Your Receivable provides you cash flow to pay your overhead, pay yourself, market your practice. Without good cash flow there is fear. When will the next insurance or self pay check will be received? Good cash flow management eliminates that fear.
Cash flow needs to be reliable, which is why we bill, electronically whenever possible, every week. Monthly we bill the self-pay side of your practice. Claims not paid within 30 days will be followed up by telephone or on-line to determine the status.
Dunning notices and telephone calls are made on your delinquent accounts; at your discretion, the accounts can be placed with an outside collection agency.
We also offer web-based scheduling services and web development.
cash flow means peace of mind
Watching trends in your practice is invaluable
Each month we give you a report on our performance. We will keep a running tally of your charges, adjustments, and collections from month to month to watch trending. We will include in this report the number of days it takes us to collect any given charge, the percent collections based on billed charges, and finally the amount of money you can expect to earn for each day in the office.
Live telephone answering will greatly increase your chances of seeing a new client. This service includes gathering demographics, verifying benefits, making certain authorizations are in place, explanation of practice policies such as NO SHOWS. The information is faxed to you in a understandable format. We also offer web-based scheduling.
Some of our clientsprefer to do their own scheduling, but have the new client call us to obtain demographics, benefits, explain copays, authorizations. This information is faxed to you for a complete understanding of the new client, deductible, number of visits per benefit year and copays.
We will even give your new client a reminder call about the upcoming visit and directions to your practice location.
We are able to answer the dedicated scheduling line 95% of the time live during regular business hours.
We offer telephone answering services with or without the accounts receivable services.
Live telephone answering greatly increases your chances of meeting with a new client
We report to you our performance during mothly meetings
Referrals to your practice from within our large client base are offered to anyone seeking mental health services. Care is taken to match the new client with the therapist or psychiatrist by gender, age, insurance, and reason for seeking treatment. There is no fee for this service.
We also offer credentialing, recredentialing, contract negotiations, and demographic change management.
Practice Management is a huge service we offer and is part of the net collection fee. We meet with you monthly to update you on accounts, to make collaborative decisions on what to do next on an account. You will also have stories to tell us that will be helpful in the billing process. We are available to you by telephone during business hours, answering live 95% of the time or by e-mail answering within 5 minutes. Telephone messages are generally returned within the hour.
Linda Fangman And Associates, LLC • (720) 898-8711
