The choice may not always be obvious, and there are many questions you may need to ask yourself:
Looking at a combination of people, technology, process and profit will be the key factors in deciding whether or not it's time to switch things up.
When you sign up for medical billing services through Physicians Advantage, you can expect that your account will be handled by billing professionals that understand Pediatrics. One of our top priorities is recruiting and retaining world-class employees with knowledge of your specialty who have the expertise required to take your collections to the next level.
Our clients are not expected to lease or maintain costly hardware and software systems in their office. In fact, we believe the exact opposite! We'll provide you with the best web-based billing software in the marketplace that you and your staff can access from any computer, anywhere at anytime. Better yet, we'll also migrate your current patient demographics data over to your new system and train your staff on-site or via remote support.
How do you determine the effectiveness of your current billing process? Do you look at performance reports like net collections rate or days in revenue outstanding? Whether you are managing your billing in-house or outsourcing to a third party, you should be able to view the most critical financial information needed to assess the performance of your billing process. We encourage you to take advantage of our system's standard reporting capabilities to monitor your receivables and track our progress over time.
Unlike other billing services, we guarantee our collections rate will meet or exceed your current collections rate. Our approach focuses on identifying shortcomings and bottlenecks in your current workflow in order to make strategic recommendations for improving your billing process. We constantly strive to minimize your percentage of denied claims and increase both your insurance and patient collections through front-end and back-end optimizations. As a trusted partner to physician offices, it is our responsibility to work with your staff to achieve shared success in maintaining a high collections rate.
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