Hospitals contract with Medical Business Management to improve the CRNA professional services (Part B) revenue stream. By outsourcing the CRNA subset of anesthesia billing, hospitals have relieved themselves of the small-dollar billing headache. This allows them to focus on their higher dollar revenue stream.
Areas where MBM can assist a hospital:
- Credentialing providers
- CPT and ICD-10 coding
- Data Entry
- Payment posting
- Patient inquires
- Payment logs
- Niche market, smaller dollar value
- Increase revenue
- Anesthesia specific software
- Production analysis
- Data downloads
- Encounter forms/charge sheets
- Credit card processing
- Electronic funds transfer
- Electronic data interchange
MBM works with the hospital and their anesthesia staff to help implement and train the providers on how to strengthen collections. Operating specific anesthesia billing software MBM can increase revenue where others fall short.
MBM is a full service medical billing, claims, and medical practice management company. We handle all aspects of credentialing, coding, data input, filing claims, payment posting, follow-up and collections.
MBM has multiple strategies to separate the anesthesia revenue from hospital revenue. We work closely with your business office using a payment log to ensure that all monies posted and deposited match. MBM has extensive financial and productivity reporting capabilities.
MBM embraces the use of technology, data sharing, and patient information downloads from the hospital. These activities streamline claim processing within the revenue cycle.