Orthopedic Practices Choose Medicalbillersandcoders.com’s Orthopedic Billing Solutions for Their Cash Flow Problems!
WILMINGTON, Delaware, March 26, 2013 /PRNewswire/ –
Orthopedic billers at medicalbillersandcoders.com
[http://www.medicalbillersandcoders.com ] have been glad to offer their expertise as
various orthopedic physicians and surgeons across US turn towards MBC to resolve their
cash flow problems in today’s challenging billing scenario.
These physicians struggling with a varied mix of payers and encountering cash problems
in terms of large amount of revenue left outstanding due to uncollected receivables; are
now relieved to have found a solution by opting for MBC’s orthopedic billing
[http://www.medicalbillersandcoders.com/0-0-orthopedic-medical-billing.html ] solutions.
Identifying cash flow problems associated with orthopedic physicians & surgeons
Increasing number of Orthopedic set-ups today are facing serious cash flow issues due
to confusion along with time and effort associated with dealing with a varied payer mix
comprising of – Medicare, Medicaid, Private health insurance, Workers compensation and
personal injury liens/lop.
The cash flow problems at orthopedic practice set-ups can additionally be attributed
- Increased practice costs and reduced payments - Increased denials and AR days - Increasing patient demands & changing technology - Regulatory intervention and changes
Orthopedic billing experts at MBC while billing for our orthopedic clients have
observed that one major problem facing orthopedic surgery centers is that “as these
centers normally have only 1 billing specialist, the center inevitably faces the issue of
meeting the billable target, finding a replacement, or training the person to the billing
system hence resulting in major disruption to the cash flow. ”
Urgency to improve cash flows now – orthopedic billing future
MBC’s billing experts are of the view that large number of orthopedic surgeons and
physicians both are looking for strategic and new ways to generate working capital and
improve their bottom line are turning to orthopedic billing specialists. This trend has
set in particularly as they foresee an increased shortage of time with the predicted
shortage and increasing demand -
- With orthopedic surgery jobs expected to grow faster than average even in 2014, BLS predicts continued growth for surgery jobs particularly in rural areas - By 2020- 33% of today's orthopedic surgeons & physicians are expected to retire - Aging population will attract higher incidence of musculoskeletal conditions that occur with aging - Rural areas could run into a problem of attracting orthopedic physicians in the face of increasing demand due to an aging population - Uncertainty due to the upcoming healthcare reforms and its effect on reimbursement rates from Medicare
How MBC is making a difference to orthopedicsurgeons & physicians?
Our orthopedic billing service manages your entire billing cycle ensuring as less as
possible disruption your cash flow by looking into issues like – unpaid claims linked to a
specific payer, payer denial patterns, and slow paying payers and so on. Our billing
services also help our clients alleviate issues like cash flow stoppage due to staff
issues as we can solely concentrate on training staff to handle large volumes of claims.
Our orthopedic partners have been able to see a growth in their cash flows as our
experts constantly updated with reforms deftly deal with their varied payer mix. The
following successes are proof of the great relationship and synergy we’ve developed with
- Regularly achieve monthly and annual cash collection goals - Average MBC clients' accounts receivable days are in the range of 18 days, mostly below the industry average - Improved daily working capital & financial growth of the practice - Quicker payments and increased revenue from claims
Orthopedic surgeons and physicians who have partnered with MBC for their medical
billing needs are now experiencing the advantage of utilizing their time usually spent on
worrying about medical billing completely invested in the enhancing patient care.
According to most of them as patient interaction and practice management has taken
precedence over medical billing activities their cash flow too has fallen into place.
Medicalbillersandcoders.com is the largest ‘Consortium of Medical Billers and Coders,’
across the US. The portal brings together hundreds of billers, with experience in
different specialties ( Cardiology Billing
Urology Billing [http://www.medicalbillersandcoders.com/0-0-urology-medical-billing.html
], Dermatology Billing
[http://www.medicalbillersandcoders.com/0-0-anesthesiology-medical-billing.html ], OB/GYN
Billing [http://www.medicalbillersandcoders.com/0-0-obgyn-medical-billing.html ], ), on
the same platform to service physicians in their local areas. This network of coders and
billers is growing rapidly and is currently servicing over 50 specialty physicians, across
Tags: Medical Billing Services [http://www.medicalbillersandcoders.com ], California
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Medical Billing [http://www.medicalbillersandcoders.com/0-newyork-0-medical-billing.html ]
Contact: Prerna Gupta, Media Relations 108 West, 13th street, Wilmington, DE 19801 Tel: +1-888-357-3226 Email: email@example.com Medicalbillersandcoders.com Medical Billing Blog [http://www.medicalbillersandcodersblog.com ]