Benefits
There are many benefits to outsourcing to Physicians Office Resource
Current News:
October 24, 2011
ANSI 5010...ARE YOU READY? WE ARE!
What is ANSI 5010? ANSI 5010 is the new version of HIPAA transaction standards that regulates the electronic transmission of healthcare transactions. The 5010 standards will replace the existing 4010/4010A1 version of HIPAA transactions and address many of the shortcomings in the current version, including the fact that 4010 does not support forthcoming ICD-10 coding.
When must the transition to ANSI 5010 be completed?
By January 1, 2012, practices will need to complete electronic transactions in an ANSI 5010-compliant format. These electronic transactions include claims, eligibility inquiries and remittance advices. Failure to comply may result in denied claims, slower payments and increased customer service issues.
Here at Physicians Office Resource we have the latest billing software in place and are already compliant with these federally mandated changes. Call us today if you are concerned about your ability to comply with these new billing requirements.
IF YOU HAVE PURCHASED NEW EMR/BILLING SOFTWARE, CALL US!
Having untrained staff attempting to learn the new system AND effectively keep your billing/cash flow cycles current can be financial disaster for any practice. We can handle your billing needs remotely...right out of your software! We are already successfully serving several clients in just this capacity!
KEY FEATURES AND BENEFITS
Physicians Office Resource, Inc serves as an extension of your practice to let your staff focus on patients and other administrative tasks. We provide accurate, reliable, and courteous services, which can be customized to fit the needs of YOUR practice. We at POR, Inc offer electronic claims filing and electronic remittance of Medicare and private insurance payments. This process aids us in efficient turnaround of reimbursement, reduced error and fewer rejected claims. The result is a decrease in Physician’s administrative expenses and increase in cash flow.
Here is how we do it to get great results:
- Individual Account Representatives
Every practice has their own account representatives. This gives your staff the security and comfort of dealing with the same representatives who are uniquely familiar with your practice.
- Online Scheduling
We realize that there are front office expenses and we want to reduce those costs. We can help by offering you our Online Scheduling System. If you use a standard PC and have access to the Internet, you can have the entire package as part of our billing service from multiple office locations, your home … virtually anywhere – your data is accessible, yet secure at the highest level of encryption possible.
- Aggressive Claims Follow-up
POR's staff are specialists in claims follow-up. Their tasks focus on calling carriers and patients to deal with outstanding balances, turning your receivables into deposits.
- Electronic Claims Submissions
All our Medicare and Medicaid Claims are submitted electronically. Most of the private insurance carriers also accept your claims electronically. Once we receive your reports from the payers, our EDI representative checks for errors, make necessary corrections and resubmit any unpaid claims. A list of these carriers can be provided at your request. We do this for two main reasons. Firstly, is to improve the cash flow of your practice, because electronic claims are processed faster. Secondly, because electronic claims have fewer errors, physicians will experience fewer rejected claim.
Additional Benefits
- Handling all billing inquiries and communications from patients and insurance companies, including Medicare and Medicaid.
- Reconciliation of suspended and denied claims.
- Billing of contractual differences or varying rates when desired.
- Decreasing claims processing time.
- More accurate billing leading to faster payments and increased revenues.
- Freeing you from burdensome supervisory and administrative tasks.
- Allowing your practice to grow without concern about capacity plateaus requiring disruptive changeovers to larger systems.
- Confidentiality of all records and information with HIPAA compliance.
