Dedicated to
meeting
the needs
of our
affiliated
physicians
Practice Management
Practice
Management OutsourcingWe offer a comprehensive
practice management product: Management Outsourcing. This
product provides management sophistication and expertise required to
optimize operational efficiencies enabling the physician to spend more
time on practicing medicine rather than administrative matters. Our
management outsourcing solution includes:
Complete
Office Management
Integrated
Information Systems
Complete
Financial Management and Centralized Billing
Tools
to effectively manage cost and quality (Best Practices)
Financial
ManagementICS's core business
is providing financial management services through a centralized billing
service and management office environment. This service involves the
transfer of data from the practice to our Centralized Billing Office
(CBO) utilizing an integrated information system. The CBO will
assume responsibility for the management of billing to include:
Electronic
Claim Processing
Collections
Account
Receivable Management
Regulatory
Compliance
Fee
Schedule Design
Third
Party Payer Contracting
ICS understands the
pressures and challenges medical practices are faced with in today's
complex medical services reimbursement environment. The situation
of increased demand with lower payment for services is becoming a real
problem. ICS can help practices reduce the risk of revenue loss
through implementation of its financial management program. ICS
has successfully implemented this programs in dozens of medical practices,
and in many cases, increased practice revenues by more than 25%. The
fundamental concepts behind ICS's program are as follows:
"Garbage
In- Garbage Out"
One
of the most effective ways to ensure maximum and timely reimbursement
is to submit a clean claim for services rendered. The critical
steps associated with submission of a clean claim involve proper registration
of patient demographic and insurance data, appropriate modifier use,
and matching appropriate diagnosis codes with CPT codes.
Bill
Every Day
A
medical practice revenue cycle starts with appointment scheduling or
service request and ends with full payment for the service rendered. Obviously,
the shorter the cycle the better for the financial health of the practice. Submitting
bills (claims) every day, whether electronically or hard copy, is a
fundamental necessity and results in shorter revenue cycles.
"Dial
for Dollars"
The
days of submitting a claim and receiving payment 30 to 45 days later
without intervention are over. Aggressive account receivable
management is an absolute must. Over 80% of ICS's business office
resources are dedicated to account receivable management involving
phone interaction with insurance companies and patients regarding payment
due. If necessary, ICS will also pursue legal remedies to enforce
payment.
Payer
Relationship Management
Whether
we like to admit it or not, in today's environment the payer community
has the upper hand. Accordingly, ICS makes monumental efforts
to develop relationships with key members of payer organizations and
works closely with them to ensure their understanding of the specific
needs and situations with each client practice. These efforts
have resulted in fewer reimbursement cuts and more timely payment for
services.
Good
information leads to sound decision making
Effective
communication is vital to any successful business. ICS provides
physicians with useful information in an easy to understand format.
Monthly reporting is a standard service and each report is customized
to the specific needs of the practice.
Consulting & Management
ServicesWe also offer consulting
and management services that include:
Revenue
Cycle Analysis and Management
Human
Resources Program Development
Market
Research and Financial Assessments
Business
Plan Development
Equipment
Procurement and Project Management
Facilities
Design and Programming
Regulatory
Compliance Program Development
Network
Development and Practice Integration
