Uncover the inefficiencies in your billing workflow that are stripping you of your rightful reimbursements and straining your revenue cycle with NeuraBill’s medical billing audit services.
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Our comprehensive medical billing audit services are tailored to examine all aspects of your billing cycle. NeuraBill’s billing audit team pinpoints areas requiring improvement and uncovers hidden revenue opportunities. The result? You see transformation in your practice’s financial processes for long-term prosperity
Aging AR Analysis
Revenue Leakage Identification
Denials & Rejections Audit
Payment Posting Errors Review
Collection Ratio Evaluation
Custom KPIs Verification
Our team reviews your accounts receivable (AR) to identify long-standing unpaid claims and differentiate between recoverable income and non-recoverable debt. This medical billing audit enables practices to optimize collection strategies and accelerate the recovery of outstanding balances, ensuring a steady cash flow.
In this billing audit, we perform an in-depth analysis of your denials and rejection trends to determine the common reasons. It involves looking for causes, such as payer-specific issues, inadequate documentation, and coding errors. The audit report enables you to prevent future denials and improve claim first-pass ratios.
Our revenue cycle audit team performs it by evaluating the effectiveness of your payer follow-up workflow and payment posting process. Practices opt for this service to uncover opportunities to supercharge collections. It is done by capturing maximum reimbursements against rendered services.
This audit identifies revenue leakage points across your entire billing cycle. Our team searches for unbilled services, missed charges, undercoding, and other billing workflow inefficiencies that lead to a strained revenue cycle. The report will help you capture all earned income.
Our medical billing audit team carefully reviews pending ERAs/EOBs and past payment postings for accuracy. This audit is integral for uncovering discrepancies such as unapplied credits and reconciliation issues. Besides, it helps you ensure accurate and precise financial records.
If you want us to verify custom KPIs, then our medical billing audit services are exclusively for you. Our team reviews the revenue cycle against relevant factors. This audit report ensures accurate measurement of critical operational and financial aspects for targeted improvement.
Our comprehensive medical billing audit services are tailored to examine all aspects of your billing cycle. NeuraBill’s billing audit team pinpoints areas requiring improvement and uncovers hidden revenue opportunities. The result? You see transformation in your practice’s financial processes for long-term prosperity
Our team reviews your accounts receivable (AR) to identify long-standing unpaid claims and differentiate between recoverable income and non-recoverable debt. This medical billing audit enables practices to optimize collection strategies and accelerate the recovery of outstanding balances, ensuring a steady cash flow.
In this billing audit, we perform an in-depth analysis of your denials and rejection trends to determine the common reasons. It involves looking for causes, such as payer-specific issues, inadequate documentation, and coding errors. The audit report enables you to prevent future denials and improve claim first-pass ratios.
Our revenue cycle audit team performs it by evaluating the effectiveness of your payer follow-up workflow and payment posting process. Practices opt for this service to uncover opportunities to supercharge collections. It is done by capturing maximum reimbursements against rendered services.
This audit identifies revenue leakage points across your entire billing cycle. Our team searches for unbilled services, missed charges, undercoding, and other billing workflow inefficiencies that lead to a strained revenue cycle. The report will help you capture all earned income.
Our medical billing audit team carefully reviews pending ERAs/EOBs and past payment postings for accuracy. This audit is integral for uncovering discrepancies such as unapplied credits and reconciliation issues. Besides, it helps you ensure accurate and precise financial records.
If you want us to verify custom KPIs, then our medical billing audit services are exclusively for you. Our team reviews the revenue cycle against relevant factors. This audit report ensures accurate measurement of critical operational and financial aspects for targeted improvement.
Partnering with the right medical billing audit company is key to preserving your practice’s financial health. If you are a provider struggling with the intricacies surrounding revenue cycle management, know that you are not alone. Many practices face this issue since they lack the expertise to navigate it. Even though some have an in-house billing team, they still find themselves overburdened with costly denials. So, what exactly goes wrong?
Either they don’t conduct regular audits, or the firm they outsourced the audit to is not good enough. However, with a blend of expertise, cutting-edge technology, and a client-centric approach, NeuraBill stands as a leading billing audit company. Our team identifies issues and works towards empowering practices to secure revenue and optimize operations.
