solving the medical billing dilemma
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Post on 22-Jul-2015
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TRANSCRIPT
In-house or outsource?!!!
The revenue cycle of medical practices is becoming increasingly complex.
The shift towards value based payment models adds another layer of complexity.
Most healthcare providers are lost, confused and under tremendous pressure!
The question on every
medical care provider’s
mind is…
What’s that got to do with chocolate?
You sure can make chocolates at home.
But shopping at the store down the road is easier,
inexpensive, time-saving and, yes, you will know for sure
that the chocolate would always taste awesome!
You sure can! But it is more expensive, laborious, complicated and
protracted.
Did you know?
An average medical practice deals with 10 different payers and
several pay schedules. So you cannot blame your in-house biller(s)
for being slow, inefficient and perplexed.
Can you handle billing in-house?
$30 to $90 is the average cost of processing claims
Hundreds of healthcare providers have outsourced
their RCM over the last 2 years
Hospitals with more than 200 beds have seen a
revenue gain of 5% after outsourcing
•
Hospitals with less than 200 beds saw a revenue increase of 7 %
The Black Book survey polled 2,250 CFOs, CIOs, business
managers and financial service staffers
445 hospitals across 40 states were polled
90% of organizations felt they didn’t have the money for
upgrading in-house RCM systems
Upcoming transitions, a quality based payment
model that is still evolving ,and a huge influx
Of insured patients are driving physicians up
The wall!
HELP!!!!
Better collections
Compliance with federal regulations
Stable, streamlined workflow
Lesser administrative hassles
What physicians are looking for:
7 Specialist teams
300 certified medical billers, coders and RCM experts
99% first pass claim acceptance rate
80% reduction in aging AR
Thousands of claims processed per day
Hundreds of happy clients
One simple solution…
Your magic key to success!
BillingParadise
Call us @ 888-571-9069
Inbox us at :info@ billingparadise.com