Billing Dynamix Improves Rehab Practice Profitability and Productivity - "The average rehab and physical therapy practice earnings dropped seventeen percent over the past five years but insurance companies beat inflation several times during the same time period," says Gerilyn M. Gault, Physical Therapist and Co-Owner of G&E Therapies, who is tired of hearing horror stories about underpaid or delayed claims and frustrated practice owners who waste time fighting payers instead of treating patients. "Continuous corporate consolidation has given the payers the resources and the opportunities to stack the cards against physical therapists and rehab care providers."
Lirov's new book, Practicing Profitability, helps owners of healthcare offices understand the rules of the modern "payer-provider conflict" so that they can improve billing and reduce audit risk. It's the first book to systematically approach medical billing from the payer-provider conflict perspective and to apply the "network effect." Practicing Profitability touches on every aspect of modern medical or chiropractic office management software--including workflow, reporting, outsourcing, scheduling, EMR, SOAP notes, care plans, coding, billing, collections, HIPAA compliance, and audit risk management.
Axis Billing and Collections, LLC ("Axis"), the leading provider of billing services to New Jersey chiropractors announced today that it will no longer be providing billing services to any of its clients as of October 15, 2007. Axis recommends all of its valued clients to engage Billing Precision, LLC ("Billing Precision"), as an alternate trusted provider of billing services. Billing Precision is the leading provider of chiropractic practice management solutions and billing.
"Missed appointments are the first signs of eroding patient loyalty and potential patient relationship management problems," says Dr. Lagana, Director of BackSmart Wellness Center in New Jersey. Appointment reminders or confirmation calls for upcoming appointments and follow up calls (recalls) on recent no-shows reduce numbers of no-shows more effectively than any other strategy. Billing Precision's integrated automated solution protects billing revenue in a disciplined fashion and at significantly lower cost.
Billing Precision will host a webinar on Computer-Aided Intelligent Coding on April 9, 2007. Computer-Aided Intelligent Coding technology helps chiropractors improve practice profitability and reduce audit risk.
East Windsor, NJ, United States, 03/25/2007 - Billing Depot has recovered over $32.000 on a single but repeated Aetna's underpayment error, going back as far as 2003," says Elliot Smith, Practice Administrator of Heart Specialists of Central Jersey, LLP.
Billing Precision, the leading provider of chiropractic practice management solutions, has released Component Driven SOAP notes to help chiropractors improve patient care, increase practice profitability, and reduce audit risk.
Billing Precision, the leading provider of chiropractic clinic management solutions, has implemented bar
code and touch-screen technology to help chiropractors increase practice profitability and reduce audit risk.
Billing Precision, the leading provider of chiropractic practice management solutions, has released Video
Practice Management Training Library to help chiropractors improve patient care, increase practice
profitability, and reduce audit risk.
Billing Precision, the leading provider of chiropractic practice management solutions, has
integrated Point Of Service sales accounting with practice management technology to help chiropractors
increase revenues and practice profitability.
In its January 2007 issue, Today's Chiropractic examines an unprecedented growth of post-payment audits
by insurance companies. To manage audit risk, providers need a system, modeled on the insurers' own,
which analyzes massive claims data.
North Haledon, NJ (PRWeb) January 16, 2007 -- Colxit Corporation (d/b/a ColxitMD), today announced an
expansion into the New York, New Jersey and Connecticut markets with the recent acquisition of MORE Medical
Billing Services, Inc. (MORE). ColxitMD is an innovative provider of web-based financial and
administrative healthcare solutions for physicians. MORE is a well-established medical billing and
collection company serving a wide range of individual
and group physician practices in the tri-state area for over fifteen years.
Dumont, New Jersey (PRWEB) August 28, 2006 – Dr. Ben Lerner, founder of Teach The World About Chiropractic and author of “One Minute Wellness,” discovered a convenient way to educate thousands of chiropractors about coding compliance and audit risk reduction. “Compliance maintenance requires special skills and military discipline,” says Dr. Lerner, “Webinars are especially useful for audit risk management instruction because they deliver urgently needed education but require minimal investment in terms of time and cost.”
Dr. Ben Lerner, founder of Teach The World About Chiropractic and author of “One
Minute Wellness,” has heard horror stories about increasing frequency of
post-payment insurance audits and mounting severity of penalties, ranging from
license suspension to heavy monetary fines to imprisonment.
“Billing complexity has reached
impossible dimensions and compliance maintenance
requires special skills and military discipline.”
