Are You Looking for a Medical Billing Company? - PowerPoint PPT Presentation

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Are You Looking for a Medical Billing Company?

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Associating with a reputable and professional medical billing company can resolve a lot of billing issues and provide results. – PowerPoint PPT presentation

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Title: 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

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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
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