Why Outsource? What are the benefits?
Insurance companies are in the business to make money and not pay claims. Declining reimbursements heighten the need to capture every dollar in a timely manner. As medical billing complexity continues to grow, physicians are finding they lack the correct resources—people, time and skills—needed to obtain appropriate payment consistently and quickly.
Many practices are leaving up to 30% of insurance reimbursement on the table, (and don't even know it) largely due to three key factors:
Denials: roughly 20% of claims get denied
Incorrect payments: insurers pay over 20% of claims inaccurately
Inadequate follow-up: 65% of providers don’t appeal denied claims, largely due to lack of time/resources
Practices are burdened by stress and endless administrative tasks just trying to keep up with current requirements. A recent Medscape survey found that over 50% of physicians spend 10 or more hours on paperwork and administrative activities per week in 2012 (and 17% spent 20+ hours).
As medical billing challenges contiune to increase, practices are looking to outsource their practice management processes, seeking new ways to protect both the profitability of their practices and their personal peace of mind.
As you focus on your patients, we will focus on your payments. Our specialized practice managment team handles critical parts of your billing cycle – from claims submission to Insurance and Patient A/R follow-up – helping you increase revenue and payment time. Our flexible business model lets you grow the way you want. And our cloud-based practice management solution keeps up with industry changes. Bottom line – we keep the payment cycle consistant and complete.
Experienced team comprised of billing, remittance, and collections experts.
Designated client manager for strategic support
US-based support center
Our easy-to-use practice management solution