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| PHYSICIAN TESTIMONIAL: |
Practice Specialty: Cardiology, Cardiothoracic, EP Studies Surgery
Objective: Outsource Medical Billing & Coding
Services Utilized: Revenue Cycle Management & Medical Billing and Coding
Primary Benefit: Increase in profitability
Notes: As I review the summary of collection statements for this year and compare with the previous, I have two words for you: THANK YOU!
A local physician, with the same billing service for more than 10 years experienced cash flow inconsistencies and a gross collections rate of 25.7%. After confronting the billing company, collections improved but were still underperforming industry best practice benchmarks. "Because of our long history of dissatisfaction, we made the switch to PhySource in 2004.For that entire year as a PSBS customer, gross collection held steady at 49.7%*! That is incredible."
Keep up the good work. I am happy to recommend your services to others. Again, thank you and thanks to your hardworking staff.
Steve H.
EP Physician
San Diego, CA
*MGMA Best Practice Benchmark of
Gross Collections for an EP Physician is 43.54% |
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| PRACTICE ADMINISTRATOR TESTIMONIAL: |
Practice Specialty: Cardiology Surgeons
Objective: Outsource Medical Billing & Coding
Services utilized: Revenue Cycle Management & Medical Billing and Coding
Primary benefit: Increase in revenue, reduction in account receivable PhySource Solutions has dramatically changed how our revenue is managed. We have a team of specialty coders dedicated to our account. They are instrumental to the successful coding of operative reports for our surgeons. The partnership we have formed with PhySource Solutions goes beyond that of billers, they provide useful feedback on workflow processes, denial management, proper EM documentation and so much more. Our experience with our previous billing partner was frustrating; they never took responsibility for their lack of focus on our account receivable aging and we suffered with inconsistent revenue.
Mary A.
Practice Administrator
San Diego, CA |
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| SURGICAL CODING TESTIMONIAL: |
Type of practice - Cardiovascular-Thoracic Surgeons
Objective: Outsource Cardiothoracic Surgical Coding
Services utilized-Coding of Operative Reports
Primary benefit: Fast, efficient and accurate coding PhySource Solutions expertise in coding for cardiovascular and thoracic surgery offers many benefits; the most important is their ability to code the complex procedures associated with these specialties. They measure their performance and offer ongoing reports to pin-point where improvement in documentation is needed and where opportunities to optimize our revenue were missed.
Neichia
Practice Administrator
La Jolla, CA. |
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| *Additional References/Testimonials available upon request |
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