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AMPM AR Performance 1st quarter 2011 results

  AMPM’s Average days A/R Turn over Industry Benchmarks        
Single Specialty ASCs 27.5 days 37 days
9.5 days better than industry benchmarks
             
Multi – Specialty ASCs 32 days 47 days
15 days better than industry benchmarks

 

 

 

 

 

 

 
Medical Practices 25.5 days 37 days
11.5 days better than industry benchmarks
             
             
  AMPM Percentage of AR > 90 days Industry Benchmarks        
Single Specialty ASCs 8% 15%
7% better than industry benchmarks
 
             
Multi – Specialty ASCs 5%

20%

15% better than industry benchmarks

 

             
Medical Practices 6% 15%
9% better than industry benchmarks
 
             
May 25, 2011

Benchmarking

At AMPM, we believe the task of a billing company is not merely to relieve you of the administrative burden of medical billing but to improve the status of your AR. Many providers are lured in by cut rate billing fees but neglect to consider how effective that billing service really is. The economics is simple. Any billing company that offers an amazingly lower rate than other billing services cannot afford to dedicate the necessary resources to work on your denied claims.

According to www.sanfranciscobayareatoday.org  “despite the passage of national healthcare reform … private insurance companies continue to deny more than one-fourth of all claims.” Many medical billing companies employ a practice called ‘skimming the top’ and do not work on the 25% of the claims that have denied for various reasons. Imagine, 25% of the work you perform daily goes unpaid.

AMPM offers rates that are competitive with other reputable medical billing companies but our results standout. For this reason we have dedicated a page on our website just to keep you posted on our quarterly results and our benchmarks. We want potential clients to know that we produce good results.



AMPM provides expert medical billing services for specialty practices and Ambulatory Surgical Centers.
Let AMPM help maximize your reimbursements.

Free Analysis - Advanced Medical Practice Management - AMPM

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