Improving Your Electrophysiology Practice’s Revenue Cycle and Billing with Confidence
Overseeing a successful electrophysiology practice involves numerous distinctive challenges. For many practice administrators and medical professionals specializing in electrophysiology, the managing of private insurance and Medicaid billings resulting in regular cash flow and therefore a lucrative practice is one of these challenges. In particular, many electrophysiology practices find themselves waiting an absurd amount of time for payment when claims are accepted, as well as struggling with an unreasonable amount of claims being denied altogether. Many electrophysiology specialists can find this demoralizing, especially when they consider how much time and energy medical billings demands from their staff. In this situation, it can be difficult to know how to begin solving these problems.
Whether you are starting a new electrophysiology practice or you have been running your practice for many years, there are steps you can – and should be – taking to manage your private insurance and Medicaid billings the correct way. At Fortis Medical Billing, we have the insight, experience, and skill-set you need to successfully manage your billings.
About Fortis Electrophysiology Billing Company
Who would you rather have responsible for your electrophysiology practice? Would you like your practice’s coding duties handed to an entry-level member of staff with minimal work experience in electrophysiology billing? Or, would you rather give these tasks to an experienced team of professionals with years of relevant work experience in the field of medical billing?
At Fortis Electrophysiology Billing Services, we offer the latter. Our medical billing company is composed of physicians, medical specialists, auditors, and registered nurses, as well as former FBI agents who have dedicated their working life to understanding and working effectively with the medical billing industry as well as the multitude of laws, rules, and regulations that apply to it. Take, for example, Dr. Stephen Taylor, a member of the Fortis team. He is both a registered nurse and a physician and has been working in the industry of federal medical billing compliance for over 25 years. Each member of staff at Fortis Medical Billing has extensive knowledge of what you need to keep in mind when making decisions that impact your electrophysiology practice’s financial standing and risk. We take great pride in working as a team to produce effective and custom-designed medical billing solutions to every one of our clients. In particular, we are focused on our clients being paid promptly for their work and ensuring that their time and effort are being used efficiently when it comes to medical billing.
Our Medical Billing Services for Electrophysiology Practices and Practitioners
Managing your electrophysiology practice’s billings takes time, effort, and expert knowledge. Reducing your denial rate and A/R collection time begins early on, in the coding stage. Ensuring that your billings are correctly coded requires a thorough understanding of the coding rules and requirements that pertain to your work. This includes professional, facility, and risk adjustment factor (RAF) coding regulations. We share with our clients the essential knowledge they need to keep in mind when managing their medical billings including:
Billing & Coding – At Fortis Medical Billing, we assist electrophysiology practices nationwide to develop compliant billing and coding policies and practices. We also help our clients actualize these procedures within their existing patient care and management practices so that the medical billing process runs as effortlessly as possible. While both billing and coding are both critical elements of running a prosperous electrophysiology practice, the aim is to include these elements in a streamlined manner, having these procedures operating in the background with minimal attention from your already busy team. We provide both introductory and ongoing consulting services to optimize our clients’ billing programs so that these procedures become profitable assets within your company, instead of damaging liabilities.
Auditing – Fortis Medical Billing offers two different types of electrophysiology billing audit services. If you are debating changing the billing company you work with, we can examine your current billing practices to identify anywhere improvements can be made and prescribe any changes needed to achieve these changes. We are also able to audit your company’s recent and outstanding private insurance and Medicaid billings to identify the causes of denial and to pinpoint why claims that have been accepted are taking so long to payout. Secondly, as your electrophysiology billing services provider, we welcome the opportunity to audit the results of our work to provide transparency and accountability as well as to discover any weaknesses within your internal billing personnel’s practices to ensure that your electrophysiology practice’s billing efforts are optimized.
Revenue Cycle Management – Effective revenue cycle management, or RCM, requires a comprehensive understanding of the details of your particular practice. Universal RCM “solutions” are simply not able to create the same level of excellence with results as a system that is custom-tailored to your specific electrophysiology practice. At Fortis Medical Billing, we work with our clients to discern the unique challenges their practice is facing and to develop targeted strategies to overcome these challenges.
Why Choose Fortis Medical Billing?
If your electrophysiology practice requires medical billing assistance, why should you consider Fortis Medical Billing?
How Do You Know Whether it is Time to Seek Help?
You should be considering assistance from a professional medical billing company if:
- Your practice is not experiencing regular cash flow
- Your in-house billing team or current billing company is overwhelmed by the amount of work
- Your billing compliance program is outdated
- You regularly experience the denial of claims and/or your accounts receivable is high
- You know you should be making more money
What Can We Offer that Other Medical Billing Companies Cannot Not?
Fortis Medical Billing offers:
- A 95% success rate when it comes to securing payment for our clients’ billings
- A 99% client retention rate
- Operations based in the United States with headquarters located in Dallas, Texas
- Expert medical professionals, auditors, and former FBI agents
- No setup fees
Discuss Your Electrophysiology Practice’s Medical Billing Needs Today
Are you considering medical billing help? If so, we encourage you to get in touch. To speak in confidence with one of our senior medical billing consultants, call (866) 808-4160 or inquire online today.
Dr. Nick Oberheiden is a federal attorney with 20 years experience in healthcare compliance and defending healthcare providers.
Dr. Stephen Taylor has 25 years as a medical billing specialist and consultant in medical, chiropractic, nursing, and physical therapy.
Ms. Beverly Gibson has been a health care consultant for more than 25 years and specializes in medical record auditing, E/M training, and audit risk mitigation.