2. Revenue Cycle Management
Challenges you may face while managing the revenue cycle process?
Low level of collections and large accounts receivable backlogs
Retention and management of billing staff
Rising costs of administration and processing services
Lack of qualified personnel and billing resources
Increasing need for IT capital expenditures
Difficulty keeping up with ever-changing claims processing procedures
Lack of follow through on low value claims and with insurance companies on
Credentials, payment, etc.
Distraction from core business objectives
3. Our RCM Offerings:
Secondary insurance billing Patient
Eligibility and benefits verification
statement processing and mailing
Authorization request and tracking
Patient pre-collections processes
patient registration Charge entry
Credit balance reconciliation AR
Medical coding Payment posting
analysis and management–policy
Electronic remittance posting
development Denial review and
(exceptions) Submission of paper and
management insurance and patient
electronic claims Manage
follow-up and collections Appeal of all
clearinghouse and payer rejections
denied or underpaid claims Return
mail processing
Denial review and management
Insurance and patient follow-up Medical record reviews Coding audits
Appeal of all denied or underpaid provider enrollment and contracting
claims Return mail processing Customized management reports Old
Daily/Monthly close Fee schedule accounts receivable clean-up
review and analysis
4. Benefits Of our Solution
48 hour turn around time for claim submissions and cash postings
Prompt follow up on every account before 30 days aging
Greater than 95% accuracy with fewer denials
Dedicated account manager and detailed monthly MIS reporting
Up to 40% reduction in operating costs and up to 20% increase in revenue
Faster collection cycle
Decreased accounts receivable days
Decreased financial delays
Improved cash flow
Improved document and data integrity
Highly experienced billing resources
Proactive approach to medical billing
Eliminates employee retention and training headache
5. Overview of Physician Billing Services
1. Physician Billing Services, a subsidiary of a large national billing
company, provides end-to-end business solutions for U.S. healthcare providers.
2. PBS has a strong horizontal focus with its medical billing, medical
coding, hospital revenue cycle management, collection & EHR solutions.
3. We have a solid team of certified billers & coders and account managers who
possess extensive expertise in billing and coding services across several
specialties.
4. PBS has been serving 1500 physicians, and deals with 14 different specialties.
6. Partnership Program Key Highlights
PBS is looking for partnership opportunities with consulting groups. In this
partnership program, PBS will serve as a partner for providing the medical
billing, medical coding, collections and revenue cycle management services to
the clients of the consulting group.
7. Benefits by Partnering with PBS:
1. You can expand your service portfolio to all the services we provide.
2. PBS will act as a back end service provider while you will continue
to be the front end provider for your clients.
3. You get PBS Sales team support for closing sale cycle for the services
provided by PBS.
4. You Get Listed on PBS website as our partner for the services you
provide.
5. You Earn Lucrative % commission on the invoice amount for the
referred accounts.
8. To be a PBS partner you need to:
1. List us on your website as your partner for revenue cycle management
services.
2. Introduce PBS to your clients for the services it provides via
mailers, newsletters.
3. Provide Referrals for the services we provide
9. Contact Us
Physician Billing Services Inc.
1300 Iroquois Drive, Suite 205,
Naperville, Illinois 60563.
Phone : 877-204-6225
Fax : 877-204-6236
Web : http://www.pbills.com/
