If you feel the insurance companies should keep your money, don’t read any further. . .
If you are like many offices you have thousands of dollars in Insurance Accounts Receivables (A/R). This issue has become a major headache across the medical community. Most billing companies do not have the skill set, and frankly don’t want to put the effort into collecting aged Insurance A/R because it’s very tedious and time consuming.
We can help minimize your loss.
With bulldog tenacity one of our specialists collected over $1 million for ER Room charges that were previously being written off. All because of her dogged determination to find 5 little words in the Medi-Cal Billing Manual that would get those claims paid. And, this prevented future loss of revenue for the hospital! That is the kind of tenacity we can put to work for you!
Our “WOW Report” has the answers:
MedXPrime Revenue Recovery is known as “mr2” as a means to express that we always strive to deliver our services to the highest power. We go to the greatest lengths and expend our greatest efforts, multiplying our resources to ensure our clients’ full satisfaction. These are not mere words; we have developed this as a culture within the MedXPrime family of services since the inception of our company.
Humbly… she brings experience that is hard to match!
Our team’s expertise includes:
Why do most medical billing companies choose not to focus on insurance A/R?
It is extremely time intensive and complex; very few billing companies have the knowledge and expertise available to analyze and recover the unpaid A/R. This is a major differentiator between MedXPrime Revenue Recovery and other companies.
A recent study by the American Medical Association found that medical practices spend almost $15,000 annually on phone calls, investigative work, and claims appeals associated with reworking claims, only to be unsuccessful in maintaining satisfactory collections. This is in addition to the millions of dollars left on the table every single year due to under-reimbursement.
Why are we so successful in collecting on old claims?
We understand the issues that cause denials:
mr2 has a solid understanding of corrective actions to take regardless of the denial reason given. Our history (collecting $200 million on a $360 million project) and expertise in this area are what set us apart from the competition.
We not only collect on old claims but the information we share tremendously helps our clients in reducing denials in the future.
WOW Report: Initial sample no-cost analysis of your Accounts Receivable
The “Wow Report” is a no-cost detailed sample analysis of aged accounts receivable that causes doctors to say “WOW” continually as we review it with them on our follow-up online presentation. This analysis is delivered to the doctor within 48 hours after we get the green light to prepare the report. The first call to explain the “WOW Report” typically takes 15 minutes. Then during the follow-up online review, we share information that frankly has not been shared with the doctor by their current biller. We often hear multiple “WOWS” during the review from the doctor; hence, we coined the phrase, “WOW Report”.
We’ll tell you exactly why your claims are unpaid and precisely what needs to be done to correct the claims to try to get you paid. This is a very costly investment of our time and resources that we happily provide to you to earn your confidence and trust in our capabilities.
We’ll show you things that your current billing staff or billing company haven’t shared with you. You will learn if your people are doing a good job or, more importantly, you will know if they’re not.
Easy Preparation for the “WOW Report”… We ask for a simple Detailed Aged Accounts Receivable report, along with the claims information either in the form of a Patient Demographic report or copies of the claim forms to give us the necessary claim information. We will also need the Physicians’ Tax ID numbers, NPIs and Medicare PTAN (if you bill Medicare).
U.S. Based Pros . Many companies outsource to companies overseas where much of the work is done by inexperienced personnel. We take pride in being a 100% US based company with all personnel located in America. When you call us, you can feel comfortable knowing you are speaking with a highly skilled representative right here in the USA.