Billing Depot Increases Revenue for Heart Specialists of Central Jersey
2007 Billing Depot Increases Revenue for Heart Specialists of Central Jersey Billing Depot has recovered over $32,000 on a single but repeated Aetna’s underpayment error, going back as far as 2003,” says Elliot Smith, Practice Administrator of Heart Specialists of Central Jersey, LLP. “Our practice has seen revenue increases on multiple occasions, each time because of superb Billing Depot technology and disciplined followup and appeal processes.” says Elliot Smith, Practice Administrator of Heart Specialists of Central Jersey, LLP. “Medical billing has evolved into a complex game, requiring doctors to navigate the payers’ playing field, subject to shrinking rates and increased scrutiny,” wrote Charles M. Moss, MD and President of Medical Society of New Jersey, in his recent letter to the members of MSNJ. “Billing Depot, a Gold Partner of MSNJ, has demonstrated an unparalleled ability to increase an average physician’s cash flow.” Billing Depot uses Vericle billing engine to analyze reimbursements, compare payment to charges and expectations, and track followup and denial appeal process. “Aetna’s underpayment for 78480 because of a bundling error was discovered by Vericle using its standard payment analysis procedure,” says Erez Lirov, Chief Operating Officer at Billing Depot. “By consolidating operations for hundreds of separate billing services, Vericle tracks payer performance from a single point of control. Every time we solve a billing problem for one of our clients, we encode the newly gained knowledge in Vericle. Sharing billing and compliance expertise in a central billing knowledge base benefits every one of our clients.”
Billing Precision Adds Appointment Reminders to its Chiropractic Office Software (Vericle) for Improved Patient Relationship Management and Revenue Protection
2007 Dr. Brian Capra, DC Billing Precision Adds Appointment Reminders to its Chiropractic Office Software (Vericle) for Improved Patient Relationship Management and Revenue Protection DUMONT, NEW JERSEY (PRWEB) AUGUST 15, 2007 Dr. Michael Lagana, Director of BackSmart Wellness Center in New Jersey, has first-hand experience of no-show damage caused to a busy chiropractic office. “Missed appointments are the first signs of eroding patient loyalty and potential patient relationship management problems. Billing Precision’s integrated automated solution protects billing revenue in a disciplined fashion and at significantly lower cost,” says Dr. Lagana. To help chiropractors improve patient relationship management and reduce risk of loss of revenue due to no-shows, Billing Precision has integrated Phunkey’s PatientCall technology with its chiropractic office software management system (Vericle). “When patients miss appointments, they interrupt the flow of care, impede clinic productivity, and reduce billing and revenue. Appointment reminders or confirmation calls for upcoming appointments and follow up calls (recalls) on recent no-shows reduce numbers of no-shows more effectively than any other strategy,” says Dr. Lagana. “If left unmanaged, the rate of no-shows may exceed 30 percent of appointment volume,” says Steve Williams, CEO of Phunkey and inventor of PatientCall. “But busy practice owners often neglect confirmations and recalls because of other office management priorities. Chiropractors using integrated PatientCall’s services expect dramatic no-show reduction rates, often reaching as much as 50 percent. They also mention comparable improvement of long-term patient loyalty.” “To get results, reminder call and follow up strategy must be implemented systematically,” adds Dr. Brian Capra, DC, and a partner at Billing Precision. “An integrated automated solution protects billing revenue in a disciplined fashion and at significantly lower cost.” About Billing Precision: Billing Precision, LLC is the leading provider of comprehensive chiropractic office software 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. About Phunkey: Phunkey Inc is the leading provider of technology solutions to recurring clients and patients of professional serviceproviders, including Legal, Medical, Dental, Chiropractic, and Accounting services.
