Effective management of the billing and collection system is crucial for ensuring the financial health and sustainability of a private medical practice.
Administrative Burden
Inadequate management of billing and collections often means more time and resources spent on administrative tasks, detracting from patient care and other essential aspects of running the practice.
Missed Revenue Opportunities
Failure to accurately bill for services provided or to follow up on unpaid claims can result in missed revenue for the practice.
Inefficient Process
Inefficient billing processes can lead to delays in receiving payments from insurance companies or patients, which can affect the cash flow of the practice.
Risk of Compliance Violations
Poor billing practices can also increase the risk of compliance violations, such as improper coding or billing for services not rendered, which can result in penalties or legal issues for the practice.
• Improve Practice Profitability • Get Paid Faster • Reduce Receivables • Recover Lost Profit • Streamline Patient Encounters • Guard Against Audits • Denial Management
Help 24/7
What can we offer to your Practice
We’re part of a nationwide network of Certified Medical Revenue Managers (CMRM), and we specialize in practice management, revenue cycle optimization, and private practice business support.
