Streamlining Healthcare Revenue Cycle Management with MCBS Services
Our services at MCBS are designed to provide healthcare providers with comprehensive solutions for managing revenue cycle and administrative tasks effectively. By partnering with us, practitioners can focus more on patient care as we handle billing procedures, coding assistance, and administrative tasks with professionalism and efficiency, leading to increased revenue, improved cash flow, and minimized outstanding costs. With MCBS, healthcare establishments can save on administrative expenses, time, and resources while ensuring timely payment processing and reduced financial burdens.
- Healthcare Revenue Cycle Management
- MCBS Services
- Medical Billing Solutions
- Administrative Support
- Coding Assistance
Streamlining Healthcare Revenue Cycle Management with MCBS Services
PowerPoint presentation about 'Streamlining Healthcare Revenue Cycle Management with MCBS Services'. This presentation describes the topic on Our services at MCBS are designed to provide healthcare providers with comprehensive solutions for managing revenue cycle and administrative tasks effectively. By partnering with us, practitioners can focus more on patient care as we handle billing procedures, coding assistance, and administrative tasks with professionalism and efficiency, leading to increased revenue, improved cash flow, and minimized outstanding costs. With MCBS, healthcare establishments can save on administrative expenses, time, and resources while ensuring timely payment processing and reduced financial burdens.. Download this presentation absolutely free.
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ABOUT US OUR SERVICES ARE METICULOUSLY CRAFTED TO OFFER HEALTHCARE PROVIDERS COMPREHENSIVE SOLUTIONS FOR MANAGING THEIR REVENUE CYCLE AND ADMINISTRATIVE TASKS MORE EFFECTIVELY. We genuinely understand the daily challenges you face while juggling billing and administrative responsibilities alongside patient care. Our dedicated team in South Africa provides an array of medical administrative services, including coding assistance, aimed at helping providers streamline their billing procedures, resulting in increased revenue and improved cash flow. By joining forces with us, healthcare providers can anticipate accelerated payment processing and a boost in cash flow, ultimately allowing them to prioritize what truly matters patient care. Leave the burdensome tasks of paperwork, phone calls, debt management, and follow- ups in our capable hands. Our team is committed to delivering outstanding and professional support to our valued clients. 2
HOW DOES THIS BENEFIT MY ESTABLISHMENT With MCBS services, practitioners can focus more on their medical practice and patients, as they won't need to worry about the administrative problems often associated with dealing directly with medical insurance providers or medical aid companies. systems and resources can help prevent outstanding patient costs, ensuring that practitioners receive timely payments for their services and reducing the risk of unpaid bills. Healthcare practitioners can avoid the expense of purchasing costly medical billing software and sending employees for training courses to operate them. MCBS handles these aspects, saving practitioners money and time. By partnering with MCBS, practitioners can save thousands of Rands in monetary value, which would otherwise be spent on administrative and billing- related expenses. By outsourcing medical claims and management to MCBS, healthcare practitioners can save money on various administrative expenses such as stationery, telephone bills, internet costs, and other overheads associated with handling claims and administrative tasks in-house. Minimized Outstanding Patient Costs No Need for Expensive Software and Training Reduced Admin Expenses Time Savings Cost Savings MCBS as a medical claims and management partner can offer healthcare practitioners cost-effective solutions, time savings, and peace of mind by taking care of administrative tasks and medical billing processes. This allows practitioners to focus on their core responsibilities of providing healthcare services to their patients. 3
OUR SERVICE INCLUDES: Claim Submissions Reconciliation of remittance advices Efficient digital claims capture and submissions Our expert bureau staff ensures same-day billing to medical aid Patients receive timely notifications of outstanding balances Accurate weekly reporting Follow-ups to Ensure Timely Claim Payments IOD Claims / RMA / WCA Handling Motivations Debtors Management Sourcing of Medical Coding s i.e. ICD, Nappi, Tariff, Procedure etc.. Patient Verification Obtaining Documentation Clinical & nursing Notes Paper Claims Cash Invoicing Comprehensive Stoma Cases- Motivations, Clinical notes, coding s, Billing etc. 4
