Fortis Medical Billing: Your End-to-End Physician Billing Company
When you start your practice as a physician, getting paid is exciting. It means you’re doing it—you’re building an independent practice focused on what you love to do. But, as time goes on, billing becomes a headache—and for many physicians and physician groups, it becomes a nightmare. Dealing with denials and overdue accounts receivable becomes the norm, and you find yourself spending more time chasing reimbursements than you do taking care of your patients.
Our physician billing company can help you get back to doing what you love most.
At Fortis, we offer end-to-end medical billing solutions that are designed specifically to help physicians and other practitioners avoid everything they hate most about managing their practices. From credentialing and contracting through challenging payment denials and pursuing collections when necessary, we take all of the complicated and frustrating aspects of medical billing off of our client’s administrative burden.
In doing so, we rely on state-of-the-art technology and centuries of relevant experience, and we focus on reducing our client’s billing-related expenses so that they can achieve maximum return on investment (ROI).
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Know the Numbers from Fortis Medical Billing
Why should you choose Fortis for your medical billing needs as a physician? Simply put, the numbers speak for themselves. Here are just some of the reasons why healthcare providers and physician groups across the country rely on our medical billing company to help them with their medical coding and billing processes and get paid accurately on time, every time:
Ten Medical Billing Consultants with Centuries of Combined Experience of Physician Billing Services
We are a team of 10 medical billing consultants who offer centuries of combined experience in the medical billing and healthcare compliance fields. Our team includes several former agents with the U.S. Department of Health and Human Services Office of Inspector General (DHHS OIG) and other federal agencies who each spent decades investigating and prosecuting billing fraud and other healthcare-related offenses.
As a result, we know medical billing inside and out, and we know what it takes for a safe revenue cycle management and an effective billing program that maximizes profitability.
More than 98% of Claims Paid in 90 Days or Less
On average, physicians and physician groups that use our medical billing solution collect more than 98% of their claims in 90 days or less. As you may well know, it is not uncommon for claims to sit unpaid for much longer. Outstanding accounts receivable (AR) negatively impact cash flow, and this can create unnecessary financial strain that can—and should—be avoided.
We Reduce Our Clients Average Number of Days to Payment By 33 %
In addition to helping physicians and physician groups collect more than 98 percent of their claims within 90 days or less, we also help our clients reduce their average number of days to payment by 33 percent. This further improves their cash flow, which reduces financial risk and opens up greater opportunities for reinvesting in the success of your practice management system.
85% of Our Clients Claim Denials Get Overturned
Physicians and physician groups that rely on Fortiss medical billing solutions have an average of 85 percent of their claim denials overturned. This is a staggering number that highlights the fundamental flaws in the modern medical billing system. As a physician, you deserve to get paid for the services you provide, but all types of payors are too happy to deny your claims and make you chase payment in order to earn a living.
15% Increase in Net Patient Revenue
Physicians, physician groups, and other providers that use our medical billing software see an average increase in net patient revenue of 15 percent. This, too, is a staggering figure. If we can help increase your practice revenue simply by improving its billing operations, then engaging us to assist you is a no-brainer.
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How We Help Physicians and Physician Groups Reduce Billing Risk and Increase Revenue
We offer several solutions to help our clients manage their billings safely and more effectively. Our medical billing solutions for physicians and physician groups include:
State-of-the-Art Medical Billing Platform
We leverage a state-of-the-art software platform to provide billing management and coding services that ensure timely and accurate billing while also allowing our clients to track and monitor their reimbursement requests from end to end. Our software platform offers a variety of other capabilities as well, and it can replace your practice’s existing platform so that your team and ours have access to all billing data 24/7.
Combined with our managed billing solutions, this platform offers everything physicians and physician groups need to bill confidently, reduce their billing-related expenses, and improve their cash flow:
- Automation and the Efficiency of AI – Our medical billing platform offers automation and artificial intelligence (AI) capabilities that streamline and take the guesswork out of medical billing.
- Fully Customizable Tools and Interface – Our experts can assist with customizing our medical billing platform to suit your practice’s specific needs.
- Cloud Storage for Your Practices Billing Data – With our medical billing platform, your medical practices’ data are stored in the cloud. This means that there is virtually no risk of loss, and you can access your data around the clock, at the office, or at home.
- Mobile Integration – In addition to utilizing cloud data storage, our medical billing platform is fully integrated with all mobile devices—so you and your team can keep using your existing hardware on the go.
- Enhanced Data Security – We understand the importance of protecting your practice’s billing data. Our medical billing platform has enhanced data security so that you can feel confident that your practice’s data are secure.
Our pre-bill services include credentialing and contracting, eligibility verification, benchmarking, and compliance program assessment and development. Our medical billing experts ensure that your practice is prepared to bill, track its reimbursement requests, and measure the effectiveness of our medical billing service from day one.
Billing and Coding
With our billing and coding solutions, you never have to worry about human error leading to payment delays or denials (or worse). Our automated and AI-driven solutions make coding easy, and they help physicians, and other practitioners avoid common mistakes like billing for the wrong consultation duration and billing for services that are not eligible for reimbursement from a particular payor.
Posting and AR Management
Our medical billing services help physicians and physician groups more effectively manage their AR by immediate claims and payment posting. This allows us to keep track of reimbursements that are languishing and approaching 90 days from billing, and it allows us to address these issues before they negatively impact our clients’ cash flow.
Claim Tracking and Denial Response
With end-to-end claim tracking, we are also able to respond to reimbursement denials quickly. When a payor denies reimbursement, understanding why—and working quickly to address the payor’s claimed justification—is the best way to overcome the denial and close the AR.
Along with denial response, we also help physicians and physician groups manage collections through other means. We can handle appeals and insurance recovery on your practice’s behalf, and we can fully manage your practice’s AR so that you consistently have as few claims in collections as possible.
As a provider of the healthcare industry, it is important to have a clear understanding of your practice’s billing compliance responsibilities and the efficacy of your practice’s billing policies and systems. This is true even when you outsource billing management and compliance.
Our expert consultants can explain everything you need to know, and if you choose not to use our managed billing solutions, we can assist you with managing your practice’s billings in-house on an ongoing basis.
Conducting periodic medical billing and coding audits is essential for managing (and demonstrating) compliance, as well as making sure that your practice’s billing program is continuing to function as it should. We have extensive experience conducting billing audits for physicians and physician groups, and, as former federal agents, many of our consultants have also participated in thousands of audits from the compliance perspective.
Managed Billing Solutions
With our managed billing solutions, we take care of 100 percent of your practice’s billing needs while you focus 100 percent of your time and energy on treating your patients. Our team will fully manage your practice billing program off-site, and you will maintain complete access 24/7 through our medical billing platform.
Our managed billing solutions are ideal for physicians who are interested in outsourcing their billing needs and who want to feel confident that there is no need to be constantly looking over their third-party billing administrators’ shoulders. As a result, physicians can focus more on their practice–patient care.
Schedule a Complimentary Consultation at Fortis to Learn More
If you would like to know more about our medical billing services for physicians and physician groups, we invite you to get in touch. To speak with a senior consultant at Fortis about what we can do to help, please call 866-808-4160 or request a complimentary consultation online today.