Doctors Face Several Challenges

Doctor’s are facing several Challenges

• Insurance companies are making it increasingly difficult to collect on claims

• Patients are slow to pay, IF they pay at all

• Private practices are having to close their doors and join large groups, becoming employees due to reduced reimbursements and costs increasing

• Staying up-to-date with new codes and proper coding

• Lack of proper documentation- Audits imminent

• Staff overwhelmed with office chaos

• No patient retention marketing in place

• Practices are being penalized for not converting to EHR

• Practices are being fined for HIPAA breaches

We can cure ALL of these challenges!

Current Insurance Claim Challenges

Slow Payment Turn-around up to 120

days High Rejection Rate

National Rejection Rate is 34%

High Cost National Average of $22

per claim

Solution Reduced Rejection Rate

As low as 2% Lower Billing Costs

Save up to 50% of in-house costs

Faster Payment of Claims Average of 14 days

Challenge

“Some doctors spend more time filling out forms than taking care of patients.”

Dr. C. Everett Koop Former Surgeon General

• FASTER Charting• Chart encounters

using touch, talk (dictation), or typing

• Designed for speed and flexibility

Comprehensive cloud-based Electronic Health Records System

“Physicians typically collect only about 50% of outstanding patient balances, resulting in almost $60 Billion in bad debt annually.”

- McKinsey & Company

Challenge: Patients don’t pay!

• Patients can make payments online 24/7

• Get Paid Faster• Reduce Costs• Increase Patient Satisfaction• Schedule Patient Payments• Automate recurring payment

plans

Collects Patient ReceivablesNot a Collection AgencyLow CostFour times the Average

Recovery RateFully Automated Increases Patient Retention

Current Challenges

• Most doctors can’t keep up with new codes

• Oct 1, 2015 new set of diagnosis codes

Solution• Proper coding by

Certified Coders• Increase

Reimbursements by 30%

Current Challenges

• ALL Documentation MUST match coding

• Ongoing audits from both government and commercial payers

• Physicians subject to being audited anytime

Solution• Offers corrective actions

required for compliance• Implements changes to

stay in compliance• Continuing education• Advises Provider on

underpayments

Challenges •Time wasted searching for files and refilling paperwork

• Time and money lost in re-creating lost documents

• Costs of storing documents in-house or off-site

• No disaster recovery systems in place

Solution

•Save Time •No more time spent filing or retrieving paper files •Access stored files from any computer with Internet access

•Save Money •Eliminates the need for file cabinets and off-site storage

Challenges• Limited time to market

practice• Obtaining new patients• Showing patient

appreciation

Solution• Patient retention

program• Patients are really

customers• Shows patient

appreciation• Potential to increase

patient visits• Increases referrals

Challenges• 79% of Covered Entities fail

their CMS Meaningful Use audit

• 2015, 5% of providers will face mandatory audits by CMS

• 70% of Covered Entities are NOT compliant.

• HIPAA Fines/Penalties are increasing Up to $50,000/incident Up to $1.5 million

Benefits:Designed by Privacy/Security Professionals Easy to use One simple price - No extra costsAutomatic updates of Federal RegulationsCompliance Coaches assist you every step of the

way Cloud Based – No software or IT integration required

We can not only cure these challenges, but

increase profitability!

Do you know anyone that could use one or more

of these solutions?