Claim denied?
We reviewed them, fixing errors, and resubmitted.
YOUR PRIVATE PRACTICE IS LOSING MONEY
In marketing? In your commercial lease? In your employees stealing office supplies?
No, it’s losing money because of poor revenue cycle management.
In private practice, the average clinic loses around 20-30% of their annual income to this.
Surprised?
Take a moment to think about that.
Think of how hard you work.
How diligently you take care of your patients.
Chances are, you’re not getting paid for a big chunk of it…Don’t believe me?
Are you correctly credentialed with insurance companies?
Is your scheduling system efficient and effective?
Are your patients paying you their copay every time?
Is your insurance coding correct?
Are you submitting all your insurance claims on time?
Are you submitting them correctly?
Are you following up with delayed or denied claims?
Are your fees set too low?
Are you following up with missed appointments?
Every step of the way, you might be losing money.
Why is this?
Insurance companies aren’t there to help people access healthcare – they’re there to make a profit.
So when it comes to submitting claims, it’s in their favor to make the process as complex and frustrating as possible
CHECKED THE WRONG BOX ON A FORM?
FILED IT ONE DAY TOO LATE?
YOU DIDN'T GET PAID?
But that’s not fair to you, the healthcare provider.
You do the work, you provide the service, and you don’t get paid for it?
What does this mean?
It means insurance companies are taking your money.
They’re taking your hard earned money and giving themselves bonuses with it instead.
With a situation like this, what’s the solution?
Work even harder to make up the difference?
That’s not fair, and it’s not sustainable. A third of healthcare workers already feel burnt out at any given time.
Here at Symbiosis, we believe in the old saying “work smarter, not harder.”
And we’ve got a solution.
PRIVATE PRACTICE REVENUE CYCLE MANAGEMENT
At Symbiosis, our team of billing and coding experts bring years of experience to the table.
We know how to navigate the complex and frustrating world of private practice revenue cycle management.
We can help you plug the holes in your clinic’s finances by:
AND SO MUCH MORE
What does this mean for you?
PEACE OF MIND?
MORE VALUE FOR YOUR TIME?
REDUCED STRESS?
All of this is true. So, let’s talk numbers
WHAT WOULD YOU DO WITH AN EXTRA $30,000?
This is the question one of our partner practices were suddenly faced with after working with Symbiosis.
How did we do this?
Simple.
We reviewed their accounts, looking for patients who weren’t paid up.
From there, we looked at why.
Claim delayed?
We followed up with insurance, pushing them for a resolution.
Claim never submitted?
We filled them out and submitted them.
It might seem like small potatoes, but over time it adds up.
“It feels like we just won the lottery!” they told us when we delivered the news.
So, what would you do if that much money suddenly fell into your lap?
Increase your private practice digital marketing efforts to keep growing?
Upgrade some of your private practice equipment?
Or maybe you’d just like to go on a well deserved vacation with your loved ones?
That’s the difference Symbiosis can make.
LET’S TAKE A CLOSER LOOK AT HOW WE CAN HELP.
SYMBIOSIS CAN HELP MAXIMIZE YOUR REVENUE
Making sure your claims are submitted accurately and on time is the single most important thing you can do to maximize your revenue.
We’ll also help you stay on top of things like authorizations, benefits verification, and insurance claim follow ups.
This reduces your claim denials and rejections, and helps you get paid on time for your services.
SYMBIOSIS CAN HELP RELIEVE YOUR ADMINISTRATIVE BURDEN
Revenue cycle management is a lot of time consuming work.
Chances are your front desk staff isn’t trained to do this at a high level.
So relying on them to take care of your revenue cycle, on top of all their other responsibilities, is a recipe for disaster.
And of course, every hour you spend on managing your revenue cycle is an hour of lost revenue from treating patients.
Instead, trust the professionals.
Let Symbiosis take care of your revenue cycle management.
That way, you can focus on what you do best – practicing medicine.
SYMBIOSIS CAN HELP YOU PLAN FOR THE FUTURE
Our in-house revenue cycle audits give a bird’s eye view of how your clinic is doing. This gives you a clear view of your practice projections for the future.
ARE YOU PLANNING TO HIRE A NEW CLINICIAN AND EXPAND YOUR PRACTICE?
DO YOU HAVE AN UNDERPERFORMING CLINICIAN DRAGGING YOUR PRACTICE DOWN?
Whatever your future plans, Symbiosis can help you prepare for them in a sustainable way.
IT’S TIME TO CONTACT SYMBIOSIS TODAY
In today’s day and age, we’re all feeling the squeeze.
Inflation and rising costs can be stressful.
Let Symbiosis help.
We’ve helped many healthcare providers just like you recover their lost revenue.
Wherever you are in your journey as a healthcare provider, Symbiosis will be there every step of the way to help.
So, why not book a complimentary consultation to find out more?
It’s easier, and less stressful, than you think.
