Services
Medical Financial Management improves the business performance of client medical practices with custom billing outsource services.
Recognizing the unique challenges of medical billing, MFM professionals put their specialized health care industry expertise to work for a wide range of practices across the United States, including those specializing in radiology, urology, gastroenterology and family practice.
In order to enhance cash flow and build the near- and long-term financial success of medical care providers, MFM puts together, on behalf of each client, a custom set of services that can include:
- Analyzing current business and billing practices
- Optimizing input of patient and billing data
- Matching fees against contract allowances
- Verifying appointment eligibility in advance
- Improving upfront collections of deductibles and coinsurance
- Accelerating initiation of billing process
- Comparing scheduled versus billed procedures
- Increasing frequency of insurance company billing
- Checking remittance amounts against contract rates
- Enhancing procedures for cash-payment follow-ups
- Challenging/appealing denials
Using these and other strategies, MFM helps client medical practices boost cash collections while driving down negative metrics including overdue accounts receivable and bad-debt write-offs.
To learn more about MFM’s specific experience in serving a particular medical specialty, visit one of the separate pages dedicated to
radiology,
urology,
gastroenterology, and
family practice.