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Full Service Medical Billing

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To get a better understanding of what Del Core Business Solutions does as a Full Service Medical Billing and the Services we provide to the Medical Industry.

To get a better understanding of what Del Core Business Solutions does as a Full Service Medical Billing and the Services we provide to the Medical Industry.

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Transcript

  • 1. Doctors Have a Big Problem
    • Only have two sources of income:
      • Insurance
      • Patients
    And Both Are Usually Slow to Pay… If They Ever Pay at All!
  • 2. Innovative Services Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program
  • 3. Innovative Services Electronic Medical Claims
  • 4.
    • “ Some doctors spend more time filling out forms than taking care of patients.”
          • Dr. C. Everette Koop, Former Surgeon General
    It’s Not Just You…
  • 5. Problems with Paper Filing
    • SLOW
      • Turn-around up to 58 days
    • High Rejection Rate
      • National Rejection Rate is 35%
    • High Cost
      • National Average of $12 per claim*
    * American Medical Association Survey
  • 6. The Electronic Solution
    • Reduced Rejection Rate
    • Less than 2%
    • Lower Billing Costs
    • Save up to 50% by outsourcing
      • Faster Payment of Claims
      • Average of 14 days
  • 7. You Have Two Options
    • 1. Invest thousands of dollars in hardware, software, training and support
    • OR
    • 2. OUTSOURCE IT!
  • 8. Problems with In-House Electronic Filing
    • Computer Setup is Complex
    • Staff Learning-curve is high
    • Initial Costs are expensive
    • On-going Costs
      • New Staff Training
      • Constant Updates to Software
      • On-going Support
  • 9. Here’s How It Works
    • Patient and Claims data is picked up, faxed or entered by office staff
  • 10. Step Two
    • Claims are submitted within 24 hours
    Medicare/Medicaid Insurance Companies
  • 11. Step Three
    • Payments from insurers are sent directly to you
  • 12. Final Step
    • You verify claims status online
    • We invoice you for claims filed
  • 13. Innovative Services Patient Payment Plan Electronic Medical Claims
  • 14. Collecting from Patients Can be a Nightmare
    • The average healthcare provider only collects 49% of what patients owe
    • Even the patients that DO pay are EXTREMELY SLOW!
  • 15. How Do YOU Deal With Slow-Pays?
    • Collection Agency?
      • Up to 50% of whatever they collect
      • May damage patient/doctor rapport
    • In-house Financing?
      • You become a banker!
      • Payments trickle in over 60-120 days
    • Write it off?
      • How much are you losing each year?
  • 16. Ask Yourself...
    • What would it be worth for you to get the money that you have already earned ... on the same day of the month, every month… without having to send a single invoice?
    Our clients will tell you… It’s worth thousands!
  • 17. Patient Payment Plan ™
    • Benefits to you…
      • The ability to to extend credit with assurance of payment
      • Filters out bad credit risks
      • Staff can concentrate on patient care
      • Increases your cash-flow
    • Process used by…
      • Insurance Companies
      • Health Clubs
      • Mortgage Companies, etc.
  • 18. Patient Payment Plan ™ Testimonial
  • 19. Innovative Services Patient Payment Plan Electronic Medical Claims Patient Well Care Program
  • 20. We Can Help The Doctor See More Patients
    • Automated Cards and letters can be sent out to remind patients of:
        • Appointments
        • Physicals
        • Mammograms
        • Check ups
        • Other Well Care Programs
  • 21. Examples of Mailers
  • 22. Innovative Services Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program
  • 23. We Can Recover Your Lost Profits
    • We use technology to collect your past due accounts
    • We are NOT a collection agency
    • Collection rate averages 41% of money owed, even after 120 days
  • 24. Profit Recovery
    • Letters are
      • From you, on your letterhead
      • Imply Credit Bureau Reporting
      • Mention Collection Agency intervention
      • Suggest Intensive Attorney intervention
    • All payments sent directly to you
  • 25. Series of Increasingly Demanding Letters Letters from an Attorney sent when there is no response
  • 26. How Can We Help You? Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program

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