One of the hottest macro trends in the healthcare industry is that of savvy medical practices partnering with technology companies to maximize their practices’ collections. Doctors have spearheaded this move, but now physical therapy clinics are getting on board in increasing numbers. This is happening because more and more clinic owners are asking/pondering the following questions:
- What will I do when…my biller’s spouse takes a job in another city and takes my biller away?
- What will I do when…my biller takes a job at the hospital or with a local doctor because both of them can afford to pay more?
- What will I do when…my biller gets sick, takes a long-awaited vacation or needs to take a leave of absence for any number of reasons?
- What will I do when… my biller simply does not have the time or experience to keep up with the myriad of payer/regulatory changes that occur in our industry every month?
“Continuity” of billing personnel is a very important issue – one that weighs heavily on your mind because the abrupt departure of your biller can definitely threaten the financial stability of your business. And, keep in mind, it is probably a question of when, not if this will happen! So, in light of these realities, wouldn’t you like to work with a company that employs a Wouldn’t you like to work with a company that maximizes collections and does it in 25 days instead of the industry average of 55 to 60 days?complete staff of billing professionals and collections specialists and benefit from a back office that processes over 10,000 claims per day? Wouldn’t you like to work with a company that uses sophisticated technology to offset the technology used by payers to figure out ever-changing ways not to pay you? If your answer is “Yes”, Systems4PT™ is that company. Systems4PT™ provides the “continuity” that lets you sleep at night.
Systems4PT™ can afford to hire the specialists and provide the staffing redundancies necessary to secure your collections and , thus, your cash flow.
We typically collect 8 to 10 percent more per claim than in-house billing staffs and we do it in less than half the time (i.e. you get more cash and you get it in 25 days instead of the industry average of 55 to 60 days).
We use sophisticated algorithms to analyze your accounts receivable and proactively take the steps to deal with the “rule changes” approach payers use to avoid reimbursing you the appropriate amount in an acceptable number of days.
In summary, Systems4PT™ is uniquely qualified to perform the billing and collections for your clinic. Let us do the dirty work, while you focus on clinical excellence, improve the lives of your patients and grow your practice.