Hospice Billing Services
Providing tailored billing for exceptional care. At TRCB, we fortify the financial stability of your hospice with our cost-effective, flexible, and scalable billing solutions. Partner with us for accurate, compliant hospice billing and enjoy the same peace of mind you provide to your patients.
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Result-Driven Hospice Billing Services
< 30
Days in AR
25-30%
Revenue Increase
97%
First Pass Ratio
96%
Collection Ratios
98%
Clean Claims Rate
Overview of Hospice Billing Services
Hospice care is a specialized form of healthcare designed for terminally ill patients approaching the end of life. Its goal is to enhance the quality of life through comprehensive medical, social, emotional, and even spiritual support, whether provided in inpatient facilities or at home.
As with most medical specialties, hospice care is covered by both government and private insurance providers. To ensure proper reimbursement for hospice services, providers must complete the billing process accurately and promptly. Outsourcing hospice billing and coding services allows providers to secure the reimbursements they deserve while maintaining their focus on delivering high-quality patient care.
Our services offer end-to-end RCM solutions including Medical Billing, Medical Coding, Old AR Recovery, Medical Credentialing, Revenue Cycle Management and Denial Management.
Common Challenges in Hospice Medical Billing
Billing for hospice services is more complex than billing for other medical procedures in some cases, especially when palliative care is provided in a hospice setting and a claim is deemed "not hospice appropriate." Frequent and high claim denials can significantly impact the financial health of a hospice care center, ultimately affecting the quality of end-of-life care provided to patients.
Hospice billing staff must carefully navigate common pitfalls that can disrupt the insurance payment process, such as coding issues, late certifications, failure to provide notice of elections, non-compliance with payer policies, and incomplete documentation. Avoiding these challenges is crucial to prevent denials and revenue loss.
Lengthy Verifications
Inaccurate Coding
Late Referrals
Changing Regulations
Benefits of Outsourcing Hospice Billing Services to TRCB
National Institutes of Health (NIH) reveals that burnout rates among hospice and palliative care clinicians can reach up to 62%, with non-physician clinicians—including medical billers and coders—facing even higher levels. Long working hours, staff shortages, emotional exhaustion, and heavy administrative burdens all contribute to this crisis.
Outsourcing your hospice billing to a professional company like TRCB can ease the workload for physicians and administrative staff, boosting operational efficiency and ensuring the financial stability of your facility. Contact us for seamless hospice billing and a healthier work environment.
Certified Coders and Billers in hospice
Dedicated Project Manager
Quality Assurance & Compliance
Denial Management Expertise
100% HIPAA-Compliant Solutions
Improve Claim Scrubbing
Effective A/R Management
Dedicated Support
Faster Payment Collection
Serving Hospice Practices Nationwide
With our nationwide reach, TRCB provides localized support tailored to your needs. Our hospice billing specialists serve private and group practices nationwide, ensuring compliance with the medical billing rules and regulations in each state.
Thanks to our remote capabilities, we offer customized billing assistance to anesthesiology practices in each state.
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Competitive Pricing Guaranteed
Receive your reimbursements at the lowest prices! TRCB provides hospice billing services at some of the most competitive rates in the market. Enjoy customizable solutions! Contact us to get in touch now.
Frequently Asked Questions
Answers To Common Questions
What makes TRCB the best choice for hospice billing services?
TRCB offers all-inclusive hospice billing services at market-competitive rates nationwide. Our hospice billing team comprises certified coders, experienced billers, and RCM specialists who strive to file error-free claims for accurate and timely reimbursements. From accurate coding to clean claim submission and complete payment posting—we drive revenue at every stage.
How much does it cost to outsource hospice billing services to TRCB?
TRCB is a cost-effective alternative to many other top names. Our hospice billing services typically cost a small percent of your total revenue monthly collections.
What are benefits of outsourcing hospice billing services?
Outsourcing hospice billing services offers the following benefits:
Instant access to AAPC-certified professional coders and billers
Reduced Operational Costs
Access to Experts Staying Abreast with Modern Technology
Patient Satisfaction
Revenue Growth
100% HIPAA Compliance
Data Protection
TRCB provides VIP, white glove revenue cycle management for healthcare organizations to maximize your revenue, reduce denials, and ensure faster reimbursements.
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