Recent reforms have changed the complexion of the healthcare industry. Orthopedic group practices are pressurized to maintain a healthy cash flow and improve patient engagement amidst declining reimbursement. Managing the revenue cycle of group practices is expensive, variable, fragmented and complex. But it needn’t be that way anymore.
Effective and proven revenue cycle management strategies will help you increase net revenue and tighten your revenue cycle. Learn how our revenue management strategies for orthopedic group practices will help you increase bottom-line benefits and how analytics complement our revenue capture capabilities.
Net revenue improvement
Increased regulatory compliance
24/7 workflow. 7 specialized teams
98% first pass claim acceptance rate
Revenue cycle optimization tools
Standardized RCM processes
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Practice Management Services
Our practice management services for orthopedic group practices will help you handle everyday revenue cycle, accounting and medical billing functions more efficiently.
We offer credentialing, Medicare revalidation support, obtain contracted allowables, help with NPI registration and handle managed care contracting issues.
Medical Coding Services
Our medical coders are AAPC certified. They increase the coding throughput and efficiency of your orthopedic coding process. Reduce DNFB and increase revenue.
See how we transform your biggest challenges into opportunities
Transitioning from the tried and tested fee for services model to the riskier (though more rewarding) value based payment environment can be tough on group practices. Bundled payments provide a middle path that makes the journey less stressful. The risk and rewards are arguably, the highest for orthopedic practices. But bundled payments add more complexity to the billing and collections process and this is one reason why healthcare organizations are wary to adopt this model. You need a trusted partner to make the leap. And we are one for several orthopedic group practices based in California, Texas and New Jersey.
A powerful tool to help you thrive in a bundled payment arrangement
The Physician Productivity Metrics Tracker tool will enable ortho group practices to view the individual productivity scorecard, work RVUs, productivity metrics, charges, collections, productivity ratio and more, of physicians. Track and analyse a detailed scorecard of individual physicians in under 2 clicks. We put the power of accurate data in your hands so taking decisions and apportioning payments is no longer an irksome task.
We help you adapt to the consumer driven healthcare marketplace of today
In the current healthcare landscape it is important to simultaneously increase patient collections as well as patient engagement. At BillingParadise we help you strike the perfect balance between both.
Key benefits of our patient billing services
To know more about our patient billing services click here
Monitor vital patient payment metrics effortlessly
To survive in the patient centred healthcare marketplace you to monitor and analyse enormous amounts of patient payment data. Instead of assimilating layers of information BillingParadise helps orthopedic group practices to trim the fat and view the details that matter.
With our PatientPaymentTracker your medical group can:
See how we helped an Orthopedic clinic cope with
Adopting or replacing an EHR will have far-reaching implications in the revenue cycle of a healthcare organization. To avoid financial risks and temporary setbacks in revenue work with our revenue management experts. With right strategies, teams and technology we help you transform a tough challenge into an opportunity for growth. We recommend revenue cycle best practices to maintain revenue cycle performance during the strenuous adoption/migration stage.
With our EHR focused revenue cycle management services orthopedic group practices can:
No sweat. We work with your EHR
At BillingParadise we love working with EHRs. We work with Allscripts, NextGen, eClinicalWorks, eMDs, Amazing Charts, Greenway, Cerner and several other major EHR and practice management systems every day. To know more about our EHR billing services for orthopedic group practices click here.
We also offer:
Know how we helped a spine care center increase revenue
The backbone of all healthcare data is claims data. Tracking key revenue cycle performance metrics is essential to make process improvements and identify revenue leaks. A recent survey reveals that the top challenge faced by healthcare CFOS is tracking RCM metrics. Here’s finally a tool that gets it right.
theBillingBridge is a free revenue cycle reporting tool that will enable your orthopedic group practice to track revenue cycle metrics, view detailed collection reports, understand your claims cycle better and offer you full visibility of your RCM processes. It is built to work in the Smartphone environment and is available on both Android and iOS platforms.
It is integrated with several major PMS, EMRs and EHRs like Kareo. Data that is captured in your PMS is instantly available on theBillingBridge because it is seamlessly integrated with the system you use.
With theBillingBridge you can:
And a host of other secure, HIPAA compliant, customizable features! Sounds good? Please ask for a free demo of theBillingBridge to know why you should download it.
See how an Orthopedic hospital dealt with
"Now the Sun never sets at HOC. Its tightly coordinated orthopaedics program - from preadmission to post-discharge -- and its RCM services are key factors in its success. Cost savings have been identified in a variety of areas, including reduced staff time spent on handling lab test results, decreased dollars spent on redundant tests, eliminated denied claims, and reduced medication errors. The clinic has reported increased earnings and profits."
- Owner and CEO, Highgroup Orthopaedic Clinic
" After 90 days period, we have presented the denial report to Dr. Mona, like a clean slate with about 98.4% denials effectively managed. Dr. Mona was amazed and said, “It is incredible for me that my practice has achieved such a high reimbursement and you really jumped into the play like a knight in shining armor. Thank You BillingParadise!” "
- Dr. Mona Gonzalez, CEO
Do you want a powerful anesthetic for your billing aches? BillingParadise is your answer. Our orthopedic billing experts can up your collections ratio and decrease workflow hassles. And the best aspect of working with us is that we have a solution for every concern of yours.Read More
Most orthopedic practices struggle with revenue loss after a compliance update. At BillingParadise we minimize regulatory pressures by staying on top of evolving regulations and ensuring that your practice is completely compliant. Mitigate the risk of non-compliance and eliminate audit risks.Read More
Contain costs with our orthopedic EHR/EMR billing support. Missed dinner again?Most users complain that an EHR adds to the number of hours they work. We bill and process claims within your EHR system so you can get back home early. And spend less time worrying about,whether you fed your system with the right billing information.Read More
BillingParadise's stand alone old AR clean up / recovery service will let you submit accurate & error free claims. Which means our dedicated AR management team will follow up with your old unpaid claims. We will assign you a dedicated insurance specific calling team who knows the language of your payer. Our AR callers are orthopedic specific, trained and certified professionals.Calculate your Pending AR