Collection problems are very serious to the financial health of your medical practice. You may find costs and overhead going up while cash flow goes down. To make matters worse, your office is probably spending more time than ever before contending with third party regulations and rejected claims.
- An assessment of your billing and collection process. Is it timely, efficient and accurate?
- An analysis of your fee schedule. Are you charging enough?
- An evaluation of your reimbursement record. Are there steps you can take to improve your reimbursement rate and speed up payments from the slowest patients and payers?
- An examination of coding procedures and claim denials. Can you increase the number of “clean claims?”