Physical Therapists Integrate Billing and Scheduling Systems to Win the Reimbursement Battle – New Solution Increases Collections, Improves Compliance, and Cuts Costs
2008 Amy Griffin, MSPT Physical Therapists Integrate Billing and Scheduling Systems to Win the Reimbursement Battle – New Solution Increases Collections, Improves Compliance, and Cuts Costs BELLMORE, NY (PRWEB) JULY 11, 2008 Billing Dynamix, a physical therapy billing service network and Spectrasoft, maker of AppointmentsPRO™ and Appointments Anywhere™ products, are teaming up to provide a completely integrated best-of-breed Practice Management Solution specialized for Physical Therapy and Rehab Practice. The integration of Spectrasoft’s industry leading scheduling software and Billing Dynamix’s web-based reimbursement management platform and outsourced billing service provide an end-to-end solution that covers the entire patient encounter life-cycle from appointment scheduling to documentation to claim reimbursement. “Physical therapy clinic owners who use electronic practice management products for scheduling, documentation and billing often struggle with the limited availability of full-scope but mediocre products on one hand and excellent but single-function stand-alone systems on the other hand,” says Amy Griffin, MSPT, President of EQUILIBRIUM Balance Performance Center specializing in Vestibular Rehab based in Ventura, California. “I now use an integrated best-of-breed product combining SpectraSoft and Billing Dynamix to help me increase revenue, reduce costs and free my staff to spend more time on patient care.” The combined service is easy to implement for any size practice. Patient demographics are entered first in SpectraSoft’s AppointmentsPRO™ or Appointments Everywhere™ scheduling systems and transmitted automatically to Billing Dynamix at regular intervals via a secure connection. A closed loop between billing and scheduling ensures that every scheduled appointment is reviewed and billed correctly – nothing falls through the cracks – while centralized monitoring discovers delays and underpayments and tracks every follow up action and its results, continuously leveraging cumulative billing experience across hundreds of clinics nationwide. “Clients regularly see their monthly collections increase while reducing their audit exposure using disciplined documentation,” says Dr. Yuval Lirov, author of “Practicing Profitability – Billing Network Effect,” inventor of multiple patents in artificial intelligence and computer security, and partner of Billing Dynamix. “Additionally, the practice owner using an integrated Billing Dynamix and SpectraSoft solution entirely avoids risks of implementation failure.” “Clinic owners need innovative solutions to overcome shrinking reimbursements and rising costs,” continues Steve Petrie, CEO of SpectraSoft, “This integrated process between Spectrasoft and Billing Dynamix closes the workflow loop of patient intake, scheduling, treatment and billing, so that nothing falls through the cracks and practice owners can enhance their revenue significantly.” “Along with their client-first friendly customer service, I have been able to focus on managing my practice and more importantly – on the patients at EQUILIBRIUM,” concludes Griffin. About SpectraSoft For 15 years, SpectraSoft has simplified rehab practice management with innovative scheduling, documentation,billing and analytics solutions. SpectraSoft’s flagship system, Appointments PRO, powers nearly 4,000 facilities nationwide. SpectraSoft develops and supports all of its products from its headquarters in Tempe, AZ. You can find out more at spectrasoft.com. About Billing Dynamix Billing Dynamix unites hundreds of physical therapy and rehab billing systems nationwide on a single system. By consolidating operations, Billing Dynamix tracks payer performance from a single point of control, shares payer compliance rules globally, and continuously matches its physical therapy and rehabilitation billing rules to evolving payer’s environment. Every provider on the network can view in real-time, the status of every single claim in process24 hours a day, 7 days a week. You can find out more at billingdynamix.com. About EQUILIBRIUM Balance Performance Center, Physical Therapy and Pilates EQUILIBRIUM Balance Performance Center helps you stay on your feet. EQUILIBRIUM is an outpatient neurological rehabilitation clinic that specializes in the treatment of vertigo, dizziness, imbalance, and other mobility impairments using state of the art Vestibular Rehabilitation Therapy as seen on KABC Los Angeles( http://abclocal.go.com/kabc/story?section=news/health&id=5896161). You can find out more about EQUILIBRIUM Balance Performance Center, Physical Therapy at equilibrium-bpc.com or contact Amy Griffin MSPT at (805) 339-9718.
Integrated Practice Management System and Outsourced Billing Service to be Showcased by Billing Dynamix at APTA Private Practice Section Conference in Orlando
2008 Elizabeth Finch, PT Integrated Practice Management System and Outsourced Billing Service to be Showcased by Billing Dynamix at APTA Private Practice Section Conference in Orlando “Rising costs of doing business is making it difficult to maintain a productive, efficient business. As a practice owner, I spend a large part of my day fighting insurance companies and underpayments. With the higher cost of doing business and spending more time fighting to get paid, I have less time to treat patients and manage my practice.” says Elizabeth Finch, Physical Therapist and Co-Owner of G&E Therapies, who is tired of experiencing underpaid or delayed claims and losing valuable time and efficiency in the clinic. “Continuous corporate consolidation has given the payers the resources and the opportunities to “stack the cards” against the providers. A practice management system like Billing Dynamix provides an essential partnership to both help manage my practice and collect insurance claims. Billing Dynamix gives me the power and resources to level the playing field and get paid.” Billing Dynamix will demonstrate a fully integrated Practice Management System (Scheduling, Documentation) and Outsourced Billing service that improves profitability, productivity while enhancing practice compliance. The PPS Annual Conference will be held November 5th through 8th at the Loews Royal Pacific in Orlando (booth 619). The live demonstration will cover all aspects of the patient encounter from scheduling to quick and easy documentation of the treatment to full claim resolution. “Billing Dynamix unites hundreds of providers nationwide on a single service network,” says Dave Macolino, President of Billing Dynamix. “By consolidating billing operations, Billing Dynamix levels the playing field with the payers. Its growing, centralized billing knowledge base, consistent and scalable processes, and shared comprehensive internet-based technology platform become a powerful virtual extension of the physical therapy practice. It gives the practice owners unprecedented control over practice workflow, office productivity, and claims processing in a completely transparent fashion 24 hours a day, 7 days a week.” About Billing Dynamix – “Hands-On Profitability” Billing Dynamix, LLC, is a national Third Party Billing Service, headquartered in Bellmore, New York. Billing Dynamix tracks payer performance from a single point of control, shares payer compliance rules globally, and continuously matches its billing rules to evolving payer’s environment. It guarantees improved physical therapy and rehab practice profitability and 100% transparency throughout the billing process. The service leverages comprehensive practice workflow technology, integrating patient scheduling, patient documentation (SOAP notes), compliance management, and billing.
