What is EOB?
An EOB does look like a bill. It contains the date of service, the CPT code used to bill a particular service to an insurance company, the fee charged by the healthcare provider, the allowed amount under the third-party payers’s contractual fee schedule, the patient’s responsibility under the terms of their coverage, the payment made by the payer, and the contractual write-off. The final entry of each line item is usually the titled something along the lines of, “what you owe,” or, “your responsibility.” This is why some patients confuse an EOB with a medical bill.
Your privacy is very important to Coleman Managed Billing. Accordingly, we have developed this Policy in order for you to understand
Before or at the time of collecting personal information, we will identify the purposes for which information is being collected.
We will collect and use personal information solely with the objective of fulfilling those purposes specified by us and for other compatible purposes,
unless we obtain the consent of the individual concerned or as required by law.
We will only retain personal information as long as necessary for the fulfillment of those purposes.
We will collect personal information by lawful and fair means and, where appropriate, with the knowledge or consent of the individual concerned.
Personal data should be relevant to the purposes for which it is to be used, and, to the extent necessary for those purposes,
should be accurate, complete, and up-to-date.
We will protect personal information by reasonable security safeguards against loss or theft, as well as unauthorized access,
disclosure, copying, use or modification.
We will make readily available to customers information about our policies and practices relating to the management of personal information.
We are committed to conducting our business in accordance with these principles in order to ensure that the confidentiality
of personal information is protected and maintained.
What are Clean Claims?
Professional medical billers and certified medical coders work together to ensure that accurate claims are submitted to third-party payers that clearly describe the services contained in the patient’s medical record. This includes accurate demographic information such as a patient’s date of birth, insurance identification number, or the provider’s NPI, and it also includes the correct procedural and diagnostic codes to describe services, with appropriate modifiers if applicable.
Coleman Managed Billing is a Billing & Accounting company that specializes in business consulting, compliance, credentialing, and auditing. We have the knowledge compacity and experience to grow your company. Our focus is to understand your needs, maximize your revenue, and create ways to minimize your stress, so that your focus can be geared towards your client needs.
What is ERA?
ERA, Electronic remittance advice (ERA) provides claims payment explanations in HIPAA-compliant files.
Electronic funds transfer (EFT) puts payment right into your banking account.
Explanations of Benefits (EOBs) are on our secure provider website.
Revenue Full Cycle
(Full Revenue Cycle Billing)
Posting Self- Payments
Insurance Follow- up/ Claims Follow- up
Posting INS Payments
Audits (A/R Reports)
Accounting Services (Full Charge Accounting)
- Accounts Payable
- Accounts Recieveable
- Balancing Ledger
- Bank Reconciliations
- Business Management
- Income Statement
What is RCM?
Revenue Cycle Management is the process used by healthcare systems to track the revenue from patients and insurance companies to process their final payment of balance. The cycle can be defined as, "all administrative and clinical functions that contribute to the capture, management, and collection of service revenues." It is a cycle that describes and explains the life cycle of a patient through a typical healthcare encounter from admission to final payment.