Top 5 Medical Billing Companies in India
It’s critical to execute your medical billing processes completely and accurately in order to keep your business running smoothly. While this method is difficult and time-consuming, it necessitates dedication and meticulous attention to detail. If this task is assigned to a member of your team who also has other responsibilities, it will be more prone to coding errors and other problems.
This is where you can outsource the medical billing services where you can enlist the help of a third party to handle a portion or all of your everyday medical billing activities and operations. You have the option of hiring individual contractors or freelancers or using an outsourcing firm.
You also have the option of selecting one of the following outsourcing methods for your medical billing:
Onshore- Outsourcing to a third party based in the same nation as you.
Nearshore- Getting outsourcing services from a source in a neighboring country. There are normally just minor time zone discrepancies between the two nations in this form of outsourcing.
Offshore- This practice of outsourcing elements of your company processes to a third-party provider based in a nation other than your own. Unlike nearshoring, this type of outsourcing has a time zone difference of many hours.
In addition to the basic medical billing services, the following healthcare processes are also available in the country:
- Medical Coding
- Medical data entry role
- Charge entry in medical billing
- Medical claims processing
- Healthcare revenue cycle management
- Medical accounts receivable
- Payment posting
- Pre-certification and insurance verification
Why should healthcare providers in India outsource their medical billing services?
- Data protection and security
- Stay updated with the latest regulations
- Access to a larger pool of skilled workforce
- Time advantage
Here are the top companies curated for a better understanding of the Indian medical billing services:
1. Info Hub Consultancy Services (ICS)
ICS Services is a prominent medical billing service provider that can assist you in getting the most out of your reimbursements. They offer comprehensive medical billing services that are fully integrated, serving both providers and billing companies that can benefit from their wide medical billing services including Medical Billing Services, Medical Coding Services, Credentialing Services, RCM Consultation Services. Info Hub Consultancy Services was created in 2010 and is now one of the main service providers in the US as well as in India’s medical billing sector for highly motivated, certified coders and billers.
2. Knack Global
Knack Global is one of India’s fastest-growing medical billing firms. It was founded in 2007 and currently serves over 2000 clients. Following the acquisition of Statcred, they now have offices in four different locations around the United States, as well as two offices in India.
Knack Global specializes in medical billing for physicians and DME medical billing while providing full revenue cycle management services. They give services at a lower cost than others as they are located in India’s emerging towns: Chandigarh and Jaipur.
3. Omega Healthcare
Omega Healthcare’s founders have witnessed the absence of support for medical billing companies and healthcare payment systems firsthand. Omega Healthcare was founded in the year 2000 by combining their domain experience with their business understanding.
Omega provides full revenue cycle management processes and is primarily focused on maximizing cash flow by settling claims quickly. Omega Healthcare’s headquarters are in Boca Raton, Florida, with offices in Mumbai, Pune, and Chennai.
4. Access Healthcare
After acquiring Pacific BPO, Access Healthcare, which was founded in 2011, has grown to become one of India’s leading medical billing companies.
In a research done by Everest Group, Access Healthcare has been named as a Leader in the field of medical billing services. They support 300,000 physicians with 70+ customers and have 18 service facilities in the United States and India. Access Healthcare employs over 12,000 medical professionals and over 1000 medical coders.
5. Medusind Solution
Medusind Solution was founded in 2002 and offers both onshore and offshore services. They offer medical coding, coding analytics, healthcare billing, and other revenue cycle management services. They strive to provide services to 9,000+ healthcare practitioners through their skilled professionals and experts in the field. Medusind Solution has offices in Los Angeles, Orlando, Oklahoma City, Fort Worth, Miami, Newark, and Roanoke in the United States, as well as Mumbai, Chennai, Ahmedabad, and Coimbatore in India.
When you outsource medical billing services, you save time and money while eliminating billing errors. This allows you to concentrate on the important aspects of your practice and patient care. All of this leads to increased patient satisfaction and improved revenue cycle management. If you’ve decided to outsource medical billing, take a look at ICS Services and get in touch for more details.