Warm Market Slides

How Doctors Can GetMore of Their Money,

Faster

Doctors Have Doctors Have a Big Problema Big Problem

Only have two

sources of income: Insurance

Patients

And Both Are Usually Slow to Pay…If They Ever Pay at All!

Innovative ServicesInnovative Services

Patient Payment Plan

Web-Based Claims Filing

Profit Recovery Services

Patient Well-Care Program

Doctors Make MoneyDoctors Make MoneySeeing PatientsSeeing Patients

“Some doctors spend more time filling out forms than taking care of patients.”

Dr. C. Everett Koop Former Surgeon General

Problems with Problems with Typical Claims FilingTypical Claims Filing

1. SLOWTurn-around up to 58 days

2. High Rejection RateNational Rejection Rate is 34%

3. High CostNational Average of $12 per claim*

* American Medical Association Survey

The Outsourced SolutionThe Outsourced Solution

Reduced Rejection Rate• Less than 2%

Lower Billing Costs• Save up to 50% by outsourcing

Faster Payment of Claims•Average of 14 days

You Have Two OptionsYou Have Two Options

1. Invest thousands of dollars in hardware, software, training and support

OR

2. OUTSOURCE IT!OUTSOURCE IT!

Problems with Filing ClaimsProblems with Filing ClaimsIn-HouseIn-House

•Initial Costs are expensive•Computer Setup is Complex•Staff Learning-curve is high•On-going Costs• New Staff Training• Constant Updates to Software• On-going Support

Outsourced Claims Outsourced Claims FilingFiling

How it Works – Step How it Works – Step OneOne

Patient and Claims data is faxed into our HIPAA-Compliant online system

Step TwoStep Two

Claims are submitted within 24 hours

Medicare/Medicaid

Insurance Companies

Step ThreeStep Three Payments from insurance companies are

sent directly to the doctor

Final StepFinal Step You verify claims status in our web-based

system and we invoice you for claims filed

Collecting from Patients Collecting from Patients Can be a Nightmare Can be a Nightmare

The average healthcare provider only collects 49% of what patients owe

Even the patients that do pay are EXTREMELY SLOW!

How Do YOU Deal How Do YOU Deal With Slow-Pays?With Slow-Pays?

Collection Agency? Up to 50% of whatever they collect May damage patient/doctor rapport

In-house Financing? You become a banker! Payments trickle in over 60-120 days

Write it off? How much are you losing each year?

Automatic MoneyAutomatic Money

You can have all the money that is owed by your patients

deposited into your bank account

on the same day every month

Without having to send a single invoice.

Patient Payment PlanPatient Payment Plan

Benefits to you… The ability to to extend credit with

assurance of payment Filters out bad credit risks Staff can concentrate on patient care Increases your cash-flow

Process used by…– Insurance Companies– Health Clubs– Mortgage Companies, etc.

Quotes From Dr. Becker’s LetterQuotes From Dr. Becker’s Letter




Patient Well Care Program

We Can Help The Doctor We Can Help The Doctor See More PatientsSee More Patients

Automated Cards and letters can be sent out to remind patients of:

Appointments Physicals Mammograms Check ups Other Well Care Programs

We Do It AllWe Do It All

Full-color greeting and postcards Printed, addressed and mailed to patients

automatically each month

Pre-designed campaigns that you can alter any way you wish

Doctor’s signature printed in blue ink on each card

All for less than what you would pay for just a card




Profit Recovery Services

Patient Well Care Program

We Can Recover YourWe Can Recover YourLost ProfitsLost Profits

We are NOT a collection agency

We use technology to collect your past due accounts

Collection rate averages 41% of money owed, even after 120 days

Fee as low as 5% of collected amounts

How Do We Do It?How Do We Do It?

Series of letters mailed from you, on your letterhead, suggesting

Credit Bureau Reporting Collection Agency intervention Intensive Attorney intervention

All payments sent directly to you

Collection fees only on money collected

How Can We Help You?How Can We Help You?It Starts With A

Free Practice Analysis

Warm Market Slides

Health & Medicine

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