Choosing Best Revenue Cycle Management Outsourcing Company (1)

1

• Choosing Best Revenue Cycle Management
• Outsourcing Company

• www.mgsionline.com

2

• Outsourcing medical billing and coding proves to
  be most efficient and productive solution for
  revenue cycle management.
• The greatest challenges encountered by practices
  are loss of revenue due to unsettled transaction.
  
• Not all providers can naturally handle the
  billing process in house, glitches like billing
  and coding errors, denial and rejected claims,
  staff attrition and absenteeism, hiring and
  training new coders and billers, audit files for
  untrained workforce can be time consuming,
  affecting the core responsibility of patient
  care, hence outsourcing revenue cycle management
  seems to be prudent work model adopted by many
  practices.

3

• Benefits of Outsourcing Revenue Cycle Management

• Cost effective medical billing services by
  reducing the overhead cost namely infrastructure,
  hiring, and training and petty cash expenses.
• Well trained and experienced team of billers and
  coder to work at the backend seamlessly.
• Leverage on the HIPAA Compliance to protect your
  patient data and increase revenue.
• Outsourced billing company provides 24/7 services
  to ensure rapid turnaround time.
• Improved and efficient services adopting latest
  technologies to fasten and ease the billing
  process.
• Streamlined workflow which standardizes reporting
  structures for increased reimbursement and boost
  cash flow!

The current market has a plethora of vendors to
choose from, selecting a competent partner who
can ease and smoothen your billing process is a
definite challenge. Let us discuss on some tips
to help you choose the best revenue cycle
management outsourcing company.
4

• Check The Age of Your RCM Company

• Billing companys experience and expertise can be
  ascertained by checking on the number of years
  they have been in business.
• More number of years in the industry signifies
  more experience in handling and troubleshooting
  claim disputes and unsettled transactions and
  increased knowledge and expertise in servicing
  various scopes and specialties.
• Presence of the RCM Company for long years in the
  market also illustrates their integrity and
  reputation.

5
Client Reference and Reviews

• A company who has been in business for more years
  should be able to showcase positive reviews and
  feedbacks from their clientele.
• Checking for client reference can help you
  understand their quality of services, experience,
  scopes and specialties handled, software
  expertise and geographical spreads.
• It better helps you pick up a vendor to suit your
  requirement.

6
HIPAA Standards and Compliance

• Double check and see if the RCM Company you
  select is compliant with the HIPAA Standards to
  protect your patients health information.
• Ensure your patient data is in safe hands by
  choosing a medical billing partner who abides by
  HIPAA compliance and have stringent protocols to
  safeguard PHI and other business related data

7

• Billing and Coding Team

• Ensuring the daily chores of your billing process
  is handled by deft hands is quintessential.
• The expertise of the team working on your billing
  and coding determines the quality of your claims
  and entail them for complete reimbursement.
• Your Outsourced billing partner should have
  multispecialty coders certified by AAPC,
  therefore it is essential to analyze the teams
  qualification, certification and experience
  before you confer your business process to a
  third party vendor.

8
Streamline and Increased Cash Flow

• Medical billing company with long experience who
  has invested in resources, technology and
  Knowledge gaining should be able to enhance your
  overall business process and profitability as an
  experienced medical billing company working with
  multiple clients, they have knowledge and knows
  various methods to assist you get the maximum
  reimbursement for the claims submitted. 

9

• About MGSI

• MGSI is a national Medical Billing Company with
  over 25 years of experience servicing Practices,
  Medical Groups, IPAs and Medical Centers, etc.
• MGSI is a multi-specialty medical billing company
  with experience handling 25 specialties across
  US.
• Choosing MGSI as your outsourced billing
  partner can help you better utilize your time,
  resource and experience for enhanced patient
  care, while we help stabilize your cash flow and
  increase profitability.
• To know more about MGSI and the services we
  offer, log on to www.mgsionline.com.

10

• Thank you

• www.mgsionline.com
• 877-896-6474