Billing Precision Partners with Labady & Randolph for Billing Compliance; Chiropractors leverage Artificial Intelligence and Legal Expertise for Practice Risk Management
2006 Jeffrey B. Randolph Billing Precision Partners with Labady & Randolph for Billing Compliance; Chiropractors leverage Artificial Intelligence and Legal Expertise for Practice Risk Management DUMONT, NJ (PRWEB) MARCH 29, 2006 Jeffrey B. Randolph, Esq., has saved many practices from bankruptcy upon post-payment audit of their claims and billing procedures. “While standard insurance policies protect the doctor from most business risks, nobody offers protection against potentially enormous penalties in case of billing audit,” says Mr. Randolph, a partner at Labady and Randolph and legal counsel to the Association of New Jersey Chiropractors. “Monitoring billing compliance is doctor’s responsibility and ignoring it often results in practice ruin.” Billing compliance monitoring is difficult because it requires testing of every claim against multiple rules. Additionally, major insurance firms use proprietary rules for selection of audit candidates. Over the years, Mr. Randolph has identified numerous rules that might trigger billing audit. Some tests are as simple as ensuring adequate claim documentation using SOAP notes, while others call for heavy-duty calculations, such as statistical pattern recognition, designed to identify an overused chiropractic manipulative treatment. “Billing Precision utilizes specialized software to encode and leverage Mr. Randolph’s unique expertise,” says Dr. Yuval Lirov, inventor of several patents in artificial intelligence and computer security and author of “Mission Critical Systems Management” book. “Ensuring billing compliance in a high-volume practice would be impossible without high-performance systems.” About Labady & Randolph: Labady & Randolph, LLC, is a multi-state health care law firm specializing in insurance litigation, health care audits, arbitration of medical claims, billing and coding compliance, and professional licensure matters. Mr. Randolph is legal counsel to the Association of New Jersey Chiropractors, a member of the National Association of Chiropractic Attorneys, and is licensed to practice law in New York, New Jersey, U.S. District Courts for the 2nd and 3rd Circuits and the Court of Federal Claims. About Billing Precision: Billing Precision , LLC, is a national Third Party Billing Service, HIPAA compliant, Certified by New Jersey Department of Banking and Insurance, and a Business Partner of Association of New Jersey Chiropractors. Billing Precision consolidates billing services, tracks payer’s performance from a single point of control, shares Medicare compliance rules globally, and creates massive economies of scale. It guarantees improved practice profitability and 100%transparency throughout the billing process. The service leverages comprehensive practice workflow technology ,including patient scheduling, digital superbill, SOAP and SOAAP notes, and billing.
Added Interest Revenue Further Improves Doctor Collections; UBS — Billing Depot Lockbox Improves Reliability and Transparency of Billing
2006 Added Interest Revenue Further Improves Doctor Collections; UBS — Billing Depot Lockbox Improves Reliability and Transparency of Billing MARLBORO, NJ (PRWEB) MARCH 14, 2006 Dr. Michael Lewko, Chief Medical Officer, Care Management at St. Joseph Hospital in New Jersey, has seen his practice revenue grow by 14%. “The introduction of UBS lockbox is just one example of Billing Depot’s professionalism and continuous attention to billing process improvement,” says Dr. Lewko. “The lockbox reduces dependency on a specific billing office, cuts management overhead, and allows us spend more time with our patients.” “We are delighted to partner with a first-tier investment bank,” says Pat Freeze, President of Billing Depot. “Billing service accuracy and consistent followup are critical for full and timely collections. An automated investment of patient payments in an interest earning Money Market account adds extra cash to physicians and results in a powerful service when combined with record payment performance.” “The doctor’s money must never be idle,” explains Robert Szigeti, the UBS Vice President in charge of Personal Wealth Management. “First, the doctor receives improved accountability and reliability with bi-directional verification of check deposit between the bank and Billing Depot. No lost checks. Next, physicians see higher processing speed and added interest revenue with check deposit upon arrival in a Money Market account earning interest. Finally, the doctor receives an added degree of Transparency, which allows personal verification of deposit via secure Internet connection.” About UBS: UBS AG is a leading global financial services firm with over 68,000 employees worldwide, serving a diverse client base that includes affluent individuals, corporations, institutions, and governments. From investment banking to asset management services, UBS Financial Advisors command a broad array of financial resources to help clients accumulate, preserve and transfer their wealth. UBS practices an all-encompassing approach to investment and financial life taking into account both assets and liability needs. About Billing Depot: Billing Depot, Inc. is a national Third Party Billing Service, certified by the New Jersey Department of Banking and Insurance. Headquartered in East Windsor, New Jersey, it guarantees improved profitability and 100% transparency throughout the billing process. The service uniquely leverages comprehensive practice workflow technology, including patient scheduling, SOAP notes, Electronic Medical Records (EMR), electronic claim submission, followup, and 24x7online financial reporting.
