Twenty Years in the Making - Billing Cycle Management
Our transition from physician consulting to providing medical billing services began when a large multi-specialty group (70+ providers) asked us to help assist them with a complete group reorganization, including a change in medical billing systems.
The heart of our recommendations was the need for a cohesive, expert billing cycle management process. With the implementation of improved billing cycle management processes and an expert practice management software, the results were even better than we could have predicted.
Beginning that first year, the medical practice experienced, compared to national averages published by the Medical Group Managers Association (MGMA):
- Fewer days in accounts receivable
- Higher collection rate
- Better insurance contracts
- Lower cost for billing versus previous in-house system
- Lower staff turnover
- Practice growth
Now, due to changes in networking and system end user tools, PMIAssist is able to offer our proven, experienced billing cycle management process in a cost effective manner to smaller practices.