As you probably know, the whole process of filing insurance claims is cumbersome and time consuming. The insurance companies have made it as difficult as possible to get paid.
First, one must spend time submitting claims. This could take several hours a day if one has numerous patients. If there are any errors or omissions the insurance claim is rejected. Then one has to figure out what the problem is, attempt to fix it, and then re-submit the claim and hope it is right the second time around.
The results of this frustrating process are startling: On average 32% of all claims filed manually are rejected, 5 to 15% are lost in the mail and never collected. This process presents another major problem: it takes a tremendous amount of employee and overhead cost for one to manage the entire claims filing process.
The Solution: Electronic Medical Claims Filing with PCM
Instead of relying on staff to laboriously file claims and then endlessly follow-up on them through the approval and collection process, now a physician can outsource the entire process to Principle Cashflow Management. We are trained professionals who are equipped with proprietary, state-of-the-art software that allows us to electronically file claims for you. The benefits to your practice are enormous.
Eliminate Software Hassles
Our Practice Management System is automatically upgraded on a daily basis and requires no complex installations. You have access to your client's data 24 hours a day, 7 days a week via the Internet.
Speed Up the Payment Process
Electronic filing drastically reduces the amount of time it takes to collect payments from the insurance companies. This is possible because electronically filed claims are handled by computers.
Lower Claims Rejection Rates
Claims that are not rejected move through the system more quickly. In addition, claims that are mysteriously "LOST" by the insurance companies and never paid are eliminated altogether. Claims filed electronically can not be lost because they produce an acceptance report from the carrier that confirms receipt.
Free Your Time for Patient Care
Our system can give you more time to see more patients. This also frees up the time of your staff members, allowing them to make more patient calls and run the office more efficiently.
BEST OF ALL: IMMEDIATE COST SAVINGS and IMPROVED CASH FLOW