24/7 Medical Billing Services

What 24/7 Medical Billing Services does

24/7 Medical Billing Services (legally 247 Medical Billing Services LLC) is a privately held US medical billing and revenue cycle management (RCM) outsourcer founded in 2005 and headquartered in Lewes, Delaware, with regional offices in Marietta, Georgia and Austin, Texas. The company provides end-to-end billing, coding (ICD-10, CPT, HCPCS, HCC), denial management, eligibility verification, credentialing, A/R follow-up, and patient scheduling services to more than 10,000 medical practices, hospitals, ambulatory surgical centers (ASCs), DME suppliers, and laboratories across 42+ specialties.

Its technology layer is a cloud-based medical billing platform with certified-coder services layered on top, integrating with major EHR and practice management systems including Practice Fusion, Office Ally, Brightree, ChiroTouch, NextGen, AdvancedMD, Kareo, Athenahealth, Epic, Medisoft, and NeuMD. The company reports 98% clean claims on first submission, sub-20-day average time-to-payment in family practice, and 100% HIPAA compliance (verified via Sprinto trust center). It monetizes primarily through transaction-based or percentage-of-collections fees, with an FTE (full-time equivalent) staffing model as an alternative pricing structure for larger practices, and uses a direct sales motion via website quote requests, phone/email inside sales, event-based demand generation (e.g., Medtrade 2025), and dedicated account managers per client. In 2025 the company launched AI-powered DME billing solutions, an A/R Recovery Services product, and a free credentialing-for-first-10-payers offer, and began signaling international billing demand via landing pages targeting Mexico and South America.

Name

24/7 Medical Billing Services

Legal name

247 Medical Billing Services LLC

Website

https://247medicalbillingservices.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

24/7 Medical Billing Services is a US-based medical billing and revenue cycle management outsourcer serving 10,000+ practices across 42+ specialties with cloud-based billing technology, certified coders, and EHR-integrated RCM services delivered via transaction or FTE pricing.

Ownership category

akta.pro rank

Product category

Medical Billing Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Health Services (8000), Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

RCM Outsourcing & Managed Billing Services (HLACACAN)

akta.pro secondary industries

Medical Billing & Coding Automation (HLACACAA), Medical Coding, Billing & Clinical Documentation Support (BPAAAFAD)

Keywords

• Medical billing services
• Revenue cycle management
• Medical coding services
• Healthcare claims processing
• Insurance credentialing services

Headquarters

HQ city

Lewes

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Medical Billing Outsourcing Services: Comprehensive medical billing and revenue cycle management services offered to healthcare providers on an outsourced basis. Services include claims submission, denial management, eligibility verification, and A/R follow-up. Revenue is generated through service fees, typically structured as a percentage of collections or per-transaction basis.
2. Medical Coding Services: CPT, ICD-10, and HCPCS coding services provided by certified coders to ensure accurate code assignment and maximum reimbursement for healthcare providers.
3. Credentialing Services: Insurance provider credentialing and recredentialing services to help providers enroll with insurance networks. The company offers free credentialing for the first 10 payers for new clients as a customer acquisition strategy.
4. A/R Recovery Services: Specialized accounts receivable recovery and follow-up services focused on accelerating cash flow and reducing claim denials for faster reimbursements.
5. FTE Model: Full-Time Equivalent billing model option allowing practices to hire dedicated billing staff as an alternative to per-transaction pricing, providing predictable cost structure for larger practices.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

24/7 Medical Billing Services provides outsourced end-to-end medical billing, coding (ICD-10, CPT, HCPCS, HCC), revenue cycle management, denial management, eligibility verification, accounts receivable follow-up and recovery, and insurance credentialing services to healthcare practices across 42+ medical specialties. The company also operates specialty-specific billing verticals such as DME, mental health, ASC, radiology, cardiology, anesthesia, oncology, orthopedics, family practice, pediatrics, and pathology billing, with services delivered by certified coders using a cloud-based platform integrated with major EHR systems.

