Spurred $90,000 in 42 Days
A struggling new medical practice brought in only $25,000 in 90 days. The Anders revenue cycle team then came into the picture, we diagnosed the problems, set the corrective action plan, trained the staff, and spurred $90,000 in 42 days!
Renegotiated contracts and generated $320,000 in new revenue
Detailed financial analytics and our in-depth knowledge of third-party payers helped us renegotiate complex managed care contracts for our client. The new contracts brought in $320,000 in additional recurring revenue.
Ensured uninterrupted payments through lockbox transition
Our client’s bank gave him only 30 days’ notice that their lockbox service was changing. Using our streamlined process, we notified all payers well before the deadline, so there was no slowdown in cash flow.
Saved medical group partnership with creative compensation
Working with four equal partners in a specialty group, we revised their compensation model to allow for part-time partners, saving the group’s partnership and positioning them for future growth.
Cut Medicare red tape to improve cash flow
Typically, it takes Medicare a minimum of 60 days to process a new provider number. Our team obtained new provider numbers in less than three weeks for our client, significantly increasing their Medicare cash flow.
Eased physician-hospital integration and kept claims on track
During an already-intense physician-hospital integration process, our client lost their physician business office manager. Even in the midst of a new system implementation, we helped them process claims successfully for the first time in three months.
Captured $145,000 in revenue for specialty group
Through a revenue charge capture analysis, we uncovered $145,000 in lost revenue at a five-physician specialty group. We worked with our client to identify the root causes and created systems to prevent future leakage.