Medical Billing and Management

FREQUENTLY ASKED QUESTIONS (FAQs)

Why should I use an outside billing company?

·         More Time for Patients

o   We focus entirely on the business side of medicine and let clients focus on their practice

 

·         Billing Company = Broad Experience

o   Billing for multiple medical specialities in varied geographies allows Medicorp to identify payor trends more quickly and provide expert advice on coding and collections.

·         Cost

o   The direct and overhead costs associated with in-house billing for small to medium size practices usually exceed that which a billing company can offer by nature of its volume and concentrated expertise

·         Compliance

o   Medicorp has an active compliance plan, and along with oversight by the Compliance Officer, our trained staff conduct routine audits and provides continuing education. Often times the expense of such a thorough approach by a practice is cost-prohibitive

How is data collected and stored?
Electronic Interface from Hospital Information System, Electronic Health Record or Practice Management System

Electronically Delivered from Client Office to Medicorp via Secure Scan of Paper Documents (Medicorp provides Software and Hardware based on Client Volume)

Paper via superbill, charge ticket or requisition collected by Medicorp

Electronic data is stored, including daily transactions and scanned paper images, via encrypted transfer to an offsite data storage facility

What are the Fees?

Medicorp only collects fees on what we collect for our clients. If we don’t do our job, we don’t get paid.