Payment Automation Network Inc. Medical Providers Presentation Please click your mouse to continue to the slideshow. You can press the <ESC> key at any time to quit. Payment Automation Network Providing Cash Flow Solutions Visit us on the web at www.PaymentAutomation.net

Please click your mouse to continue to the slideshow. You can press the <ESC> key at any time to quit.

Payment Automation Network

Providing Cash Flow Solutions

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!

Only have two sources of income:

Insurance

Patients

Innovative Services Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program

Innovative Services Electronic Medical Claims

“ 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…

“ Some doctors spend more time filling out forms than taking care of patients.”

Dr. C. Everette Koop, Former Surgeon General

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

SLOW

Turn-around up to 58 days

High Rejection Rate

National Rejection Rate is 35%

High Cost

National Average of $12 per claim*

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

Reduced Rejection Rate

Less than 2%

Lower Billing Costs

Save up to 50% by outsourcing

Faster Payment of Claims

Average of 14 days

You Have Two Options 1. Invest thousands of dollars in hardware, software, training and support OR 2. OUTSOURCE IT!

1. Invest thousands of dollars in hardware, software, training and support

OR

2. OUTSOURCE IT!

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

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

Here’s How It Works Patient and Claims data is picked up, faxed or entered by office staff

Patient and Claims data is picked up, faxed or entered by office staff

Step Two Claims are submitted within 24 hours Medicare/Medicaid Insurance Companies

Claims are submitted within 24 hours

Step Three Payments from insurers are sent directly to you

Payments from insurers are sent directly to you

Final Step You verify claims status online We invoice you for claims filed

You verify claims status online

We invoice you for claims filed

Innovative Services Patient Payment Plan Electronic Medical Claims

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!

The average healthcare provider only collects 49% of what patients owe

Even the patients that DO pay are EXTREMELY SLOW!

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?

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?

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!

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?

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.

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.

Patient Payment Plan ™ Testimonial

Innovative Services Patient Payment Plan Electronic Medical Claims Patient Well Care Program

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

Automated Cards and letters can be sent out to remind patients of:

Appointments

Physicals

Mammograms

Check ups

Other Well Care Programs

Examples of Mailers

Innovative Services Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program

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

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

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

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

Series of Increasingly Demanding Letters Letters from an Attorney sent when there is no response

How Can We Help You? Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program

We can help improve your cash flow. Contact us today www.PaymentAutomation.net Payment Automation Network, Inc. Email: [email_address] Toll Free: (800) 813-3740