How Doctors Can Get More of Their Money, Faster
Doctors Have  a Big Problem <ul><li>Only have two sources of income:   </li></ul><ul><ul><li>Insurance  </li></ul></ul><ul...
Innovative Services Patient Payment Plan   Web-Based Claims Filing Profit Recovery Services Patient Well-Care Program
Innovative Services Web-Based Claims Filing
Doctors Make Money Seeing Patients <ul><li>“ Some doctors spend more time filling out forms than taking care of patients.”...
Problems with  Typical Claims Filing <ul><li>SLOW </li></ul><ul><ul><li>Turn-around up to 58 days </li></ul></ul><ul><li>H...
The Outsourced Solution <ul><li>Reduced Rejection Rate </li></ul><ul><li>Less than 2% </li></ul><ul><li>Lower Billing Cost...
You Have Two Options <ul><li>1. Invest thousands of dollars in hardware, software, training and support </li></ul><ul><li>...
Problems with Filing Claims In-House <ul><li>Initial Costs are expensive </li></ul><ul><li>Computer Setup is Complex </li>...
Outsourced Claims Filing How it Works – Step One <ul><li>Patient and Claims data is faxed into our HIPAA-Compliant online ...
Step Two <ul><li>Claims are submitted within 24 hours </li></ul>Medicare/Medicaid Insurance Companies
Step Three <ul><li>Payments from insurance companies are sent directly to the doctor </li></ul>
Final Step <ul><li>You verify claims status in our web-based system and we invoice you for claims filed </li></ul>
Innovative Services Patient Payment Plan   Web-Based Claims Filing
Collecting from Patients  Can be a Nightmare  <ul><li>The average healthcare provider only collects 49% of what patients o...
How Do YOU Deal  With Slow-Pays? <ul><li>Collection Agency? </li></ul><ul><ul><li>Up to 50% of whatever they collect </li>...
Automatic Money <ul><li>You can have all the money that is owed by your patients   </li></ul><ul><li>deposited into your b...
Patient Payment Plan <ul><li>Benefits to you… </li></ul><ul><ul><li>The ability to to extend credit with assurance of paym...
 
Quotes From Dr. Becker’s Letter
Innovative Services Patient Payment Plan   Web-Based Claims Filing Patient Well Care Program
We Can Help The Doctor  See More Patients <ul><li>Automated Cards and letters can be sent out to remind patients of: </li>...
We Do It All <ul><li>Full-color greeting and postcards </li></ul><ul><ul><li>Printed, addressed and mailed to patients aut...
Innovative Services Patient Payment Plan   Web-Based Claims Filing Profit Recovery Services Patient Well Care Program
We Can Recover Your Lost Profits <ul><li>We are NOT a collection agency </li></ul><ul><li>We use technology to collect you...
How Do We Do It? <ul><li>Series of letters mailed f rom you, on your letterhead, suggesting </li></ul><ul><ul><ul><li>Cred...
How Can We Help You? It Starts With A Free Practice Analysis
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Start with a free practice analysis to increase your bottom line.
How doctors and hospital can get more of their money faster 2% rejection rate proven 98% recovery of all revenues.
www.medicalbillrecoverysolutions.com more info

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  1. 1. How Doctors Can Get More of Their Money, Faster
  2. 2. Doctors Have a Big Problem <ul><li>Only have two sources of income: </li></ul><ul><ul><li>Insurance </li></ul></ul><ul><ul><li>Patients </li></ul></ul>And Both Are Usually Slow to Pay… If They Ever Pay at All!
