Medical Claim Care Professional Physician Services
Grade Your Billing
Would your current billing methods receive a passing grade?
Medical industry experts estimate between $30,000 to $40,000 per physician is lost each year due to weak internal billing and collection procedures. Examples of lost income include , missing or overlooked charges, inaccurate or incomplete patient data, unusually high volume of denied claims, failure to perform timely claim follow up, and the lack of patient collection policies. How much income do you suspect you may be loosing each year, or are forced to write-off, because of inefficiencies in your billing and collection process?
Here is a quick set of questions to help you grade your present billing practices:
If you marked "failed" on one or more of the items above there is a likelihood your practice is losing money it shouldn't be. Many of our clients discover a 15% to 20% increase in net collections within the first 30 to 60 days after implementing our services.
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Medical industry experts estimate between $30,000 to $40,000 per physician is lost each year due to weak internal billing and collection procedures. Examples of lost income include , missing or overlooked charges, inaccurate or incomplete patient data, unusually high volume of denied claims, failure to perform timely claim follow up, and the lack of patient collection policies. How much income do you suspect you may be loosing each year, or are forced to write-off, because of inefficiencies in your billing and collection process?
Here is a quick set of questions to help you grade your present billing practices:
| Pass |
Fail |
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Forgotten or under coded charges? |
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Present cash flow patterns? |
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Length of time from submission to payment? |
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Level of reimbursement actually received? |
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Percent of denials? |
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Follow up on secondary receivables? |
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Present size of accounts receivable? |
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Volume of claims adjudicated? |
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Cost versus benefit of present billing operations |
If you marked "failed" on one or more of the items above there is a likelihood your practice is losing money it shouldn't be. Many of our clients discover a 15% to 20% increase in net collections within the first 30 to 60 days after implementing our services.
Want To Learn More
