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To achieve revenue maximization for our clients by providing quality services at competitive prices
Claims submitted within 24 hours
Eligibility & authorizations 3 days prior to the date of service
Daily denial management & aggressive A/R follow ups
Comprehensive analytics and insights across multiple metrics
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It's a great pleasure to write a letter of recommendation for Practolytics and its staff. I am extremely pleased with the quality of services and knowledge they provide to our clinic. Our group practices in Central Florida and we have been with Practolytics since 2014. I am fully confident that our claims are submitted efficiently, information is inputted accurately, and attention to detail will always be a priority. Our reimbursements are maximized to their full potential. Practolytics is very quick to respond to our office needs and to help in our productivity. Every question has always been turned into a solution. Their continued quality service has resulted in a major decrease in our accounts receivable and I can depend on their professional staff getting the job done right, and in a timely manner.
I recently started my own physical therapy practice. Practolytics and its staff have been unbelievably competent and completely dependable to get the job done. We’ve had some rough transitions caused by our EMR provider and insurance credentialing, but Practolytics stayed ahead of the problems caused by those entities to take the worry off my shoulders of whether or not claims were properly being billed. Thank you for your professionalism and dependability!
I started outsourcing my office billing to Practolytics . earlier this year. I have noticed a definite increase in collections. Charges are sent out, payments are posted in timely fashion. But they do much more than just billing. They offer additional administrative services such as looking at fee schedules, providing checks on patient insurances, credentialing, and are open to handling just about anything in order for me to do what is needed - see patients. Very happy to have made the switch !
As a solo GI practitioner in Atlanta, the challenges of controlling overhead and billing cost have become overwhelming. Practolytics is affable, available, and affordable and, most importantly, transparent. No system is perfect but they do all they can to help the practitioner. They have played a large part in allowing me to survive in this hostile environment physicians now must encumber.
I am very happy with the billing services provided by Practolytics. They have excellent communication skills and use a team approach in helping clients. I am very pleased with my monthly collections and glad I found Practolytics when I was starting my new practice. I will continue to be a client of Practolytics as I grow my business for many years to come. I am incredibly impressed by how they handle the large volume of patients I see daily, both in an outpatient setting and also at the hospital.
Three years ago I started a dermatology practice. Six month into my start up I had received approximately $15,000 and I had $115,000 in my accounts receivables. I had put my wife's and my entire savings and every penny we had into this practice, not forgetting to mention, our hearts and souls. We were three weeks from not making payroll when Practolytics contacted us. They found several mistakes with the way the claims were being submitted and assured that they will get us paid in three weeks and save our practice. We had just made our next payroll with $50 left in the bank. I called Practolytics that same day and said we are out of business in 2 weeks. Practolytics told to give them one more week as they initially promised. In the third week we received $15,000 and a constant dependable revenue stream followed. My practice was saved and we have grown with the guidance of Practolytics to a multimillion dollar a year practice. From billing and coding, implementing MU and PQRS and auditing our doctors coding practices regularly, they have provided a broad array of services to my company. They helped with revenue cycle management to ensure we are as profitable as possible. We were never charged extra for any services they simply want you to grow so that they can grow. Practolytics just recently helped us to start a pathology laboratory and seamlessly integrated that expansion into our current practice. They have been proven proficient in servicing both my clinical and laboratory medical practices. I can not give this team enough praise and compliments. I truly believe if you trust them and give Practolytics a chance your practice will grow beyond your imagination.
Three years ago I started a dermatology practice. Six month into my start up I had received approximately $15,000 and I had $115,000 in my accounts receivables. I had put my wife's and my entire savings and every penny we had into this practice, not forgetting to mention, our hearts and souls. We were three weeks from not making payroll when Practolytics contacted us. They found several mistakes with the way the claims were being submitted and assured that they will get us paid in three weeks and save our practice. We had just made our next payroll with $50 left in the bank.
Our expert staff performs eligibility verification of benefits in order to avoid delays or errors in insurance coverage. We provide information to the physician offices 3 days in advance of the patient visit which allows them to make the decision for the following :
All these above measures result in better collections. Our proprietary eligibility portal is fully integrated with the practice management system, allowing the front desk to get all necessary information with a single click, rather than logging into individual payer or clearinghouse websites.
We negotiate contracts on your behalf. Our expert team of negotiators consistently monitor and national, local, and specialty-specific reimbursement rates. We periodically compare reimbursement models to make sure you get paid correctly on every claim.
Successful contract negotiation depends upon many factors. Some important ones include :
We have strived to build solid relationships with payer representatives, allowing us to successfully negotiate contracts on behalf of providers.
Practice management systems enable organized and error-free processing of patient claims. There are over 300 Practice Management Systems available but few are able to support the requirements of a busy medical practice survey, most of them are unable to support the business requirements.
We work with industry-leading practice management software companies, such as AdvancedMD to ensure that we have the best technology available to streamline critical business components.