You Do Not Have To Settle For Sub-Par Revenue Cycle Management
Fortis Medical Billing Professionals provide a cutting-edge solution that delivers results.
Doctors and practices usually only see 70%-90% of their insurance claims paid out. An effective approach to revenue cycle management could bring this closer to 95%!
The truth of the matter is that the failure of a lot of practices usually has something to do with how they handle their accounts receivables, denials, and much more. As a practice gets busier, the paperwork gets heavier and it becomes difficult to manage in most cases.
When it comes down to it, there is no need for things to be complicated, and there is not a need for them to take up tons of your time or cost your practice a lot of money. Here at Fortis, we’ve spent years refining our processes and embracing the best technology to take practices like yours even further.
Questions To Ask
You want to stand back and look at things exactly the way that they are to get the most out of your medical coding and billing practices. Some questions that you can ask yourself to help you do this easily have been listed below.
Are You Being Proactive When It Comes To Collecting Outstanding Accounts?
You have already provided the services, and you deserve to be paid for it promptly. At Fortis Medical Billing Professionals, we take a proactive approach to help turn those unpaid accounts into paid accounts. It ensures that your practice is seeing consistent revenue, uninterrupted.
Do The Results Stand Up Fairly Against The Best Industry Standards?
Not only do we employ the best auditors and medical billing compliance experts in the business, but we stay on top of changes in practices and regulations as well. This ensures that we know what it takes to meet (as well as exceed) the best industry standards. After all, our clients come to us because we’re true professionals that are continuing to refine our skills daily.
Do You Have A System In Place For Doing A Reimbursement Analysis?
Sometimes denials can happen for something as simple as having the incorrect code, but there are times where it can be more complex as well. Whatever the case may be, we’ll comb through your accounts receivable to resubmit claims that were previously denied. Having a time-efficient solution in place will help you reduce your denials while minimizing payout times.
How Many Days Have Accounts Been In A/R?
10% or less of your accounts should be greater than 120 days old to meet the current standards of the medical industry. If this number is hired, you might be in trouble.
Fortis ensures that we act upon all outstanding accounts so that the needed steps can be taken to get you paid quickly and effortlessly. We’re here to help you and your practice make the most when it comes to revenue and success.
What Is Your Claim Denial Rate And What Does It Tell You?
4% or less and you’ll be aligned with what’s deemed acceptable. Anything more and you might want to be looking into your claims and why they’ve been getting denied as much as they have been. By incorporating the right software, experience, and technology we can help ensure the lowest amount of claim denials possible.
Streamlining The Processes Of Your Practice Is The First Step To Quicker Payments
This means taking your patient experiences to the next level by incorporating modern practices for collecting their information as well as their insurance details. From allowing them to enter their data on your website to provide them with a chance to do it in the office on a kiosk or tablet, the options are limitless.
Here at Fortis, we have a wide range of solutions that can be used dependent on the needs of that practice. We also employ the most secure solutions to ensure that all the data is kept safe. For more information about this specific step, reach out to us directly.
Step Back As We Handle The Hard Work Here At Fortis Medical Billing Professionals
Based in Dallas, Texas, we’ve built the most awesome team in the industry that is known for not only bringing forward innovative solutions but for driving profitability to our clients while working with them. It’s also the secret behind our success (as well as the secret behind our 99% client retention rate).
Our headquarters employs the latest medical billing and coding technology as well as the most secure networks that operate silently in the background for practices across the country. While it may seem like outsourcing takes away the personal touch, it doesn’t, and you’ll see that here at Fortis.
Everything will be set up in a way that gives us real-time access to the data we need to keep an eye on things at your practice, as well as expedite all billings daily. You can ask us to use a different timeframe, but we found that this works best for just about all our clients.
The Experience And Knowledge Of Our Experts Will Be Used To Your Advantage
Fortis Medical Billing started as a vision for our founder, who was practicing law that related specifically to medical billing and coding compliance. He saw that the industry could use a little life in it and with the right team behind him this dream could very well become a reality.
As time went on, Fortis employed some of the best medical auditors in the world, top physicians that have made themselves very familiar with the business side of the healthcare industry, and former agents for the Federal Bureau of Investigation who dealt with medical compliance directly. It’s this diverse workforce that we’ve made ourselves known to be a leading medical billing and coding provider since it boasted one of the most experienced teams the industry had ever seen.
We Help You Zoom In On Revenue Cycle Management In Its Entirety
To get the answers that you need to grow your practices to heights it may or may not have seen before, you must get the magnifying glass out. Not only do you want to remain in compliance, but you want to implement a system of processes that will work to your advantage. Such as the approach we take, which has been covered for you below.
1. We Start By Simplifying The Patient Registration Process
This is the first step of our 5-part process, but it’s one of the most important ones of all and it’s initiated as soon as the patient calls to schedule their appointment. We want to make sure your team has the tools they need to get their information as well as the billing information.
Alternative options include allowing patients to register and enter their insurance information directly on your website as well as employing a kiosk in the office to simplify the on-site registration process. Whatever approach you want to take, Fortis is here with you every step.
2. Ensuring Coverage Is Essential; We Integrate Insurance Eligibility Verification
By integrating clearinghouses and linking offices directly to the data provided by the different insurance companies, we can ensure no unnecessary risks are taken here. It also streamlines your workflows as insurance verification is right at one’s fingertips with the right systems in place.
Walk-in patients using a kiosk can automatically trigger insurance verification processes to eliminate the need for your team having to do it manually. There’s always a way to make verifications less work, and we’ve figured out the best way to do it.
3. Then We Make It Easy to Capture Charges for Enhanced Efficiency
When it comes to the different charges associated with a patient visit, you want to make sure that you’re not overlooking then when it’s time to bill. Certain things must be billed separately, and we know the latest requirement of insurance companies.
It also makes sure that all charges are ready immediately for billing. Prompt payments can only be seen if you stay on top of the billing for your outstanding accounts, and we’ve brought the ultimate solution directly to you.
4. We Make It Possible to Post Payments to Patient Accounts Automatically
Billing discrepancies are a practice’s worst enemy, and we don’t have time to let our clients put their practice at risk because of them. That’s why we provide each practice we work with a solution to post payments to accounts immediately, so everything stays on-point.
5. Finally, We’re Able To Present You With Hands-Off And Real-Time Billing
All those steps have led to the ultimate result. Being able to provide you with first-class revenue cycle management that’s not going to let you down. Not to mention, it helps your practice embrace the latest in medical billing and coding technology at the same time.
No longer does your staff have to be bogged down with all of the technicalities that come with the business side of a healthcare practice. Everything can be handed over to us without any extra work needing to be done. We save you both time and money in the end.
Ready To Partner With Fortis Medical Billing And Take Control Of Your Revenue Cycle Management?
If you’re ready to get started with your initial revenue cycle management consultation, we have medical billing experts standing by to take your call at (866) 808-4160. You can also contact us online. Just make sure you’ve got all the information needed to let us know what needs to be done to maximize the profits and simplify the operations of your practice.
Dr. Stephen Taylor has 25 years as a medical billing specialist and consultant.
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.