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Join a
billing network
- Aggregate volumes and resources
- Systematically discover payment violations
- Create economies of scale
- Centralize billing knowledge base
- Enforce processing quality standards
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Provider's dilemma: how to negotiate better contracts, monitor
payments, control follow up, and manage audit risk? |
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Face the payers alone
- Low claim volume
- Low transparency
- Low control
- Loose follow up
- Limited data analysis
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Special offer on the book Practicing Profitability: $20 rebate!
Apply for your rebate now!
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"...Insurers will pick out small inconsistencies and reject claims, delaying for weeks or months the payment the physician has earned. The approach outlined in this easy to read book explains how the doctor can level the playing field by equipping his or her practice with equally powerful software to match the insurers'. This results in enhanced profitability for the practice, hence the name of the book, Practicing Profitability. It should be required reading for anyone in private practice."
-Ted Gutowski, M.D.
Heart Specialists of Central Jersey
Robert Wood Johnson University Hospital |
| "Vericle
makes data analysis so intuitive and accessible that
we have begun dissecting our data ourselves. In one
case, we discovered that for years we used to write-off
A-codes, losing as much as 29.8% on every claim. Over
a decade, the lost differences would have added up
to hundreds of thousands of dollars. In just a few
months since hiring Billing Depot, our receivables
over 120 days shrank to below 5%."
Ted
Gutowski, M.D.,
Heart Specialists of Central Jersey in Manalapan and
Robert Wood Johnson
University Hospital, New Brunswick, New Jersey
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"Increasing complexity of medical billing creates opportunities for the payers to benefit at the expense of the providers. Endless claim denials, payment delays, and post-payment audits are all too-familiar symptoms of dilettante medical billing. Physicians require professional solutions."
Charles M. Moss, MD
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| "Billing
Depot expedites medical billing process four-fold
in comparison to national average, resulting in 57%
of insurance claims paid within the first two weeks.
Billing Depot helps the physician focus on patient
care, grow profitability, and continue practice development."
Zelik Frischer,
M.D.,
Clinical Professor at the Department of Urology at
Stony Brook University and
three-times named in New York Magazine survey of best
doctors in the
Metropolitan Area.
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"Billing Depot uniquely automates the entire revenue management cycle from patient scheduling, to coding compliance, billing, payment, and collections, to audit risk management, to appeal process. Billing Depot has demonstrated an unparalleled ability to increase an average physician's cash flow."
Charles M. Moss, MD
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| "Since
I have outsourced my billing to Billing Depot and
Vericle, my revenue from collections has been steadily
improving. I now have more time for my patients and
for building up my practice. Vericle allows me to
keep both my finger on the financial pulse of my practice
and my eye on the service."
Michael
Lewko, M.D.,
Chief Medical Officer,
Care Management at St. Joseph's Hospital and America's
Top Physician by
Consumer's Research Council of America, 2003,
Clifton, New Jersey
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| "With
integrated billing transparency, I see for myself
how Vericle leverages every opportunity to expedite
payments of healthcare insurance claims in a continuous
24 x 7 effort. It has enabled 27% revenue gain over
past billing process."
Doug Cassel, M.D.,
Director of Interventional Radiology,
Hoag Memorial Hospital, Newport Beach, California
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| "My
120-day A/R shrank to 4.9%, which translates to 15%
in added revenue."
Michael
McGinnis, M.D.,
Surgical Pathology Associates in Wrightstown and
Centrastate Medical Center in Freehold, New Jersey
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| "Billing
Depot pays enormous attention to every opportunity
to expedite payments. It has uniquely adapted standard
Wall Street technology for same day trade settlement
to healthcare insurance, resulting in dramatic reductions
of A/R, reduced technology costs, and new revenue
recovery for the clients."
-Bob
Ettl, Managing Director and Chief Technology Officer
of Allianz Asset Management, Newport Beach, California.
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| "Vericle
not only expedites the identification of a mismatch
between diagnosis and procedure on an individual claim,
but also provides specific Medicare documentation
to help problem resolution as well as complete analysis
to measure the extent of the problem. The insurers
have fewer reasons to deny our claims and, in fact,
over 90% of our claims are paid within 45 days."
Vivian
Kominos, M.D.,
Heart Specialists of Central Jersey in Manalapan and
Centrastate Medical
Center in Freehold, New Jersey
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"Our
partnership reduces the financial risk of medical
practice, improves its cash flow, and allows the physician
to focus on caring for patients. Billing Depot manages
the entire revenue cycle from a single point of control,
providing continuous online reporting. It empowers
the CPA to log on to a client's account and view relevant
tax information in real time. For CPAs, this means
improved tax planning."
-Andrew
Schwartz, CPA, founder and editor of the MDTAXES network. |
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