Billing and Collections Services
Billing and revenue-cycle management is one of the most difficult and complicated processes for a physician organization. It is only likely to get more complex in the constantly changing healthcare landscape.
Instead of allowing practices to focus on treating patients, this complexity forces practices to devote valuable resources to coping with multiple payers (often on a single claim), shifting reimbursement regulations, myriad and changing codes, inadequate computer systems and more. Inevitably, collections fall behind, older bills become more difficult to collect, and physicians wait longer and longer for payment.
Practices can eliminate this costly and growing “hassle factor” by outsourcing those functions to a billing and collection provider.
Why Select a Partner for Your Physician Revenue Cycle?
For organizations seeking to build value within their physician organization, partnering with Navigant Healthcare for billing and collections solutions is a good answer. Our revenue-cycle management services provide:
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Physician Organization Billing and Collections Services Brochure
- Reduced need for full-time, in-house staff that requires continued training, benefits, capital equipment costs and turnover. The true costs of the revenue cycle include all costs associated with each employee as well as all fixed and variable costs associated with the entire billing and collection process. Among the costs: salaries, training and retraining, hiring and firing, taxes, FICA, unemployment benefits, workers compensation, holidays, sick and vacation pay, postage, local and long-distance telephone, supplies, office equipment, computer equipment and maintenance, filing fees, etc.
- Space that is freed up for additional revenue-generating, patient-care services such as MRI, laboratory or rehabilitation.
Navigant’s experienced team of account representatives will ensure that the outsourcing transition is seamless and consistent with payor contracts.
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