Our services

We manage the entire claims submission process, ensuring timely and accurate filing with insurance providers. Our approach minimizes errors and reduces denials, leading to quicker reimbursements and improved cash flow.

Claims Submission
& Management

Through efficient billing workflows, we help maximize your practice’s revenue. We monitor every step of the revenue cycle, from claims submission to accounts receivable follow-up, ensuring no revenue is left on the table.

Revenue Cycle Optimization

Denial
Management
& Appeals

We handle denied claims by investigating the cause and submitting appeals on your behalf. Our proactive approach ensures that claims are processed correctly and appeals are managed efficiently to recover lost revenue.

Personalized Reporting
& Data Analysis

We provide customized financial reports, giving you detailed insights into your practice’s performance. These reports highlight trends, optimize processes, and help you make data-driven decisions.

Happy clients

Don't just take our word for it – our clients our clients consistently see real results.

CASE STUDY#1:

Revenue Cycle Optimization for a Psychiatric Practice

Client: A solo psychiatric practice with a high volume of insurance-based clients.

Challenge: The practice struggled to keep up with billing demands, leading to a backlog of unpaid claims and lost revenue opportunities.

Solution: TheraCare Billing Services took over the entire billing cycle, from claims submission to follow-up on unpaid claims. We provided monthly, personalized reports to track performance, identify areas for improvement, and optimize the revenue cycle.

Results:

• 95% of outstanding claims were recovered within three months.

• Monthly revenue increased by 20% due to timely follow-ups and reduced claim rejections.

• The psychiatrist could focus entirely on patient care without worrying about billing issues.

CASE STUDY #2:

Improved Cash Flow for a Growing Therapy Practice

Client: A mid-sized therapy practice offering individual and group therapy sessions.

Challenge: The practice was experiencing delayed payments due to inefficient claims submission and frequent claim denials. This led to cash flow issues and difficulty expanding their services.

Solution: TheraCare Billing Services implemented a streamlined billing process, focusing on accurate claims submission and proactive denial management. We worked with their existing billing software, ensuring compliance with HIPAA standards while optimizing coding accuracy.

Results:

• Claims denial rate reduced by 30%.

• Reimbursements accelerated by an average of 15 days.

• Improved cash flow allowed the practice to hire additional therapists and expand its services.

Contact us

Whether you have a request, a query, or want to work with us, use the form below to get in touch with our team.