Practice Start-Up

There is an old saying that "the devil is in the details."  A successful practice start-up requires the coordination of many, many details, everything from legally organizing the practice to making sure that there are waste baskets in every room and office.  MEDEX delivers value by having all the details organized in a checklist with assignable responsibilities, expected completion dates, and a sign off when completed.  In addition, our staff has been through the process!  We know how to do it.

The MEDEX program is to communicate as early as possible with the physician and the hospital and determine the scope of the work.  Who is responsible for what?  Critical items are identified and a critical path of those tasks which must be completed to avoid delay of other tasks are identified and assigned.

Please contact us to request a checklist for our Practice Start-up Program.

Billing/Accounts Receivable Management

In addition to providing quality patient care, collecting maximum revenue for services rendered is one of the most fundamental and important functions a medical practice must perform to ensure its future viability.  MEDEX is not just another billing service.  We deliver value through a comprehensive accounts receivable management program.

Step 1 - Review and Analysis

• Review and update your fee schedule
• Review and update your superbill
• Review your coding practices
• Review timeliness of charge submission
• Review your health plan payer mix
• Set MGMA/market benchmarks
• Establish agreed upon expectations

Step 2 - Execution 

• Online charge capture and insurance card scanning or
• Use courier/mail for document delivery
• Strict processing discipline
• Aggressive claims follow-up
• Timely patient pay follow-up services
• Ongoing interactive communications
• AdvancedMD, Medical Manager, and IMedica Software
• Electronic Submission where possible

Step 3 - Monthly Review

• Comprehensive monthly management information
• Periodic (monthly to quarterly) review meetings w/client

Value Delivered

• Avoid capital costs for hardware, software, maintenance and space
• Avoid operating expenses of added staff
• MEDEX accounts receivable management expertise
• Provider able to focus on quality medical care
• Consistent performance - MEDEX adds continuity of its staff
• Monthly fee based on fixed percentage of collections
• No hidden costs - inclusive monthly fee

The ability to generate revenue begins with a professional insurance credentialing/ contracting process.  MEDEX delivers value through its complete and thorough program.  MEDEX utilizes scheduled benchmarks for each payer based on industry and historical experience.  

Step 1 - Identification of all insurance payers desired by the physician(s)/hospital

·        Set agreed upon expectations

Step 2 - The application process

·        Obtain complete information on the physician information checklist

·        Complete applications and obtain signatures

·        Understand specific payer protocols

·        Submission

Step 3 - Formal communications follow-up system

Step 4 - MEDEX will keep and deliver to the physician client a duplicate record of all applications, contracts, and correspondence received 

Electronic Medical Records

Medex Practice Solutions is committed to finding more efficient ways for its clients to practice medicine.  In today's rapidly changing healthcare environment, clinics and physicians are being squeezed by the rising costs of operations on one end and federal regulatory requirements on the other end.  Physicians are working extra hours to complete patient documentation so that they can stay in compliance.  The inefficiency of managing patient paper records and the associated costs are cutting into physician income.  

Today, physicians are looking for solutions to overcome these issues, by cutting operational costs, improving productivity, revenues, patient care and the overall quality of life.  “The computer revolution has enormous potential to improve primary care in the areas of medical records, communications between patients and physicians, information sharing among health care providers, and rapid access to reliable medical information.”[1]

Why implement an EMR system to your practice?

• Speed of charting increases
• Better documentation to support charges
• Accuracy and completeness of chart notes
• Charge capture interface with PM system
• Near paperless environment
• Legibility of chart notes
• Multiple viewers of a single chart
• Voice-recognition capability
• Computerized lab and prescriptions orders
• Access charts, schedules and practice financial status anytime, anywhere from an internet connection
• Eliminates paper chart storage
• Decreases staff time related to chart functions, phone tag with labs and pharmacies and patient paperwork
• Audit proofs charts and billing submissions

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