Our no-cost onsite assessment provides an examination of your practice and allows for concrete benchmarking of your revenue cycle. Our experts will thoroughly analyze your revenue cycle, identifying broken components and quantifying the financial impact on your practice.
Among the many metrics the BizScan will identify:
- Number of claims filed annually
- Total cost of the business office
- Cost per claim filed
- Gross collection rate by payer
- Net collection rate by payer
- Claims lag (in days)
- Percentage of denied claims
- Aged accounts receivable by payer
- Payer mix
- Business office staff per provider
- Distribution of E&M codes compared to CMS expected distribution
The LeadLine BizScan will calculate these metrics and many more as our expert consultants determine the problem areas of your revenue cycle. The BizScan report will allow you to see how your practice compares to MGMA benchmark data.
Once you see how your practice stacks up, the LeadLine team can work with your practice to correct any problems within your revenue cycle. This can be managed internally, or, many of our clients have opted to outsource their entire revenue cycle to LeadLine, which will immediately correct any deficiencies in your process while freeing up valuable clinical space.
Contact LeadLine to find out more information about BizScan Assessment or LeadLine’s other healthcare provider solutions.