3 Reasons why MBC RCM is better
01 Jun, 2017
• Improve Cash Flow • Eliminate Provider/Patient Financial Discussions • Reduce Internal Administrative Costs • Work Denials and Appeals • Reduce Billing Errors • Ensure Billing Compliance • Purchased Billing Accounts Receivable
At MBC our primary objective is to increase your revenue and reduce the number of denied and unpaid claims. For almost twenty years we have provided physicians with innovative solutions to improve their cash flow and maximize collections with no startup costs, investments in hardware or software and no hidden fees. What sets us apart from our competitors is our platinum customer service and dedicated billing and collections team. Our incentive-based pricing ensures we get paid when you get paid so why choose anyone else?
We want our providers to concentrate on practicing medicine. Let us
Maximize your reimbursement process and simplify your practice procedures with our advanced technology and approach to practice management.
Provides the data each client needs to strategize and plan for growth
Increases cash flow and stops the practice of routine denials
We bill a % of collections, so costs are aligned with performance
Drives faster reimbursement and fewer denied claims
“MBC has helped to improve my business 10 fold. From the technology they provide, the ease of training and use, to their great customer service, MBC is great! Bonuses look good for my staff this year.”
“MBC has saved my company a lot of money. With their streamlining processes and great customer service, they are invaluable to the future of my practice.”
If you have decided to hire a medical billing service for your practice, you now have a big decision to make—who will you choose to manage this crucial aspect of your business’s success? There are a lot of choices out there. This FAQ will help.
This is always the main thing on everyone’s mind. The rate should be under 8% of collected charges. A percentage is a better option than a flat rate—the percentage usually goes down as your collections go up. Also ask about start-up fees, termination fees, data conversion fees, and any other additional costs. Some companies charge extra for patient collections follow up and other services.
Have they worked with practices that are similar to yours in size, scope, and/or specialty? Do they have testimonials, or can you call someone directly for a reference?
Your billing data should belong to you, and you should be able to take it with you if you choose to change services or bring your billing in-house.
Are they certified? What type of ongoing training do they receive? Are they using the most up-to-date resources and guidebooks (i.e., CPT, HCPCS, etc.)?
Does the service, or its employees, maintain any professional affiliations such as HBMA?
Are they HIPAA compliant? What are their security protocols?
Can you meet (on the phone or in person) the actual people who will be working on your account?
How often will you receive reports showing the financial state of your business and the billing service’s progress. How will they communicate with you and how involved will you be in the billing processes?
In this day and age, most of the processes should be electronic from eligibility verification to remittances. They should also offer credit card processing and online bill pay for patients.
Don’t assume that a billing service will do everything or that everything is included in your rate. Ask up front and be sure you know if there are services that they don’t offer.
Get the latest information and news going on here at MBC and in the industry. The news section is mean’t to inform and educate and show that MBC uses it.
01 Jun, 2017
06 Jan, 2015
06 Jan, 2015
We put the needs of medical providers and their patients at the center of everything we do. Contact MBC today to learn more about our optimized, integrated solutions.