Medical Group Services PROVEN HEALTHCARE SERVICE SOLUTIONS Synchronizing
- Slides: 25
Medical Group Services PROVEN HEALTHCARE SERVICE SOLUTIONS
Synchronizing the world of Healthcare
Total Solution for Practice Management & EMR
Solutions • Revenue Cycle Management (RCM) • Practice Management Systems: Allscripts Misys Tiger & Optum Caretracker • Electronic Medical Records • Mobile Charge Capture • Document Management • Software Time Share Available
Practice Management Software • • Delivered over the Internet Electronic submissions and remits 24 hour access Full billing and collection capability HIPAA Compliant Hosted in secure offsite data facility Excellent customer support
Electronic Medical Records • Seamless HL 7 interface available with our practice management systems • CCHIT certified, meets meaningful use • E-prescribing available • Enhances provider productivity and efficiency • Partnership with Allscripts & Caretracker
Mobile Charge Capture • Interfaces with Allscripts & Caretracker • All data exchange secured • Excellent for hospital & skilled nursing physician services • Operates on smart devices • Accelerates reimbursement • Partnership with p. MDsoft
Document Management • Web based, user friendly, quick searches • All data secured and stored at an offsite secured facility • Eliminate paper files • Highly efficient
RCM Services • Same management team for 18 years • Ranked among top 10% of RCM companies nationwide • Consistently performs at levels superior to industry standards • All specialties and stand alone facilities • Coding, billing, A/R Management experience across all payers
The Total Solution • Increases revenue and profitability • Stabilize cash flow and/or improve cash management • Minimizes government audits • Reduces / eliminates software expense • Reallocate billing department space • ICD 10 Ready
Increases Revenue • Professional billers and certified coders maximizes reimbursement • Reduces days in A/R • Reduces salary and benefits expense • Substantially increases revenue without increasing patient encounters
Accelerate Cash Flows • Claims & payment electronically transmitted daily • More accurate first time billing • Appropriate coding for all services rendered • Average days in A/R are reduced • Timely claims follow-up • Timely resolution of denials and appeals
FAQs
Why outsource? • Increases and maximizes billing revenue • Professional certified coders and billing experts to insure compliance with regular and timely payments • Practices outsourcing billing and collections do experience a reduction in expenses
Respondents to MGMA survey noted that the use of a billing company achieved the following results: • • • Days in AR reduced by 72. 7% Improved collection rate by 72. 7% Lost or denied claims decreased by 59. 1% Staff productivity has increased by 45. 5% Better understanding of practice financial and physicians performance Source: Medical Group Management Assoc. July 2008 Study
Why should I choose MGSI as my billing and collection company? • Over 1. 5 billion dollars collected • A/R collection cycle substantially better than the national average • 22 years of Service • Multi-specialty experience • HIPAA Compliant • Certified Coders • Experienced Staff that is continuously educated on latest reimbursement changes
What are the other benefits? • We remove the burden of the billing departments turnover, training, continuing education, supervision and fluctuations in the volume of work • Removes the practice from the Information Technology chase as MGSI provides the practice with the latest Practice Management Systems • Frees up Administrative Staff time allowing the practice to run even more efficiently • Servers located off in secured off site data center
Is my data secure? • Access is secured & tested annually to meet Omnibus / PHI requirements • Our servers are located in a Tier IV data center • Daily / monthly backups are encrypted and stored offsite
Case Studies
Medical Group Services, LLC 2810 West St. Isabel Street Suite 201 Tampa, Florida 33607 Toll Free: 1 877 896 6474 info@mgsionline. com
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