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Billing Depot is the only comprehensive service combining specialized processes, personnel, and technology to help you grow your practice, get paid in full, and keep your money. Our pricing policy reduces physician’s risks and maximizes value. Since the service is already pre-configured for your office, it can be started immediately, avoiding system integration pains and associated costs.
Billing Depot delivers each of the three key service components for a monthly fee. There are no setup or termination fees for audit exposure monitoring or compliance management, billing service, or access to comprehensive practice management technology.
A. Billing Service: No set up fee for billing services. An all-inclusive percentage of monthly collections covers the entire billing process, including payment posting, aggressive followup, and reporting.
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No extra followup fee. |
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No extra appeal fee. |
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No extra fee for 24 x 7 reporting of AR, cash flow, reconciliations. |
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No extra fee for payment posting. |
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No extra enrollment fee. |
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No fee for cash payments collected in the office. |
B. Comprehensive Practice Management Technology. No set up fees for technology. An all-inclusive fee of $349 per physician per month and $0.99 per claim processing charge cover all data center services.
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No extra backup fees. Backups performed on 5-15 minute intervals and stored in two separate HIPAA-compliant data centers. |
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No extra document imaging fees. Patient medical data, x-ray images, check images, faxed documents, etc. all stored digitally and retrieved within seconds, regardless of quantity. |
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No extra module fees for online services, including full-featured Appointment Scheduler, Patient Eligibility Verification, SOAP notes (EMR), Superbill, comprehensive reporting, claim validation (CCI+LMRP), digital claim submission, and digital posting of electronic remittance advise (ERA). |
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No extra charge for superbill customization, clearinghouse interfaces, software support, updates, user configurable access permissions. |
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No extra charge for future technology upgrades and feature additions. |
C. Post-Payment Audit Risk and Compliance Management: No set up fee for compliance services. An all-inclusive fee of 0.5% of monthly collections covers continuous audit pattern monitoring, warning generation to workbench, and monthly review by Labady and Randolph, LLC for possible audit exposure.
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No extra fees for phone or email consultation on billing or coding compliance. |
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No extra fees for first consultation upon post-payment audit notice regardless of time. |
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No extra charge for superbill customization, clearinghouse interfaces, software support, updates, user configurable access permissions. |
Contact Billing Depot for Comprehensive Billing Service
Selection Criteria List or just fill out
this
form.
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pay nothing until you
get paid |
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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."
Dr. Zelik Frischer,
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. |
| "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."
Dr.
Michael Lewko, 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."
Dr. Doug Cassel,
Director of Interventional Radiology, Hoag Memorial
Hospital, Newport Beach California |
"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 |
| "I
love Billing Depot’s personal touch. I can review
my insurance claims and overall billing status and
reach my account rep any time to get my questions
answered. My new billing performance speaks for itself."
-Dr.
Brian Capra, Director, Advanced Chiropractic &
Wellness, Monmouth Junction, 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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