Why Outsource
Your Billing?
Accelerating
your reimbursement cycle, reducing overhead costs and returning the
focus of your valuable time to your patients while increasing cash flow.
Studies
have shown a physician’s overhead and billing expenses account for
43.5% of your gross income. The average cost of an internal billing
department alone is 14% of your practice revenues! We can
save you money!
If
your staff is currently handling the billing functions in your office
consider this:
- We get paid only on what we collect for you!
- No costly salary, payroll taxes and benefits to pay!
- We are billing and collections experts!
- Managing a billing staff is a thing of the past!
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More Reasons to
Outsource to Us!
REMOTE
CONNECTION SOLUTION.
Utilizing
an internet connection we connect to your existing billing
software. This method allows us to handle the billing and
collections while you maintain control and visibility of your data and
system. Connecting remotely minimizes changes in office
procedure ensuring a smooth and fast transition of your billing
collections. In most cases we can start working almost
immediatly, which means no interruption of your cash flow.
CASH FLOW IS
IMPROVED.
We
electronically submit your claims the same day we receive them.
Electronic filing dramatically reduces the time it takes to collect
from the insurance companies. The result? Claims are paid in days, not
months.
LOST AND UNPAID
CLAIMS BECOME A THING OF THE PAST.
Lost
and delayed claims are practically eliminated due to our exceptional
follow-up and attention to detail. Every 30 days we run an
insurance aging for your practice and disposition every
claim. Watch your revenues increase as fewer claims slip through
the cracks.
COSTS ARE
REDUCED.
Our
average charge for billing services is significantly less than the cost
of having an internal billing department—and we provide more value.
More importantly, if you don’t get paid, neither do we; you owe us
nothing unless we collect on your claims.
FINANCIAL
REPORTING IS IMPROVED.
Knowing
how your practice is running is essential to managing and growing your
practice. Some of the reports available on a monthly basis:
- BILLING AND
PAYMENT STATUS REPORT
- INSURANCE
AGING REPORT
- PATIENT
AGING REPORT
- PATIENT
LEDGER
- PRACTICE
ANALYSIS
- INSURANCE
ANALYSIS
We
can also provide customized reporting solutions based on your needs.
YOUR STAFF WILL
MAKE BETTER USE OF THEIR TIME.
By
outsourcing a non-core function such as medical billing; your staff is
free to focus on greater value-adding activities and will have more
time to devote to patients - and to running your practice more
efficiently.
YOU’LL HAVE
PEACE OF MIND.
We
use state-of-the-art billing systems and software that are fully HIPAA
compliant for electronic transmission. Our clearinghouse is a leader in
its industry. You can rest assured that your claims will be handled the
best way possible today.