Practice Management
medical practice management dallas tx

Physicians improve their medical office efficiency and profitability with the help of expert practice management consultants.

Billing and Coding
medical billing and coding

Keep your practice running smoothly and under complete financial control with our consultants' expert billing, coding and collecting assistance.

Medical Credentialing
medical credentialing consultant

We ensure your practice maintains credentials with essential entities like insurance providers, care facilities, IPAs, and licensing organizations.

Archive for the ‘Medical Billing’ Category

Streamlining the Medical Billing and Coding Process

Posted on January 13th, 2015

Billing and Coding DallasOne of the most cumbersome and inefficient processes faced by the typical medical practice is billing and coding. Dallas physicians and/or their staff members have to deal with myriad technical requirements in order to bill accurately and make sure they receive reimbursement. Here are just a few of the ways that an experienced third party can help streamline this process.

Taking Away the Burden

Billing and coding in Dallas can take physicians and staff members from other tasks that have a direct effect on patient comfort and satisfaction. As a result, that can have a substantially detrimental impact on profitability. A third party can serve as a practice’s business office, freeing personnel to focus more on providing the highest possible level of medical care.

One of the most important services a third party can provide is to streamline the billing and coding process. Typically, a professional will assess your practice’s operations and provide you with a review that will spell out how to eliminate some of the bottlenecks that can keep you from getting paid for the services you offer. Seasoned providers will have all the tools needed to deal with all the complexities while ensuring your payments are correct and timely.

Denial management is another vital component to billing and coding. Dallas medical practices have to keep their denial rates as low as possible, obviously, in order to be as profitable as possible. A third party can help make that happen. Effective providers know how to reduce the number of claims denied because of errors in coding. Whatever claims are denied or rejected due to other reasons will be thoroughly investigated, and then either appealed or resubmitted.

Let the professionals with Synergy MSO show you how we can help streamline your billing and coding in Dallas and make your practice more profitable than ever before. Contact us online or call us at 214-550-1469 to learn more.

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Categories: Medical Billing

How the Medical Billing Landscape Has Changed

Posted on December 16th, 2014

Changes in this Critical Medical Practice Management Component

Medical Practice ManagementWhen the Affordable Care Act went into effect in 2014, medical practice management changed in several ways. One of the most important changes occurred in the area of medical billing services. Now that the dust has settled somewhat, here is some information on how some practices have adjusted to these changes.

Scheduling

Many doctors have found it necessary to alter their schedules so that they can provide their services in the most efficient manner that still brings in the most revenue possible. They are turning to software products that help them carve out enough time to see not just sick patients, but healthy ones as well.

Paying Attention to the Details

Physicians have known for a long time that keeping their health records electronically not only saves a great deal of time, but frees staff members to focus more on other critical aspects of medical practice management. But it has become more important than ever to make sure these records are as accurate as possible.

Those who simply copy and paste information can make serious errors that could create confusion in terms of a patient’s progress. Staff members need to include as many details as they can regarding surgical procedures and diagnoses. By doing so, physicians will be able to streamline their reimbursements so potential revenue does not fall through the cracks.

There are several ways that doctors can substantially improve their medical billing procedures in order to obtain the highest reimbursement rates. As the medical practice management landscape continues to change, the professionals with Synergy MSO can help you adjust as necessary. Whether you practice in Dallas, Fort Worth or anywhere else in the area, give us a call at 214-550-1469 or contact us online to learn more.

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Categories: Medical Billing, Medical Practice Management

Selling or Merging a Practice and Services?

Posted on May 16th, 2014

Know WHEN and WHY to Sell or Merge Your Practice and Services

With the current economy still unstable and the Affordable Care Act causing panic among some in the medical community, more and more physicians are considering selling or merging their practices and services. While doing this can certainly be beneficial, if it’s not done right, you could end up costing yourself financially and in terms of your reputation as a medical professional. Below are some considerations to keep in mind if you are thinking of selling or merging your practice or services:

Selling or Merging a Practice and Services

Your Reason

First and foremost, you need to think about the actual reason you want to sell or merge. Have you considered all available solutions? Is your reason a financial one that could be solved in some other way? Are you wanting to merge in order to provide better patient care? Determining your reason before making any decisions is crucial to the success of a sale or merger.

Start Planning

Once you’ve determined that a sale or merger is the best course of action, you should begin planning. Planning before taking any type of action can greatly affect your odds of success or failure. This means determining what your strategy will be, even if you don’t have a specific partner in mind or if you do not have a potential buyer lined up. Do you need to get rid of the practice as soon as possible or can you wait? Do you want to merge with a practice that offers a specialty in order to add to your current offerings or are you interested in a similar practice for expansion? During your planning, it would also be a good idea to consult with a member of our medical consulting team for added assistance.

Document Everything

Throughout the process of a sale or merger, you need to document everything. From the first meeting with a potential partner through to the last day that the practice is yours alone, you need to keep records of all decisions, and these records need to be signed and available to all involved parties. Failing to keep accurate records, such as medical billing during the transition, could cause your entire deal to go wrong when you least expect it, so ensure that everything taking place is communicated clearly and agreed upon before taking any action.

Interested in Selling or Merging?  Synergy MSO Can Help

As a medical practice management and medical consulting firm in Dallas, TX, Synergy MSO is available to help physicians sell or merge their practice and services. The experienced professionals at Synergy MSO can guide you through each step of the process, making things easy and efficient. With your specific goals in mind, Synergy MSO can help you to craft a strategic plan of action that will give you the best outcome.

To learn more, contact Synergy MSO today at 214-550-1469.

 

 

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Categories: Consulting, Medical Billing, Medical Practice Management
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