Your financial health is greatly influenced by your ability to answer questions such as the following: Which of your contracted carriers has the highest reimbursement rate, and which has the lowest? This is crucial information to have when renegotiating contracts with your insurance carriers. How effective is your current appeal process at obtaining payments on denied claims? A slow or ineffective appeals process can severely limit your practice's income. Has your practice experienced a change in the number of patients that are seen, procedures that are performed, or average charge per patient? Knowing this information allows you to quickly react when changes in practice trends occur, enabling you to better guide the direction of your office. What percentage of your total accounts receivable has aged past 90 days, and why is it important? Your 90 day account receivable rate represents the percent of claims that were improperly submitted or appealed. Claims passing this threshold are less likely to be collected due to carrier appeal time frame limitations. Our custom financial reports clearly illustrate the answer to these questions and more.  Each month you can quickly find out how well your practice is performing compared to previous periods, and also what you can expect in the future.  These reports are just one reason you should outsource your medical billing to HRV & Associates. Our goal is to achieve the highest collection rate possible for our clients. Denied claims are aggressively pursued by filing exhaustive appeals. You will find our fee to be below the industry average and less than the cost of hiring, training, and retaining your own billing staff. We maintain HIPAA compliance. Our billing specialists keep up to date on coding changes through continuing education. Patient and office billing questions are answered promptly and courteously. We routinely audit explanation of benefits for carrier contract compliance. HRV & Associates is dedicated to providing personalized, accurate, cost effective medical billing solutions for our clients. We accomplish this by maintaining the highest levels of knowledge, integrity, and professionalism. This commitment enables us to become a valuable resource to the medical professionals we serve. Copyright © 2008 HRV & Associates All Rights Reserved.