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Monday 9am - 5am Wednesday 8am - 5am Thursday 8am - 5am Friday 8am - 5am

Phronesis Medx

Your Gateway to Outsourcing

12/30/2021

Wishing you all very happy new year from Phronesis Medx.
Cheers to health, happiness, and prosperity in 2022!
The future belongs to those who believe in the beauty of their dreams.

12/21/2021

Why REMOTE BILLERS are effective in medical billing?
Hiring a third party for billing services can often times be an effective way to improve revenue cycle and gain control of the situation.

1-Most medical billing services charge on a percent-basis, meaning they will only charge a percentage of the revenue they are bringing in for your company. With this in mind, they are going to be a lot more diligent about faster collections and resubmitting claims. Your current employees don't have time to run through denied claims. A third-party professional is dedicated to this.

2-Employing a staff for billing purposes can get expensive. Even to hire just one new person, a practice has to think about the costs of training, the employee's salary, benefits, and taxes, as well as compensation for turnover. Using an outside billing service eliminates the headache of training and familiarizing a staff with your billing software, procedures, coding, etc. A billing service has already trained professionals, who only make money when you do.

3-The amount of time doctors and nurses spend on billing and staffing concerns can be eliminated. This freed-up time can be used to care for patients - which is what you're goal is in the first place.

For further details: https://lnkd.in/g3AeXqxC

12/15/2021

Why medical coding is essential?
Medical coding has become one of the most critical facets of the healthcare industry today.
This niche involves transforming medical procedures, services, diagnoses, and equipment into universal, alphanumeric codes. The details about the procedure & diagnosis mainly come from…
1-Patient medical records
2-Physician's notes
3-Lab reports
For further details: https://phronesismedx.com/

12/10/2021

The 3 Stages of Medical Billing A/R Follow-up
Stage 1: Initial Evaluation
This stage involves the identification and analysis of the claims listed on the A/R aging report. The team reviews the provider's policy and identifies which claims need to be adjusted off.
Stage 2: Analysis and Prioritizing
This phase is initiated once the claims are identified which are marked as uncollectible or for claims where the carrier has not paid according to its contracted rate with the healthcare provider.
Stage 3: Collection
The claims identified to be within the filing limit of the carrier are re-filed after verifying all the necessary billing information such as claims processing address and conformation to other medical billing rules. After completing the posting of payment details for outstanding claims, patient bills are generated as per the client guidelines and then followed up with the patients for payments.
For further details: https://lnkd.in/g3AeXqxC
Contact us: +1 4696383205

12/08/2021

Why Outsource Medical Billing Services to Right Medical Billing
Right Medical Billing has everything you need to streamline your workflow and grow your revenue. By choosing the right medical billing company, you can better allocate your human and financial resources more effectively. Let’s take a look at some of the benefits that outsourcing with Right Medical Billing can offer you and your team.
1-More Focus on Patient Care
2-Reduced Administrative Duties
3-Enhance Cash Flow
4-Reduce Billing Errors
5-Improve Patient Satisfaction
6-Secure Patient Data
7-Ensure Billing Compliance
For further details: https://lnkd.in/g3AeXqxC
Contact us: +1 4696383205
Email: info@phronesismedx.com

12/06/2021

Common Behavioral Health Case Management CPT Codes

Like licensed counselors, clinical social workers who provide psychotherapy services use CPT codes to get reimbursed. Here's a CPT description list of frequently used codes, according to the National Association of Social Workers:
90832: 30 minutes of psychotherapy
90834: 45 minutes of psychotherapy
90837: 60 minutes of psychotherapy
90785: Interactive complexity add-on
90839: 60 minutes of psychotherapy for crisis
90840: Each additional 30 minutes of psychotherapy for crisis
90791: Psychiatric diagnostic evaluation
90845: Psychoanalysis
90846: 50 minutes of family psychotherapy without the patient present
90847: 50 minutes of family psychotherapy with the patient present
90853: Group psychotherapy
For further information: https://lnkd.in/g3AeXqxC

12/02/2021

5 Reasons Why OB GYN Practitioners Should Outsource Medical Billing Services

Medical billing can become really challenging for your OB GYN practices. Reasons are the complexities involved in administrative tasks, patient collection process, lack of uniformity, invoicing, multiple codes and rules in OB GYN practices that can lead to revenue loss and mismanagement.

Grab more info: https://lnkd.in/g3AeXqxC

11/25/2021

Happy Thanksgiving!

Wishing you hope, joy, peace, good health, favor, and love on this Thanksgiving Day!

10/27/2021

Why Outsource Urgent Care Billing Services?

Urgent care practices like yours are thriving since you have a decent patient volume with positive reviews online, and you are providing evidence-based, compassionate care however, you are still not what you expect with your profit margins. If your revenue is still water, there is something wrong with your billing process.

To grab more info: https://lnkd.in/g3AeXqxC
Contact us: +1 4696383205

10/07/2021

Understanding your EOB

The Explanation of Benefits (EOB) signifies how much the patients are responsible for the doctor’s charges.

The EOB is not a bill but meant for reference only with the following information:

 The name of the patient or the dependent,
 Patient’s health insurance ID or policy and claim number,
 The names of the health care providers covering doctors, dentists, labs, and alike,
 The service type and cost,
 How much of the billed amount is paid and pending by the insurance company and many more...!

Ultimately, it offers a glimpse of how the benefits applied to the particular claim.

For more information on EOB and its role, consult Phronesis Medx at +1 4696383205 right now.

Read More: https://lnkd.in/g3AeXqxC
Contact us for more details - +1 4696383205
Mail us At - info@phronesismedx.com

10/06/2021

How to Find a Good Medical Billing Company?

At some point, every healthcare practice decided to outsource their medical billing and coding activities to reduce the denials and enhance the reimbursement.

However, it is quite difficult to find a good medical billing company out of the numerous options available.

One has to go through the following steps:
 Determine the scale of your practice’s needs
 Find the companies with experience in your specialty
 Ask for the cost breakdown
 Assure the company is compliant
 Research the company reviews
 Find out the number of billers assigned to your account
 Look into software compatibility
 Establish communication expectations
 Ask how they handle rejected claims

One such medical billing and coding company is Phronesis Medx and discuss your requirements with their experts at +1 4696383205 before outsourcing them.

Read More: https://lnkd.in/g3AeXqxC
Contact us for more details - +1 4696383205
Mail us At - info@phronesismedx.com

10/05/2021

Happy Teachers Day 🤎

Address

202 Walton Way Street #192 Unit #642
Cedar Park, TX
78613

Opening Hours

Monday	9am - 5am
Wednesday	8am - 5am
Thursday	8am - 5am
Friday	8am - 5am

Telephone

+14696383205

Website

http://www.phronesismedx.com/

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