New Private Medical Practice: Key Considerations for You

You have invested years, resources, and energy to become a New Private Medical Practice. Moreover, you do not want to spend much time managing your billing and revenue cycle. Specifically, that is why ebix, Inc. ebix, Inc. helps private medical practices increase revenue by up to 10% through our Revenue Cycle Management (RCM). We have the talent, methodology, and resources to help your practice thrive.

Your New Private Medical Practice Benefits:

• Initial Credentialing is Free. Our expert staff reaches out to the carriers of your choice to obtain network status. Namely, accessible at a startup and a very reasonable fee per provider afterward.
• Fee Schedule Analysis. Since we enter the allowed amounts from the network contracts obtained to track and uncover any improper reimbursements. We will help research appropriate change levels.
• Workflow Consulting. Our management staff has over 100 years of combined experience. Therefore, we can advise you on the best practices to build a team and processes that ensure results.
• Carrier Contract Advice. Consequently, there are pitfalls to avoid in contracts and situations that may cause you to choose non-network status with challenging carriers. We have additional expert resources to bring help when necessary.
• Coding Expertise. Because the ebix team offers certified coding staff to “abstract” codes from provider documentation or review your code for accuracy and completeness. We offer Chart auditing services and provider/staff education. Our efforts result from additional revenue opportunities, compliance, and audit survival.
• Fees based on Results. We don’t get paid until we’ve obtained reimbursement for you.
• No Surprises. No additional charges for postage, claims, statements, or custom report/data analytics needs.
• Fast Claim Submission. Your billing will be submitted promptly after receipt. Don’t suffer from delays or write-offs from inappropriate submissions.
• Up to 10% Better Reimbursements.

Contact us for a Complimentary Consultation.

Download Brochure ebix Overview PDF

Download Brochure ebix Physician Credentialing PDF

Medical Coding Compliance for Your New Private Practice

The ebix Billing Services team has a strong reputation as an expert in medical coding services. By and large, medical billing begins with accurate and complete documentation in the medical record. Hence, coding converts intellectual work into billable code for insurance and service worth recording.

Unquestionably, the most noteworthy are the ICD-10 codes. The ICD-10 is currently the cornerstone of classifying diseases, injuries, health encounters, and inpatient procedures in morbidity settings. Because of this, the ebix, Inc. team has honed coding skills to meet the needs of independent physicians.

Therefore, converting medical information into universal code numbers for insurance claims is the main purpose of medical coding. For this reason, our certified medical coders help increase reimbursement by correctly aligning services with medical diagnoses. Consequently, this doesn’t just assure proper payment. It will also minimize denials resulting from the incorrect association of diagnosis and procedure codes.

Data Analytics for Your New Private Medical Practice

Obviously, financial reporting helps identify and solve charge issues, improve processes, ensure coding compliance, and maintain claim integrity. Hence, office Managers and Administrators can review performance, analyze root causes, and evaluate claim denials’ financial impact.

Your New Private Medical Practice will Minimize Claim Denials.

Naturally, a successful revenue cycle starts at patient registration and continues throughout the claims cycle. Indeed, accurate the patient data reduces claim issues and statement returns.

The Forefront of Physician Support

Furthermore, ebix, Inc. stays ahead in healthcare by affiliating with professional organizations.

• The Advance for Health Information Professionals
• The American Academy of Professional Coders
• The American Association of Healthcare Administrative Management
• The Clinic Credit Managers Association
• The Wisconsin Medical Credit Association
• The Medical Group Management Association