With our billing audit, you realize revenue opportunities, maximize collections, and attain stability.
During the billing audit, we strive to ensure your practice complies with all regulations and policies.
We identify the common denial reasons to provide actionable insights and prevent future rejections.
Our medical billing audit services streamline your revenue cycle and reduce administrative burden.
Clean Claims Rate
First Pass Ratio
Revenue Increase
Collection Ratio
Days In AR
Our medical billing audits offer a detailed insight into your practice’s revenue cycle. We follow a checklist to identify the inefficiencies in the billing workflow and the resulting revenue loss. Based on the analysis, we submit a comprehensive audit report to help you make data-driven decisions.
A high denial rate can negatively impact your practice’s financial performance. The process of identifying denial reasons can easily overwhelm practices. However, our denial management specialists deduce the top 10 denial and rejection reasons, enabling you to apply preventive strategies.
Many factors contribute to revenue leakage, but finding these weak points in your revenue cycle requires attention to detail. With NeuraBill’s medical billing audit services, you uncover these revenue gaps. Knowing how you are leaving money on the table makes it easier to take corrective measures.
Mounting outstanding balances and inefficient AR recovery lead to an unsteady cash flow. When you acquire our medical billing audit services, we review your accounts receivable to determine which balances are recoverable. It is an essential analysis that helps you assess your financial standing.
Errors in coding and documentation lead to payment denials. Our medical billing and coding audit team reviews your billing workflow. We look for issues such as common coding errors, missing modifiers, and inadequate documentation. Once you know the gaps, you can tweak your workflow accordingly.
Errors, such as misapplied payments and unallocated funds, give a wrong impression of the accounts receivable. Therefore, all records must be accurate to avoid misrepresentation in billing audit reports. Our medical billing audit services include financial data analysis to ensure record accuracy.
An ineffective appeals process leads to more denials. As a result, your practice loses more revenue. Our expert team evaluates your appeal strategies and identifies core issues. This data helps you employ efficient methods (resubmission, follow-up, evidence presentation) for timely resolutions.
Our services are not limited to RCM audits only! We also empower healthcare practices with post-audit support and solutions. Our full-stack services are tailored to your specific needs and include denial management, outstanding balance recovery, credentialing, medical billing, and coding.
So, if you do not know how to proceed once you receive your detailed audit report, NeuraBill is ready to guide and serve you. Our team reviews the findings presented in the report and walks you through the best corrective and preventive actions. The best part is that we have a team comprising certified billing professionals (CPCs), billing specialists, AR and denial management experts, and credentialing maestros ready to work as an extension of your existing team. With our complete support, you can turn your practice around and enjoy financial success!
Are constant claim denials and aging accounts receivable disrupting your practice’s revenue cycle? Have you tried everything but still cannot understand why your claims are getting rejected? Request a FREE medical billing audit from NeuraBill today. Our team will review inefficiencies in your billing workflow and offer actionable insights.
Request a Free Audit
Yes, at NeuraBill, we take pride in empowering practices with free medical billing audit services. Contact us now by filling out a short form. Our medical billing audit expert will collect the necessary data to perform a thorough analysis and generate a detailed report with actionable insights.
You can never have too many billing audits. Why? Because the complex regulatory landscape and billing requirements have no room for errors. Now the question is, are you planning to do it internally or take professional help? Conduct quarterly audits, including medical coding audits, if you plan to do it in-house. However, if you are outsourcing the task to one of the many medical billing audit companies, you should ensure at least one audit annually.
Our medical billing auditing services include the review of your entire revenue cycle. We typically analyze AR aging, top 10 denials and rejections, collection rate, denial rate, and identify revenue leakage factors, payment posting errors, and pending ERAs. We also verify custom KPIs crucial to your practice.
Our expertise is not limited to finding gaps within your revenue cycle. We can also fix the issues with our post-audit support services. These include medical billing and coding, old AR recovery, denial management, credentialing, and revenue cycle management.
Yes, our medical billing auditing services are 100% HIPAA-compliant. We employ robust security protocols, strong encryption, and regular staff training to ensure the complete privacy of sensitive patient data.