FREQUENTLY ASKED QUESTIONS What are the costs? The only cost to the practice is a fixed percentage fee MCBS charge, on the monthly payments the practice receives. What are my expectations from MCBS? Why use a medical bureau? Reduced Admin Expenses: By outsourcing medical claims and management to MCBS, healthcare practitioners can save money on various administrative expenses such as stationery, telephone bills, internet costs, and other overheads associated with handling claims and administrative tasks in-house. Practice management: By streamlining your administrative responsibilities, MCBS frees you up to concentrate on patient care. They manage many facets of practice management, lightening your workload and assuring efficiency. Additionally, MCBS assures the lowest percentage charge, putting the bureau and the practice in a win-win situation. When will my medical aid claims be collected? Electronically daily Time Savings: With MCBS services, practitioners can focus more on their medical practice and patients, as they won't need to worry about the administrative problems often associated with dealing directly with medical insurance providers or medical aid companies. Claims Submission: MCBS handles all aspects of the claim s submission procedure. In order to decrease the possibility of claim errors and delays, this involves properly drafting and submitting claims to insurance companies or medical aid organizations on your behalf. When and how does the data get captured and managed? Immediate Claims Processing: As soon as your practice collects the necessary information and documentation, MCBS promptly processes and submits the medical claims to the relevant medical aids or insurance providers. This quick turnaround time accelerates the payment cycle. Minimized Outstanding Patient Costs: MCBS systems and resources can help prevent outstanding patient costs, ensuring that practitioners receive timely payments for their services and reducing the risk of unpaid bills. Follow-up on Outstanding Payments: MCBS is in charge of handling the collection of unpaid invoices. To ensure you receive prompt payments and reduce financial losses due to unpaid invoices, our committed team follows up with insurance companies, patients, and other parties. Instant Feedback: MCBS has established communication channels with medical aids, allowing for immediate feedback on submitted claims. This feedback includes crucial information such as whether the claim will be paid and the exact amount that will be reimbursed. No Need for Expensive Software and Training: Healthcare practitioners can avoid the expense of purchasing costly medical billing software and sending employees for training courses to operate them. MCBS handles these aspects, saving practitioners money and time. Enhancing Cash Flow: Your practice's cash flow is maximized with the help of MCBS s effective claims handling and payment follow-up. Non-Payment Resolution: In cases where a claim is denied or not approved for payment by the medical aid, MCBS takes proactive steps. They promptly inform your practice about the non-payment and work to identify the reason for the denial. If necessary, they help facilitate communication with the patient to arrange for payment. A healthier financial position for your business, which enables you to reinvest in your services and expansion, is a result of on-time payments and decreased sums due. Cost Savings: By partnering with MCBS, practitioners can save thousands of Rands in monetary value, which would otherwise be spent on administrative and billing- related expenses. 5
MED CLAIMS BILLING SOLUTIONS IS DEDICATED TO OPTIMIZING YOUR PRACTICE'S FINANCIAL HEALTH, ALLOWING YOU TO FOCUS ON DELIVERING HIGH-QUALITY PATIENT CARE. CONTACT US TODAY FOR A CONSULT! Email Management@medclaims.co.za Call or WhatsApp : 064 534 0367
OVERVIEW OF MEDICAL BUREAU SERVICES Practice Management Software: Patient and billing details are seamlessly transmitted electronically or manually to medical aid administrators, ensuring efficient and accurate processing. Fast Collections: Our system automatically generates email and SMS reminders to patients, encouraging prompt settlement of outstanding accounts. Swift reminders mean quicker collections for your practice. Daily Payments and Reconciliations: We process payments daily, reconcile patient payments with your bank statements, and ensure that your practice maintains a steady cash flow, promoting operational efficiency. Detailed Reports: Our system guarantees the timely delivery of accounts and provides comprehensive audit trails. Monthly status reports offer an insightful overview of your practice's performance and proactively address collection issues. 7
