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Budgets, reports, revenue cycle management, cash flow, forecasts – there is a mountain of financial data that the modern EMS provider has to track to be an effective organization. What should the Operations Chief or CFO expect from their billing company?
It’s been argued that in-house billing affords ambulance companies more control. But don’t confuse proximity with getting the answers and information you need to increase billing productivity.
Companies that sell billing software to the ambulance industry never fail to promise that their software will increase efficiency and profits. What they don’t say is…
Are you hiring a billing service or a law firm? Or are you looking for a company that collects the minimum for the maximum profit without looking to become a true consulting partner?
You might think you’re getting a bargain with a billing service that offers a low cost per claim, but just because something is cheaper doesn’t mean it’s a better value.
Finding the “right” billing partner requires a bit of digging, which begins with identifying the right technology.
When it comes to EMS billing, it may seem intuitive that higher collection percentages yield more revenue, however this is often not the case.
Digitech has increased revenue recovery for our clients every time we have been contracted. Click on “Before” and “Digitech Year 1” to see how much.