Medical Reimbursement Management
not just a billing company … an extension of your practice
Healthcare providers have found they can lower their cost and secure higher reimbursement rates by outsourcing their billing requirements.
MRM is dedicated to the sole purpose of billing and collecting for healthcare providers. Our service has effective systems in place to insure quick and accurate response to any reimbursement issue. We are able to systematize the entire operation and spread the costs and processes over a large number of clients. We provide coding specialists, computer specialists, insurance specialists, and personnel dedicated to follow-up on claims.
Rejected claims are monitored, corrected, and resubmitted as quickly as possible. In the event a consistent problem is uncovered the proper training is initiated for either our personnel or yours as applicable.
All claims are monitored to determine if the proper codes are being billed and if the payers are compensating according to accepted standards. If documentation is such that the codes are not supported, an improvement program for documentation is undertaken and/or a correction in the coding is accomplished.
We have the ability to provide specific analysis on reimbursement versus your cost factors. If desired we will do an evaluation of a provider’s contract prior to a client’s signing.
Dun & Bradstreet completed a study of outsourcing and found that “More companies than ever are establishing strategic partnerships that give them access to specialized expertise in critical business functions.” A large number of the respondents reported that “...the do-it-yourself attitude that most companies hold regarding most functions is insufficient in today’s new market place.” The study also found that the companies that “utilize outsourcing are more financially stable than are those that do not.”