HOSPITAL OUTSOURCING OF PHYSICIAN BILLING

According to the MGMA, physician billing consumes up to 9% of net revenue. By outsourcing all or part of physician billing to MedOptima, medical practices can generate higher revenue and save as much as 30% on billing costs.

Physician billing is different from hospital billing, with coding and billing nuances that vary by medical specialty. Hiring, training, and retaining qualified billing staff is costly as is securing and maintaining necessary billing and financial software.

Which begs the question, "Do you really want to be in the physician billing business?" If the answer is "no" or "I'm not sure," it's time to explore your options. There are advantages to outsourcing all or part of your physician billing to MedOptima. Take a look:

• You get experts in physician revenue cycle management; medical practice billing, coding, and collections are all we do.
• You save money. We charge a small percentage of collections. There are no salary, benefits, training, or information technology-related expenses.

• You plug revenue leaks. MedOptima clients typically increase medical practice revenue on the same patient volume due to our expertise and efficiency.
• You get your money quicker. We are accurate (99% first pass clean claims) so there's little need for re-filing.
• You get more data. We employ the latest financial and data mining software to identify revenue opportunities, threats, and trends. Our software also supports clinical quality initiatives.
• You get a motivated partner. We are so confident in our results that we put performance assurances into our contract.

Learn More about Outsourcing (PDF)

Explore Your Outsourcing Options with MedOptima. Let's talk.