YOUR ONE-STOP SHOP FOR ALL CONSULTING NEEDS
At MedBridge, we are well into our second decade of providing development, management and revenue cycle services predominantly to ambulatory surgery centers (ASCs). We break the mold by offering a full line of services for all your ASC or physician practice consulting needs. With the movements and transitions that are constantly occurring in the medical industry, it is easy to fall short of your full potential when focusing on the clinical side of your business. That is why MedBridge steps in to assess, advise and apply expert knowledge to ensure that your ASC or physician practice is a success!
REVENUE CYCLE AUDIT
Best collections practices
Inefficient and ineffective collections can impair your ability to hold payers accountable for the money you are due. MedBridge will examine your cases to determine deficiencies in collection habits, where your time and energy could be better spent and what methods are being used to ensure that balances are not just sent for “write-off” or “bad debt.”
Using our knowledge of outpatient specialties, we will:
- Review your payments according to contract provisions and industry standards.
- Identify areas wherein you might be leaving money on the table.
- Ensure that payers are not getting away with underpayments.
Thorough, accurate coding
MedBridge will review your coding and documentation against industry standards and payer-specific rules. Our goal is to always ensure compliant, accurate reporting of services while maximizing reportable and reimbursable services by payer.
We will provide detailed reports showing where your business stands compared to industry standards and payer-specific rules so that you can determine the accuracy of your coders. Through this analysis, MedBridge will help lower your risk for payer audit and ensure accurate billing for every dollar due!
As with any investment, partnership should be undertaken with caution and proper guidance. Just as a financial planner advises your portfolio or a Certified Public Accountant gives tax advice, MedBridge provides partnership advising services to maximize and protect your investment. Whether you are looking to invest in a facility or are currently a partner, our expertise can help ensure that you get the most out of your partnership.
MedBridge will assess your facility’s current financial state by reviewing your general ledger and evaluating your current bookkeeping methods. We will then determine areas of improvement and implement bookkeeping best practices. We will also review your balance sheets and income statements.
Business office operational assessment
MedBridge will assess your current accounts payable, pre-operative and scheduling procedures and implement new procedures in order to get the most profitable cases on your schedule. We will also review your facility’s current medical records filing system to ensure maximum efficiency.
MedBridge will conduct interviews with partners and key managers, review job descriptions for all personnel, evaluate employee files and analyze compensation profiles and benefit packages. After a thorough audit, we will implement staff development and training measures as well as recruitment, hiring and separation best practices.
MedBridge will review your agreements against your reimbursement history to give you the whole picture of where your contracted reimbursement stands. We will negotiate new and existing agreements for your facility, review out-of-network contract offers and reduce the time you would spend attempting to negotiate a deal yourself.
Clinical review/accreditation prep
MedBridge’s clinical operations staff will advise on all regulatory requirements and provide a thorough review of all licensing, credentialing and life and safety issues for your facility. We can also oversee/provide guidance for Medicare certification and/or help facilitate accreditation surveys (preparation for or day-of management is available).
MedBridge will consult on site selection or facility improvements, architect and consultant coordination, design and construction management, OSHPD and other regulatory requirement reviews, and equipment selection and procurement.
Online reputation management
The cost of a bad online reputation is staggering. MedBridge offers online reputation management for your facility and is committed to bolstering your facility both in and out of the operating room. Our tech-savvy online management team will assess and review your online presence, implement a strategic growth plan and continuously monitor and manage your online activity to ensure that you are controlling your reputation and getting patients to say “yes” to your facility.