MBSAP REMITTANCE PROCESSING SERVICES

Mbsap is a most sought-after provider of remittance processing services in India and across the world. Our remittance processing experts rectify errors, work out your finances, and help you with cheque deposits. We explain all details simple language to help you understand the remittance process. Mbsap remittance processing services to us helps you cut costs, save time, and free-up resources.

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    Remittance Processing Services We Offer

    Over the last 22 years, Mbsap is known for its remittance processing services in India and worldwide. We have been smoothly and accurately handling the payout procedure of medical/dental insurance claims. Here are some of the major services that we are pleased to provide –

    Remittance Processing Software

    As a reputed remittance processing service company, we have, in our possession, the latest remittance processing system for managing capture, processing, research archival of payments and related documents. You have access to your captured images and all documentation can be securely transferred to you given at any time.

    Validation and Fraud Detection

    We examine the validity of all the cheques and EOB statements provided to us for the reimbursements due. Please note that any false documentation and/ or mismanaged funds are immediately notified. We immediately intimate you of our slightest suspicions detected or any uncalled- for complications that we notice.

    Explanations of Reimbursement Fee Schedule

    We are updated with the knowledge of the current Medicare fee schedule used follows to pay doctors, hospitals and other healthcare providers. This includes the list that is used to reimburse on a fee-for-service basis.

    Secure Storage and Handling

    We store all documents in a secured area with full- time video monitoring. All employees that have access to cash, cheques and/ or money orders are bonded. All cheque- deposits, AR updating, and reporting is smoothly handled by us.

    Remittance Calculations

    As a trusted remittance processing service provider, we ensure that the full right to payments is received as per the policy entitlement. We calculate the final claim amount and intimate you of all details on co-payments options, deductibles, as well as insurance plan exclusions so that you are aware of the payout that you will receive and/ or the amount you need to shell out. We go through great lengths to check if the remitted amount is as per the EOA and if that is the maximum payout possible.

    Resolute Data Maintenance

    All data is systematically tabulated into our digital repository allowing for easy access in the future. This is inclusive of details of the care- plan opted for, hospital and consulting physician information, patient demographics, the type of treatment provided and/ or undergone. The data can be retrieved in cases of audits and financial evaluations. We email a copy of the processed claim or dispatch a hard copy to you as per your request.

    Lockbox Remittance Processing

    Lockbox is a bank operated mailing address to which an insurer can send their payments. We set up lockbox services with a designated bank for receiving payments. The bank then processes the payments and direct deposits them into your account. With lockbox processing services there is an increase in accuracy of payments, reduced internal processing costs as well swift deposit of payments. Opting for a lockbox makes the remittance process easier. Our lockbox processing experts clearly explain all the pros and cons of availing such a facility.

    Intimation via Online Tracking

    On completion of the remittance process, its progress can be followed- up with online. This can be assessed by you at any given time. We conduct regular follow-ups for a faster process and cash flow. You will be notified at every stage of the progress of your application via online tracking of claims application.

    Post-payment Support

    We guarantee that you are reimbursed at the earliest and we go all- out to ensure that. We hasten any old remittance payment processing thus overcoming any more delay with your dues. Any mismatched amounts, payments to be recovered from secondary insurers, etc. are reconciled and dealt with at the earliest.

    Detailed Evaluation of Remittance Providers

    We conduct extensive background checks on the insurance company and have immense knowledge of the terms and conditions of all their policies. We can help you opt for the best insurance provider in the future based on the treatments you provide or undergo.

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      Remittance Processing Types

      Mbsap your remittance processing services to us for faster deposits and maximum benefits within the tight TAT. You can approach us for remittance processing solutions to any/ all of your queries, doubts, and uncertainties at any moment. Our team can be reached out to for their support with all future remittance concerns without any hesitation. We also help you choose the policies that you can settle for according to the medical/ dental procedures you’ll conduct or undergo. The three major types of Payment Processing we undertake are –

      Patient Payments

      All patient payments for services undergone are adjusted against their accounts. These payments are made by either cheques or credit cards. We also guide you on how to proceed with co-pays, deductibles or uninsured services.

      Insurance Payments

      All insurance payments are done either via Electronic Remittance Advisory (ERA) or manual posting. Manual posting is normally done for insurance payments without ERA and for transfer of balance to second insurers.

      Denial Posting

      This includes resubmission and re-adjudication solutions. In cases of denials/ re-submissions, all claims are rectified or re-adjudicated and sent across with the relevant documentation. We help you understand how to go about collecting the co-pay amount from the patient in cases where full compensations are not made. Claims are then resubmitted for approval to your insurance company and guaranteed that a settlement is reached at the earliest.