We provide a strategic assessment focusing strictly on the people, process, and payment systems that surround the accounts receivable and reimbursement process. The goal is to ensure your practice has the right team, the right systems, and the right accountability standards to:
- Achieve Successful Reimbursement
- Maximizing Correct Coding Opportunities
- Reduce Lost Revenue
- Educate and Train Staff
- Streamline Authorizations and Referrals
- Strengthen Denial Management and Appeals
- Submit Claims Efficiently
The Medical Group Management Association (MGMA) reported in 2014 that, 50% to 65% of denials are never worked, according to industry sources, who attribute that to lack of time or knowledge.
The success of your practice rests largely upon effective management of your revenue cycle. A comprehensive review of your current billing processes, policies and procedures can help you discover where your practice is missing revenue opportunities and mitigate future lost revenue.