Revenue Cycle Management
Patient Care...
Not Paper Work
Revenue Cycle Management and claims processing are the financial foundations of any medical practice but you want to spend your time on matters related to patient care – not paperwork. FPS has earned the trust and confidence of our clients during our 50 years in business and we will work hard to earn yours too.
Along with running a practice come administrative procedures and regulatory requirements that must be followed. When FPS manages your billing and claims processing, we ensure compliance, accuracy and a reduction in days outstanding for your accounts receivable. With FPS’ expertise your practice will be more efficient and your staff more productive.
Be sure to check out our other pages on Credentialing and Practice Management.
Services Include
Access to our cloud based/dashboard driven Practice Management platform.
Scheduling
Our easy-to-use scheduling system features a customizable visual display. This includes a daily/weekly/monthly planner, daily encounters, recalls and appointment confirmations.
Eligibility
Real time patient verification of insurance benefits.
Charge Capture
Work can be delivered via various methods. Online charge entry, uploading to our portal as well real time interfaces. This allows claims to be processed in a timely and efficient manner.
Electronic Claim Submission and Management
Claims submitted electronically will increase reimbursement and eliminate delays. Our electronic editing system allows for a clean claim and reduces denials.
Physician Practice and Revenue Cycle Management
FPS follows up with individuals and insurance companies in a timely manner to resolve outstanding balances.
Payment Processing
Electronic Remittance Advice (ERA) with claim information and Electronic Funds Transfers expedite the payment process.
Patient Billing
Statements are sent directly to your patients to collect any outstanding balances. We accept Payments through or secure portal for credit cards. Our staff is also available to speak directly to patients regarding their invoice.
Reporting
Data driven analytics provide a unique perspective into each practice. We provide on-demand customizable reports to fit your needs.
Electronic Claims Processing and Management
FPS’s electronic medical claims processing and management software increases efficiency and reduces errors.
Our software platform pre-scrubs each claim, checking for accuracy and giving us the opportunity to correct any errors. Once the claim has been cleared it is sent out for processing.
Utilizing our billing platform and integrated technology will reduce or eliminate the rejection of claims. This allows for timely adjudication, resulting in improved cash flow.
Physician Practice and Revenue Cycle Management
We recognize that timely resolution of accounts receivable is critical to all healthcare providers.
FPS monitors the status of claims, follows up with insurance carriers and works to ensure that claims are processed in a timely manner. Our goal is to reduce the number of unpaid claims in your Accounts Receivable.
In cases of patient hardship or any situation that requires discretion FPS will defer back to the practice for instructions on how to proceed. Protecting your patient relationships is of paramount importance.
Reporting
Analytics play a crucial role in the current healthcare environment. FPS clients can take advantage of a wide variety of reporting options to track practice information.
Reporting categories include:
- Productivity
- Scheduling
- Patient
- Clinical
- Financial
- CQM
- RVU
- Custom reports via Tableau
Electronic Health and Medical Records
Medicare and Medicaid Electronic Health Records (EHR) Incentive Programs provide financial incentives to eligible medical providers who adopt, implement, upgrade and demonstrate “meaningful use” of certified EHR technology.
FPS Medical Billing supports meaningful use of EHR and Electronic Medical Records (EMR) for our clients. Our EHR/EMR specialists will fully train your staff and provide a detailed review of the incentive program requirements.
These incentive programs are designed to support healthcare professionals in this period of health technology transition and instill the use of EHRs in meaningful ways to improve the quality, safety, and efficiency of patient health care in your practice.
By putting into action and meaningfully using an EHR/EMR system, you will reap benefits beyond financial incentives – such as reduction in errors, availability of records and data, reminders and alerts, clinical decision support and e-prescribing/refill automation.