Prac Centric is a medical business specialist company that aims to provide the best collection rates for medical practices in South Africa. National statistics show that 80% of practitioners do not receive payment for all services, and the average practice spends 20% of turnover trying to collect unpaid debt and writes off 30% of accounts as bad debt due to lack of follow up. Prac Centric will minimize losses for medical practices by concentrating on collecting receivables and co-payments, ensuring fees are at maximum allowable rates, and that procedure codes are current to avoid rejected claims. Unlike other billing services, Prac Centric also aims to substantially maximize a practice's bottom line return from insurance carriers.
Academy Physicians is physician job finder agency that focused on recruiting physicians and other providers for hospitals and group practices nationwide. If you are looking for a physician job please visit: www.academyphysicians.com
HRSA requirements for a compliant sliding fee scaleCompliatric
The Health Center Compliance Manual outlines the requirements of both the program legislation and implementing regulations. The most recent updates to the Manual from HRSA provided some needed clarification in a number of areas, including the Sliding Fee Discount Program that is central to the Health Center Program. This webinar will outline the Sliding Fee requirements and provide examples and best practices for Community Health Centers to consider.
Academy Physicians is physician job finder agency that focused on recruiting physicians and other providers for hospitals and group practices nationwide. If you are looking for a physician job please visit: www.academyphysicians.com
HRSA requirements for a compliant sliding fee scaleCompliatric
The Health Center Compliance Manual outlines the requirements of both the program legislation and implementing regulations. The most recent updates to the Manual from HRSA provided some needed clarification in a number of areas, including the Sliding Fee Discount Program that is central to the Health Center Program. This webinar will outline the Sliding Fee requirements and provide examples and best practices for Community Health Centers to consider.
6 steps for streamlining physician credentialing processesecare India
he prime motive of every physician is to provide un-compromised medical services to his/her patients. It is based on the quality of the services that patients decide whether to visit the same physician or change for good.
6 steps for streamlining physician credentialing processesecare India
The prime motive of every physician is to provide un-compromised medical services to his/her patients. It is based on the quality of the services that patients decide whether to visit the same physician or change for good.
Sachin Karpe shares the Benefits of Health InsuranceSachin Karpe
Sachin Karpe Shares the Benefits of Health Insurance Whether you're self-employed, between jobs or retired, there is a perfect health care package of benefits available for you and your family.
What are your revenue cycle needs? Let us define the objectives, scope of work, and the deliverables. We are experienced revenue cycle consultants and provide support for the entire revenue cycle process; including interim managers for key spots. Office 239.775.7773, ask for Jackie Francis, President, SHM Inc.
Clinic software in Saudi Arabia helps in reducing the chances of mistakes and providing the wrong treatments to the patients due to the wrong diagnosis. Diagnostic upload, doctors dashboard, E-prescriptions, patient card are some of its features.
Top 5 Challenges with Healthcare Revenue Cycle ManagementJessica Parker
The non-medical works include taking care of all the documentation, eligibility verification, demographic entry, billing and coding and filing of the medical claims. If a single step is overlooked, the claim will be rejected. Thus, a disorganized revenue cycle management can lead to a stockpile of uncollectible with no proper process to streamline it.
You know medical billing is a crucial part of your private practice, but why exactly is it so vital? This presentation explains why medical billing is a matter of survival. Claims must be submitted in a timely manner in order for physicians to get paid for their services.
Looking for ways to maximize reimbursement? Interested in outsourcing your medical billing?
Visit Our Website: http://www.CaptureBilling.com/
6 steps for streamlining physician credentialing processesecare India
he prime motive of every physician is to provide un-compromised medical services to his/her patients. It is based on the quality of the services that patients decide whether to visit the same physician or change for good.
6 steps for streamlining physician credentialing processesecare India
The prime motive of every physician is to provide un-compromised medical services to his/her patients. It is based on the quality of the services that patients decide whether to visit the same physician or change for good.
Sachin Karpe shares the Benefits of Health InsuranceSachin Karpe
Sachin Karpe Shares the Benefits of Health Insurance Whether you're self-employed, between jobs or retired, there is a perfect health care package of benefits available for you and your family.
What are your revenue cycle needs? Let us define the objectives, scope of work, and the deliverables. We are experienced revenue cycle consultants and provide support for the entire revenue cycle process; including interim managers for key spots. Office 239.775.7773, ask for Jackie Francis, President, SHM Inc.
Clinic software in Saudi Arabia helps in reducing the chances of mistakes and providing the wrong treatments to the patients due to the wrong diagnosis. Diagnostic upload, doctors dashboard, E-prescriptions, patient card are some of its features.
