If you’re responsible for payer enrollment at a medical group practice today – we bet that your process looks something like this:
You’re getting the job done, but you might also be losing money. A lot of money!
If a busy provider bills approximately $10,122/day and it takes 90 days to enroll a provider, you’re at risk of losing $900,000+ in revenue. Scary right?
One medical group in South Dakota revealed to us in confidence that they had $350,000 in aging receivables.
One northeast medical group showed us a giant stack of papers covered in sticky notes (to highlight required fields) that they mailed out to onboard new providers. This process cost them a lot of time and money. And, once the paperwork was sent, they had no way to track whether the paperwork was being completed or not.
When one of our customers decided to try another vendor, that vendor failed to keep its lofty promises. After a lengthy implementation cycle, they were unable to get this competitive solution live. We welcomed the customer back, and worked quickly to get them live, but they wound up losing quite a bit of time and money in the process.
One mid-sized medical group was submitting enrollment applications completed by hand! Key fields were often missed and data was frequently illegible. Payers regularly rejected applications, costing this organization real money, as they could not be reimbursed for providers’ services until the errors were corrected.