It can be a real challenge trying to juggle the many tasks that need to be done behind the scenes at your medical practice when all you want to do is focus on your patients. It’s why many medical practices end up outsourcing various services, from billing and collections to credentialing. Here at ProMD, we provide practices with these services, allowing them to free up resources, increase the efficiency and effectiveness of their practice, and even make more money in the long run. The following are some of the services we offer that you can outsource through us:
We are a full-service medical insurance billing and collection company and can offer a number of different billing solutions depending on the unique needs of your practice. Our proven processes allow our clients to not only receive payments within shorter periods of time, but also helps to reduce billing and collections errors.
Using our billing and collections services, the majority of our clients end up achieving anywhere between 90 and 98 percent collection rates. We’ll also ensure that your practice keeps up with an ever changing medical billing landscape. Some of the services that we will provide as part of our billing and collections services include accounts receivables analysis, billing, billing and collections reporting, charge posting, collection, denial appeals, payment posting and the implementation of an ongoing practice management system.
Government health care payers and managed care companies require credentialing in order to make sure that physicians and medical practices are meeting the requirements of their health care provider. In fact, hospitals require physician credentialing before hospital visits or appointments are allowed.
Because of how thorough physician credentialing is, the process can be quite time-consuming. They need to confirm the licenses that you have obtained, the residency programs that you have completed, the services that you provide and any other qualifications you may have, including references from professionals and colleagues within your industry.
We can help you by performing an in-depth research and collecting all pertinent documents on your behalf to make certification a less time-consuming process. This, in turn, will allow you to focus your time and energy on running your practice.
In addition to our billing and collections services and our credentialing services, we provide medical practices with a number of other services that they can take advantage of in order to better manage their resources so that they can run their practice more efficiently and effectively.
These services include our medical practice consulting service. Our consulting service can help to improve your revenue cycle management by identifying problems that are holding back growth and productivity, thereby allowing you to improve efficiency, productivity and profitability.
Additionally, we can also provide a thorough medical practice assessment in order to analyze the operations of your business, including your billing and collections, your receivables management, your practice management system, your human resources, your staffing and salary, your fee schedule and more.
There are many different ways that you can improve the efficiency, effectiveness and productivity of your medical practice. We can provide consultation services as well as an overall assessment in order to identify exactly where you can improve your practice. More often than not, major improvements can be made by simply outsourcing certain services, such as medical billing and collections or credentialing.
ProMD Practice Management is happy to help with your billing assessment needs so you can maximize profits and increase patient satisfaction. To learn more about how ProMD can make your practice run like a well-oiled machine, call 888-622-7498 or fill out our online form to request a billing assessment.