Boris Petrikovsky, MD, PhD, complains about
the limited choice between "full-scope
but mediocre products on one hand and excellent
but single-function stand-alone systems on
the other hand. An integrated best-of-breed
product helps patient care and clinical error
reduction, financial performance, and regulatory
compliance," says Dr. Petrikovsky, Chairman
of Obstetrics/Gynecology Department at Nassau
University Medical Center, Professor of Obstetrics,
Gynecology, and Reproductive Sciences at Stony
Brook University School of Medicine, and a
recipient of numerous international awards
and honors for his research work.
Dr. Zelik Frischer has recently discovered
a treasure trove of free information about
medical billing at Billing
Wiki Dr. Frischer, a Clinical
Professor at Stony Brook University and three
times named in New York Magazine's survey
of the best doctors in the Metropolitan Area
recognizes the growing complexity of medical
billing as an increasingly formidable challenge
to managing a successful practice. Billing
Wiki offers fresh perspectives on the complex
and murky medical billing industry.
Billing Wiki follows the Wikipedia example
and welcomes articles, edits, links, and comments
by physicians, billers, and practice administrators.
St. Francis Medical Center is
a busy acute care teaching hospital
which consistently been recognized
as top ranking for the outcome of
cardiac surgery procedures and for
the lowest mortality in the state. Dr.
Glenn Laub, who is the Chairman of
the Cardiothoracic Surgery Department
at St. Francis, recently saw a 19%
increase in his department’s
monthly collections. His department
was able to achieve this with the
help of Affinity Billing, a third-party
billing service which consolidates
billing services, tracks payer performance
from a single point of control, shares
compliance rules and much more. For
tips on how to improve the efficiency
of your department’s medical
billing, download
here(the
pdf size is 2 Mb, so it make a take
a minute).
Jeffrey B. Randolph, Esq., has saved many
practices from bankruptcy upon post-payment
audit of their claims and billing procedures.
“While standard insurance policies protect
the doctor from most business risks, nobody
offers protection against potentially enormous
penalties in case of billing audit,”
says Mr. Randolph, a partner at Labady and
Randolph and legal counsel to the Association
of New Jersey Chiropractors. Billing
Precision utilizes specialized software
to encode and leverage Mr. Randolph’s
unique expertise.
Dr. Gamil Makar, Family Medicine, St. Joseph’s
Health System in New Jersey, has seen his
appointment frequency grow by 24% since engaging Affinity
Billing. Integrated practice workflow
ties together patient scheduling, SOAP notes,
and revenue cycle management.
Dr. Glenn W. Laub, the founder and Chairman
of the Cardiothoracic Surgery Department at
St. Francis Medical Center in New Jersey,
has seen his department’s monthly collections
increase by 19% since engaging Affinity
Billing. “They are specialists,”
he says, “Affinity Billing understands
the world of medical billing and every step
of their process is optimized. They’ve
added real value to our practice. Today, our
assistants spend less time on overhead and
more time with patients.”
Dr. Greg Loman, Director Of Trinity Chiropractic
in Naples, Florida, founder of Teach The World
About Chiropractic, and author of “One
Minute Wellness,” has seen improved
collections because of highly skillful claims
processing by Billing
Precision. “In two months
we caught up with my backlog and my 120-day
Accounts Receivable shrank to 4.4%. This translates
to almost 20% in added revenue,” says
Dr. Loman, who built his practice to 150,000
patient visits a year.
Dr. Zelik Frischer, Clinical Professor of
Urology at Stony Brook University and three-times
named in New York Magazine survey of best
doctors in the Metropolitan Area, says “Billing
Depot uniquely addresses all billing aspects
and helps the physician spend more time with
patients, reduce management overhead, and
grow profitability.” “Medical
practice billing must manage three risks,
i.e., process, people, and technology,”
explains Dr. Yuval Lirov, inventor of several
patents in artificial intelligence and computer
security and author of “Mission Critical
Systems Management”.
Physicians using Billing Depot service experience
93% of insurance claims paid within 60 days,
with only 4% of Accounts Receivable (A/R)
beyond 120 days. These figures represent a
four-fold improvement over the national median
of 17.7% of A/R over 120 days, as reported
by Medical Group Management Association (MGMA). Billing
Depot has achieved these results with
a uniquely transparent service that provides
physicians 24x7 access to real-time claim
status over a HIPAA-compliant Internet connection.
