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Services
At Your MedSource, we are dedicated to helping physicians
manage their practices. We enable physicians to focus on
the medical care of patients while we focus on the day-to-day
operations and administrative functions of the office. Through
the use of our services, physicians ultimately achieve faster
collections, increased revenues and reduced costs. In order
for us to better serve your business needs, we recommend
a consultation in which we will create a plan that suits
your organization and practice needs. Our service modules
include:
Financial Management
- Accounts Receivable
- Payor Mix
- Month-end & Year-end Reporting
Daily Operations
- Billing and collections
- Compliance and coding analysis
- Clinic and practice management
Managed Care Contract Administration
- Contract Review and Negotiations
- Compile all credentialing information (i.e. state licensure,
state and federal drug certifications)
- Complete applications for credentialing and hospital
privilege
- Build and maintain managed care participation matrix
- Patient and Staff Education
- Assist with problem-solving claims payments, utilization
management or quality assurance programs
- Reimbursement Analysis
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Practice Management Consulting Services
- Coding: This process examines the coding patterns of
the practice and looks at improving revenue through appropriate
coding enhancement. This process notes codes that are
not being utilized, as well as the method of how codes
are documented.
- Procedure/Policy Development: The development of policy/procedures
is a key component for practice development. Everyone
needs to know the rules. A manual or source document allows
staff to review policies and make decisions without constantly
changing interpretation by the staff, the office manager
or physicians. It allows issues to be handled fairly,
consistently, reduces legal liability, and lowers staff
turnover due to frustration over unknown job duties.
- Computer System Evaluation: The increasing demands on
practices to provide information has created an increasing
demand for practice evaluation of computer systems.The
evaluation process also outlines exactly what is currently
needed in computer services as well as insures the ability
for future growth.
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Practice Management Reports
- Insurance Payor Mix
- Charges/Revenues/Adjustment Trends
- Gross/Net Collection % Trends
- Overhead Trends
- CPT Analysis New Patients
Practice Benchmarking
- Staff Performance: Benchmarking is often used as a
method to determine performance standards for office functions.
Examples may be as basic as the number of calls answered,
appointments made and medical records pulled. This process
provides a true measure of staff productivity capabilities.
- Statistical Performance: This benchmarking process evaluates
the practice's statistical performance to best practice
standards. Statistical comparisons include some of the
following: charges, adjustments, revenues, expenses, gross/net
collection percentages, and account receivable days.
Our consulting services and training to medical office personnel
enables them to obtain the information required to facilitate
prompt processing of claims. By combining these and other
process improvement techniques, the changes we implement
within offices coupled with our services, physicians are
able to realize better collection rates and efficiencies,
an achievement that has remained consistent with every client
to date.
Our involvement begins with a consultation of how our capabilities
and expertise can improve your operational effectiveness.
We invite you to contact us at 972-991-9950
to schedule a consultation and for any questions.
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Mixing good
medicine with good management!
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