Revenue enhancements of five to ten percent can frequently be achieved by identification of
billing and accounts receivable management process imperfections. For the typical emergency
department, this equates to an additional $50K to $500K annually in physician revenue.
Billing Reports Review
BSA Healthcare's monthly
billing report review service was designed to facilitate a reduction of
common and uncommon errors in medical billing and accounts receivable
management processes. BSA Healthcare's physician consultants
use specialty-specific criteria to analyze monthly billing reports, and
help clients identify and correct process pitfalls that many medical billing
organizations often experience in their daily operations.
Whether medical billing is performed in-house or through a proprietary agent,
almost all medical billing organizations create monthly summary reports.
Although the terminology and format of these reports may vary, the functions
that these reports quantify typically include a summary of monthly charges and
payments by payer class, aged trial balances, patient encounter acuity and
procedure analysis, and quantification of collection rates. Often, these reports
are structurally difficult to interpret, with important information buried in
areas not apparent to a cursory review. Review and analysis of these reports
will ensure clients that they are collecting legitimate revenue for services
rendered.
