{  Billing and Collections  |  New Practice Setup  |  Other Services  }

Billing and Collections:
ICD & CPT Coding and Coding Review:
Accurate coding helps avoid costly claim delays and denials.  Not only do we discuss the impact coding has on your practice, we assume responsibility for coding accuracy. 

Accounts Receivable Management:
The objective of our service is to maximize cash flows through faster turnover of accounts receivable.  We have developed techniques to prevent problems.  Old accounts can be resolved, relations between patients and providers can be improved, and quality control procedures can be implemented to minimize future collection problems. 

Med+Econ, Inc. provides comprehensive reports outlining recommendations by specific areas,, including a list of priorities and timetables for implementation.  Our services do not end upon delivery of the report; we provide on-going consulting services until the system is fully operational and all problems are resolved. 

Claims Processing:
Unlike service bureaus, "re-bill" and "follow-up" is virtually unnecessary, since we do it right the first time.  We review clams for timeliness, completeness, and attachments of Explanation of Benefits for secondary payors.  We compare Electronic Claim Submission transmission computer printouts against carrier verification of submission. 

Finally, we review the claims process for follow-up of unpaid claims, and resubmission of denied and rejected claims.  Through an aggressive rapport, Med+Econ, Inc. is able to collect the maximum reimbursements from the carriers rather than your patients. 

Med+Econ, Inc. is at the leading edge of technology.  Therefore, Med+Econ minimizes operation costs in order to maintain lower fees than other billing services. 

• Patient information (On-line services)
• Toll-free number for patients' inquiries
• Administration of patient/insurance refunds
  

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New Practice Setup:
We advise and assist in setting up a new practice, including:

• Obtaining licenses, permits and provider numbers
• Establishing medical records and filing systems
• Determining personnel requirements and assisting in staff training
• Designing internal forms, e.g. registration, assignment of benefits, superbills, etc.
• Establishing an efficient and effective billing system.

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Other Services:

• Accounting and bookkeeping service
• Accounts payable
• Payroll preparation and payroll tax filing
• Tax planning and compliance with preparation of federal, state and local business income tax return
• Practitioner income distribution
• Banking and financial advice
• Monitoring of outsourced services

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