PROMD - Practice Management

MEDICAL PRACTICE SELF-ASSESSMENT

1. Do you know your collection rate? (Collection Rate should be greater than 90% after 6 months and greater than 95% after 9 months.)	Yes	No
2. Do you know your outstanding guarantor receivables balances by number of days since last billed? (@>60% of the balance should be in the 0-60 day buckets)	Yes	No
3. Do you know your outstanding insurance receivables balances by number of days since last billed? (@>75% of the balance should be in the 0-60 day buckets)	Yes	No
4. Do you know the breakdown of insurance receipts over 90 days outstanding?	Yes	No
5. Do you know the top claim denial reasons and trends?	Yes	No
6. Is your Staff well trained on Insurance Verification?	Yes	No
7. Does your Staff know how to collect patient responsibility at time of service? i.e. deductibles, co-insurance?	Yes	No
8. Is your Staff aware of your Insurance contracted rates?	Yes	No
9. Do you have a Daily Closing process in place and do you reconcile your daily cash with your cash deposits?	Yes	No
10. Are you currently contracted with every desirable Insurance Plan?	Yes	No

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Welcome to PROMD

ProMD Practice Mangement

The team at ProMD Practice Management has years of experience in medical office management and operations. ProMD was started by physicians, who understood the value of quality management, for physicians who would share in the same values.

Whether you have an established practice or are starting a new practice, our dedicated team will assist you to enhance your medical practice by providing the best Billing & Collections, Operations Oversight, Management Oversight, Consulting Services and Project Development services available.

Our primary focus is to tailor our services to meet the needs of your practice by working with your Staff to develop and enhance your practice effectiveness and cost efficiency. This allows you to concentrate on what you do best, to provide quality medical services to your patients.