Top 5 Challenges with Healthcare Revenue Cycle ManagementJessica Parker
The non-medical works include taking care of all the documentation, eligibility verification, demographic entry, billing and coding and filing of the medical claims. If a single step is overlooked, the claim will be rejected. Thus, a disorganized revenue cycle management can lead to a stockpile of uncollectible with no proper process to streamline it.
You know medical billing is a crucial part of your private practice, but why exactly is it so vital? This presentation explains why medical billing is a matter of survival. Claims must be submitted in a timely manner in order for physicians to get paid for their services.
Looking for ways to maximize reimbursement? Interested in outsourcing your medical billing?
Visit Our Website: http://www.CaptureBilling.com/
Workplace productivity is an estimate of how efficiently organizations utilize their resources to accomplish business objectives. Improving productivity is important because increasing it can increase revenue using the same or fewer resources.
Outsource Dermatology Medical Billing – Increase Collection by 20%Jessica Parker
MBC proudly support Dermatologists with outsourced medical billing services and collections. MBC is an experienced in the specialized coding requirements of Dermatologists in their practices of working with a wide range of patients with skin and any related conditions.
The term “revenue leakage” refers to a missed chance to collect income from your practise. Denied claims, piling accounts receivable claims, unbilled procedures, credentialing-related denials, underpayments, unbilled claims and unpaid patient balances can all cause revenue leakage. Medical billing and revenue leakages can result in considerable losses for any healthcare practise due to extended payment cycles. There are a few significant flaws in the entire medical billing process that should be closely observed in order to ensure a consistent revenue flow and financial stability for your clinic.
The term “revenue leakage” refers to a missed chance to collect income from your practise. Denied claims, piling accounts receivable claims, unbilled procedures, credentialing-related denials, underpayments, unbilled claims and unpaid patient balances can all cause revenue leakage. Medical billing and revenue leakages can result in considerable losses for any healthcare practise due to extended payment cycles. There are a few significant flaws in the entire medical billing process that should be closely observed in order to ensure a consistent revenue flow and financial stability for your clinic.
Accurate data mining is the best thing in medical billing services, MGSI providing and helping physicians and medical practices with Tops ideas to improve medical billing services.
https://www.mgsionline.com/medical-billing-and-collections.html
#MedicalBillingCollections
Designed the 80/20 fully Integrated tax system for South African Revenue Serv...San-Mark Antonio Trimble
This project was presented to demonstrate how effective the ICA business model helped to enhance the SA Revenue Services - Increase tax collections, while eliminating tax evasion, fraud and also minimize human intervention. Proposals also made to the SADC countries to improve their tax systems.
Revenue Cycle Management in healthcare encompasses the entire administrative process involved in getting paid for the services you provide to your patients. The process begins when a patient first calls to schedule an appointment and ends when all fees have been collected and verified.
Medical billing is becoming increasingly more complex. It is only going to get more difficult as new codes are added and more detailed patient information is required to be submitted with the claim. Add to that, physicians and other service providers are required by various insurers to provide details not previously necessary.
One small error can result in the claim not being paid promptly, completely or possibly even being denied.
1. www.prac-centric.co.za
Adiel (Director)
074 428 7575
adiel@prac-centric.co.za
Luke (Director)
079 726 1800
luke@prac-centric.co.za
Are you part of the 80% of medical
practitioners to not receive payment
on all services?
2. Here at Prac Centric, we are medical
business specialists devoted to providing
the best collection rates to medical
practices in South Africa. We aim to let
Medical Practitioners concentrate on the
fundamentals while we assist them with
growing their business into a success.
National statistics show:
80% of practitioners do not receive
payment for all services they provide.
The average practice spends up to 20%
of its turnover trying to collect unpaid
debt. 30% of accounts are written off as
bad debt, simply because practitioners
and other staff do not have the time,
diligence and motivation to follow up on
unpaid accounts.
The average practice loses up to 15% of
turnover because the incorrect modifi-
ers, procedures, Nappi codes and medi-
cal plan options were selected.
Here’s why:
Keeping current with Medical Schemes
specifications and regulations, so that
claims are paid on a timely basis,
Concentrating on collecting receivables
and co-payments, Ensuring that fees
are kept at the maximum allowable
insurance carriers are paying, or
Procedure codes are current so that
claims are not suspended or rejected.
Prac Centric will minimise your losses as
an administrator/bureau. We are
confident of this.
Billing services currently exist to manage
medical practices. These services relieve
medical professionals of tedious detail
work, but rarely do they offer a means to
substantially maximise the practice's
bottom line. Prac Centric will not only free
office staff for more crucial tasks, but will
also maximise return from insurance
carriers.