Programs to Help You Prosper
Volume Generation
In order to provide the best service and be profitable, volumes matter. Reimbursements, now more than ever, are based on a high utilization rate; therefore, you must be proactive in generating volume because it allows you to invest in better service. Normal means of advertising, while still somewhat useful, are common and expensive with minimal ROI. MIS has developed proprietary, targeted programs that are uncommon and effective. These programs lead to:
- Improved relationships with referring physicians and their staffs
- Identifying and procuring key referral accounts
- Better patient satisfaction and communication
- Increased volumes and programs that are specific to patients and their families
- Enhanced relationships between radiologists, administration, and owners
- Understanding of your competitive landscape in real-time so you can plan to maintain your identity and status
To learn more about this program, we have provided you with a volume generation case study, volume generation testimonial, and our contact us information.
- Targeted Marketing
- Coaching/Education
- On-site help/representation
Collection Maximization
The main question to ask your practice is, “Are you satisfied with your billing solution’s ROI to date?” Our work has shown that practices are losing between 3.5% to 18% of collections.
For several years now, radiology physician practices have struggled with the decision of how to bill for their services. The two common methods make use of either an In-House operation or through the use of Outsourcing to a third party billing company.
Both solutions have their respective positive and negative consequences to the practice’s viability, financial stability and reputation.
MIS utilizes an approach that blends the best of both solutions, enabling the practice to retain the maximum amount of revenue that the practice is due.
Our Collection Maximization approach allows the physician practice to have more control over the billing operation by employing a knowledgeable billing resource on-site that manages the MIS billing resources that are off-site. This model helps ensure that all charges, not just big ticket items, are accounted for and pursued as part of collections. Think checks and balances.
The effects of having the autonomy and capability to pursue collections on all charges, means that we are helping you collect every cent that your practice is due for the work it has performed. Our structure ensures accountability and responsibility on both parties through clearly-defined roles and concurrent monitoring of key performance indicators and metrics.
The consequence of not having any control or responsibility in the billing domain of your practice means that you will almost always lose money for work that your practice has performed. Traditional billing companies and in-house billing departments just aren’t incentivized to collect every cent that your practice is owed.
If you are currently outsourcing your practice billing and have limited visibility to the key metrics and the success ratios for collections of payment due to your practice, our approach ensures a higher ROI for your practice by incentivizing both your practice and MIS to collect maximum revenue for your practice.
The value is more efficient, productive billing practices produce an identity of trust with your patients. The main question to ask your practice is, “Are you satisfied with your billing solution’s ROI to date?” If the answer is no, or even maybe, perhaps it’s time to consider a different approach.
Collections Maximization provides our clients with real time billing information that enables complete analysis of the accounts receivable, tools to monitor all components of the RCM process, and maximum control. Our services include:
- Revenue optimization
- Revenue Cycle Management
- Pre-collections/Collections
