Medical Billing & RCM

Medical Billing & RCM

Leveraging industry-leading financial and clinical information systems, data and business intelligence, and disciplined work processes, we’ll help you maximize practice revenue, enhance cash flow, and improve cost efficiency.

Our Advantage

Medical billing can be a demanding and challenging task for medical practices. For this reason, many physicians or practice managers make the choice to outsource their medical office billing to aEnrichMD. There are many advantages to letting us take care of your Medical Billing. It saves time and money and eliminates the burden of concentrating on too many aspects of the medical office.

EnrichMDis a full service, practice management billing company, providing your practice with a comprehensive and cost effective solution to all of your revenue cycle management needs.

Improve Profitability/Cash Flow

We offer smarter, results-driven solutions using domain expertise, proven processes, and superior technology ensuring a higher percentage of first pass clean claims ( >97%), minimal number of days in Accounts receivables ( <35 days), lesser number of  Accounts receivables reaching 120 days, and faster charge entry and payment posting.

We will help mitigate staffing concerns, create workflow efficiencies, and enhance overall control of your practice.

Industry-certified experienced team

OurIndustry-certified experienced trained billing specialists settle for nothing less than excellence when optimizing your income and managing the entire billing lifecycle. Certified reimbursement specialists network with payers, submit cleaner claims, aggressively pursue denied claims, train your staff with the latest coding information, and guide your policies and procedures toward HIPAA compliant, industry-standard methods.

Our Technology

EnrichMD has experience and expertise in EMRs and PMS systems with complete healthcare data management solutions which support needs of any kind of medical practice.

Here are just a few of the most popular PMS we can work with

  • Altapoint
  • ALLscripts
  • Aprima
  • eClinicalWorks
  • Greenway
  • GE Centricity
  • IDX
  • Kareo
  • Misys
  • Next Gen
  • Office ally
  • Lytec
  • Medical Manager
  • Practice Fusion
  • Sequel Med
  • Siemens Signature
    and many more...

Our Cost Benefit

  • Reduction/Elimination of Billing Overhead Costs
  • Save on Hiring, Training, Salaries, Benefits, Taxes
  • Reduction of Software/Hardware costs
  • Reduction of Billing Related costs like Coding books, HCFA forms, Postage, Clearinghouse fees, Telephone expenses, Annual seminar/training fees on new regulations

Billing cost comparison

IN-HOUSE BILLING COST
Employee Salary (1)$4,2000

Social Security, Medicare, & Unemployment4,100

Healthcare Benefit3,000

Hiring, Training & Rehiring3,000

Real Estate / Office Space2,500

Computers, Software & Support4,000

Office Supplies1,500

Mailing Cost3,000

Education and Coding Seminars Annually1,000

Clearing House Charges1,750

Total Cost of In-house Billing$ 65,850

ENRICHMD BILLING COST
Average Gross Collections for Internal Medicine$300,000

Full Service Billing Fee6%

(Percentage of gross collections - typically 4-8%)

Total Cost for EnrichMD Billing$18,000

COST BENEFIT ANALYSIS
In-house Billing Cost$65,850

EnrichMD Billing Cost$18,000

Annual Savings for your Practice$47,850

More information

Contact the EnrichMD Team at info@enrichmd.com to learn how we can help improve the financial and operational health of your organization.

Request a call from
a Billing Expert

Numbers that matter

97%

Net collections ratio

92%

First time pass through claims

16 days

Average commercial turnaround

32 days

Average days in AR

4.5%

A/R over 90 days

48 hrs

Charge entry TAT

48 hrs

Payment posting Tat

24/7

Client Access to Financial Information

Optimize your revenues.

Transform the Health of your Practice

We will help  increase revenue, mitigate staffing concerns, create workflow efficiencies, and enhance overall control of your practice