The healthcare industry has undergone many dynamic changes in recent years – not all of them for the betterment of medical practices or patients. Medical billing, in particular, is one of the areas that has significantly impacted the ability of physicians to successfully run their practices or clinics. The switch from ICD-9 to ICD-10 caused many billing departments to get behind, become overrun with rejected or denied claims and seriously impact their accounts receivable. However, it is possible to increase medical practice revenue, get on track with the latest coding and claims submission requirements, and identify missed revenue opportunities when working with a professional medical billing consultant. MD Pro Solutions can provide education, training, support, and services to help get your practice back on track.
Why a Free Billing Review Matters
One of the best ways to identify the issues that plague your billing department, including problems with comprehensive record-keeping and incorrect medical codes, is to obtain a billing review. Medical industry experts recommend that a complete billing review should be performed every two to three years. An external review is considered by many to be a necessity, as it acts as an insurance policy for your practice. At MD Pro Solutions, we have uncovered lost revenue and missed revenue opportunities in 95 percent of the cases. This can be extremely frustrating for physicians and office managers, especially when you have done all the work only to receive a denied claim back from the insurance companies.
If the billing was not submitted correctly, the claim could be denied or rejected. Physicians might also receive a reduced amount because of improper coding. The bottom line is that your practice could potentially be losing thousands of dollars per provider each year, and you might not even know it without a comprehensive billing review. Performing a free billing review helps our team to identify the areas that require the most support and can ensure that our clients understand why the work needs to be done. Solutions can include training and education, ongoing online support, outsourced medical billing, improvements to medical billing systems and software, and other opportunities. Our many years of experience working in the medical billing industry is a significant advantage to our clients.
Improvements Across the Board
Founded by a group of medical practitioners and practice administrators who specialize in the areas of Otolaryngology (Ear, Nose, and Throat – ENT), Orthopedic (Ortho), and Plastic Surgery practices, our experience helps us to understand and develop solutions for our clients because we have worked in the trenches ourselves. MD Pro Solutions recognizes that there is no such thing as a one-size-fits-all solution when it comes to medical billing, so we work with each client as an individual to identify missed revenue opportunities and provide professional suggestions to make improvements. The only way to successfully navigate the complex task of medical billing is to stay on top of educational training and have a firm grasp of the medical insurance company.
We offer a wide range of services, including education and training for every member of your staff, ongoing support services, and meaningful reporting designed to help you make more informed decisions about your practice. There are many benefits associated with getting our free billing review and even more for those who decide to hire our team for consulting, training, and other professional services. We are so confident in our ability to help our clients to increase medical practice revenue and make improvements where it matters most – medical billing and coding, claims submissions, and comprehensive record-keeping, that we offer a guarantee. We will increase your net receipts by at least five percent in the first year of our working together, or your billing is free.
Contact MD Pro Solutions
If you are a physician, practice manager, or administrator who works with medical billing in an Otolaryngology, Orthopedic, or Plastic Surgery practice or clinic, contact MD Pro Solutions directly to learn more about our services. You can reach our team by calling toll-free at 1-800-853-8110. We can answer any questions you might have about our professional services and learn more about our methods to help our clients identify missed revenue opportunities and increase medical practice revenue. Call today to schedule your free billing review to get started!