Practice Management

Practice Management 2018-09-25T15:57:13+00:00

What Does “Practice Management” Mean?

Practice Management is all about going the extra mile to ensure your practice is running to the best of its ability. With practice management services, you feel like you have an extension of your in-house team off-site, looking out for your financial interests. Practice management covers all the knowledge and processes involved in running a medical practice – all the administrative tasks that are the responsibility of an owner or practice manager.

Innovation Billing’s goal is to ensure that your practice is running as smoothly and efficiently as possible. That includes finding new ways to increase your revenue and get paid faster.

Part of Your Team

Innovation Billing isn’t just your outside biller—we’re an off-site extension of your team. This means that you have access to a team of experienced and knowledgeable health information professionals. When you have concerns about an in-house process, a financial problem, or a compliance question, we’re always available to give suggestions and feedback. Even if you’re thinking about something that isn’t technically in our “job description,” you can always shoot us an email or give us a call to see if we have any thoughts about it.

Workflow Building

One of the first steps we take in working with a new practice is to do training on using AdvancedMD (our Practice Management system) and a couple of other systems we use for securely sharing files and working on collaborative documents. Sharing these systems allows our staff to work with your on developing the most effective workflows for processes like entering patient information, maintaining your schedule, entering patient payments, processing refunds, and communicating services to be billed. If you choose to use additional integrated systems, we can also work with you on the best way to collect patient forms (like consent forms and questionnaires) and maintain medical records.

Contract Negotiations

When you sign an insurance contract to become in-network/participating, you become subject to set rates and lose the ability to balance-bill your patients. This arrangement is why it’s so important to aggressively negotiate the contract with insurers. Our CEO, Marnie Cabezas, helps in negotiating or renegotiating insurance contracts to help secure the most competitive reimbursement rates available.

Please note that your practice and providers must be credentialed (setup with an insurance carrier for out-of-network reimbursement) before contracts can be negotiated for in-network rates.  While we do not include credentialing in our standard fees, we partner with a third-party credentialing service for special pricing, and our staff manages the process.

Integrated Systems

In addition to basic access to AdvancedMD, we also offer special pricing on advanced features of AdvancedMD, include their robust EHR, electronic prescribing, and their smoothly integrated patient portal. Our staff provide training and customization for these systems to help get (and keep) you running smoothly while fitting the specific needs of your practice.

Billable Opportunities

Early on in our sign-on process, our CEO, Marnie Cabezas, meets with each practice to go over big-picture financial questions, such as fees, billable services, and any plans for growth. During sign-on meetings, and continually as you work with Innovation Billing, our team will look for missed billing opportunities and areas where the practice may be losing revenue during the workflow process.

Access to AdvancedMD

Basic access to our Practice Management system, AdvancedMD, is available as part of our standard billing fees. This includes use of the scheduler, online charge slips, and on-demand reporting. We provide this as part of our normal fees because we don’t want the question of an additional fee to keep you from utilizing the secure, modern, and feature-packed abilities of AdvancedMD, or from being able to take advantage of the efficient workflows our staff can help you develop in the system.

Features

When it came to choosing a billing and practice management system, AdvancedMD was leaps and bounds ahead of other options. Not only is AdvancedMD committed to providing the best technology for independent practices, their HIPAA-secured system offers a plethora of easy-to-use features to help your practice take a step into the future. In addition to the basic features (like scheduling and reporting) that are available to all of our clients, AdvancedMD can provide many solutions to help you keep your focus on the patient, instead of on your computer screen.

Learn More

Features

When it came to choosing a billing and practice management system, AdvancedMD was leaps and bounds ahead of other options. Not only is AdvancedMD committed to providing the best technology for independent practices, their HIPAA-secured system offers a plethora of easy-to-use features to help your practice take a step into the future. In addition to the basic features (like scheduling and reporting) that are available to all of our clients, AdvancedMD can provide many solutions to help you keep your focus on the patient, instead of on your computer screen.

Learn More

Ready To Get Started?

Are you ready to learn more about what Innovation Billing Service, Inc. can do for your medical practice? Fantastic! Let’s learn a little more about your practice and needs.

Let’s Get Started!