John A. Froemke

JAF LLC

P.O. Box 5396

Vernon Hills, IL 60061-5396

800-999-4664

 

JAFroemke@cs.com

http://www.eobanalysis.com/jaf/

 

 

JAF is proud to represent MedQuest for: Insurance Company Estimate of Benefits (EOB) reviews for Physician, Imaging Center, Bank and Attorney Auditing services and Billing Services.

 

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MedQuest Services are DIFFERENT from other service entities.

 

We focus on:

Therefore:

 

Features:

 

EOB analysis (Full or Lite)

  1. Clinic diagnostic process to identify issues resulting in rejections and denials of medical claims.
  2. Provides the basis to implement solutions to the claim problems

 

Medical Billing Management:

  1. Claim Editing
  2. Electronic claim filing
  3. Posting of results
  4. Follow-up of problem claims
  5. Accurate and extensive reporting of activities
  6. Fees are based on results not “billing attempts”

 

Lock Box Program:

  1. Billing address is established as a Lock Box address
  2. Funds deposited by lock box into clinic account
  3. Security of funds

 

Medical Billing funding service:

  1. A valuation can be placed on each week’s batch of medical claims for loan purposes if your bank will make an asset based loan.
  2. Special reports are provided to a bank for revolving credit lines and or factoring

 

Medical Receivables valuation service:

  1. Accurate valuation of AR value to the balance sheet of a medical practice
  2. Assists in accurately valuing the practice for sale or partnering

 

Benefits:

 

EOB Analysis:

  1. Accurate measurement of billing efficiency
  2. Process flow documentation … before improvements
  3. Debrief analysis report defines opportunity for process improvement
  4. Debrief analysis report estimates lost revenues historically… translates to revenue capture opportunity

 

Medical Billing management service:

  1. Professional third party software driven by knowledgeable medical billing experts
  2. Focus is to improve the billing process and therefore dollars collected
  3. Frees up staffing in the client entity
  4. Increases ROI on billing activity by an average of 20% per year.

 

Medical Billing funding service – As an adjunct to the medical billing management service:

  1. Medical receivables become a measurable asset
  2. This asset can then be used by a financial institution as collateral for an open line of credit
  3. Cash flow of the client entity is enhanced in conjunction with actual collections efficiency

 

Medical Receivables valuation service:

  1. Accurate valuation of AR value to the balance sheet of a medical practice
  2. Assists in accurately valuing the practice for sale or acquisition.
  3. Comparison to “competition”:
  4. Proprietary software
  5. Knowledgeable trained staff
  6. Detailed reporting accepted and valued by financial institutions
  7. Financial institutions can loan based on the ERV valuation provided by MedQuest
  8. Audit tight documentation and the MQ process used by a financial institution will protect AR from litigation

 

 

Thank you for your interest, feel free to call or e-mail me anytime.