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BILLING MANAGEMENT AND SERVICES
When should my practice consider hiring a professional billing service?
Since the introduction of the PC, inside medical billing became affordable and more cost effective than manual billing or outsourcing. Today, the situation has changed again with medical billing requiring higher expenses and expertise for the same job. Are you getting the results of a large and highly trained billing department? If you suspect that your billing department could use some help, here are some reasons to consider moving your billing office to a professional company:
- Share common expenses with other practices such as:
a. Computer IT management
b. Insurance formatting / claim submission protocol costs
c. Employee training and seminar costs
d. Equipment maintenance and repair costs
e. Printer expenses and replacement
- Eliminate problems with billing employees
a. No worrying about a biller quitting and leaving you high and dry
b. No worrying about retraining a new biller
c. No worrying about the transition from one biller to the next
- Improve management of your billing department
a. You will gain the expertise of managers that are too costly to hire on
your own
b. You can take advantage of specialization just like very large practices
with our service that utilizes specialists for each area of the billing
process.
- Save expenses associated with inside billing including the space itself to house your billing department.
a. Re-direct a cost space to an income-producing space by eliminating
billing personnel from your office
b. Eliminate new storage of billing paperwork to free up more office space
c. Save filing space and filing time, postage, supplies, and repairs.
- Enhance your calm.
a. Eliminate patients overhearing employees arguing with insurance
companies
b. Eliminate patient phone calls related to billing to free up phone lines
for patient care
What services are offered for The Medical Manager software?
As dealers for The Medical Manager software from 1983 through 1999, we are intimately familiar with all aspects of this software and billing. Practices using The Medical Manager have the option to utilize our professional billing department and IT services and support while realizing the benefits of their own software.
Your Practice Maintains Control
Our non-compete agreement with WebMD has expired and we are able to offer enhanced services for off-site billing for your own software. You can choose to use your own experienced billers or we will provide the expertise under exacting supervision for your practice Accounts Receivable. Either way, you save money on the cost of billing. Best of all, your office has real-time access to your own software just as if the server were located in your office, only without the headaches.
In Florida , there are special concerns with lightening and electrical power outages. InVantage Medical provides uninterrupted service and 24/7 support for its clients with a system of inversion battery powered service backed up with a 40 KW propane-powered generator. This insures that all our billing clients have computer server systems protected from electricity failure, regardless of where their practice is located.
How can InVantage Medical improve my business results?
- Better Management.
- Streamlined efficiencies get more done in less time
- Double checked data entry
- More personnel working your accounts
- Specialization to get the right person for the best results
- Motivated company that insists on excellent results every month
- 25 years of billing experience
How can InVantage Medical reduce costs associated with billing?
InVantage Medical has already invested in a proven system that is cost-effective for billing on a large scale. The InVantage Medical paperless system insures that nothing "falls through the cracks" and no paper is lost or misfiled. Our experienced staff produces results at a cost that many practices cannot duplicate. That's because the cost of billing is shared among many practices making it cost effective for one practice.
Invite us to your office for a full explanation of our service. Find out why we can do it better and do it for less than the cost for inside billing.
- You don't need to worry about your biller quitting and leaving you high and dry.
- You don't need to worry about retraining if your in-house biller leaves
- Your don't need to worry about the transition on problem accounts from one biller to the next
- You don't need to worry that a new biller will ask you to make an investment in the software that he or she uses.
- You will have more space, time and energy to treat patients.
- You will relieve your phone lines from billing questions to concentrate on patient care questions
- No one will be arguing with an insurance company on the phone where patients can overhear
- You will gain the expertise of the billing company's many years of service to your industry
- There will be no break in cash flow
- You will save many expenses associated with inside billing
a. Claim forms, patient statements, labels, paper, supplies
b. Postage
c. EOB and superbill storage is eliminated
d. Change space for billing department from cost center to income
producing space
e. Salaries, overtime, training, seminar expense, vacations, benefits
f. Hardware maintenance, repair, replacement
- Patient Account Management by a highly qualified professional team
- Your system of Practice Management is not altered
- No need to invest thousands into a new system
- No need to train your staff on a new and sometimes complicated system to stay up to date on billing
- Access your patient account information via your own computer
- You save money and time
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“Even though they (InVantage) started
mid-way through the month, the total
receipts of my practice for August 2001
exceeded my previous monthly average
by over 25%.
Three out of the next four months to the end of the year
we increased revenue an average of 20%”.
J. Murad Haid, M.D.
Elko Diagnostic Imaging |
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