In order to tackle missed revenue opportunities, medical practices will have to bridge gaps in medical billing, integrate clinical and billing processes and focus on enhancing their revenue cycle management. With annual payment cuts, rising costs and ICD-10 looming on the horizon, providers cannot afford to lose more money..
|As per the final rule, SGR pay cut for 2014 will be approximately 24% which will affect the financial health of medical practices|
|Implementation of ICD-10 in 2014 will not only lead to system re-designing but also result in disrupted cash flow|
|Fee-for-service contracts have been negotiated with physicians by third party payers. This has resulted in reimbursement at less than 100% of charges|
Why does a practice lose money?
Don’t miss opportunities to collect revenue at your practice:
Providers can improve the financial standing of their practice by handling the below-mentioned opportunities in the right manner-
Tackling missed revenue opportunities with MBC!
Practices can tackle missed revenue opportunities by choosing a medical billing company like Medicalbillersandcoders.com that will not only optimize billing processes but also offer effective revenue cycle management.
|Use of latest technology: you don’t need to worry about investing in latest software and systems. MBC makes use of all the necessary resources and processes to enhance collection rate and minimize claim denials|
|Error-free claim submission: MBC has the largest consortium of billers and coders who can help your practice collect maximum revenue through error-free coding and billing|
|Customized services: MBC offers specialized billing services customized as per your management needs. You can either take the entire suite of services from MBC or choose certain services as per your practice requirements|
|Effective solutions for revenue generation: MBC not only helps practices identify areas that need improvement for better collection rate but also offers effective solutions to overcome challenges, if any|
The expert team of coders and billers at MBC have been successfully helping practices identify missed revenue opportunities.
|MBC||=||Optimize Billing Processes||+||Increased Revenues|