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   Electronic Medical Claims   Profit Recovery Services Patient Well Care Program
Innovative Services Electronic Medical Claims
<ul><li>“ Some doctors spend more time filling out forms than taking care of patients.” </li></ul><ul><ul><ul><ul><li>Dr. ...
Problems with  Paper Filing <ul><li>SLOW </li></ul><ul><ul><li>Turn-around up to 58 days </li></ul></ul><ul><li>High Rejec...
The Electronic 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 In-House Electronic Filing <ul><li>Computer Setup is Complex </li></ul><ul><li>Staff Learning-curve is high ...
Here’s How It Works <ul><li>Patient and Claims data is picked up, faxed or entered by office staff </li></ul>
Step Two <ul><li>Claims are submitted within 24 hours </li></ul>Medicare/Medicaid Insurance Companies
Step Three <ul><li>Payments from insurers are sent directly to you </li></ul>
Final Step <ul><li>You verify claims status online </li></ul><ul><li>We invoice you for claims filed </li></ul>
Innovative Services Patient Payment Plan   Electronic Medical Claims
Collecting from Patients  Can be a Nightmare   <ul><li>The average healthcare provider only collects 49% of what patients ...
How Do YOU Deal  With Slow-Pays? <ul><li>Collection Agency? </li></ul><ul><ul><li>Up to 50% of whatever they collect </li>...
Ask Yourself... <ul><li>What would it be worth for you to get the money that you have  already earned ... on the same day ...
Patient Payment Plan  ™ <ul><li>Benefits to you… </li></ul><ul><ul><li>The ability to extend credit with assurance of paym...
Patient Payment Plan  ™    Testimonial
Innovative Services Patient Payment Plan   Electronic Medical Claims   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>...
Examples of Mailers
Innovative Services Patient Payment Plan   Electronic Medical Claims   Profit Recovery Services Patient Well Care Program
We Can Recover Your Lost Profits <ul><li>We use technology to collect your past due accounts </li></ul><ul><li>We are NOT ...
Profit Recovery <ul><li>Letters are </li></ul><ul><ul><li>From you, on your letterhead </li></ul></ul><ul><ul><li>Imply Cr...
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
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Medical Billing For Doctors

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Doctors... find out how a medical billing profession can help you save time, money and frustration.

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Medical Billing For Doctors

  1. 1. 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!
  2. 2. Innovative Services Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program
  3. 3. Innovative Services Electronic Medical Claims
  4. 4. <ul><li>“ Some doctors spend more time filling out forms than taking care of patients.” </li></ul><ul><ul><ul><ul><li>Dr. C. Everette Koop, Former Surgeon General </li></ul></ul></ul></ul>It’s Not Just You…
  5. 5. Problems with Paper 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 35% </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
  6. 6. The Electronic 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>
  7. 7. 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>
  8. 8. Problems with In-House Electronic Filing <ul><li>Computer Setup is Complex </li></ul><ul><li>Staff Learning-curve is high </li></ul><ul><li>Initial Costs are expensive </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>
  9. 9. Here’s How It Works <ul><li>Patient and Claims data is picked up, faxed or entered by office staff </li></ul>
  10. 10. Step Two <ul><li>Claims are submitted within 24 hours </li></ul>Medicare/Medicaid Insurance Companies
  11. 11. Step Three <ul><li>Payments from insurers are sent directly to you </li></ul>
  12. 12. Final Step <ul><li>You verify claims status online </li></ul><ul><li>We invoice you for claims filed </li></ul>
  13. 13. Innovative Services Patient Payment Plan Electronic Medical Claims
  14. 14. 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>
  15. 15. 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>
  16. 16. Ask Yourself... <ul><li>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? </li></ul>Our clients will tell you… It’s worth thousands!
  17. 17. Patient Payment Plan ™ <ul><li>Benefits to you… </li></ul><ul><ul><li>The ability 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>
  18. 18. Patient Payment Plan ™ Testimonial
  19. 19. Innovative Services Patient Payment Plan Electronic Medical Claims Patient Well Care Program
  20. 20. 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>
  21. 21. Examples of Mailers
  22. 22. Innovative Services Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program
  23. 23. We Can Recover Your Lost Profits <ul><li>We use technology to collect your past due accounts </li></ul><ul><li>We are NOT a collection agency </li></ul><ul><li>Collection rate averages 41% of money owed, even after 120 days </li></ul>
  24. 24. Profit Recovery <ul><li>Letters are </li></ul><ul><ul><li>From you, on your letterhead </li></ul></ul><ul><ul><li>Imply Credit Bureau Reporting </li></ul></ul><ul><ul><li>Mention Collection Agency intervention </li></ul></ul><ul><ul><li>Suggest Intensive Attorney intervention </li></ul></ul><ul><li>All payments sent directly to you </li></ul>
  25. 25. Series of Increasingly Demanding Letters Letters from an Attorney sent when there is no response
  26. 26. How Can We Help You? Patient Payment Plan Electronic Medical Claims Profit Recovery Services Patient Well Care Program
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