Why I Won't Outsource Medical Billing (Part 2)

Download the pdf here!

Fall 2016



What if You Could…?

  SIGNIFICANTLY INCREASE CASH FLOW

94% of claims resolved at 1st submission
(MRS data)
9% average cash flow increase
(MRS data)
  SIGNIFICANTLY REDUCE DAYS IN A/R

23% reduction Days in A/R (MRS data)
74% satisfied patients paid bills in full (Modern
Healthcare)
         
INCREASE REVENUE CYCLE EFFICIENCY

78% of hospitals >200 beds had an avg. 6.2%
revenue increase by outsourcing some Revenue
Cycle Management (RCM) operations. (Black Book)
$400 billion annual impact (Becker’s)
Streamlining workflows
Reducing denial rates
Optimizing account resolution
   
         
KEEP 100% OF YOUR CURRENT STAFF

No job loss
Re-purpose employees
  USE ECONOMIES OF SCALE

Distribute expenses across RCM client base
Reduce overall operating costs
         
  KEEP UP WITH INDUSTRY REGULATIONS

Healthcare’s unprecedented rate of change
RCM keeps
  ENSURE YOUR COMPETITIVE EDGE

Develop efficient account resolution processes
Achieve better liquidation rates
Implement aggressive payer denial follow-up
Apply transparent POS collection practices
Employ innovative payment solutions
         
RETAIN OVERSIGHT

RCM - contractually obligated to perform with a
certain level of success
RCM accountable for their work
     
         
HAVE HIGHLY TRAINED PROFESSIONALS
WORKING FOR YOU


Benefit from large, combined knowledge base of
billing professionals
Increase your profitability
Never worry about staffing
     



IS RCM…COST EFFECTIVE?

Does it increase revenue? Does it reduce days in A/R?

• 250 people may potentially be involved in a single patient's bill 1

• 55% - patient bills containing errors

• 30% - incorrect insurance verifications 2





“So long as a hospital’s financial figures are in the black, hospital leaders are less motivated to make changes.”

Donald Tapella, CEO, Medical Recovery Services



Questions? Concerns?

Contact Donald Tapella for a FREE, no obligation consultation
(816) 229-4887, ext.111, dtapella@mrsa1.net

For a complete listing of our services, visit our website at: www.mrsa1.net


* Calculations are based on 2014-2015 cost report data, Average Gross Billing from
Acute Care and Critical Access Hospitals in Arkansas, Iowa, Kansas Missouri and Oklahoma.