Healthcare Consultant Reports to Increase Practice Revenue

Running a busy medical practice can involve wearing a lot of different hats. Taking charge of patient services, billing, collections, human resources, and other essential areas can require a lot of time and effort each day. One way to determine how well your practice is performing is to use offside CPA audits and other reporting tools. Whether your goal is to expand your business, increase medical practice revenue, or protect your clinic from fraud-related risks, MD Pro Solutions can help. Our many years of experience working with the medical insurance industry, particularly in the areas of Otolaryngology, Orthopedic, and Plastic Surgery practices, can work in your favor. We can provide a wide range of services, including education and training, ongoing support, outsourced billing, and insightful healthcare consultant reports, to help keep you on track.

Why Hire a Medical Consultant?

There are many reasons to work with a professional consultant to improve your medical practice or clinic. When you hire MD Pro Solutions, we begin our services by providing a comprehensive review of your account management and billing departments. Billing and coding issues, accounts receivable collections, no-show rates, and problems working with medical insurance industry companies can all be solved when you hire our team for consulting services. We can work with your Ear, Nose, and Throat (ENT), Ortho, or Plastic Surgery practice to make sure everyone is working effectively, efficiently, and accurately for the success of your business. We can offer a system of offside CPA audits, department audits, reviews, and healthcare consultant reports designed to help you regain control.

After the initial assessment, we can provide our clients with annual chart auditing, surgical chart auditing, and a complete array of benchmark reports and audits for billing, coding, and collections. Our goal is to help each client achieve success by working with them directly to increase medical practice revenue, improve patient satisfaction, and get paid for all the services they provide. We can take care of all the details relating to billing management through a professional assessment of your current medical billing system. We never pressure our clients to change software programs or systems but work with them to maximize the return on investment and ensure that they are getting everything they can out of their existing services. Efficiency, effectiveness, and accuracy are essential to become successful and remain so, regardless of how many new changes the healthcare industry faces in the future.

Navigating an Evolving Industry

If there’s anything you can count on in the medical field, it’s that things will always change. The migration from ICD-9 to ICD-10 posed a challenge for many practices and clinics nationwide. Education, training, and support are necessary to ensure that your in-house billing team works at their best. A free billing review from MD Pro Solutions can help you get started. It has been suggested that medical practices obtain a billing review every two to three years to ensure that everything is being done according to industry regulations and requirements. Our team has many years of experience working specifically within the Ortho, ENT, and Plastic Surgery specialties. It can offer a unique point of view and understanding with regard to the professional services we provide.

While carrying out billing reviews, we have been able to find lost revenue and missed opportunities in over 95 percent of the cases. It can be extremely frustrating for physicians, surgeons, and practice administrators to do all of the work necessary to see and treat a patient, only not to receive payment for the services rendered. When payments from the medical insurance industry get denied, rejected, or delayed, medical practices can suffer. These issues typically result from claims not being processed or submitted correctly. Even when a reduced amount is received, it can negatively impact your business. Many medical practices across the nation are losing thousands of dollars per provider each year and probably don’t even know it. A comprehensive billing review performed at regular intervals can put a stop to it and give you the tools you need to make changes designed to increase medical practice revenue and eliminate wasteful processes.

If you would like to learn more about our healthcare consultant reports, offside CPA audits, and other reporting and communications services designed to help medical practices be more successful, contact our team toll-free at 1-800-853-8110. We can answer any questions you might have about our services for Orthopedic, Otolaryngology, and Plastic Surgery practices or schedule a comprehensive review of your existing medical billing system. Call today and get your practice or clinic on the path to success with the help of MD Pro Solutions.