Why should I use a medical billing company?Generally, retaining a full- or part-time biller is less cost effective than out sourcing that function to ECM. We charge 7% of recovered money – and we doggedly go after everything from denials to patient collections – to earn it. Do the math: calculate the true cost of in house billing: salary, benefits, office supplies, payroll taxes and uncollected claims. Also consider the soft cost of improper filing, patient collection activities and your time. Now compare it to ECM’s 7% solution. We’d like to think it most cases the comparison is a no-brainer.
Are your patient receivables out of line?
How does your practice stack up to the 17.7% national average of patient receivables older than 120 days? If your practice is near that average, we’ll improve it dramatically because we have a larger incentive to do so than someone in your office. Or, we can train that someone to a highly improved performance level. Call us today at 718-525-8567 and ask for ECM principals Louis or Bert to learn how we can improve your bottom line.
How knowledgeable is your biller?
Statistics have shown that 59% of in-house billers fail to review explanations of benefits. Even worse, 55% of billers have never appealed a denied claim. That means you may be delivering about 20% of your services for free because in-house billing often fails to obtain superior payment performance! Call us today at 718-525-8567 and ask for ECM principals Louis or Bert to learn how we can recover monies on denied claims and underpayments.
Are you staying abreast of how your fee schedules are being reduced, the increasing complexity of billing and payer consolidation?
We are so you don’t have to. Call us today at 718-525-8567 and ask for ECM principals Louis or Bert to learn how we can keep you abreast of industry developments that affect you.
Would you like to devote more time to patient care or practice development and less, or nearly no time spent on billing issues?
We can make it happen. Call us today at 718-525-8567 and ask for ECM principals Louis or Bert to learn how we can help you devote more time to patients and far less time to administrative details.
Would you like to average an 88% percent net collection ratio (like we do) while at the same time reducing your operating costs?
Call us today at 718-525-8567 and ask for ECM principals Louis or Bert to learn more.
Are you gifting insurance company a major part of your earned compensation by not vigorously contesting underpayments?
We can put a stop to that, pronto. Call us today at 718-525-8567 and ask for ECM principals Louis or Bert to find out more.
Why should I begin providing Electronic Medical Records (EMR) through you?
Because there is a $44,000-$64,000-over-five-years incentive for doctors to do so. President Obama’s stimulus spending plan has passed and calls for $20 billion in IT spending to dramatically increase EMR adoption. Starting in 2011, physicians will receive $44-$64K over five years for implementing and using a certified EMR company such as ECM. The Congressional Budget Office projects these incentives will have 90% of U.S. physicians using EMR within the next 10 years. Start now. (By the way: that’s the “carrot.” The “stick” is that if you don’t adopt CCHIT-certified EMR systems by 2014 your Medicare reimbursement rates will be cut by up to 3%.) Get ahead of the curve. Call us today at 718-525-8567 and ask for ECM principals Louis or Bert.
How does ECM handle denials?
We contest vigorously every denial or low payment right up to the Insurance Commissioner of New York. After all, it’s partly our money too. Call us today at 718-525-8567 and ask for ECM principals Louis or Bert.
Should our practice wait before looking for a certified EMR?
NO! Start right now! You need to be collecting EMR data for at least six to nine months for your practice to demonstrate “effective meaningful use” of your EMR system or provider. Work with us. We’ll can install an EMR system and train your staff to be up and running in as little as 2-4 weeks. Or we can act as your certified provider. Either way we’ll get you eligible to qualify for the $44-$64K-over-five-year incentives. Call us today at 718-525-8567 and ask for ECM principals Louis or Bert to quantify your IT solution.
With regard to the coming incentives, can we apply for funding from both Medicare and Medicaid assuming we’re compliant with the regulations?
No. It’s either one or the other.