  3. 3. Innovative Services Patient Payment Plan Web-Based Claims Filing Profit Recovery Services Patient Well-Care Program
  4. 4. Innovative Services Web-Based Claims Filing
  5. 5. Doctors Make Money Seeing Patients <ul><li>“ Some doctors spend more time filling out forms than taking care of patients.” </li></ul><ul><ul><ul><ul><li>Dr. C. Everett Koop Former Surgeon General </li></ul></ul></ul></ul>
  6. 6. Problems with Typical Claims Filing <ul><li>SLOW </li></ul><ul><ul><li>Turn-around up to 58 days </li></ul></ul><ul><li>High Rejection Rate </li></ul><ul><ul><li>National Rejection Rate is 34% </li></ul></ul><ul><li>High Cost </li></ul><ul><ul><li>National Average of $12 per claim* </li></ul></ul>* American Medical Association Survey
  7. 7. The Outsourced Solution <ul><li>Reduced Rejection Rate </li></ul><ul><li>Less than 2% </li></ul><ul><li>Lower Billing Costs </li></ul><ul><li>Save up to 50% by outsourcing </li></ul><ul><ul><li>Faster Payment of Claims </li></ul></ul><ul><ul><li>Average of 14 days </li></ul></ul>
  8. 8. You Have Two Options <ul><li>1. Invest thousands of dollars in hardware, software, training and support </li></ul><ul><li> OR </li></ul><ul><li>2. OUTSOURCE IT! </li></ul>
  9. 9. Problems with Filing Claims In-House <ul><li>Initial Costs are expensive </li></ul><ul><li>Computer Setup is Complex </li></ul><ul><li>Staff Learning-curve is high </li></ul><ul><li>On-going Costs </li></ul><ul><ul><li>New Staff Training </li></ul></ul><ul><ul><li>Constant Updates to Software </li></ul></ul><ul><ul><li>On-going Support </li></ul></ul>
  10. 10. Outsourced Claims Filing How it Works – Step One <ul><li>Patient and Claims data is faxed into our HIPAA-Compliant online system </li></ul>
  11. 11. Step Two <ul><li>Claims are submitted within 24 hours </li></ul>Medicare/Medicaid Insurance Companies
  12. 12. Step Three <ul><li>Payments from insurance companies are sent directly to the doctor </li></ul>
  13. 13. Final Step <ul><li>You verify claims status in our web-based system and we invoice you for claims filed </li></ul>
  14. 14. Innovative Services Patient Payment Plan Web-Based Claims Filing
  15. 15. Collecting from Patients Can be a Nightmare <ul><li>The average healthcare provider only collects 49% of what patients owe </li></ul><ul><li>Even the patients that do pay are EXTREMELY SLOW! </li></ul>
  16. 16. How Do YOU Deal With Slow-Pays? <ul><li>Collection Agency? </li></ul><ul><ul><li>Up to 50% of whatever they collect </li></ul></ul><ul><ul><li>May damage patient/doctor rapport </li></ul></ul><ul><li>In-house Financing? </li></ul><ul><ul><li>You become a banker! </li></ul></ul><ul><ul><li>Payments trickle in over 60-120 days </li></ul></ul><ul><li>Write it off? </li></ul><ul><ul><li>How much are you losing each year? </li></ul></ul>
  17. 17. Automatic Money <ul><li>You can have all the money that is owed by your patients </li></ul><ul><li>deposited into your bank account </li></ul><ul><li>on the same day every month </li></ul><ul><li>W ithout having to send a single invoice . </li></ul>
  18. 18. Patient Payment Plan <ul><li>Benefits to you… </li></ul><ul><ul><li>The ability to to extend credit with assurance of payment </li></ul></ul><ul><ul><li>Filters out bad credit risks </li></ul></ul><ul><ul><li>Staff can concentrate on patient care </li></ul></ul><ul><ul><li>Increases your cash-flow </li></ul></ul><ul><li>Process used by… </li></ul><ul><ul><li>Insurance Companies </li></ul></ul><ul><ul><li>Health Clubs </li></ul></ul><ul><ul><li>Mortgage Companies, etc. </li></ul></ul>
  19. 20. Quotes From Dr. Becker’s Letter
  20. 21. Innovative Services Patient Payment Plan Web-Based Claims Filing Patient Well Care Program
  21. 22. We Can Help The Doctor See More Patients <ul><li>Automated Cards and letters can be sent out to remind patients of: </li></ul><ul><ul><ul><li>Appointments </li></ul></ul></ul><ul><ul><ul><li>Physicals </li></ul></ul></ul><ul><ul><ul><li>Mammograms </li></ul></ul></ul><ul><ul><ul><li>Check ups </li></ul></ul></ul><ul><ul><ul><li>Other Well Care Programs </li></ul></ul></ul>
  22. 23. We Do It All <ul><li>Full-color greeting and postcards </li></ul><ul><ul><li>Printed, addressed and mailed to patients automatically each month </li></ul></ul><ul><li>Pre-designed campaigns that you can alter any way you wish </li></ul><ul><li>Doctor’s signature printed in blue ink on each card </li></ul><ul><li>All for less than what you would pay for just a card </li></ul>
  23. 24. Innovative Services Patient Payment Plan Web-Based Claims Filing Profit Recovery Services Patient Well Care Program
  24. 25. We Can Recover Your Lost Profits <ul><li>We are NOT a collection agency </li></ul><ul><li>We use technology to collect your past due accounts </li></ul><ul><li>Collection rate averages 41% of money owed, even after 120 days </li></ul><ul><li>Fee as low as 5% of collected amounts </li></ul>
  25. 26. How Do We Do It? <ul><li>Series of letters mailed f rom you, on your letterhead, suggesting </li></ul><ul><ul><ul><li>Credit Bureau Reporting </li></ul></ul></ul><ul><ul><ul><li>Collection Agency intervention </li></ul></ul></ul><ul><ul><ul><li>Intensive Attorney intervention </li></ul></ul></ul><ul><li>All payments sent directly to you </li></ul><ul><li>Collection fees only on money collected </li></ul>
  26. 27. How Can We Help You? It Starts With A Free Practice Analysis
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