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.
.
MedQuest Services are DIFFERENT from other service entities.
We
focus on:
- Collections not write offs of your
billings
- Process flow and improvement to
improve results and productivity
Therefore:
- Collections are fine tuned to
allow the results that your business is due.
- Medical receivables become
measurable assets generating cash flow
- Medical receivables become
protected from litigation in favor of your financial institution
- Automated processes create
improved productivity with back office staff and
- an opportunity for staffing
reallocations to focus on patient care.
Features:
EOB
analysis (Full or Lite)
- Clinic diagnostic process to
identify issues resulting in rejections and denials of medical claims.
- Provides the basis to implement
solutions to the claim problems
Medical
Billing Management:
- Claim Editing
- Electronic claim filing
- Posting of results
- Follow-up of problem claims
- Accurate and extensive
reporting of activities
- Fees are based on results not
“billing attempts”
Lock Box
Program:
- Billing address is established
as a Lock Box address
- Funds deposited by lock box
into clinic account
- Security of funds
Medical
Billing funding service:
- 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.
- Special reports are provided to
a bank for revolving credit lines and or factoring
Medical
Receivables valuation service:
- Accurate valuation of AR value
to the balance sheet of a medical practice
- Assists in accurately valuing
the practice for sale or partnering
Benefits:
EOB
Analysis:
- Accurate measurement of billing
efficiency
- Process flow documentation …
before improvements
- Debrief analysis report defines
opportunity for process improvement
- Debrief analysis report
estimates lost revenues historically… translates to revenue capture
opportunity
Medical
Billing management service:
- Professional third party
software driven by knowledgeable medical billing experts
- Focus is to improve the billing
process and therefore dollars collected
- Frees up staffing in the client
entity
- 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:
- Medical receivables become a
measurable asset
- This asset can then be used by
a financial institution as collateral for an open line of credit
- Cash flow of the client entity
is enhanced in conjunction with actual collections efficiency
Medical
Receivables valuation service:
- Accurate valuation of AR value
to the balance sheet of a medical practice
- Assists in accurately valuing
the practice for sale or acquisition.
- Comparison to “competition”:
- Proprietary software
- Knowledgeable trained staff
- Detailed reporting accepted and
valued by financial institutions
- Financial institutions can loan
based on the ERV valuation provided by MedQuest
- 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.