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Genesis Medical Billing Service. Give GMBS 1% of your trust, and we guarantee you that we will earn the other 99%. BILLING FACTS. of all medical practice income is lost due to:under pricing under coding missed charges un-reimbursed claims. Cost of in house billing?. Staff hours- sendin
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2. GENESIS MEDICAL BILLING SERVICE
3. Genesis Medical Billing Service Give GMBS 1% of your trust, and we guarantee you that we will earn the other 99%
4. BILLING FACTS ¼ of all medical practice income is lost due to:
under pricing
under coding
missed charges
un-reimbursed claims
5. Cost of in house billing? Staff hours- sending claims and tracers, responding to patient inquires, copying and running reports.
Benefits paid- for staff vacation, sick time, work comp insurance, disability insurance and payroll taxes.
Supervisory time- your time and your manager’s time.
6. Cost of in house billing? Lease costs- for space taken up with desks, chairs and file cabinets
Support cost- forms, envelopes, postage, billing manuals, phone charges and continuing education for staff.
Computer costs- hardware and software maintenance.
7. Why Outsource? Reduce your overhead
Eliminate paperwork
Maximize reimbursement and receive most payments within 14 to 21 days
Minimize your rejected claims and reduced your error rate
8. Why Outsource? Have more time to focus on quality patient care
Reduce physician and office management headaches
Eliminate the high cost of hardware and software upgrading and updating
9. WHY GENESIS MEDICAL BILLING SERVICE? 29 years of experience in the healthcare, insurance, and medical billing industries.
Prompt, thorough & affordable services that you can trust
Guaranteed quality service
10. WHY GENESIS MEDICAL BILLING SERVICE? Professionalism, integrity and expert knowledge in medical billing
Focus on claim accuracy for our clients
Electronic claims procssing
11. How Can GMBS BENEFIT YOU? Audited billing process that decreases cost to the practice.
Educate the staff to improve collections processing
On-going quality assurance of the claims submitted
Persistent follow-ups on all claims
12. How Can GMBS BENEFIT YOU? Tracking the successes within the billing process for the practice
Monthly reports
Develop of action plans to improve revenue with first submission.
Prompt posting of payment
13. How Can GMBS BENEFIT YOU? Tracking program to identify problems and trends with the denials and suggest items for improvement.
Total # of denials
# of claims written-off
# of denials followed –up
Reason for denials
14. What other services GMBS offer? Physician & Staff Credentialing
Staff Orientation & Training
Medical Transcription Service
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