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Advanced Medical Practice Management can give you the best in medical billing outsourcing at an affordable cost. Here are some reasons why your company may consider to oursource:
1. Focus on healthcare rather than billing
Advanced Medical Practice Management has proven to be valuable business partners to our clients. Outsourcing to us will increase claim revenue and reduce expenses as you eliminate much of your administrative overhead. What is left is a clinical staff that can concentrate on the business of caring for patients.
2. Extensive claim follow up
Unlike other billing companies that collect on the clean claims and write off claims that require extensive follow up, Advanced Medical Practice Management's bad debt write off is very low. We consistently achieve industry benchmarks in Percentage of AR over 90 days, Average Days in AR, and Net Collections.
3. We provide a competitive billing fee
Beware of billing companies whose only "bait" is low fees. Low fees mean only one thing: a limited amount of resources dedicated to your account. Our latest technology frees us from time consuming clerical duties and allows Advanced Medical Practice Management to dedicate much of its resources towards claim follow up. Rather than check claim status on online sites which often are not accurate, we follow up the old fashion way. We call insurance companies, we get claims reprocessed with reference numbers, and we write formal appeal letters. You will never realize your collection potential unless this approach in AR follow up is taken.
In the case of in-house billing, staff salaries remain constant and there is no motivation to pursue excellence in the billing process. Advanced Medical Practice Management's compensation is directly related to our ability to successfully collect for you through medical billing outsourcing. Our expertise in the billing process allows us to reach your collection potential while still offering a competitive billing fee.
4. Our process will make the transition and daily tasks easier
An account specialist will be assigned to your practice. Prior to your start date, Advanced Medical Practice Management will review your internal workflow and will introduce procedures ensuring the least amount of disruption to your current process. Your staff will be trained on our medical management system and will have "real-time" access to your patients' accounts. Charges, EOBs, and patient payments will be scanned and transmitted daily to our office. Within 24 hours, your charges will be submitted for payment to insurance carriers, resulting in faster returns. Your insurance EOBs and patient payments will be posted daily to your billing database. EDI clearinghouse reports will be reviewed daily, corrections will be made, and claims will be resubmitted the same day. Our intense AR follow up on all unpaid claims will result in maximized collections. Detailed Month End Reports will be generated and a comprehensive analysis of your practice will be provided. You will become better informed on your financial status and will have better tools to manage your Revenue Cycle.
5. Savings to your practice:
- Free up office staff from time consuming billing calls!
- No payroll costs!
- No employee benefits!
- No staffing, training, absenteeism, turnover issues/hassles!
- No cost for claim submission, collection letters, correspondence, etc.
- No patient billing expenses!
- No billing software licensing costs!
- No annual support costs!
If you want high quality medical billing outsourcing, call Advanced Medical Practice Management today. |