BROCHURE: MD Technologies, Inc.: Your Medical Billing Outsourcing Partner
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Transcript of BROCHURE: MD Technologies, Inc.: Your Medical Billing Outsourcing Partner
With all of the challenges facing
physicians these days, patient care still
remains the top priority. As your one-
stop shop for specialized technology
and RCM services, MD Technologies
Inc. enables you to focus on providing
excellent patient care.
MD Technologies’ services include
establishing fee structures,
implementing customized billing
protocols and providing coding
assistance, just to name a few. Plus,
we offer the technical expertise and
business insight to assist in managing
your practice and planning for future
growth.
For further information on how
MD Technologies Inc. can help you
do what you do best, contact us at
1-800-290-1657 or visit us online at
www.mdtechnologies.com.
Billing and CollectionsGet What You Deserve Sooner
Did you know that, on average, medical
practices are underpaid approximately 14% to
23% of their gross revenues? That translates
into $30,000 to $50,000 per physician
annually. Don’t let this happen to you.
MD Technologies’ expertise in providing
medical billing services, certified coding and
our in-depth knowledge of the associated
rules and processes enhances our ability to
maximize your reimbursement.
We file claims electronically resulting in a faster
turnaround time, which means you get paid
for your hard work sooner and at the highest
rate allowable. Plus our overall average days
to collect rate is significantly lower than the
national average, thereby improving your profit
margin and cash flow.
In addition, MD Technologies’ experienced staff
can handle reimbursement issues with all major
insurers including Medicaid, Medicare, Tricare,
Managed Care, Worker’s Compensation,
automotive insurance and others.
HealthcareTechnologyandServiceSolutions
RCM ServicesBenefits and Services
• 80%-85% claims collected in first sixty days• Low average days to collect• Proprietary claims scrubbing before
submission of claims• Authorization and eligibility tracking• In-depth knowledge of rules and processes• Electronic claim transmission and receipts• Management reporting• Procedure/diagnosis analysis by certified
coders• File management and maintenance• Fraud and abuse tracking• Certified coders and error tracking• Compliance checking• Online automated appeals process• Tracking, monitoring and follow-up• Offsite secure data backup• Secure transmission/transaction• Accounts receivable recovery• Patient scheduling and management
Medtopia® Manager• Web based ASP Practice Management
Software• 24 hour access• User friendly• In-House billing solutions• Excellent customer support• Low monthly subscription fee• No capital expenditure
Accounts Receivable RecoveryFree up your Staff and Unlock Cash
Often, a practice’s billing staff is continually processing new claims while not having time to properly collect on older accounts. Our well-trained, experienced team members perform this service for you, timely, efficiently and accurately.
First we review your claims adjustment policy, identifying which claims need to be written off.
Then our experienced analysts identify claims that are uncollectible or instances where the carrier has underpaid. Plus, by utilizing electronic filing, we are able to file claims accurately on a daily basis, dramatically reducing turnaround time on collection. In some instances, we even purchase your aged receivables.
Our team provides the expertise and proper resources necessary to perform a comprehensive collection effort allowing you to focus on your profession.
Financial Services Accelerate Cash Flow
MD Technologies’ family of financial programs and systems offers a high and efficient use of technology to maximize your practice’s cash flow and profitability.
Accounts Receivable FinancingThis innovative and beneficial program provides for a non-recourse cash advance of up to 80% of your eligible accounts receivable. Rates are based on the prime lending rate.
Special Purpose LeasesSpecialized financing is available for acquisition of equipment used in your practice.
Cash ManagementSpecially designed cash management programs are available that automatically cover temporary shortfalls and use excess funds to either pay down lines of credit or invest in short term money market vehicles. This program not only maximizes profit by increasing interest income and reducing interest expense, but also gives the physician peace of mind by eliminating the worry of cash flow fluctuations.
HealthcareTechnologyandServiceSolutions