Cash Management Services
Health Management Solutions, Inc. Cash Management Services, are geared to:
- Improving productivity,
- Reducing cost and,
- Increasing the practice’s Bottom Line.
Improving cash-flow is the single most important goal of any business, and in the health care industry, this has becomes increasingly challenging with non-existent or outdated financial policies, unfair insurance tactics, inflexible fee schedules, new coding requirements and an ever-increasing bureaucratic system that incorporates delaying tactics by insurance providers.
We will assist dental healthcare providers with cash flow optimization through various methods. Improving cash-flow can best be achieved in a cost-effective manner through the outsourcing of back-office support services to an independent expert Cash Management Organization. Health Management Solutions, Inc., will assist the practice in obtaining a suitable arrangement for the business’ present and future cash management services, depending on the practice’s priorities and goals.
Some of the advantages of out-sourcing to an expert organization back-office support services, such as Insurance Verifications, Billing, Collection, Insurance Payment Posting, Fee Negotiation, Credentialing etc. are:
- Your practice will have, expert verifications and thorough verification excel reports uploaded into each patient’s portal on the dental EMR, significantly reducing insurance reimbursement declinations; consequently, increasing revenues for the practice.
- Increases office productivity and improves patient care by increasing staff availability to dedicate time to internal marketing and address patients’ needs such as pending treatment plans or follow up issues.
- Could potentially significantly reduce administrative cost.
- Improves average money turnaround, claims get paid in approximately 14 days.
- Practice will know of billing rejections within 24 hours; expert optimization of billing claims will increase practice’s revenues over time.
- Help practices maintain a competitive edge with inflation by utilizing our Fee Negotiation Services.
- Improves practice’s analysis, accountability, and control of administrative procedures.
Our Cash Management Services are revered in the industry for empowering dental practices in achieving successful administrative practices. Contact us today to get started.