MD Technologies, Inc.: Your Medical Billing Outsourcing Partner


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Overview of the unique integrated solutions of practice management software and medical billing services for physician practice groups nationwide

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MD Technologies, Inc.: Your Medical Billing Outsourcing Partner

  2. 2. Where healthcare and technology converge
  3. 3. Convergence = one solution for total practice management
  4. 4. Solutions <ul><li>Revenue Cycle Management (RCM) </li></ul><ul><li>Practice Management System: Medtopia  Manager </li></ul><ul><li>Electronic Medical Records </li></ul><ul><li>Mobile Charge Capture </li></ul><ul><li>Document Management </li></ul><ul><li>Software Time Share Available </li></ul>
  5. 5. RCM Services <ul><li>Provided by our subsidiary MGSI </li></ul><ul><li>Same management team for 14 years </li></ul><ul><li>Rated among top 10% RCM companies in the country </li></ul><ul><li>Consistently performs at levels superior to industry standards </li></ul><ul><li>Nationwide service </li></ul><ul><li>Multi specialty and stand alone facilities experience </li></ul><ul><li>Coding, billing, A/R Management experience across all payers </li></ul>
  6. 6. Benefits <ul><li>Increases revenue and profitability </li></ul><ul><li>Minimizes government audits </li></ul><ul><li>Reduces / eliminates software expense </li></ul><ul><li>Accelerates cash flow </li></ul><ul><li>Reallocate billing department space </li></ul><ul><li>Keeps providers/managers in the know </li></ul>
  7. 7. Increases Revenue and Profitability <ul><li>Professional billers and certified coders maximizes reimbursement </li></ul><ul><li>Reduces days in A/R </li></ul><ul><li>Reduces salary and benefits expense </li></ul><ul><li>Substantially increases revenue without increasing patient encounters </li></ul>
  8. 8. <ul><li>Claims electronically submitted daily </li></ul><ul><li>More accurate first time billing </li></ul><ul><li>Appropriate coding for all services rendered </li></ul><ul><li>Average days in A/R are reduced </li></ul><ul><li>Timely claims follow-up </li></ul><ul><li>Timely resolution of denials and appeals </li></ul>Accelerates Cash Flow
  9. 9. Medtopia  Manager <ul><li>MD Technologies Proprietary Practice Management System </li></ul><ul><li>Delivered over the Internet (web based) </li></ul><ul><li>Electronic submissions and remits </li></ul><ul><li>24 hour access </li></ul><ul><li>Low monthly subscription fee </li></ul><ul><li>Full billing and collection capability </li></ul><ul><li>HIPAA Compliant </li></ul><ul><li>Hosted in secure off-site data facility </li></ul><ul><li>Excellent customer support </li></ul>
  10. 10. Electronic Medical Records <ul><li>Seamless integration with our practice management systems </li></ul><ul><li>Full individual patient medical record </li></ul><ul><li>Enhances provider productivity and efficiency </li></ul><ul><li>All data secured and HIPAA compliant </li></ul><ul><li>Minimizes government audits </li></ul>
  11. 11. Mobile Charge Capture <ul><li>Interfaces with Medtopia  Manager and Misys </li></ul><ul><li>All data exchange secured </li></ul><ul><li>Excellent for hospital physician services </li></ul><ul><li>Operates on Blackberry and select Palm devices </li></ul><ul><li>Accelerates reimbursement </li></ul><ul><li>Partnership with PMD Soft </li></ul>
  12. 12. Document Management <ul><li>Eliminate paper files </li></ul><ul><li>All data secured and stored at an off-site secured facility </li></ul><ul><li>Web based, user friendly, quick searches </li></ul><ul><li>Cost effective and highly efficient </li></ul><ul><li>Partnership with eBridge Solutions </li></ul>
  13. 13. FAQs
  14. 14. Why outsource? <ul><li>Increases and maximizes billing revenue </li></ul><ul><li>Professional certified coders and billing experts increase both the amount and the timeliness of payment </li></ul><ul><li>Days to collect substantially better than national average </li></ul><ul><li>Practices outsourcing billing and collections do experience a reduction in expenses </li></ul>
  15. 15. Respondents to MGMA survey noted that the use of a billing company achieved the following results: <ul><li>72.7% reported reduction in AR </li></ul><ul><li>72.7% reported improvement in collection rate </li></ul><ul><li>59.1% reported a decrease in lost or denied claims </li></ul><ul><li>45.5% reported an increase in staff productivity </li></ul><ul><li>Reported a better understanding of practice financial and physicians performance </li></ul>Source: Medical Group Management Assoc. July 2008 Study
  16. 16. Why should I choose MGSI as my billing and collection company? <ul><ul><li>Over 1 billion dollars collected </li></ul></ul><ul><ul><li>A/R collection cycle substantially better than the national average </li></ul></ul><ul><ul><li>Multi-specialty experience </li></ul></ul><ul><ul><li>HIPAA Compliant </li></ul></ul><ul><ul><li>Certified Coders </li></ul></ul><ul><ul><li>Experienced Staff that is continuously educated on latest reimbursement changes </li></ul></ul><ul><ul><li>Nationwide Coverage </li></ul></ul>
  17. 17. What are the other benefits? <ul><li>We remove the burden of the billing departments turnover, training, continuing education, supervision and fluctuations in the volume of work </li></ul><ul><li>Removes the practice from the Information Technology chase as MGSI provides the practice with the latest Practice Management Systems </li></ul><ul><li>Frees up Administrative Staff time allowing the practice to run even more efficiently </li></ul><ul><li>Daily off-site secure data backup </li></ul>
  18. 18. I have a system. Why change? <ul><li>We offer a free initial practice analysis to determine the best solution </li></ul><ul><li>We include the latest technology when you utilize our RCM services </li></ul><ul><li>Omit the costs for software upgrades and maintenance (often $10K or more) </li></ul>
  19. 19. Is my data secure? <ul><li>Access is secured using proven cryptographic methods </li></ul><ul><li>Our servers are located in two Tier IV data centers </li></ul><ul><li>Daily and hourly backups are encrypted and stored off-site </li></ul>This Applies Only To Medtopia ® Manager
  20. 20. How is your customer support? <ul><li>Excellent customer support </li></ul><ul><li>Hours of operation: 8am to 5pm central time </li></ul><ul><li>No voicemail or call centers </li></ul><ul><li>Friendly experienced support representatives </li></ul><ul><li>Your issues are addressed immediately </li></ul>This Applies Only To Medtopia ® Manager
  21. 21. RCM Case Studies