| Medical Billing Insights |
"Simple Solutions to Your Reimbursement Problems"
You Care, We Deliver!
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| Wednesday April 10, 2013 |
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| Are you leaving over 24% of your revenue uncollected? |
| Physicians today are facing a multitude of challenges as they struggle with payers
and other challenges invariably leading to reduced quality of healthcare and informal processes resulting in loss of revenue. |
| Industry standards state : |
- Majority of physicians leave over 24% of their revenue uncollected
- Various medical practices report a gross collection rate of 60% or less
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Uncollected revenue can adversely affect medical practice especially as experts state that-
- “Better performing” medical practices collect more than 15% above practices in similar specialty
- Many of the high performing practices profit margins are atleast 30% higher than their peers
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| Read More... |
Why most practices are unable to collect maximized revenue?
- Time constraints to regularly track - 1st time claims, denied claims and underpayments
- Increased patient demands results in less time to manage....Read More...
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How some practices manage to collect more?
- Increased staff costs which helps increase profitability
- Investment in Technology and Facilities
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| Read More... |
| These practices help procure higher patient satisfaction and revenues. |
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| Get The Best Solutions In RCM Consultancy |
Call Now
for Free Consultation
888 357 3226 |
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| Improving your collections with MBC |
| MBC has helped it clients across all 50 US States across various specialties improve their revenue. |
| MBC’s billing model |
| People — Process — Technology — Work flow — Expertise |
| End to end Medical Billing |
Claims Management |
Denial Management services |
Technology Optimization Strategies |
ICD 10 Transition Support |
Regular Industry Updates |
Consultancy services. |
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| Benefit with MBC’s billing model |
| Better visibility of the revenue cycle & better financial control |
Significantly reduced overhead costs for every claim |
Lower A/R days & improved cash flow |
| Dedicated billing consultant for revenue tracking & improved payer management |
Reduced technology costs & Increased resources for other strategic functions |
Improved compliance & adaptability to new regulations & industry changes |
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The above processes and benefits help increase our clients’ collections by as much as 15-20%! |
MBC has been providing revenue management services for over a decade now to healthcare organizations, small to large physician practices, hospitals and groups of all sizes. |
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