Posted by Carl Mays on Fri, Jun 12, 2009 @ 07:11 PM
A recent Medical Group Management Association survey showed that medical practices utilizing medical billing companies typical see improved performance across multiple dimensions. The survey focused on practices that used medical billing companies instead of in-house billing solutions. The survey found that for practices switching from in-house billing to a medical billing company:
- 73 percent saw a reduction in their AR;
- 73 percent realized higher collections;
- 59 percent decreased the volume of lost/denied claims;
- 59 percent enjoyed significantly better reporting and practice performance insights; and
- 46 percent achieved higher staff productivity.
The breadth of the performance improvements uncovered by the MGMA survey (with three quarters of all practices seeing significant performance improvements) adds fact-based credibility to the notion that a well selected and qualified medical billing company provides significant performance improvement for medical practices. The results of the survey were no surprise to ClaimCare. Our average clients enjoys a 15 to 25 percent increase in collections and see their days in AR drop below 35.
A copy of the survey is available from the MGMA's website.
About ClaimCare Inc
ClaimCare Medical Billing Services stands out from the crowd of medical billing companies. ClaimCare offers a complete medical billing solution, has the only service level guarantee in the industry, offers best-of-breed technology, an air tight medical billing process, actionable reporting and broad experience. For more information contact ClaimCare Medical Billing Services by email at sales@claimcare.net , by phone at (877) 440-3044 or visit the ClaimCare Medical Billing Company website. ###
Posted by Carl Mays on Tue, Dec 16, 2008 @ 01:18 PM
ClaimCare Medical Billing Services, a national provider of outsourced billing and revenue cycle management to medical practices and facilities nationwide, is pleased to announce an expansion of the Instant Payment Program for selected physicians and facilities nationwide.
ClaimCare Medical Billing Services offers the only instant medical billing payment option to physician practices nationwide. This novel program eliminates the time lag between charge generation and insurance payments. Currently, the Medical Group Management Association (MGMA) reports the average days in AR for most practices nationwide at over 61 days.
Simply put, with ClaimCare Medical Billing Services, the practice is paid each and every day or week for medical services rendered and is freed from all of the hassles of billing insurance companies and patients. This service is a standard part of the billing service offered by the ClaimCare medical billing company.
"What could you do if you could collect most of your charges the same day you see the patient?" said Carl Mays, ClaimCare Medical Billing Services' CEO.
"Our singular focus on medical billing coupled with unique financial solutions, national experience and long operational history makes us ideally positioned to support physicians and facilities nationwide" says Carl. "We look forward to supporting each practice's specific goals through customized technology and management services".
About ClaimCare Inc
ClaimCare Medical Billing Services stands out from the crowd of medical billing companies. ClaimCare offers a complete medical billing solution, has the only service level guarantee in the industry, offers best-of-breed technology, an air tight medical billing process, actionable reporting and broad experience. For more information contact ClaimCare Medical Billing Services by email at sales@claimcare.net , by phone at (877) 440-3044 or visit the ClaimCare Medical Billing Company website. ###
Posted by Carl Mays on Tue, Sep 16, 2008 @ 03:15 PM
ClaimCare Medical Billing Services is proud to announce that it has launched its best of the web resource. This resource is the first place to stop if you are looking for the best medical billing resources on the web.
The Medical Billing Best of the Web (BotW) resource is more than just a compilation of great online medical billing resources. It actually allows users to vote a resource up or down. This leads to user generated ranking of the resources so that all users can benefit from the experience of medical billing experts from around the country.
The Medical Billing BotW is free. Users may add resources/links to the site and, of course, look through the rankings to find the most useful medical billing resources on the web. Click the Medical Billing BotW link to visit the site.
About ClaimCare Inc
ClaimCare Medical Billing Services stands out from the crowd of medical billing companies. ClaimCare offers a complete medical billing solution, has the only service level guarantee in the industry, offers best-of-breed technology, an air tight medical billing process, actionable reporting and broad experience. For more information contact ClaimCare Medical Billing Services by email at sales@claimcare.net , by phone at (877) 440-3044 or visit the ClaimCare Medical Billing Company website. ###