• Competitor overview

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Medical Billing Management | Medical Billing

https://www.medical-billings.com/

Goal
Medical Billing Management aims to improve healthcare providers' revenue cycle management and operational efficiency by handling their billing processes. This allows healthcare providers to focus more on patient care rather than administrative tasks.

In short
Medical Billing Management provides comprehensive services for healthcare providers to streamline their billing processes and improve revenue.

Description
Medical Billing Management specializes in assisting healthcare providers with managing their billing and revenue cycle processes. They offer a wide range of services, including claim review and submission, payment posting, denial management, accounts receivable management, and additional services like medical coding, rate negotiation, authorizations, and credentialing. Their primary focus is to help healthcare providers enhance their revenue collection efficiently while ensuring compliance and maintaining transparency.

Strengths against Afford Health
  • Medical Billing Management has over 30 years of experience in the medical billing industry, which may inspire confidence in their expertise.

  • They have a focus on increasing revenue for healthcare providers, with a collection rate consistently exceeding 95% and average revenue growth claims for their clients.

  • MBM offers a broad suite of revenue cycle management services including medical coding and credentialing, which are not explicitly mentioned in Afford Health's offerings.

  • MBM provides tailored pricing options based on the client’s needs, potentially offering more customizable financial agreements.

  • Their guarantee to pay $10,000 if they fail to increase average collections above their fee within six months showcases a strong commitment to client satisfaction and confidence in their results.

Weaknesses against Afford Health
  • Afford Health targets patients/individuals looking to manage medical debts, rather than healthcare providers, filling a different but important niche in the healthcare billing sector.

  • Afford Health offers personalized service to individuals, helping them directly with billing disputes and negotiations, which can be more appealing to individual patients facing medical billing issues.

  • The service model of Afford Health does not require upfront fees and charges based on savings achieved, which may be less risky and more attractive to individual clients compared to MBM's percentage of collections model.

  • Afford Health provides a free initial consultation, which can encourage potential clients to explore their services with no initial commitment.

  • The focus on client privacy and data security is emphasized by Afford Health, which can be a critical consideration for clients wary of data breaches or privacy concerns.