With the increasing cost of foot procedures, even a single denied claim can set a podiatry practice back thousands of dollars. On top of that, you have to factor in staff time spent on appeals and resubmissions. In 2024, the average initial denial rate for medical claims climbed to 11.81%, resulting in real revenue losses for providers of all sizes.
At the same time, outsourced billing accounted for roughly 53% of total billing volume in 2024. So, there is a growing trend toward partnering with dedicated podiatry billing companies to improve revenue cycle management.
For podiatry practices, the stakes are even higher, as coding errors around procedures like gait analyses or diabetic foot care can trigger additional denials. By choosing to outsource podiatry medical billing companies, practices can reduce their billing costs. Below, we’ve rounded up the top 10 podiatry billing companies to help you make an informed choice.
1. Transcure (Editor’s Choice)
Transcure serves as one of the leading podiatry billing companies dedicated to helping foot and ankle practices. With over 98% first-pass clean-claims rate, this company uses speciality specific expertise to reduce administrative burdens and accelerate payments.
Their team of more than 1,100 certified coders specializes in the full spectrum of podiatric procedures, from bunionectomies and hammertoe corrections. Moreover, they can handle coding related to durable medical equipment to avoid any payment failure.
Apart from that, Transcure will significantly lower your days in AR with their diligent payer handling and efficient delay resolving skills. Upon outsourcing their podiatry billing services, your practices can cut costs by up to 30% for financial growth.
Why Transcure Stands Out?
- Cover everything from patient eligibility verification to collections and appeals.
- Proactive use of correct podiatric codes to minimize denials.
- Follow the latest Medicare rules and payer guidelines for maximum reimbursement.
- Supports over 40 EHR platforms, including Athenahealth, Epic, and AdvancedMD.
- Weekly and monthly dashboards to keep your practice informed and in control.
- Perform pre-authorizations for foot and ankle surgeries to avoid treatment delays.
2. Hippocratic Solutions
Being a specialized podiatric medical billing company, Hippocratic Solutions is the preferred partner for foot care specialists. Having a team of expert billing professionals, they handle every aspect of podiatry claim submission, from eligibility verification to follow-up collections.
With a flat rate of just 6% of insurance revenue, this podiatric services provider delivers real-time insights for clinics of all sizes. Plus, they even perform expert reviews to ensure accurate CPT and ICD codes for minimal denials.
Why Hippocratic Solutions Stands Out?
- Lifetime HIPAA-compliant file storage of your historical records.
- A single point of contact who handles all podiatry billing inquiries.
- Even supply wound kits to podiatrists in case they need more than just billing.
- Free data migration to their PM software, saving you $4000 in setup fees.
3. Beacon Podiatric Billing
Beacon Podiatric Billing is one of the best in the industry, offering customized billing services according to the needs of podiatry practices. Their RCM services include everything from claim scrubbing and quick submissions to denial management and patient billing.
Apart from that, the billing services seamlessly integrate with the popular EHR systems like ModMed, AdvancedMD, and more. One key feature that sets them apart is their 48-hour turnaround time for payment posting.
Why Beacon Podiatric Billing Stands Out?
- Evaluates EOBs, corrects errors, and resubmits claims through expert billers.
- Payments are posted within two business days for quick recovery.
- Verifies CPT, ICD-10 codes, modifiers, and units for complete billing accuracy.
- Reduces A/R by regularly following up on unpaid claims.
4. Podiatry Billing for Podiatry Professionals
Billing Podiatry is the USA’s premier outsourced podiatry medical billing partner, trusted by over 1,400 practices. Having decades of specialized experience, they eliminate denials entirely through precise CPT, ICD-10, and HCPCS coding.
Moreover, their podiatry billing team obtains necessary authorizations 24 to 48 hours in advance to prevent delays. Apart from that, the end-to-end services of these podiatry billers cover eligibility verification, denial management, and even provider credentialing.
Why Podiatry Billing Stands Out?
- AAPC-certified coders ensure zero billing errors for podiatric procedures.
- Proactive insurance checks to confirm coverage before patient visits.
- Compatible with all major podiatry EHR platforms for uninterrupted data flow.
- Dedicated follow-up on patient and insurer balances to maximize cash flow.
5. The Podiatric Billing Specialists
Dedicated exclusively to the billing needs of podiatric practices, this foot care billing company is a trusted choice for multiple practices. With a guaranteed 10 to 50% revenue boost, TPBS conducts a free evaluation of your current processes.
Their podiatry-templated EHR solutions automate documentation and coding, while expert billing staff handle claims. From direct billing to staff training, The Podiatry Billing Specialists frees you from administrative headaches so you can focus on patient care.
Why TPBS Stands Out?
- 24-hour expert insurance advice for just $7 per inquiry, no contract required.
- Fixed-fee billing audits of in-house podiatry billing services to identify revenue leaks.
- One-click documentation and coding integration for Aprima and MIE systems.
- On-site staff training for podiatry medical billing according to your team’s needs.
6. CareMSO
CareMSo is one of the best podiatry medical billing companies, which stands out due to its expertise in dealing with complex coding processes. This company has a team of expert coders who have deep knowledge of foot, ankle, and lower extremity medical billing.
In addition, CareMSo has successful partnerships with podiatry services across all 50 states with a strong reputation for reliability and excellence. Talking about revenue optimization, this podiatry billing company has also shown an increase in collections by over 23%.
Why CareMSO Stands Out?
- High-level expertise in navigating complex podiatry-specific reimbursement rules.
