Billing & Collection Services for Hospital Administrators

Hospital Administrators face a variety of challenges in managing the billing and collections services of a large complex hospital. PhyCom's Billing and Collection Services have been tailored to assist hospital administrators effectively provide ensuring financial responsibility across the organization. PhyCom utilizes its vast experience, best practices and proven procedures to work with the hospital's financial team to delivery and support the overall billing services.

Lost charges, ongoing business analysis, and compliance threats leave hospital administrators in doubt. While, patients receive excellent care the care of organization, may remain neglected and requires experienced attention in order to maximize practice revenue.

There are many factors which lead to lost revenue. A methodical, scientific approach to common practice shortfalls can increase revenue, and give the practitioner the peace of mind they deserve. Based on our analysis and discussions with hospital administrators over many years of experience, PhyCom identified the top 10 billing challenges faced by Hospital Administrators today.

Top 10 Billing Challenges Facing Hospital Administrators

  1. Lost charges
  2. Dictation is not Compared with Billing System
  3. Schedules are not Compared with Billing System
  4. ER Visits are Missed
  5. ICU Visits and Procedures are Missed
  6. Levels of Care Coded are often Inaccurate
  7. EOMB's are not Routinely Analyzed
  8. Insurance Receivables over 90 days are not Routinely Analyzed
  9. Physicians do not See the Value in Seeking Help
  10. Practice's Lack Internal Compliance Plans

Hospital Administrator Solutions

Partnering with a firm that specializes in hospital and medical billing begins a necessary dialogue that achieves success. The process does not start and end — it is an ongoing journey. PhyCom's solutions to common mistakes help maximize reimbursement, and gives physicians confidence that they have a fine tuned operation. Our technology and tenacity help to achieve and maintain these goals.

To learn more about our billing solutions for Hospitals, contact PhyCom today!

Why Use a Billing Service?

PhyCom Advantage

  • Increased Cash Flow
  • Aggressive Denial Management
  • Increased Accountability
  • Reduced Administrative Costs
  • Strict Compliance

Practice Expertise

  • Hospitalists
  • Radiology
  • Radiation Oncology
  • ENT
  • Gastroenterology
  • Anesthesiology
  • Orthopedics