Surviving Deductible Season: Are you prepared to go through another cash flow decrease during the 1st quarter of 2010? Of course not.
Are these familiar statements in your practice?
"But I already paid Dr. Smith my deductible."
"Oh, I don't have a co-pay with my plan."
"Can you bill my insurance first and send me a bill later?"
Statements like these can contribute an average increase of 30%-40% in patient balances, with the chances of recovery diminishing daily. MEDCENTS provides you with the tools necessary to give you access to real-time patient co-pay amounts and deductible status information, giving you the opportunity to collect the appropriate revenue at the time of services rendered.
We help you and your staff build a successful system to avoid keeping your money tied up in A/R by monitoring all billing and A/R activity for ninety (90) days. This program has been successfully implemented in the offices of many of our doctors and they agree, we can help you maintain and protect your cash flow by 20%-30% in the 1st quarter.
Our Deductible Season Program is affordable and easy to implement and we routinely help physicians capture up to an additional $5,000 a week in reimbursements. Let us help you.
We bring predictability to your profitability.
Deductible Season Program
Services provided to protect & maintain cash flow during the first quarter of 2010:
Introduction of tools necessary to check current patient eligibility status
Identify patient's current deductible status
Identify patient's current co-pay (and additional co-pay) amounts
Establishment of proper collection procedures for services rendered based on eligibility criteria
Monitoring of all billing and A/R activity for the first quarter (90 days)