What Advantage Medical Billing Solutions Can Do For You andThe Financial Health of Your Practice

1
What Advantage Medical Billing
Solutions Can Do For You and The
Financial Health of Your Practice
2
Client/Advantage Objective

• Insure Cash Flow Stability and Decrease A/R
  Timeframes while Increasing Revenue
• Decrease/Remove all Billing Associated In House
  Costs
• Provide Superior Service at a Fair, Affordable
  Cost
• Insure Smooth Transition to Outsource Billing
  Solution
• Address Concerns and other Issues with
  Alternative Solutions
• Provide Technology Solutions needed in todays
  Healthcare Practices
• Provide Prompt, Courteous Response to the
  Patient, acting as an Extension of the Practice
• Provide Coding Services as needed
• Provide Practice Staff Training as needed

3
Client Requirements

• Need for outsourced, dependable, cost effective
  billing solution.
• Medical Practice Technology Solution
• Online Practice Management Systems with
  Scheduler, Document Scanning, and Imaging, and
  Handheld Module Interface
• Remote Billing Team in Place for Coding, Data
  Entry, Claims Follow-up, Patient Inquiries,
  Medical Appeals
• Practice Financial Reporting that allows
  Dashboard Quick view of Key Practice Financials

Cost Effective Solution
Remote Technology/ Billing Team In Place
Client Satisfaction
Billing Service Partnership
4
Advantage Solution

• Software
• HIPAA compliant, secured, internet based Medical
  Billing Application that brings MMS into the
  Billing Office 24/7 with dashboard view of
  critical financial and billing statistics in
  graphic/column formats.
• Document storage/retrieval systems for ease of
  data portability on all levels.
• Staffing
• Advantage has all levels of personnel available
  for the smaller or larger client or for upsurges
  of business as needed.
• Costs
• Advantage with work with you
• to achieve the desired result within
  your allowed budget.

5
Projected Data Flow

• Client scans required patient documents into
  online document storage
• Demographic Sheet
• Copy of Insurance Cards, front and back, Primary,
  Secondary, Tertiary
• Signed ABN (Advance Beneficiary Notification)
• Referral/Authorization as required per patient
  insurance
• Advantage Medical retrieves above documents
• All data is immediately entered into billing
  systems, All claims transmitted within 24 hours
• Claims are paid within 10-21 days by insurance
  carriers pending no problems with insurance or
  referrals and electronic or paper. Secondary
  claims are paid approximately 2-3 weeks after the
  primary claim has paid, again, depending on
  electronic or paper.
• Funds can come to your office directly, a Post
  Office Box, or be electronically deposited into
  your bank account via ERA (Electronic Remittance
  Advice)
• Explanations of Benefit copies can come to
  Advantage Medical for posting via scanning from
  your location, or electronically from the carrier
  and/or a combination of both.

6
Cost Benefits

• Reduction/Elimination of Billing Overhead Costs
• Personnel
• Hiring, Training, Salaries, Benefits, Taxes
• Reduction of Software/Hardware costs
• Maintenance, upgrades, monthly fees
• Reduction of Billing Related costs
• Coding books, HCFA forms, Postage, Clearinghouse
  fees, Elevated Telephone expenses, Annual
  seminar/training fees on new regulations

7
Why Take Advantage?

• CORPORATE
• Stable, Solid, Debt Free Company
• 16 Years In The Business
• Excellent References From Long Term Clients
• Medical Billing Is All We Do
• COSTS/FLEXIBILITY
• We will work with you and your Budget
• Flexible Agreements
• No Start Up Costs
• Fees Based on a Percentage of Receipts
• TECHNOLOGY
• 24/7 Internet Based Practice Management Systems
• Document Storage/Retrieval Systems For Efficient
  Data Flow
• Financial Practice Picture at a Glance In
  Dashboard Format
• Document Imaging/Scanning of Patient Files,
  Insurance, Correspondence, Stored securely on
  line.
• Electronic Remittance Advice
• Capture Charges Using Mobile Devices

8
Key Benefits

• Maximized cash flow
• Reduced costs
• Expertise in the industry
• State of the art software technology
• Flexible agreement for services
• Fees based on a percentage of actual receipts

9
Next Steps

• Contact Us for a No Obligation Consult
  1.877.543.2324 Or Fill Out The Contact Form and
  we will Contact you or a Staff Member at your
  Convenience.
• View a Software Demonstration
• Work out an Agreement and Check References
• Sign all required forms and paperwork required by
  HIPAA, Clearinghouse, Ins. Companies and
  Advantage Medical Billing Solutions LLC.
• Establish Data Conversion Date, Training and Live
  Dates

10
Summary Information Slide

• This is the end of this Presentation, Select the
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  Medical Billing Solutions Web Site. Thank you
  for your interest in our company.