Today, many physicians find their medical practice or facilities generating expected or growing monthly charges but are not realizing the same growth in their reoccurring cash flow. Unless specific and consistent active accounts receivable follow up on the current billings is initiated, it is common to find a provider with excessive amounts in medical A/R that are greater than 180 days outstanding.
Usually the volume of outstanding claims and the time it takes to research, correct, appeal, and/or re-file the claims will take much longer than anticipated. A limited number of staff devoted to this task will not be able to accomplish the goal, which is to substantially reduce/eliminate the outstanding A/R and collect as much money as possible in a short period of time.
The medical A/R program offered by MGSI overcomes the problems that traditionally hinder collection efforts by the individual providers. MGSI pursues these accounts by assigning a full team of individuals to “blitz” them. We utilize experienced, well-trained individuals in the medical billing process as our collectors. Most of these employees have years of experience in medical billing collections and coding.