Our Straight Through Billing
starts with patient appointment scheduling and includes
SOAP notes, superbill, submission of primary and secondary
claims, electronic fund transfer (EFT), payment posting,
and reconciliation of appointments, charges, payments,
EOB’s, and messages.
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.
East Windsor, NJ (PRWEB) February 3, 2005 -- 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.
“Most claim denials and associated
follow up costs and delays are caused by
billing errors,” explains Pat Freeze,
President of Billing
Depot. “By providing billing transparency,
we keep the healthcare provider ‘in
the loop’ during all phases of the
billing process; allowing the provider,
the billing service and the payer to resolve
problems together as soon as they are detected.” Continuous
availability of the big billing picture
and all of its components make the entire
process transparent to the provider. The
provider receives real-time updates about
changes in A/R and cash flow, new claim
submissions, error detections, follow up
actions, and posted payments. A special
notification and tracking mechanism prevents
neglect and facilitates timely problem
resolution.
Dr. Michael Lewko, Chief Medical Officer,
Care Management at St. Joseph’s Hospital
in New Jersey, and America’s Top
Physician 2003 by Consumer's Research Council
of America, agrees, “Since I have
outsourced my billing to Billing
Depot, my revenue from collections has
been steadily improving. Most importantly,
I now have more time for my patients.” Dr.
Lewko concludes, “Billing
Depot allows me to keep both my finger
on the financial pulse of my practice and
my eye on the billing service provider.
Billing transparency is key to holding
the billing service accountable for every
claim 24x7.”
About Billing
Depot
Billing Depot, Inc. provides comprehensive
medical billing services to physicians
and represents a significant improvement
over traditional in-house or outsourced
billing solutions. With headquarters in
East Windsor, New Jersey, Billing Depot
guarantees improved profitability and 100%
transparency throughout the Billing
Process.
Contact Information:
Pat Freeze, President
Billing Depot
(877) 542-4557
“Most claim denials and associated
follow up costs and delays are caused by
billing errors,” explains Pat Freeze,
President of