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At Optimized Billing & Collections Services, we understand the complexities and challenges of managing billing and collections in the healthcare industry. Our experienced team is dedicated to providing tailored solutions that streamline your billing processes, reduce administrative burdens, and improve your bottom line. We specialize in billing for PT, OT, Speech, and feeding therapies in states throughout the country. Our mission is to let clinics focus on delivering exceptional patient care while we handle the complexities of maximizing revenue and streamlining collections. We’ve been in your shoes and here to help your practice thrive.
Welcome to our FAQ section, where you can find answers to common questions and learn more about our services and features. If you have any specific inquiries, feel free to explore the categories below!
Optimized Billing & Collections offers medical billing services. We understand the complexities and challenges of managing billing and collections in the healthcare industry. Our experienced team is dedicated to providing tailored solutions that streamline your billing processes, reduce administrative burdens, and improve your bottom line. We specialize in billing for PT, OT, Speech, and feeding therapies in states throughout the country.
Our fees range from 6-8% of collections, based on the complexity of services and the volume of claims processed. This payment model ensures that we only get paid when you get paid. We’re invested in the success of your clinic!
You do not need to have your own EMR or Clearinghouse. While Optimized Billing & Collections will use and adapt to customers’ current EMR and clearinghouse, we can onboard new clients with our EMR and clearinghouse to pass on lower costs with our partnership.
Many billing services generally range from 70% to 90%. With Optimized Billing’s EMR technology and proven processes, many of our clients see collection rates of 90%-99%. Our regular Aging reports keep you informed of the collection rates, along with the status on accounts receivable.
Industry standards suggest an average of 5% to 30%. Our relationships and strong communication with our clients contribute to our clearinghouse’s 99.5% claim acceptance rate. Our consulting services will guide you through foolproof onboarding processes to ensure every new patient’s claims bill out successfully and timely, increasing cashflow and reducing write-offs.
Optimized is a medical billing company focused on streamlining financial processes for businesses of all sizes. Committed to transparency and exceptional customer service, Optimized helps clients gain better control over their billing cycles and enhance cash flow.