About On the Money Medical Billing
In the era of declining reimbursements, delayed payments, insurance take backs, ever changing regulations and software glitches to name but a few, practices like yours face multiple obstacles to getting paid. Just like a finely tuned car all aspects of your practice must function seamlessly to maximize healthcare collections every day.
After many years of working in different healthcare fields, I have found out that many physicians and healthcare companies are not effectively getting their collections from both insurance companies and patients. I have learned that many offices often do not know they have a problem with their accounts receivables until there is no money in the bank. Reasons vary from not knowing how to check insurance correctly, or errors with practice management systems that makes tracking outstanding AR difficult, credentialing issues, changes and updates to the submission process, changes in regulations along with a slew of other reasons.
It is often the case that current charges are the focus of the office due to employees multi-tasking however it is imperative that 30-day, 90-day, 180 day and even greater AR balances are worked. Fixing denials highlights any issues that need attention, issues such as credentialing updates not being performed in a timely manner can result in reimbursements being stopped. If AR is worked then this trend would be highlighted and fixed thus ensuring past and future revenues continue without any disruption. Working the revenue cycle process in this way can ensure that your revenues are consistently above 90% collections at 180 days if not earlier.
On The Money LLC can help you and your practice process electronic claims, paper claims, clear up old AR, insurance verification, provider credentialing, compliance and many other areas based on your needs.
I would love the opportunity to schedule an appointment with you, to see if utilizing my services would benefit your practice. Also, we offer a personal touch. We want you to feel as comfortable with us, as you would your own in-house billing team. We will try to utilize existing software and services you have in place to make a quick, smooth transition, but will offer input on services that may make your practice more efficient.