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As a physician,
you want the primary focus of your practice to be directed toward
the care and well-being of your patients. As your practice grows,
do you find that is necessary to demand more and more from the current
staff?
With each member of your staff doing more and more, do they have
time
- for additional training, to keep up with the latest changes
in coding standards
- to check on status of submitted claims
- to send out statements to collect what Medicare and the insurance
companies don’t pay
- to follow-up on claim denials
- to maintain up-to-date knowledge on Coding Standards
- coding changes every year, and if you don’t keep up
with the changes, you may use the wrong code
- you might reduce the amount of your reimbursement, or not
get reimbursed at all
- using the wrong code can even be construed as fraud
- Can you afford to buy the necessary equipment and software to
process the billing and do claims follow-up on your own?
Typically a medical practice's average
monthly receipts are reduced by delays in getting claims
submitted, claim denials, and patients taking time to pay.
Case Study:
One of PBN's clients, a 3 physician practice, was averaging 65K
per month when they started using PBN’s billing services.
Within 120 days, that number had increased to 80K per month, a 23%
increase. At the 150 day mark, it was 90K, a 38.4 % increase. During
that same time, the average number of days in AR decreased from
75 days to 45 days.
- Increase your revenues
by capturing more of your entitled reimbursements
while keeping track of the myriad of reimbursement arrangements.
- Manage all aspects
of the insurance claim and billing process so you and your staff
can concentrate on patient care and growing the business.
- Accelerate your cash
flow since most insurance claims are paid directly
to you
within 30 days.
- Lower your expenses
by decreasing operating costs and eliminating stressful office
staffing issues.
- Avoid the expense
of replacing your outdated computer systems, yet get the benefits
of using the latest technology and billing software.
- Increase Revenue
through proper coding and accuracy that only a medical billing
professional can obtain.
Let Premier Billing
Network manage all aspects of insurance claims and
billing processes so you and your staff can concentrate on patient
care.
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