Practicing physicians are being squeezed from both ends of the economic scale, lower reimbursements for seeing patients and growing expenses for maintaining the office and staff. Adding to this conundrum is the fact that patients are becoming increasingly responsible for higher deductibles and co-payments. For the average physician this simply means less profitability and less take home compensation.
Practices are now recognizing the benefit of having a professional dedicated team whose focus is on increasing the rate of collections at the office. Managing the Revenue Cycle is becoming the answer for small and large physician practices alike.
Revenue Management allows the office staff to focus on the patient tasks which support the office and increase collections such as:
- Scheduling Patients
- Patient Insurance Eligibility
- Collecting Patient Co-Pays and Deductibles
Your office continues to use your current Electronic Medical Records and Practice Management System. Docsbackoffice staff will learn your system and all patient data is kept in your system and remains fully HIPAA compliant.
Docsbackoffice supports your staff by contacting your patient’s insurance company when your claim is denied. We work closely with your staff to get the claim corrected and have limited access to your Electronic Medical Records and sensitive patient information. We do all the accounts receivable calls resulting in faster payments of questionable claims.
You will still be in full control of your billing. Docsbackoffice becomes an extension of your current billing operations by providing the direct collections. All payments will continue to go directly to your office.
In addition you have the option of Docsbackoffice to assume responsibility for scrubbing and transmitting the claims to your clearinghouse, sending out patient statements and providing your patients with a call center and toll free number for all their billing questions.
We will ensure that you will have a clean and continuous billing cycle that will allow for you to receive revenue in an efficient and predictable manner. Our fees will be significantly lower than the cost of a full time staff member. Our focus will be only on your collections and getting your claims paid.