise

Benefit from the knowledge of specialized billing and coding professionals who are up-to-date with industry regulations.

Improved Accuracy

Minimize errors in billing and coding, leading to faster reimbursements and fewer denials.

Enhanced Compliance

Stay compliant with ever-changing healthcare regulations without dedicating in-house resources to manage this complexity.

Focus on Patient Care

Free up your time and resources to concentrate on providing quality care to your patients.

Scalability

Easily scale your billing operations up or down depending on your practice's needs, without the hassle of managing extra staff.

Medicare Billing Services

Medicare Billing Services

Provider Enrollment Consultancy

Provider Enrollment Consultancy

Reimbursement Forms Filing Support

Reimbursement Forms Filing Support

Consultation on EHR Adoption and Integration

Consultation on EHR Adoption and Integration

Medicare Billing Services

Medicare Billing Services

Medicare billing is complex, but profitability is simple with our consultants. We combine billing expertise with practice-specific revenue solutions. The result? Maximum, hassle-free Medicare reimbursements. Let us design a roadmap to financial success for your practice.

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Operational Stability For Maximum Quality

Become part of the Mediknocx family

Partnered with the leading HIT and healthcare experts, we bring operational stability within a medical practice. Consequently, it enhances the quality of care, as you must maintain it. In addition, Mediknocx brings seamless procedures to ensure maximum revenue generation from the same practice. Similarly, we ensure maximum profitability with our cost-effective HIPAA Compliant solutions. Our practice management experts can streamline all the administrative tasks at your practice. Also, you can focus on the care delivery and ensure patient satisfaction. We help you to achieve a stress-free operational mechanism for your medical practice. Further, you can optimize the quality of your practice workflow. Moreover, achieve operational stability with us.

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