Md technologies powerpoint_presentation
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The document outlines healthcare technology and service solutions, highlighting their practice management system, Medtopia®, and their revenue cycle management (RCM) services, which aim to enhance revenue and efficiency for multi-specialty practices. It emphasizes benefits such as reduced A/R days, lower operational costs, and higher collection rates through professional billing and coding. The company, MGSI, is noted for its extensive experience and HIPAA compliance, alongside offering technology and support to streamline operations and secure data management.
Md technologies powerpoint_presentation
- 1. HEALTHCARE TECHNOLOGY & SERVICE SOLUTIONS And Its Subsidiary
- 2. Where healthcare and technology converge
- 3. Convergence = one solution for total practice management
- 4. Solutions Revenue Cycle Management (RCM) Practice Management System: Medtopia Manager Electronic Medical Records Mobile Charge Capture Document Management Software Time Share Available
- 5. RCM Services Provided by our subsidiary MGSI Same management team for 14 years Rated among top 10% RCM companies in the country Consistently performs at levels superior to industry standards Nationwide service Multi specialty and stand alone facilities experience Coding, billing, A/R Management experience across all payers
- 6. Benefits Increases revenue and profitability Minimizes government audits Reduces / eliminates software expense Accelerates cash flow Reallocate billing department space Keeps providers/managers in the know
- 7. Increases Revenue and Profitability Professional billers and certified coders maximizes reimbursement Reduces days in A/R Reduces salary and benefits expense Substantially increases revenue without increasing patient encounters
- 8. Claims electronically submitted daily More accurate first time billing Appropriate coding for all services rendered Average days in A/R are reduced Timely claims follow-up Timely resolution of denials and appeals Accelerates Cash Flow
- 9. Medtopia Manager MD Technologies Proprietary Practice Management System Delivered over the Internet (web based) Electronic submissions and remits 24 hour access Low monthly subscription fee Full billing and collection capability HIPAA Compliant Hosted in secure off-site data facility Excellent customer support
- 10. Electronic Medical Records Seamless integration with our practice management systems Full individual patient medical record Enhances provider productivity and efficiency All data secured and HIPAA compliant Minimizes government audits
- 11. Mobile Charge Capture Interfaces with Medtopia Manager and Misys All data exchange secured Excellent for hospital physician services Operates on Blackberry and select Palm devices Accelerates reimbursement Partnership with PMD Soft
- 12. Document Management Eliminate paper files All data secured and stored at an off-site secured facility Web based, user friendly, quick searches Cost effective and highly efficient Partnership with eBridge Solutions
- 13. FAQs
- 14. Why outsource? Increases and maximizes billing revenue Professional certified coders and billing experts increase both the amount and the timeliness of payment Days to collect substantially better than national average Practices outsourcing billing and collections do experience a reduction in expenses
- 15. Respondents to MGMA survey noted that the use of a billing company achieved the following results: 72.7% reported reduction in AR 72.7% reported improvement in collection rate 59.1% reported a decrease in lost or denied claims 45.5% reported an increase in staff productivity Reported a better understanding of practice financial and physicians performance Source: Medical Group Management Assoc. July 2008 Study
- 16. Why should I choose MGSI as my billing and collection company? Over 1 billion dollars collected A/R collection cycle substantially better than the national average Multi-specialty experience HIPAA Compliant Certified Coders Experienced Staff that is continuously educated on latest reimbursement changes Nationwide Coverage
- 17. What are the other benefits? We remove the burden of the billing departments turnover, training, continuing education, supervision and fluctuations in the volume of work Removes the practice from the Information Technology chase as MGSI provides the practice with the latest Practice Management Systems Frees up Administrative Staff time allowing the practice to run even more efficiently Daily off-site secure data backup
- 18. I have a system. Why change? We offer a free initial practice analysis to determine the best solution We include the latest technology when you utilize our RCM services Omit the costs for software upgrades and maintenance (often $10K or more)
- 19. Is my data secure? Access is secured using proven cryptographic methods Our servers are located in two Tier IV data centers Daily and hourly backups are encrypted and stored off-site This Applies Only To Medtopia ® Manager
- 20. How is your customer support? Excellent customer support Hours of operation: 8am to 5pm central time No voicemail or call centers Friendly experienced support representatives Your issues are addressed immediately This Applies Only To Medtopia ® Manager
- 21. RCM Case Studies