Why Praxis
Your ASC is unique, and we specifically tailor our billing/collection, coding, and IT solutions to YOUR unique needs. It’s still your facility, we work for YOU.
NO HEADACHES:
- Expensive billing employee turnover and training.
- The hassle of covering for employee illnesses and vacations.
- Coding accuracy, optimization, and audits.
- Falling behind with billing.
- Inefficiency that results in inadequate cash flow.
EFFICIENCY:
- Exceed your specialty’s standards for average days accounts receivable.
- Enter charges and submit claims within 48 hours of receipt.
- Work denied and rejected claims within 48 hours.
- Audit insurance payments against contracts to identify and remedy underpayments.
- Make every effort to collect before turning an account over to an agency.
HIDDEN COSTS:
- System maintenance
- Supplies, paper and forms
- Postage
- Clearinghouse costs
- Phone calls to payers and patients
- Coding and billing books
- Training
- Benefits
- Occupancy costs (the space you are using for your billing department that could be used for other purposes)
- Management focus (spending time managing the billing process instead of expanding the practice)