Benefits

Using Medical Billing and Collection creates many operational benefits for the Medical practice with the main ones outlined below:

  • Virtually no debt
    We have an efficient process in place for chasing unpaid invoices, following up on shortfalls and problems with claims which results in vastly improved cash flow and also leads to greatly reduced bad debts to an average of less than 0.5%.

  • Maximise billing revenue
    We will maximise your billing revenue which can lead to an increase in your net income by up to 25%. This is achieved by ensuring that your clinic/theatre data is billed in the correct way taking into account the nuances of each insurance company.

  • Peace of mind
    Where appropriate we will liaise with the Insurers to obtain the appropriate contribution for complex procedures in a pre and post op situation.

  • Strengthen Practice and patient relationships
    The relationship between the Practice and the patient is kept purely at the medical level which ensures that the relationship is not tainted in any way regarding the commercial aspects of the practice.

  • Tailored service to match your needs
    When a consultant decides to join us we place them in "Intensive Care", this is the induction phase where we get to understand the particular way that practice works so that we can tailor our service to the exact needs of the practice.

  • Personal account manager

    We allocate each consultant an Account Manager who is then responsible for all aspects of that practice which means that they get to know the practice ensuring both continuity and good communication between us and the practice.

  • Immediate invoicing

    Our expertise in ensuring that all the relevant information is present and correct when raising the invoice means there are no delays in the acceptance of the invoice.

  • Hassle-free billing
    We always aim to bill the same day that we receive the clinic/theatre date which means that there are no delays in the billing which in turn means that we can chase the money in a timely manner.

  • Reconciled payments
    Once we receive the money from the Insurer or self payer payments are accurately reconciled before sending the money direct to the practice or the consultant's bank account.

  • PRM module
    Our Practice Management module allows you to have online access to a wide range of financial and management data relating to the practice. This includes aged debt information, Bank reconciliation information, billing and payment analysis, patient activity data, Referral analysis, location analysis, Insurance and fee analysis.

  • Weekly updates to your phone
    Some reports can be set up to be sent directly to your phone either by SMS and or e-mail on a weekly basis.

  • Dedicated billing service
    Another advantage of using our dedicated billing service is that any disruption in a consultants practice such as secretarial absence for sickness or holiday, does not affect the all important billing and payment collection, and therefore continuity in that vital area is assured.

  • Cost effective
    Our fees are only charged on what we collect and are more than offset by maximising the billing revenue, greatly improved cash flow with vastly reduced bad debts; this coupled with the fact that our fees are tax deductible means that we offer an extremely cost effective service.