Medical Billing Companies & Consultants in Box Elder, SD

MedVerdad Billing Solutions L.L.C. is a medical billing company in Box Elder, South Dakota. It manages the financial side of care for clinics and provider groups. Its slogan, Bringing Truth to Medical Billing, ties into the name, since verdad means truth in Spanish. The company wants practices to enjoy a dependable stream of reimbursement rather than the stop-and-start income that denials, complicated coding and mounting paperwork tend to cause. It describes its client base as providers across the country.

Practices It Supports

MedVerdad says it works with several kinds of outpatient organizations and tries to tailor its approach to the needs of each:

• Family practices
• Specialty clinics
• Urgent care centers
• Wellness facilities

Service Lines

A practice may outsource its entire billing operation or select individual functions. The company's work covers the following areas:

• Complete medical billing, including claim filing and follow-up
• Revenue cycle management, spanning patient registration, claims processing and collection
• Credentialing, which is grouped with revenue cycle work on its website
• Denial management, which looks for the underlying reasons claims fail so the problem is not repeated
• A determined appeals process for claims that were denied or paid too little
• Expert coding and monitoring of allowable amounts
• Accounts receivable follow-up
• Patient collections, along with a phone line to answer patients' billing questions

Working Inside the Client's Own Systems

The firm's remote model rests on the idea of its staff using the client's system. Billers log in to the practice's current electronic health record and practice management tools rather than asking the practice to adopt something new. MedVerdad states that it does not relocate data or keep it out of the client's reach, which lets providers view current, accurate information in real time. It lists familiarity with a long roster of platforms, including NextGen and many others.

Every client is paired with a single assigned billing specialist. That person serves as the point of contact and is expected to know the state of the account at any moment.

Terms and Philosophy

The company tries to make a change of billing partner low in risk. It asks for no upfront costs, no purchase of software or hardware, and no payment until the practice itself is paid. It also promises regular, quality reporting on collections so physicians can put their attention on patients. MedVerdad presents itself as an extension of the client's practice, with shared goals and shared success.

Origins

The owners founded MedVerdad in response to what they saw across the industry: dropping collections, lower reimbursement rates and heavier government requirements that squeezed cash flow. Together they bring more than 30 years of experience with private clinics and national medical management companies.

Having heard many accounts of practices caught in endless billing struggles, they set out to build systematic processes that would yield meaningful results for many clinics.

For prospective clients comparing vendors, the points that stand out are the pay-when-you-are-paid arrangement, the use of the practice's existing systems, and the personal service from owners and staff who say they want to learn each client's business.