LMS is very interested in establishing an EBO and or Billing Service relationship with your facility. Our current staff is familiar with the work standards currently in place. Our billing representatives have the knowledge and experience to maintain the billing process for all insurance companies.
LMS provides expertise in the following:
Medicare Bad Debt Management:LMS will act upon your remittance advice from Medicare and manage each account with a deductible and/or coinsurance amount. LMS will submit claims to the second and tertiary carriers if the beneficiary has coverage in addition to Medicare. If no other insurance is present, LMS will initiate collection procedures described under patient billing.
Managed Care Accounts:LMS will bill, re-bill and follow-up in order to expedite insurance payments.
Managed Care Underpayments:LMS will work with the insurance carrier to determine by Contract the correct payment.
Accounts with Small Balances due from Insurance:LMS will take any small balance accounts with balance due from insurance at early age and complete the process of billing, re-billing and or expediting insurance payments. Our Small Balance Account Program will help free up hospital staff for the hospital to be used in a more productive way.
Medicare Secondary Carriers:LMS will bill, re-bill and follow-up with all secondary carriers to collect Coinsurance and Deductible due after Medicare payment has been made.
Florida Medicaid Accounts:LMS will devise a program to bill, rebill and or expedite the insurance process. We work all denials and delayed payments. Our main focus is to get any problems corrected and claims refilled prior to the expiration of the time filing period.
Commercial Accounts:LMS will bill, re-bill and follow-up in order to expedite insurance payments.
Auto Insurance Accounts:LMS will bill, re-bill and follow-up in order to expedite insurance payments.
Zero Balance Accounts: LMS will review accounts to make sure payments are correct and no further monies are due from the Carrier. If insurance payments were not received we will determine if there was insurance that should of paid.
Early- Outs:LMS main focus behind the development of customized "Early Outs" services is simply our clients' goals. LMS can generate the initial bill to the Carriers, re-bill and or follow-up on all accounts in order to expedite insurance payments.
Efforts Exhausted Accounts:LMS will rework accounts and determine if there are any monies left to collect from the carrier. We make sure no effort was missed that would allow accounts to be collected.
Billing to Patient after Insurance payment:After the insurance claim pays LMS can provide billing services to the patient for the patient responsible portion. In the event the patient fails to pay when the billing process is complete, we will either close it to the hospital or place it with a collection agency of the clients choice.