These grades could be yours.
Over the last 10 years, we’ve earned them for our clients based on unmatched expertise in Revenue Cycle Management. These results come from a persistent focus on key metrics, through tested technology, comprehensive business analytics, and experienced personnel.
Also, these grades translate into an average of 20% in net revenue per physician per year.*
Part of managing a healthcare system or hospital organization is fulfilling the obligation to the communities you serve in providing adequate physician care and an adequate range of specialty coverage. That’s why more and more hospitals are taking a greater stake in the ownership and management of local physician practices. But to ensure the operational and financial success of these physician practices, let MedSynergies deliver the results you require without diverting the resources of your hospital CBO or the attention of your management team. Leave the financial success of your physician practices to us.
Sixty three percent of hospital CFOs surveyed said they expected to be more dependent on cash from operations to fullfill capital needs. If payer reimbursement doesn't keep up with cost however this major source of capital could evaporate.
HFMA Financing the Future Report, Number 4
The HFMA Revenue Cycle Survey reports financial drain caused by write-offs, bad debts, regulatory issues and delayed payment for rendered services. The squeeze continues.
At MedSynergies, we bring our clients more cash faster by using Key Performance Indicators (KPIs) that allow us to:
• Map operational outcomes to performance management indicators.
• Combine a performance management approach to our technical solution.
• Link strategic objectives to operational results.
MedSynergies brings 10 years of operational excellence in combining people, processes and technologies to produce extraordinary and repeatable outcomes. Several key metrics include:
• Increased payment per unit of service leading to higher reimbursement
per physician.
• Shortest time to cash in the industry with a very low percentage of write-offs.
• Elimination of expensive capital cost for billing systems.
• Maximized ability to track and collect the patient portion of every encounter
at time of service.