- Coders certified by the American Academy of Professional Coders (AAPC).
- Reduction in claim denials by over 27% with their podiatry medical billing experts.
- Offers medical billing services across multiple specialties, including pain care.
7. 24/7 Medical Billing Services
As one of the best podiatry billing companies, 24/7 Medical Billing Services provides specialized coding services and end-to-end RCM solutions. This foot care billing company has focused expertise in podiatry billing, addressing diverse conditions related to the foot and ankle.
To ensure accurate reimbursements, they use specialized ICD-10 codes, such as R60.0, M20.11, and M77.31, while coding for podiatric processes. Moreover, their advanced billing system enables efficient and fast claim processing, which reduces patient wait times.
Why 24/7 Medical Billing Services Stands Out?
- Over 12 years in podiatry medical billing with specialty-specific experience.
- Promises to increase revenue cycle by 10 to 20% for podiatry practices.
- Podiatry coding and billing with 100% HIPAA compliance.
- Offers a 30-day free trial of its podiatry billing and coding software.
8. BillingParadise
BillingParadise is one of the leading podiatry medical billing companies that is renowned for its advanced automation and expert billing services in the US. This company utilizes ICD-10 PCS and CSFAC-certified coding professionals to ensure accuracy in claim processing.
They also conduct thorough clean claim audits before submission, resulting in a first-pass claim acceptance rate up to 98%. Additionally, their team has five years of specialized podiatry billing experience and holds certifications from AAPC, AHIMA, and HBMA.
Why BillingParadise Stands Out?
- Works with over 30 EHR platforms, including Kareo, Allscripts, and more.
- Industry-leading fast setup time to start services within just two days.
- Uses comprehensive RCM tools for revenue tracking and denial management.
- 24/7 billing operation enables same-day claim submissions.
9. MaxRemind
Being one of the best podiatry medical coding and billing companies, MaxRemind simplifies the billing process of healthcare practices through innovative solutions. With 20 years of expertise in the billing industry, they have developed AI-powered billing services to ensure accuracy in claim processing.
Moreover, this podiatry billing company delivers a claim turnaround time of under 24 hours, reducing payment delays. For maximum data security, they adhere to strict HIPAA compliance and use advanced encryption.
Why MaxRemind Stands Out?
- Delivers customized podiatry billing services based on the practice’s needs.
- Solutions integrate with the existing workflows and systems.
- Offers 24/7 customer support for podiatry billing management.
- Helps podiatry practices increase revenue by up to 23% with expert services.
10. Advanced Data Systems RCM
With Advanced Data Systems RCM, podiatry practices can improve their revenue cycle management through AI-powered billing services. To prevent claim denials, their AI Rules Engine identifies and fixes issues in the claims before submission.
Moreover, this podiatry medical billing company offers real-time financial KPI dashboards and weekly reviews of billing performance. As a result, podiatry practices working with ASD RCM have reported up to 24% revenue growth within just a few months.
Why Advanced Data Systems RCM Stands Out?
- Claim submission turnaround time of under 48 hours.
- Podiatry billing services compliant with CMS regulations.
- Clients report a drop in their claim denials by 5% thanks to their experts.
- Delivers end-to-end RCM solutions, including credentialing, coding, and more.
Things to Know When Outsourcing Podiatry Billing Companies
As discussed, outsourcing your podiatry billing can dramatically streamline revenue cycles and reduce denials. However, you need to ask the following questions up front to set the expectations straight with the podiatry billing company.
What’s the typical turnaround time for claims?
Most specialized podiatry billing companies promise claim submission within 24 to 48 hours of receiving your patient encounter data. Beyond that, look for a guarantee on payment posting, ideally within two business days. Faster posting will accelerate cash flow and highlight the biller’s operational efficiency.
How is patient data security maintained?
Your podiatry billing services provider should be fully HIPAA-compliant, with end-to-end encryption for data in transit. Ask about their audit logs, disaster-recovery protocols, and employee training programs. A reputable firm will provide you with an annual SSAE 18 report and will sign a Business Associate Agreement (BAA) to legally safeguard patient information.
Can I switch podiatry billing providers if I’m not satisfied?
Look for flexible contracts with clear termination clauses. A best-in-class vendor will allow you to exit with 30 to 60 days’ notice. Transcure is the best billing company in this regard, as it mandates no lock-in period for practices.
Do podiatry billing services include both billing and coding?
True podiatry billing specialists bundle CPT, ICD-10, and HCPCS coding alongside claims submission. This integrated approach reduces communication gaps and ensures code accuracy for complex procedures like orthotic devices.
What pricing structures are available to outsource podiatry billing?
Podiatry billing companies typically charge a flat percentage, around 5 to 10 percent, of collected revenue. Always ask for a sample invoice breakdown and confirm any setup, data migration, or audit-fee line items.
Which EHR platforms do podiatry billing companies support?
Seamless integration with your existing practice management system is essential to avoid manual data entry and errors. Ask for a list of live integrations and inquire about any additional integration fees. Ideally, your billing partner should offer a test connection so you can validate data flows before going live.
Conclusion
In podiatry practices, even one denied claim can mean lost revenue and extra work on appeals. With procedure costs rising, getting paid quickly and accurately matters more than ever. In this regard, outsourcing your podiatry billing can free your team from complex coding and improve cash flow.
Specialized podiatry billing companies know the right CPT and ICD-10 codes for foot and ankle care, helping you avoid common mistakes. No matter the size of your practice, partnering with an expert service can boost your bottom line. For top performance and reliability, we recommend Transcure.
