Are You Looking for a Medical Billing Company?

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Are you looking for Medical Billing Company?
MGSI LLC Medical Billing Company
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(No Transcript)
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Abstract

• Facts to Validate
• How to choose the Right Medical Billing Company?
• Value for Money
• Some Questions to Ask Before Hiring a Medical
  Billing Company
• Importance of Technology
• Offer Complete Transparency
• About us

MGSI LLC Medical Billing Company
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Facts to Validate

• Deciding on a vendor requires a lot of research.
  But asking the vendors for certain specific
  information can make the task a lot easier.
• Similarly, medical billing is also a very crucial
  process that requires time, dedicated staff,
  knowledge and accuracy.
• Associating with a reputable and professional
  medical billing company can resolve a lot of
  billing issues and provide results.

MGSI LLC Medical Billing Company
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• At present, one may come across a wide array of
  large-scale medical billing companies. This has
  also made the healthcare industry more complex
  and competitive with every passing day.
• A practitioner or a healthcare organization needs
  to know what they require and should expect from
  a billing company and must compare all the
  offerings from different billing companies.
• Medical billing requires skilled employees,
  sophisticated technology and constant vigilance.

MGSI LLC Medical Billing Company
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How to Choose the Right Medical Billing Company?

• One needs to know the difference between a
  dubious medical billing company and one whom they
  can trust with the patients medical information.
  
• Insist a vendor offers a business associate
  agreement to maintain PHI security and overall
  HIPAA compliance.
• With the right billing company, a practitioner
  can significantly reduce their time spent on
  billing issues and can focus more on patient
  care.
• The below mentioned points will help one
  understand how to choose the perfect billing
  company.

MGSI LLC Medical Billing Company
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Value for Money

• An experienced, end-to-end medical billing
  company consists of professional billers and
  advanced revenue cycle management experts.
• There is a cost and value associated with end to
  end medical billing collections.
• Some vendors offer a reduced rate, however, there
  are limitations attached along with additional
  hidden costs.
• Making a decision on cost alone is not enough.

MGSI LLC Medical Billing Company
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Some Questions to Ask Before Hiring a Medical
Billing Company

• Companys total years of experience
• How many people are assigned for the account?
• What kind of training does the staff have?
• Do they have certified coders?
• How many years of experience in your specialty?
• How HIPAA compliant are you?
• Do you have a compliance plan?
• Do you have any professional affiliations?

MGSI LLC Medical Billing Company
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• Can you provide references?
• Who owns the billing data?
• Do they offer denial management?
• Can they keep track of and make analysis of your
  rejected claims?
• Will your organization alert me about contract
  issues?
• What type of reports will you receive?
• Are there billing follow up items which they do
  not handle?
• Can they add value with their Fee Scheduling
  knowledge?
• Would they assist in Credentialing with a
  specific payer?

MGSI LLC Medical Billing Company
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Importance of Technology

• According to analysis, a lot of independent
  physicians utilize an integrated practice
  management, and EHR software. Does the billing
  company vendor
• Do you provide a cloud based practice management
  software?
• Do you offer an integrated EMR?
• Are your processes mostly electronic?
• What kind of data backup and recovery procedures
  do they follow?

MGSI LLC Medical Billing Company
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Offer Complete Transparency

• Experienced and highly qualified medical billing
  companies use enhanced cloud-based systems, where
  one can expect 24/7 access to any claim or any
  data.
• As well as real time data. Through the software,
  one can have easy access to payments, charges,
  adjustments, write-offs, posted payments and
  more.
• Transparency allows for
• Summary of the charges
• Summary of the payments

MGSI LLC Medical Billing Company
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• Aging Summary (AR)
• Aging claims by the insurer
• Summary of adjustments, which includes defined
  write offs, contractual adjustments and refunds
• Procedure analysis
• Denial reasons
• You get what you pay for. Lower rates arent
  always the
• better option, and a lower fee of your bottom
  line doesnt
• always save the practice money?

MGSI LLC Medical Billing Company
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About US

• MGSI is the best medical billing company in
  Florida.
• We Provide various billing services such as
• Radiology Billing Services
• Cardiology Billing
• Anesthesia Billing
• Physician Billing Services
• Denial Management
• Insurance Eligiblity Verification
• Physician Practice Management
• Reveuce Cycle Management
• AR Follow Ups etc.

MGSI LLC Medical Billing Company
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Contact us

• For more information,
• Please contact MGSI at 1-877-896-6474
• Email us info_at_mgsionline.com
• Check our website www.mgsionline.com

MGSI LLC Medical Billing Company
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MGSI LLC Medical Billing Company