Tag Archives: Healthcare

Docs flock to cloud to save bottom line | Healthcare IT News

6 Sep

Take the time to read this important article.  There is no real choice.  Doctors must upgrade their EMR/EHR, billing procedures and follow-up procedures or face being left behind in the current healthcare market.

Docs flock to cloud to save bottom line | Healthcare IT News.

Outsourcing is critical for a medical or dental practice, or hospital to keep current and make the most of the opportunity they have.  In-house solutions will not keep pace with the changing environment that the medical world faces.

The current reality is:  They must find a cost effective way to motivate insurance companies and, especially, patients to pay them sooner.  I can point you to services that, in most cases, work directly with your software system to help you:

– Cut internal staff time spent on unproductive work

– Cut internal costs associated with insurance and patient account resoution

– speed up your cash flow

– increase your bottom line

– Keep you and your staff in business

Respond to me and I will be happy to explain what tools I can offer you to make this happen in your practice/hospital.  There is no cost or obligation.  Is it worth 20 minutes to find out how to make your practice more profitable?

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Medical practice executives cite financial management issues as most challenging – MGMA

27 Jun

Medical practice executives cite financial management issues as most challenging – MGMA.

As an MGMA Admini-Serve partner for over 13 years, the tools provided by Transworld Systems are THE best answer to the concerns that medical practices are facing in an ever increasing way.

  • We can help you deal with the new reimbursement models that place financial risk on the practice
  • We can help you better manage your finances
  • We can ensure that self-pay patients, or those with high-deductible health plans pay you sooner and more often.

In 22 minutes, I can help you determine if the tools I can provide will help alleviate these concerns for you and your practice.  I will conduct a brief A/R strategy session at no cost or obligation via phone to help you determine if our tools are a good fit for your practice.

Isn’t it worth a 22 minute investment of time?

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Protect Your Office from Embezzlement

20 Jun

Dental office manager sent to prison for embezzlement – DentistryIQ.

Wile we don’t read articles like this one every day, the fact is that practices are being embezzled all the time.  By the time the crime has been identified, it is often too late to recover, and a great deal of money has been lost and the practice hurt terribly.

One of the little-mentioned ways of protecting your office against embezzlement is to use a 3rd party partner to work with your practice A/R.  The earlier you can get a partner involved, the less opportunity there is to hide embezzlement from the office.

Let me show you how to quickly and easily protect your practice from this terrible situation.  It is easier and less costly than you would believe.  Respond to me via the form below and I will call to set up a brief consultation via telephone.  There is no charge, and no obligation.  I’m just glad I can help.

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Patient payment responsiblity increases | Healthcare Finance News

11 Jun

Patient Payment Responsibility Increases.

Does this surprise you????

If you have been paying attention these last few years, you already knew this.  It has been steadily going up for a lot of years.  What many doctors and practice administrators don’t know, or aren’t paying attention to, is the result of this increase.

Doctors MUST, perhaps for the first time, figure out how to get patients AND insurance companies to pay them faster.  In many cases, to pay them at all.  To fail to do this quickly is resulting in:

  1. A 10-fold increase in SBA backed loans made to medical practices over the last 10 years.
  2. An unprecedented number of physicians forced to declare bankruptcy, even though they have very busy practices.

This does not have to happen!!  It is foolish and unsustainable.  I can show you, in 22 minutes, how to get more patients paying you, and faster than before as well as speeding up the response time from insurance companies who benefit from dragging their feet before finally sending you a check.  I can show you how to do it for less than you are currently spending to do it the way that you are currently doing it, possibly the reason for the problem after all.

Respond to me via the form at the bottom of this email, requesting a 22 minute A/R strategy session.  It won’t cost you anything and you will know, when we are done, if the tools I recommend will help you put more cash in your accounts than you are currently getting.  Even so, after we are done you are under no obligation to take my advice.

Isn’t it worth a 22 minute phone call?

Patient payment responsiblity increases | Healthcare Finance News.

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Effective Cost Management for Your Medical Practice | Physicians Practice

6 Jun

Here is a good article that I read regarding cost management.  One of the most critical cost management strategies not contained in the article is to control the expense of following up slow-pay insurance claims and patient balances.

Patient responsibility is growing, due to the economy and High Deductible Health Plans.  Follow-up is both costly and challenging for a practice that is trying to keep its labor and overhead costs down, while staring down a growing A/R aging report.

I can show you tools to help you control, and even decrease, your cost of following up insurance and patient balances, while increasing your revenue and profitability.

It only takes an investment of 22 minutes in a free personalized A/R strategy meeting via phone to determine just how much these tools can increase cash flow, reduce costs, and increase revenue to your practice.  If so, you can see results almost immediately.  Isn’t it worth the investment of 22 minutes to find out?

Effective Cost Management for Your Medical Practice | Physicians Practice.

To schedule your free, no-obligations, personalized A/R strategy meeting with me via telephone, respond to me via the form below.

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Dental Collections Made Easy (and Inexpensive!!)

4 Jun

Dental-Infographic-green2013

 

Would you like to recover more and pay less? Dental Collections does not have to be difficult.  Dental Collect integrates seamlessly with your practice management system (PMS), and helps dental practices increase overall cash flow while saving time and maintaining patient diplomacy.

Because of products like Accelerator, Dental Collect and Profit Recovery, the dental industry can have a healthier bottom line and better cash flow, which improves the office accounts receivable.

For a personalized A/R strategy session, by telephone,  for your practice with me, Mr Cash Flow, request it through the form below:

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Practice profitability outlook negative | Healthcare Finance News

23 May

Practice profitability outlook negative | Healthcare Finance News.

I have tools for medical and dental practices that can prevent this from happening. I would love to review them with you and discover if they can help your practice maintain a healthy profitability, even in the face of major challenges. Just respond to me via the form below, and I will be in touch.

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HFMA Peer Reviewed Designation

12 May

Transworld Systems Profit Recovery is proud to be an HFMA (HealthcareFinancial Management Association) Peer Reviewed service.

Profit Recovery is a customized program to fit individual practice needs; designed to deliver the power of 3rd party intervention while allowing our clients to maintain complete control.

Profit Recovery provides HFMA members with the following benefits:

  • Automated and co-sourced tool to collect on self-pay and insurance balances
  • Low average fee of $10 per account, based on volume
  • Convenient Online Client Portal for 24/7 reporting access
  • Ensured compliance with HIPAA, Red Flags Rule, Patient Friendly Billing®

Peer Reviewed

HFMA Peer Reviewed – Transworld Systems Profit Recovery has made THE SHORT LIST!

THE SHORT LIST is a list of products and services that have earned the distinguished Peer Review designation. Transworld Systems Profit Recovery has proudly held this distingushed honor since 2007. HFMA Peer Reviewed products and services have been evaluated by users like you for the things you look for as you make smart purchasing decisions.

CLICK HERE to learn more about HFMA’s Peer Review process.

For more information on the HFMA, visit their website at http://www.hfma.org

For more information regarding our Peer Reviewed service, please contact me directly using the contact form below

*HFMA staff and volunteers determined that this product has met specific criteria developed under the HFMA Peer Review Process. HFMA does not endorse or guarantee the use of this product.

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Video

Satisfied Medical Clients

5 May

A video montage of current Transworld Systems clients filmed at the national MGMA (Medical Group Management Association) meeting.

Transworld Systems has a 14 year relationship as an “Adminiserve Partner” with the MGMA, and offers MGMA member practices special rates for their services.

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