What Services Does a Medical Billing Company Provide - MGSI
                     What Services Does a Medical Billing Com
pany Provide?
MGSI LLC - Medical Billing Company
Introduction
• Accurate and timely billing is the key to healthy financial 
performance for any medical Practices or physicians. 
• Medical Billing is a cycle of process which involves 
various scopes of services handled by multiple 
professionals at different levels, hence the complexity of 
submitting cleaner claim at a higher first pass rate has 
always been a challenge and with all other areas like 
recruiting, training and supervising takes most of your 
time and focus away from your core which is patient 
care. 
• Considering all these intricacies many practices are now 
opting for Medical Billing outsourcingM.GSI LLC - Medical Billing Company
• MGSI LLC - Medical Billing Company
• While considering to outsource your medical billing it is 
essential to know – what are the list of services provided 
by a Medical Billing Company? 
• What are the areas covered and taken care by the third 
party vendor? 
• A clarity on the services covered by a 
Medical billing company helps settle down most of the 
questions pertaining Outsourcing Medical Billing. 
• Read below to know what to expect from a Medical 
billing Company and the list of services provided.
MGSI LLC - Medical Billing Company
Complete Revenue Cycle Management Services
• Medical billing Company provides a comprehensive 
solution covering all your medical billing and coding 
requirements to help you focus on patient care. 
• Major services provided include complete 
revenue cycle management solution covering end to end 
billing from Patient Demographic Entry to Accounts 
Receivable and Denial Management.
MGSI LLC - Medical Billing Company
Insurance Eligibility and Benefit Verification
• Insurance Eligibility and Benefit verification is more 
critical given the current situation with Affordable Care 
Act where the coverage and benefit details vary from 
month to month. 
• Verifying Insurance and Eligibility protects your practice 
from unwanted stress far ahead. 
• Your medical billing services provider should be equipped 
with experienced and skilled professionals to handle the 
verification process efficiently and also inform you the 
patient responsibility in prior.
MGSI LLC - Medical Billing Company
Patient Demographic Entry
• Outsourcing Patient enrollment and Demographic Entry 
to medical billing company saves lot of effort and time 
spent, paving way for fully focused patient care.  
• Demographic Entry involves collecting patient’s 
demographic and insurance information and entering 
into billing software. 
• Accurate and through data is crucial to submit clean 
claims which requires trained professionals from medical 
billing team to ensure maximum quality.
MGSI LLC - Medical Billing Company
Accounts Receivable and Denial Management
• One of the most tedious and laborious task as it involves 
analyzing the overall claim for erroneous data and 
correct them, and then appeal with Insurance with 
multiple follow ups. 
• Most practices take a back seat when dealing with the 
claim denials and focus only new claims resulting in lost 
revenue. 
• Medical Billing Company tracks denied claims and works 
on filing the appeals within the Timely Filing Limit (TFL) 
and Appeal Filing Limit (AFL)ensuring every dollar due to 
the practice is claimed.
MGSI LLC - Medical Billing Company
Medical Coding
• This process is the most challenging and liable to err, 
therefore it is advisable to have a streamlined 
professional approach in handling coding for each and 
every claim. 
• Any error in Medical Coding will lead to claims denial 
affecting your practice’s cash flow. 
• Outsourcing Medical Coding is recommended to ensure 
error less and quality coding by experienced, certified 
and professional coders.
MGSI LLC - Medical Billing Company
Charge Entry and Payment Posting
• Charge Entry requires the staff involved to be on top of 
the current changes or updates in the Insurance fees 
schedule. 
• Similarly, Medical Billing companies also ensure 
payments received from Insurance, Patients and 
Secondary Insurance are duly posted against the claim 
and provide you with the report on the closed and 
pending claims.
• Apart from the traditional billing and coding services, 
your medical billing services partner should also cover 
additional operational and support services as listed 
below: MGSI LLC - Medical Billing Company
Practice Management Services
• A well-established Medical Billing Company provides you 
thorough analysis on your current financial set up and 
provide you a systemized billing and operational support. 
• Your medical billing partner should be able to allocate 
professional consultants to evaluate your current income, 
shortfalls and suggest advanced and streamlined 
approach for enhanced productivity.
MGSI LLC - Medical Billing Company
Fee Schedule Enhancement
• Fee schedule for medical procedure needs to be 
reviewed for changes constantly and updated to curb 
shortfalls or revenue loss. 
• Many practices miss on reviewing the fee schedule and 
end up billing lesser that the allowed amount, which in 
turn affects your practice financial system. 
• Medical billing company has streamlined process to keep 
their staff up-to-date with the ongoing changes and keep 
abreast to ensure maximized reimbursement.
MGSI LLC - Medical Billing Company
Provider/Physician Credentialing Services
• Getting providers  enrolled with the insurance company 
and keeping them in-network is a cumbersome process 
which can be time consuming. 
• By opting for outsourced Medical Billing services, you can 
get away from the stress involved in 
physician credentialing as it is taken care off by your 
medical billing service partner
MGSI LLC - Medical Billing Company
About MGSI
• MGSI is a national medical billing and collection company 
providing end-to-end billing solutions to its clients. 
• With over 25years of experience, MGSI serves hundreds 
of physicians and medical practices providing one-stop-
solution for all their medical billing needs. 
• MGSI is a fully HIPAA Compliant and BBB accredited 
company to protect PHI and provide quality services. 
• MGSI has a proven track record of more than hundreds 
of happy and successful clients across the United States. 
MGSI LLC - Medical Billing Company
Contact us
To know more about MGSI and its services 
 log on to Medical Claims Processing and Billing 
 Call us: +1 (877) 896-6474
 Email us: [email protected]
MGSI LLC - Medical Billing Company
MGSI LLC - Medical Billing Company