FPS Medical Billing’s practice management and revenue cycle management services can simplify and improve the workflow of your practice, freeing you from the administrative day-to-day processes so you can focus on patient care. Our full spectrum of advisory services are based on research-driven insights, unparalleled industry knowledge, firsthand experience and excellent professional skills. We have an incredible network of resources that we will use to help you meet your objectives in today’s competitive and evolving health care marketplace.
- Practice Assessment and Management, including staffing, workflow and operations.
- Financial Analysis and Services, including revenue cycle management and physician compensation.
- Managed Care Contract Evaluations, including a complete review of your insurance contracts, strategy development, marketing plans, and contract negotiations to maximize reimbursement.
Is there room for improvement in your practice? Do you want focus on treating patients, and leave the complication of practice or revenue management to us?
Practice Assessment and Management
FPS Medical Billing can help you improve your monetary productivity, simplify the complexities of billing and coding, organize your record keeping, market your practice, and educate and/or manage your office staff. To get started, we conduct a comprehensive business assessment to review all aspects of your medical practice management, including accounts receivable management, physician billing services and insurance claim filing, and staffing. Then, we craft a strategy to move forward.
Our solutions focus on producing a timely return on investment through methods that:
- Streamline patient flow
- Increase productivity
- Build physician harmony
- Improve front desk operations
- Simplify scheduling and registration
- Ensure policies and procedures are followed through correctly
- Make the best of space and staffing
A step above the rest
While we are managing your practice, we will be in constant communication with you and/or your staff. You can expect on-site visits from the FPS team as well as emails and phone calls. During discussions, we will set and monitor the progress of priorities and goals. Your practice will have easy access to financial, administrative and clerical info. Most importantly, the overall operation of your practice will be greatly improved, leaving you free to concentrate on patient care.
Financial Analysis and Services
FPS Medical Billing’s health care and physician revenue cycle management services will capture lost revenue, decrease costs and contribute to workflow improvement.
Following a thorough financial review of your practice, including coding, fee schedule, and reimbursement analysis, we will present you with a solid plan for financial improvement, including streamlined billing and claims processing and accelerated cash collection. If appropriate, these services include an integrated approach to physician compensation planning, which encompasses base salaries, capitation-based pay, incentives for productivity, medical management, and financial performance.
Expect a timely return on investment as we work quickly and seamlessly to improve cash flow and capture lost revenue.
State-of-the-art software ensures all of your practice’s financial information will readily available to you at all times. Financial reporting options include month end, payment lag, payer mix; audit reports to monitor coding patterns, identify credit balances owed to insurance companies; aged accounts receivable reports by patient or responsible party; summaries of the charges, payments and adjustments for your group; patient statements, current and historical journals; physician EMR expiration reports, and more.