Medical Billing and Collection is the largest billing company in the UK. We have over 29 years of experience of assisting individual consultants working in private practice, clinical groups, private clinics and hospitals with their billing that has enabled us to grow, through client referral, to over 1500 consultants.
This means our clients benefit from the following:
Increase net income by up to 25%
We ensure that your billing revenue is optimized which can lead to an increase in your net income of up to 25%. This is achieved by ensuring that your clinic/theatre data is billed in the correct way taking into account the nuances of each insurance company.
Reduced bad debts to an average of less than 0.5%.
We have robust and efficient processes in place for chasing unpaid invoices, following up on shortfalls and problems with claims which results in a vastly improved cash flow
We help you with your patient relationship and give you time back
The relationship between the Practice and the patient is kept purely at the medical level, this ensures that the relationship is not tainted in any way from the commercial aspects of the practice.
We allocate each consultant their own dedicated Personal Account Manager who is responsible for all aspects of the billing process. This means that they gain insight into how you work, which enables us to tailor our service so that we become a seamless extension of your practice.
You will always have best practice
When a consultant decides to join us we place them in “Intensive Care”. This is where we get to understand the particular way your practice works so that we can tailor our service to your specific needs.
Our expertise in ensuring that all the relevant information is present and correct when raising the invoice means there are no delays in the acceptance of the invoice.
Our Practice Relationship Management module allows you to have online access to a wide range of financial data relating to the practice.
We provide efficiency and speed
We always aim to bill within 24hrs of receiving the clinic/theatre date which means that there are no delays in the billing which in turn ensures we can chase the money in a timely manner.
Once we receive the money from the payee, payments are accurately reconciled and invoices from shortfalls raised promptly.
We ensure there is no disruption to the vital billing process for the practice from staff absences or staff turnover.
24/7 payment collection and E-billing of patients and PMIs
We take payments 24 hours a day 7 days a week via our payment portal. Patients and private insurance companies are invoices electronically. This not only improves your cash flow but also your patient payment pathway.
To find out more about how your practice could benefit from partnering with the market leader in medical billing contact us today.