Billing and Collections

Accounts receivable is an asset only if it can be collected. It may be 10 to 12 months before stagnant accounts receivable would affect practice income. Physician 1 can help prevent the problem from going that far. We carefully monitor the accounts receivable to minimize deterioration in the "quality" of accounts receivable. By the time a practice becomes concerned about decreasing revenue, it is often due to unrealized transactions a year prior to the discovery. As well, If outsourcing is not a good option for your practice, Physician 1 provides training to educate your staff on how to effectively accomplish all of the benefits below.

Benefits of Physician 1 Billing and Collections Solutions

• Claims filed promptly
• Claims coded promptly and correctly
• Eliminate billing-related software costs
• Eliminate dependency on a single employee or limited office staff
• Improve revenue
• Reduce accounts receivable
• Prompt follow-up on patient balances
• Manage patient inquiries
• Post payments and monitor reimbursement
• Provide meaningful customized reports
• Accountability for financial performance
• Provide HIPAA compliant interface