Product overview

24/7 Medical Billing Services operates as a medical billing outsourcing platform offering a comprehensive suite of services organized into core billing operations and specialty-specific solutions. The core offering consists of Medical Billing Services, Medical Coding Services, and Revenue Cycle Management, supported by add-on modules including Credentialing Services, Denial Management, Eligibility Verification, A/R Follow-up, and the newly launched A/R Recovery Services. The platform also provides operational support services such as Patient Appointment Scheduling, Demographic Charge Entry, Payment Posting, HCPCS/CPT/HCC Coding, and EOB Processing. Beyond general billing, the company offers specialized services across 30+ medical specialties including DME, Mental Health, Emergency Room, ASC, Radiology, Cardiology, Chiropractic, Anesthesia, Oncology, Orthopedics, Family Practice, Pediatrics, Pathology, Wound Care, Psychiatry, and Pharmacy billing. The company also offers a Flexible staffing model (FTE Model) as an alternative pricing structure.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Billing Services End-to-end outsourced medical billing for healthcare practices across multiple specialties, covering claims submission, payment processing, and revenue cycle optimization with 20+ years of multi-specialty experience.
• Medical Coding Services Certified medical coding services using ICD-10, CPT, HCPCS, and HCC codes to ensure accurate documentation and claim processing for healthcare providers.
• Revenue Cycle Management (RCM) Comprehensive revenue cycle management services handling the entire billing lifecycle from patient registration to final payment collection for healthcare practices.
• Credentialing Services Insurance credentialing and recredentialing services to enroll providers with insurance payers and maintain active status in provider networks; free for the first 10 payers on new client onboarding.
• A/R Recovery Services Specialized accounts receivable recovery services designed to accelerate cash flow by pursuing outstanding claims and unpaid balances more aggressively than standard A/R follow-up.
• DME Billing Services Specialized billing for Durable Medical Equipment providers, including complex documentation, prior authorizations, and Medicare/Medicaid compliance, augmented with AI-powered workflows.
• Mental Health Billing Services Specialized billing for mental health providers including psychiatric practices, behavioral health facilities, and substance abuse treatment centers.
• ASC Billing Services Ambulatory Surgical Center billing including facility fee billing, physician billing coordination, and payer-specific compliance for outpatient surgical facilities.
• FTE Billing Model Full-Time Equivalent billing staffing model offering dedicated billing staff and dedicated account management as an alternative to transaction-based pricing for larger practices seeking predictable costs.
• Emergency Room Billing Services Specialized billing for hospital emergency departments handling complex, high-volume claims with rapid turnaround requirements.

Quantifiable outcome

• 98% clean claims rate on first submission
• +6 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Practice FusioncoreTechnology or IntegrationEHR integration partnership enabling seamless data exchange between Practice Fusion electronic health records and 24/7 Medical Billing Services' billing platform. Allows automatic transfer of patient data and clinical documentation for accurate claims processing.
• Office AllycoreTechnology or IntegrationIntegration with Office Ally EHR/PM system allowing healthcare providers using Office Ally to connect with billing services for streamlined claims submission and payment posting.
• BrightreecoreTechnology or IntegrationIntegration partnership with Brightree, a leading EHR and billing platform for home medical equipment and specialty provider markets, enabling DME-specific billing workflows.
• ChiroTouchcoreTechnology or IntegrationCertified integration with ChiroTouch chiropractic-specific EHR and practice management system, enabling specialized billing workflows for chiropractic practices.
• NextGen HealthcarecoreTechnology or IntegrationIntegration with NextGen ambulatory EHR and practice management solutions, providing connectivity for multi-specialty practices using NextGen platforms.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• R1 RCM: R1 RCM is one of the largest US-based RCM outsourcing companies, serving hospitals and large physician groups. It is comparable to 24/7 MBS as a direct competitor in outsourced medical billing and RCM, though R1 operates at significantly greater scale and focuses more on enterprise health systems.
• Athenahealth: Athenahealth offers a broad EHR and RCM platform with a rules-engine-based billing service used by many ambulatory practices. It competes with 24/7 MBS as a scale incumbent in the medical billing and RCM market, particularly for mid-market and larger practices.
• Waystar: Waystar provides cloud-based RCM technology including claims management, denial resolution, and patient payment solutions used by hospitals and physician practices. It is a broad incumbent competitor to 24/7 MBS in the RCM technology layer, with overlap in claims processing and denial management.
• Greenway Health: Greenway Health offers ambulatory EHR, practice management, and revenue cycle management solutions to physician practices. It is a broad incumbent competitor in the medical billing software and services market that overlaps with 24/7 MBS's customer base of independent practices.
• eClinicalWorks:

Direct peers

• Infinx: Infinx provides outsourced medical billing, RCM, and prior authorization services to healthcare providers across multiple specialties. It is a direct competitor to 24/7 MBS in the specialty-focused RCM outsourcing segment, including DME and hospital-based billing.
• Practice Management (Tebra): Tebra (formed by the merger of Kareo and PatientPop) offers integrated practice management, EHR, and medical billing services to small and mid-sized practices. It directly competes with 24/7 MBS in serving independent physician practices with end-to-end billing and practice management solutions.
• AdvancedMD: AdvancedMD provides cloud-based medical billing, EHR, and practice management software with optional outsourced billing services. It is a direct competitor to 24/7 MBS for ambulatory practices and is also listed as one of 24/7 MBS's integration partners, indicating overlapping target customers.
• CureMD: CureMD provides integrated EHR, practice management, and medical billing services with specialty-specific billing workflows. It is a direct competitor to 24/7 MBS in serving specialty practices (including cardiology, orthopedics, and mental health) with outsourced RCM and software.

Emerging players

• DrChrono (EverCommerce): DrChrono, now part of EverCommerce, offers EHR, practice management, and medical billing services targeting smaller ambulatory practices. It is an emerging competitor to 24/7 MBS in serving independent practices with technology-first billing offerings.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/247MBServices
• YouTubeyoutube.com/channel/UCnXCz_45u1QKChv5z7BbLAw
• Facebookfacebook.com/247MBS
• LinkedInlinkedin.com/company/24-7-medical-billing-services
• Instagraminstagram.com/247mbs

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 24/7 Medical Billing Services