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Are you in a tight spot? The recent crippling healthcare reforms have blindsided healthcare enterprises across the country. With revenue declining, operating margins tightening and compliance deadlines inching closer, it is now more important than ever for you to have a steady, cash-producing, compliant revenue cycle. And PracticeBridge Inc. will help you achieve just that.
Changes are coming down the pike. Be prepared for them with our 24/7 AdvancedMD revenue management solutions.
Recently, a freestanding multi-specialty medical practice, based in New Jersey, was experiencing severe revenue cycle issues. One of their biggest problems was high days in AR and a fluctuating collection rate. A financial evaluation carried out by PracticeBridge Inc. determined that the in-house medical billers were unable to cope with the massive amount of claims generated. The claim submission process was slow and close to 5 weeks revenue was unbilled. Little or no follow-up was done on submitted claims, which explained the high AR rate.
We categorized pending AR into aging buckets and targeted AR that was above 90 days to work on first. Our AR management and revenue recovery teams followed up with insurers to resolve payer receivable issues. After performing claim edits and resubmitting claims, the practice was able to recover 60% of its backlogged revenue within 3 months.
As we follow a 24/7 workflow we ensured that our client no longer had to struggle with unbilled revenue. After working with us for 3 months the practice was able to...
Our app thebillingbridge has been integrated with AdvancedMD.
Want to see similar results for your healthcare enterprise? Call our AdvancedMD revenue cycle management experts today!
*Disclaimer:PracticeBridge INC is not an authorized AdvancedMD rcm vendor/rcm outsourcing partner or re-seller. We offer third party full service Revenue Cycle Management to Individual Practices, Clinics, Hospitals and ACO Organizations across United States. We have experienced teams to help you with EMR/EHR Implementation for billing,coding and collection functions.
You should hire us to bring a significant change in your cash flow and revenue cycle workflow. Please read on how we will help you grow your revenue
Our billing service will help you to
Transfer claims within 24 Hours
Address Denials within 48 Hours
98% Reimbursement within 21 Days
Reduce AR upto 90% in 90 Days
Remote billing support
Cut costs upto 30% and more
Interested to hire our remote billing specialists, Request a Quote Here
Learn how they tackle my RCM problems and improved my collections.
PracticeBridge Inc. offers revenue cycle management services for hospitals in United States. We understand US medical billing regulations and have the depth of experience required to lighten your workdays and improve bottomline benefits.
Work with PracticeBridge Inc. We are a United States based medical billing company who specialize in offering revenue cycle solutions to independent medical practices.
Tackle your most difficult challenges head on with our advanced medical billing services for group practices. We offer group practice billing services that will accelerate your billing cycle.
Accountable Care Organizations will have to rethink their revenue cycle management strategies. Shorten your revenue cycle and drive up workflow efficiency with our RCM services.