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How good it will be, if payment is received immediately after patient’s visit? |
How wonderful it will be, if your Account Receivables is zero? |
How great it will be, if your cash flow can be predicted with 100% accuracy? |
As a healthcare provider, after taking all the pains of running the practice, after working very hard in serving the patients is not over-ambitious to think of the above. |
But what is the reality? Delayed reimbursements and piled up Account Receivables. Is there a way to over come these problems? |
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| Yes, With StatCash Billing System That is Very Much POSSIBLE!!!!!! |
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Receive Insurance payments instantly with our StatCash Billing service. |
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Keep your AR at Zero, all the time. |
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Make sure that the services are covered, before patient visits. |
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Concentrate on patient care leaving all other burdens to us. |
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After all, providing Healthcare is your primary job. |
What is StatCash System? |
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It is very simple. Serve patients and collect your money, instantly, without any delays, rejections, follow-ups and frustration. |
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What we do? |
We take care of complete RCMS that includes |
| a) Confirmation of patient schedule |
| b) Insurance Verification |
| c) Authorization/pre-certification wherever required. |
| d) Transcription |
| e) Charge posting |
| f) We pay you 80% of the expected insurance collection within 48 hours of the patient visit. |
| g) We pay the balance 20% within 45 days of service. |
| h) Sending of statements to patients, for their responsibility part. |
| i) Further, we provide you with our MDCare EMR/PMS for free |
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Example |
1) For May 15 you have scheduled 30 patients, with no free time slots, which include 4 procedures that require Authorization. |
| 2) On May 13 we call all patients to confirm/cancel/reschedule their appointments so that the freed slots can be refilled and all your 30 slots are full. |
| 3) On May 13 we verify the insurance benefits of each patient and caution about the terminated policies, non-covered services, deductibles etc. |
| 4) We take authorization for the required 4 procedures. |
| 5) On May 15 you will complete serving all the 30 patients with an allowed amount of $ 10,000.00 |
| 6) On May 17, we will pay you $8000. |
7) On June 30 you will be paid the balance 2000 by us. |
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