MedOptima specializes in maximizing the operational efficiency and profitability of medical practices. We offer a complete package of cost-effective services based on industry-leading best practices, which are designed to transform physician groups with suboptimal business performance into "better performers" as identified by the Medical Group Management Association (MGMA). MGMA data has demonstrated that better performer medical practices have markedly higher profitability than their counterparts—29 percent better.
MedOptima dramatically improves the profitability of our clients. On average, our clients experience a 10 percent increase in revenue after one year for a similar or lower cost than their previous billing company or internal billing operation.* This is accomplished through a unique portfolio of expertise, sophisticated software, world-class business tools, and turnkey solutions that:
| MGMA Median* | MGMA Better Performer* | MedOptima Client Median (non-ER) | |
| Days in Accounts Receivable | 43.9 days | 33.3 days | 34.3 days |
| MGMA Mean* | MGMA Better Performer Mean* | MedOptima Client Mean (non-ER) |
|
| Net Collection Percentage | 96.7% | 100% | 100% |
| Industry Mean | MedOptima Client Mean (All Clients) |
||
| First Pass Clean Claims | 90 - 92% | 98.4% |
* MGMA 2008 data for multi-specialty including primary and specialty care, not hospital owned.
Profit optimization requires that medical practices control costs, improve billing and collections, and develop new profit centers. Only MedOptima is able to provide independent and hospital-owned medical practices with a complete, proven package of services to address these issues.
MedOptima is the ideal strategic business partner for physicians and hospitals that want to elevate the performance of their medical practices through the use of best business practices.
Using our proven approach to appropriately maximize revenue and profitability, the MedOptima team is optimizing the performance of medical practices in these specialties: