 |
| Frequently Asked Questions |
For the convenience of the physicians and hospitals, we have
a wide variety of options to send us the dictations and to
receive transcriptions: |
| |
| GENERAL |
| |
 |
What are the initial
setup costs for your services? |
 |
Is there any termination fee? |
 |
Do the client needs to sign any
contract to start utilizing your service? |
 |
Can your operation handle large
businesses such as hospital and nursing homes? |
 |
Does Vision Infonet Medical Billing
charge annual renewal fees? |
| |
| TECHNICAL |
| |
 |
What facilities do we need to
have to utilize your service? |
 |
We do have billing server and
other facilities at our practice. But I want to out-source my
billing? |
 |
How much man-power is required
at our end? |
 |
How can Vision Infonet Medical
Billing improve our cash flow? |
 |
Will there be a delay in billing
while we are being set up for electronic claims filing? |
 |
Would it be more cost effective
to file electronic claims in-house instead of using a billing
service? |
 |
Can your Medical Billing collect
on overdue accounts? |
 |
Can you handle multiple Medical
specialties within a single practice / operation? |
 |
How long does it take to receive
reimbursement? |
 |
How much does your service cost? |
| |
| What
are the initial setup costs for your services? |
| |
| Initial
setup is absolutely Free!! This includes installing the required
equipment at the Physician’s office. |
| |
| Is
there any termination fee? |
| |
| There
is no termination fee. All the data will be given to the client
unconditionally. |
| |
| Do
the client needs to sign any contract to start utilizing your
service? |
| |
No
contract is necessary. However if the client wants discontinue
utilizing our service within the first 12 months, the client
need to pay the cost of the equipment that is installed in
their office. |
| |
| Can
your operation handle large businesses such as hospital and
nursing homes? |
| |
| Absolutely.
We are currently serving a large account too. |
| |
| Does Vision Infonet Medical Billing charge annual renewal fees? |
| |
No.
We do not have any licensing fees nor other ongoing charges.
If you relocate, however, we ask that you let us know so that
we can update our records. In addition, we will provide you
with information about how to handle data exchange when you
add a new location or grow your business. |
| |
| What
facilities do we need to have to utilize your service? |
| |
i.
High Speed Internet connection, not less than 128 kpbs DSL or
Cable connection.
ii. One Computer
We will install other equipment like scanner, printer and required
software.
Alternatively you can mail copies of documents like Superbills,
EOBs, checks etc to us. |
| |
| We
do have billing server and other facilities at our practice.
But I want to out-source my billing? |
| |
This
is very much possible. You can continue to use your existing
billing server and other facilities. We can log in to your
server remotely and work. |
| |
| How
much man-power is required at our end? |
| |
No
additional man-power is required except to scan the documents.
As we install high speed scanner which can scan about 30 papers
per minute, it hardly takes 3-5 minutes to scan 100 documents. |
| |
| How
can Vision Infonet Medical Billing improve our cash flow? |
| |
We challenge all rejected claims and dramatically
reduce your accounts receivable. We file all claims electronically,
which maximizes your insurance claim reimbursements to the
shortest possible time. We eliminate the overhead expense
associated with insurance billing such as salaries, vacations,
sickness, training, turnover, office space, computer hardware
and software, and other operation necessities. In many cases
this can result in substantial savings of 60% or more. |
| |
| Will
there be a delay in billing while we are being set up for electronic
claims filing? |
| |
No,
your regular billing cycle will continue while we set you
up for electronic billing. When you contract with our billing
service, we will begin filing paper claims immediately so
that there is no delay in your billing. As soon as your practice
/ operation is set up to file claims electronically, we automatically
begin transmitting your claims through a clearinghouse or
directly to the insurance carriers. |
| |
| Would
it be more cost effective to file electronic claims in-house
instead of using a billing service? |
| |
No,
We substantially reduce your operation overhead (salary, benefits,
office space, are eliminated). And, we do all of the above
at a small fraction of what it would cost your operation to
perform the same tasks. An effective billing service is much
more detail oriented specialty then most in-house billers
realize. As an example there are many trade secrets that can
be applied to most situations that can result in operation
saving and consistency in payments. We understand or have
access to government polices and programs. Keeping up-to-date
with all this information can be extremely time consuming
to your operation. We understand the importance of the details
that insurance companies need for proper payment. We stay
informed of all ICD-9 and CPT code changes, and we use our
contacts with the carriers to stay abreast of any internal
changes that may impact or result in reduced payments / or
non payments for your practice. |
| |
| Can
your Medical Billing collect on overdue accounts? |
| |
| We
sure can. Actually, we will follow-up on all your receivables
in order to reduce un-collectable accounts. We have an excellent
system for tracking outstanding monies owed to you. |
| |
| Can
you handle multiple Medical specialties within a single practice
/ operation? |
| |
| Yes,
we incorporate state of the art technology and the most effective
billing techniques available to handle multiple specialties
within a practice. |
| |
| How
long does it take to receive reimbursement? |
| |
| The
average time to collect on electronic reimbursement is between
8 to 15 days. |
| |
| How
much does your service cost? |
| |
| In
general we charge 4-6% on the collected amount. However the
percentage varies depending on the specialty, size of the practice,
nature of the practice, etc. |
| |