Doctors Receive Best-of-Breed EMR and Billing Solution; MediEMR and Affinity Billing Offer Integrated ASP Architecture
2006 Dr. Boris Petrikovsky Doctors Receive Best-of-Breed EMR and Billing Solution; MediEMR and Affinity Billing Offer Integrated ASP Architecture Boris Petrikovsky, MD, PhD, complains about the limited choice between “full-scope but mediocre products on one hand and excellent but single-function stand-alone systems on the other hand. An integrated best-of-breed product helps patient care and clinical error reduction, financial performance, and regulatory compliance,” says Dr. Petrikovsky, Chairman of Obstetrics/Gynecology Department at Nassau University Medical Center, Professor of Obstetrics, Gynecology, and Reproductive Sciences at Stony Brook University School of Medicine, and a recipient of numerous international awards and honors for his research work. MediEMR and Affinity Billing have announced a strategic alliance that features integrated Applications Service Provider (ASP) Internet-based architecture for total billing and Electronic Medical Record charting. Scalable from single-doctor practices to large multi-location clinics, the combined product is an intuitive and affordable medical office solution for reduced medical errors, increased coding levels, better patient communications, streamlined workflow and interoperability with partner providers. Medical practices served range from Obstetrics and Gynecology to Pediatrics to Cardiology to Chiropractic. Dr. Yuval Lirov, CEO of Affinity Billing, author of Mission Critical Systems Management (Prentice Hall, 1997), inventor of multiple patents in artificial intelligence and computer security, and moderator of Billing Wiki, says clients regularly see their monthly collections increase by 10% to 30%. “With Affinity Billing and MediEMR, the practice owner entirely avoids risks of implementation failure.” Matthew D’Alessandro, CEO of MediEMR, says, “Real time access to patients’ medical and financial records enhances both patient care and practice profitability. A totally integrated ASP architecture for practice management sets a new standard for practice workflow, profitability, and compliance management.” About MediEMR: MediEMR, LLC, based in Bedminster, New Jersey, evolves from RAL Consulting Group. Formed in 1991, RAL designs software solutions for Fortune 500 companies. In 2005, RAL released an affordable state-of-the-art EMR solution for ambulatory care physicians. MediEMR offers unparalleled ability to integrate with laboratories, imaging centers, and medical devices. About Affinity Billing: Affinity Billing, Inc. is a Third Party Billing Service, Certified by New Jersey Department of Banking and Insurance and operating nationally. Headquartered in Marlboro, New Jersey, Affinity Billing consolidates billing services, tracks payer performance from a single point of control, and shares Medicare compliance rules globally. It guarantees improved practice profitability and 100% billing transparency.
Axis Billing and Collections Recommends Engaging Billing Precision for Improved Service and Added Economies of Scale – Chiropractors Grow Profitability Using Integrated Platform
2007 Dr. Brian Capra, DC Axis Billing and Collections Recommends Engaging Billing Precision for Improved Service and Added Economies of Scale – Chiropractors Grow Profitability Using Integrated Platform DUMONT, NEW JERSEY (PRWEB) OCTOBER 8, 2007 Axis Billing and Collections, LLC (“Axis”), the leading provider of billing services to New Jersey chiropractors announced today that it will no longer be providing billing services to any of its clients as of October 15, 2007. Axis recommends all of its valued clients to engage Billing Precision, LLC (“Billing Precision”), as an alternate trusted provider of billing services. Billing Precision is the leading provider of chiropractic practice management solutions and billing. “Billing Precision brings to the Axis clients a networked practice management solution, including paperless office automation, expert billing staff, and, most importantly, access to the rapidly growing billing knowledge base, shared by hundreds of doctors nation-wide,” says David Foster, DC, President of Axis. “Billing Precision’s built-in technology platform has online patient scheduling, key-tag driven patient registration, touch-screen-managed SOAP notes, sophisticated care plans, and audit monitoring.” Billing Precision’s high quality, cutting edge service offerings unite individual clinic owners into a powerful community of profitable and compliant managers focused on patient care and practice growth. Billing Precision tracks payer performance from a single point of control, shares billing compliance rules globally, and creates massive economies of scale for its clients. “Whether you see 100 or 1,000 patients a week, bill insurance or cash only, or sell retail health products–chances are that members of the growing Billing Precision network have already automated the solution,” says Brian Capra, DC, partner at Billing Precision. “We look forward to building on it.” About Billing Precision: Billing Precision, LLC is the leading provider of comprehensive chiropractic clinic management solutions, a national Third Party Billing Service, Certified by New Jersey Department of Banking and Insurance, and a Platinum Business Partner of Association of New Jersey Chiropractors.
