Most medical practices don’t know how much money they have collected in 90 days after a claim is filed. Our assessment gives you the % you are collecting within 90 days of a filed claim as well as the % of dollars owed greater than 90 days old, money collected YTD and write offs YTD, We also include a breakdown of the total costs you pay for your medical billing services (in-house or third party). After identifying your billing percentages, we provide you with a concrete plan for fixing the deficiencies that are negatively impacting your cashflow
With an assessment you can uncover:
Using the data Revenetix can develop a strategy to improve your cashflow.
The Medical Group Management Association (MGMA) will begin releasing their 2017 surveys beginning in January. The MGMA Cost and Revenue Survey collects data on medical practice revenue, expenses, production, staffing ratios, payer mix and accounts receivable. Certain specialties may have additional specialty-specific data. Participation Dates: Feb. 27, 2017 – April 7, 2017 >View other survey […]
October 14, 2016 Excerpt from HHS.gov Press Release: Today, the Department of Health & Human Services (HHS) finalized a landmark new payment system for Medicare clinicians that will continue the Administration’s progress in reforming how the health care system pays for care. The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) Quality Payment Program, which replaces the […]