Professional Accounts Management, Inc.
Call us at: 1-714-992-0850
Our Revenue Cycle Management Services
Our job is to increase your cash flow and profits by focusing on follow-up and retrieval of payments. Our solution is through our RCM services. These services include:
- We offer full billing and collections at a fixed percentage of the net amount collected.
- CPT & ICD9 coding. Proper documentation required.
- Prompt refunding of overpayment to patient or insurance.
- Notification to insurance companies regarding services. Electronic transmission to Medicare, Medi-Cal, and all major insurance carriers that accept electronic billing.
- Tracking of reimbursement by insurance. Follow-up is done at 60, 90 and 120 days by cycle. We will hold account until insurance has notified us that the claim is denied or applied to deductible. Patient will be kept informed of status at 28 day intervals.
- Tracers and phone calls to the insurance for follow up at 60 days.
- Statements sent to patients at 28 day intervals.
- Phone calls made to patients defaulting on payment arrangement agreements.
- Processing of all patient and insurance correspondence/inquires.
- Filing of P.I. liens with follow-up every 90 days until the case is settled.
- Monthly management reports customized to meet your needs including the following:
- Dollar amount charged
- Dollar amount collected
- Summarization of refunds, adjustments, bad debt
- Percent of net collections
- Number of days in accounts receivable, for total practice and by financial class
- Average daily receipts and charges
- Aging report
- Percent of accounts receivable by financial category
- Charges by referring physician
- Receipt journal
- Percent of cases done by modality and "body part"
- Monthly reconciliation page
- Charges by date of service
- Summary of financial classes
- Insurance company summa
- Daily deposits to a local bank of client choice
- Processing of payments, charges, and adjustments daily.
- Assign accounts to a collection agency for follow up
- Respond to subpoenas of billing records.
- The billing service will insure the following: accounts receivable, deposits in transit and bonding of employees.
