Get positive ROI on every patient through outsourced optometry billing services!

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Get positive ROI on every patient through
outsourced optometry billing services!
Every moment when you think that your optometry
billing and coding prerequisites are under
control, new reimbursement and claims submission
guidelines, coding alerts, or dedicated staffing
roadblocks occur. When you as a practitioner are
continuously managing claim denials and
rejections, along with eligibility and benefits
verifications, plus the claims submission and
payment posting, looking into AR cleanup, and
billing issues, it all compounds to the heavy
workload that may impact your patient
interaction. According to the Medical Group
Management Association report the average cost of
reworking on a medical claim is somewhere around
25 to 30 and that 50-65 of rejections or
denials are never re-worked. Here the key
financial metric to focus on is to make sure all
the claims submitted are clean and free from
errors. Do keep in mind that knowing how to
prevent rejections or denials in the first place
is the best Return on Investment (ROI) for your
optometry facility. Here is some vital
evaluation that optometrist needs to consider in
order to keep adequate cash flow and ROI for
their practice.
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Get positive ROI on every patient through
outsourced optometry billing services!

• The real cost of your Optometry billing and
  coding
• Typically, healthcare providers will see an 8 to
  12 increase in their net collections when they
  align their charging services with a Revenue
  Cycle Management (RCM) specialist. To help you
  define the real cost of your billing and process,
  lets look at some perilous financial and
  operational processes that are part of your ROI.
• Analyze fixed costs
• Clearinghouse fees.
• Stationary, postage, and statement fees.
• Staff hourly wages and payroll costs.
• Workers compensation insurance and payroll
  taxes.
• Employee benefits.

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Get positive ROI on every patient through
outsourced optometry billing services!

• Analyze the variable costs
• Evaluate and pinpoint key decision points for
  outsourcing billing.
• Are your accounts receivable (AR) for more than
  50 days?
• Is the AR percentage over 120 days more than 15?
• Patients are increasing, but theres a decline in
  the revenue.
• Rise in rejections and denial rate.
• The decline in cash flow and net revenue.
• Increase in bad debt
• Unexpected staff sick leave or vacations
• Is the collection rate declining?
• Do you see a higher percentage of bad debt
  write-offs due to delinquent patient accounts?
• Is the in-house staff spending more time on claim
  follow-ups and calling insurance companies
  instead of on patient care and services?
• Overcoming the ROI issue through able billing
  partners/organization

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Get positive ROI on every patient through
outsourced optometry billing services!

• Recover the patient collections process through
  regular and efficient communications.
• Educate patients on optometry benefits and
  patient financial responsibilities, which
  directly tackle the ROI issue.
• Act as a connection with your billing service
  provider to learn more about non-covered
  benefits, collecting deductibles, and more.
• Provide more efficient patient care and get more
  time for marketing your practice on social media,
  patient relationship management services, and
  promotional campaigns.
• Why Choose MBCs Optometry Billing and Coding
  Services?
• Many optometrists lose profits due to poor
  first-pass ratio and claim re-work due to the
  never-ending healthcare changes. You can lose a
  big chunk of your revenue margins if you
  consistently re-work claims or you process
  outstanding AR as denials.
• Its essential to look at the number of days in
  AR and your net collections together. Connect
  with us and feel the difference of a positive
  ROI along with a higher growth rate for your
  practice and satisfied staff.