| A critical component of any business is billing and collection services. MPM has retained a highly experienced staff that utilizes the latest in practice management software technology to optimize the overall financial performance of your organization.
Our services include claims submission, verifying eligibility, payment posting, follow-up on denials, customer service for billing inquiries, and more. We will assist your practice see increased collection rates through enhanced reimbursement management processes for each provider. With MPM, your claims go out within hours of receipt, allowing you to get paid faster. We work closely with the front desk to educate and prevent errors on the front end, increasing efficiency and effectiveness of the entire billing process.
In addition to the aforementioned medical billing services, we also offer the following:
Contract Analysis and Review
A review of your new and existing contracts will reveal the level of compliance being maintained by the various contracted payors as well as provide a foundation for future negotiations. Many times payors will not reimburse providers at contracted rates but these transactions may go undetected with sub-par software or understaffed practices.
Fee Schedule Analysis
Each practice should review the current fee schedule on an annual basis to assure that the appropriate fees per code are set to maximize reimbursement. Setting fees based on existing contracted rates will enable a practice to meet this goal and ensure there is not revenue lost from charges being too low or patient charges without insurance are being inflated.
Access to the Best Practice Management and EMR Solutions
MPM provides a solution that enables a practice to utilize the best software without a high front-end capital expenditure. This will enable physicians to access the Stimulus Package funds that are scheduled to be provided to those providers who have had a fully functional EMR for at least a year.
Financial Policy and Procedure Manual Education
Consistent policies and procedures will be utilized to assure certain variability is deleted and financial results are enhanced
Coding
Coding incorrectly is a common billing problem found in many practices. MPM has coding specialists that can keep your practice apprised of changes to coding rules and regulations in order to assure compliance and reimbursement is maximized. The Office of the Inspector General strictly checks for and enforces action on fraud and abuse in health care facilities and our coding specialists protect practices from unnecessary fines.
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Education
Coding education for physicians and their staff is critical and we provide these services in several formats. We can provide all types of education from a classroom setting to “shadowing” providers to maximize their exposure to the correct coding methodologies.
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Medical Chart Reviews
We can provide routine reviews in order to provide physicians with updates on error percentages and levels of improvement.
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