Getting It Right. . .From The Start
MedCorp helped me get started right out of medical school. I had been trained as an endocrinologist and did not know much about the business side of medicine. They took the fear out of getting my practice started. They even bought my furniture and had it in my office when I got to town. They assisted me in getting all of my provider forms completed for BCBS, Medicare and Medicaid. I do not think I could have gotten started without the help of MedCorp.
MedCorp took over the billing operation for a family practice physician when the hospital who had owned the practice abruptly decided they did not want to be in the clinic management business anymore. The doctor was lost and felt helpless as he had never had to manage his practice. The billing component of the business scarred him the most. MedCorp was able to take that fear away and provided the doctor with a safe and efficient way of getting the money he was due from the services he provided.
MedCorp was called by a local hospital to completely manage a psychiatrist practice that was moving into town. MedCorp handled the complete setup of the physical office as well as the business management side of the practice. The hospital took care of the physician’s salary and benefits and MedCorp took care of everything else. The physician only had to worry about his practice with the patients and everything else including the billing was taken care of.
MedCorp was contacted by a family practice doctor whose AR was out of control and for assistance. MedCorp did an analysis, refiled claims and within three months the practices’ AR was under control. In fact, the days in AR exceeded the Medical Group Management Associations (MGMA) recommendations for days in AR. The day for gross Fee For Service (FFS) charges in AR were less than 40 days. The percent of charges over 120 in AR were less that 10%. The adjusted FFS collection % was 99%. Needless to say the physician was very, very happy with the status of his accounts receivable.
