NBP’s unique approach to providing practice management support produces maximum and accurate reimbursements within a shorter revenue cycle. We do this by working diligently with insurance companies, patients, physicians and practice staff in a multifaceted approach that results in improved cash flow, quicker payments and reduced claim rejections. Our qualified staff will work with you to identify your practice’s unique billing needs and develop a customized plan that meets those needs.
NBP is committed to managing your reimbursements from initial claim through final payment. Our success is dependent on yours, thus our incentives are aligned: maximized reimbursement while saving your practice valuable time and money. With our support, you and your staff can focus on what you care about most – practicing medicine.
Coding
Our specialty trained certified coders ensure maximum reimbursement by carefully analyzing records and ensuring all codes are correct. In addition, our coders are readily available to you for education and consultation on methodology and coding-related issues.
Insurance Verification
When more than 60 percent of your practice income is derived from insurance carrier reimbursement, benefits verification is critical to ensuring a return.
We provide insurance verification that places patient reimbursement facts and treatment options at your fingertips. Having this information on hand prior to care will allow you and the your patients to make better treatment decisions..
Receivables Management
NBP diligently pursues insurance companies for correct and complete payments as well as for penalties and interest on incorrectly paid claims. Our team is dedicated to making sure your claims are paid swiftly and in full.
From the moment claims are received until when you receive payment, NBP monitors payment progress in order to ensure proper collection. Our clients routinely realize total insurance days in accounts receivable as less than 30 days, with amounts aging greater than 120 days comprising 10 percent or less of the total accounts receivable amount.
Underpayments
Although insurance companies are required by law to act in good faith, that is often not what many practices experience. Physicians frequently lose a significant amount of revenue because they are not aware of the full amount carriers are required to pay for services provided. Our experience shows that underpayments are common in more than 9% of all claims filed, resulting in valuable dollars left on the table!
NBP assures full and accurate payments by entering the fee schedules insurance carriers are contractually obligated to honor into our system. In situations of incorrect payment, NBP pursues appropriate penalties and interest from the payer according to state law. This diligent follow up means our clients receive full compensation.