In the past, it has been customary for podiatric practices to do billing in-house. At the same time, third party payors have substantially changed their practices, processes and requirements. Individual practices that have not responded to these changes have found it more and more difficult to keep up without changing too. The complexity of these requirements causes the podiatric practice to do more and more while earning less and less.
Integrated Physician Systems clients have found substantial increases in efficiency and profitability by matching changes internally with changes in the third-party marketplace. Confidence is restored knowing that a professional team of podiatry experts are working 24/7 on your behalf.
Key questions to consider:
a) Are you confident you are collecting for the services you offer today?
b) If you do internal billing today, is your staff fully trained and up-to-date with current billing/coding changes and requirements?
c) If you have a local billing company, are you confident that they are specialized in podiatric billing?
d) Are you getting the management information you need to make effective decisions regarding the future of your practice?
Billing
• As a client of IPS, all of your claims go through several reviews prior to being processed by the insurance company, resulting in fewer rejections and denials.
• IPS will run several edits on claims for format errors and attempt to correct these errors. We contact your office and inform you how to avoid these errors so that your claims are not denied weeks later.
• At IPS, a certified coder reviews your claims. Items requiring correction will be noted and reported to your office. This process serves as training for your staff.
• Your claims will go through further edits at the clearinghouse and the insurance company. All rejections will be reviewed at IPS and immediately available for resubmission, preventing further denials and timely filing problems.
Accounts Receivable Management
• IPS assigns your account receivable to an Account Team. This team approach ensures that your claims are processed effectively and efficiently and allows for a smooth cash flow.
• Each team has extensive experience in billing and collecting podiatric claims.
• All denials are processed aggressively by your IPS Account Team. Deposits are posted, balanced and reported to the practice.
All Information is updated in real-time and available to you and your staff on the IPS secure web site where you will always have access to your information.