CPO Services Costs less..
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"Orthotic and Prosthetic in house billing costs are not just software and an employee’s wages." Some of the things you are currently paying for:
CPO billing services replaces these
fixed costs with an efficient team,
whose cost is tied to your income.
Better than Software and a clerk: We get the bill paid and provide you
with valuable insight into your practice. We put all the information you need
in real time reports on your computers.
They are always available to
you
AT NO EXTRA COST
and we are always available to
help you get them.
CPO Services makes the big difference! Your Office has a high pressure environment
with
immediate problems to be met.
Eligibility, prepayment, you’re talking to
your patient who must be understood, immediate response best
describes the situation your office personnel must act on
quickly and well.
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Hospitals
and Large Facilities!Payers don’t understand Orthotics and Prosthetics or
patients, but must understand how the claim relates to the policy or
they won’t pay.
CPO services has a very
different environment the best available
personnel of several different skills, patient
persistence, a system where claims or parts of claims don’t get lost, and a
ruthless determination to get all
of the claim paid.
What insurance payers understand.
We understand that in this world, deductibles
and co pays
are not the only problem. Patients need to be billed for their
balance regularly. They must be contacted promptly for unpaid
balances.
Claims collection has many steps. Miss one
and part of the valuable claim is lost.
Your office looses revenue on dropped claims or lines:
- Claim needed better diagnosis: CMN, problem not followed up on, claim dropped instead
- Clearing house rejections: software doesn’t interface, claim went paper, problem not followed up on, claim dropped instead.
- There is often more than one clearing house a claim must go through to correctly stay electronic. If the problem is not followed up on, it gets dropped instead.
- Paper claim, not processed, no follow up, dropped instead
- Patient never got billed, not followed up on
- And there are more...
"The percentage of loss can add up quickly, with 14% to
20% often the norm."
Fixed Overhead is especially dangerous in this time of tight money vs. variable cost.
A well known accounting rule of thumb says: Overhead is equal
to,
or more than the employee’s wages.
Here are a few of your current overheads you eliminate:
- Software costs and billing program updates
- Clearing house and consultant fees
- Mail postage, preparation, handling, ...to name just a few
- Data back up and retention
- Improper back up, computer crashed, all data lost
- Training Orthotics and Prosthetics is very specialized "you snooze you lose".
With CPO Services you as an Orthotic and Prosthetic facility have
the best of all worlds. You only pay a small percentage of the
income that the best personnel with many specialized O and P billing
skills produces.
Administrative Time: A very special cost.
How much time do you spend fixing billing problems?... More
than you want to admit. Remember a practitioner is worth at least
$200 an hour. (If you don’t believe it, divide what your practice
brings in by number of hours you work and see for yourself.
Please don’t
figure in the time you spend with billing, that’s what we’re talking
about.)
But, there is even more cost...
All that stuff: cabinets, files,
shredding, servers, document storage, HIPPA compliance, more and
more.
Medicare/Insurance: are constantly changing their coverage and
requirements - are you monitoring them?
Office Space: Is not free it has to be heated/cooled/maintained and can’t
be used for something else.
Taxes: Employer portion of taxes is usually considered 10% of
employee wages and that doesn't include healthcare costs which are becoming more and more of an issue.
On and on...
Now you’re beginning to understand the picture.
"WE CAN HELP YOU!"
With CPO Services you can efficiently handle:
- Your insurance claim payments
- Billing patient balances at no extra cost
- Patient contact for unpaid balances
- Installment payments
- Prepayments (If prepayment is too much, we notify you)
We work as a team with your Orthotic and Prosthetic
office to get you maximum dollars at least cost.
Now you have a billing service:
Now you’ve got an efficient winning team.
The difference is BIG give us a call and we will talk!
(810) 629-6424.