Why do some practices choose to outsource?

More net revenue!! When medical practices outsource billing to a reputable billing firm, their net revenue actually increases.  Let us explain why:

• Everest bills electronically every day, speeding up your cash flow.
   
• With Everest, your revenue is immune to staff absences, training issues, under performing staff, insurance changes, system conversions, and being short-staffed.
   
•  There are many costs associated with billing-salaries, taxes, insurance, bonuses, claim forms, long distance charges, postage, envelopes, paper, etc.   These costs can be eliminated when a practice chooses to outsource billing.
   
• We specialize in medical billing.  Everest management regularly attends seminars and training programs to keep current with updates in medical billing and collection policies.  Everest regularly evaluates contractual rates to ensure you are being reimbursed at the correct rate.  Everest follows up thoroughly on claims not paid within 30 days. 
   
• Most practices do not have the manpower to bill every day, analyze reimbursements, stay current on changes in medical billing and collection policies, and follow-up daily on their outstanding claims.  As a result, they are not reaching their full revenue potential.  Your financial potential can be realized through Everest.
   
• A doctor’s office can truly focus on patient care and service; with the billing process taken care of, you can staff your office with “patient service representatives” rather than expensive billing staff.  As a result, your office can grow from your “patient friendly” reputation.

What does Everest do as my billing agent?

Handle patient calls through our toll-free number.   Post all cash transactions.   Send patient statements.   Perform monthly close.   Send month end reports for accounting.   Compile a monthly “Issues Report” that identifies issues that stall collections.  We provide reasonable solutions to these issues to accelerate cash flow.  Our clients love this report; it allows them to resolve front-end issues and improve staff effectiveness and efficiency.

We are not a cookie cutter billing service!  We can add or subtract services to the above list to meet your needs.

Our partnership can offer a total solution!

Everest is partnered with an established collection agency that specializes in medical collections.  This agency is called MJ Altman and is based in Ocala, Florida.  If you like, Everest can transfer your delinquent patient balances to MJ Altman, so you don’t have to.   We are providing reporting every step of the way, so you know the status of each patient at any given time.  You are not obligated to use MJ Altman - Everest can return delinquent accounts to you if desired.

Would outsourcing be right for my practice?

• Do you feel your office is realizing its highest revenue potential?  
   
• What percentage of your A/R is over 90 days?  (Over 30% is a warning sign). 
   
• Are personnel issues affecting your bottom line?
   
• Is space an issue for your practice?   Will the practice have to move in the near future to a larger, more expensive location to accommodate both financial services staff and medical staff?
   
• Does the concept of focusing on patient care while billing experts target your revenue sound appealing?

Go to “Ask Everest” to request specific information.

Our fees:

Everest charges a contingency fee, which means we charge a percentage of money actually collected.   We don’t collect unless you collect!  Our fees are competitive and are based on your monthly volume and payer mix.

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