Truly Custom & Technology Enhanced Revenue Cycle Management Solutions for Medical Practice
PMB, brings down the number of billing errors to zero while greatly reducing the transfer time needed for manual entry. All of your billing information is automatically carried over from your EHR (EMR) to comprehensive billing software for further processing
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At PMB, we submit claims that are clean, correct and complete the first time, expediting the payment process and eliminating rejections and denials.
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We make sure none of your hard-earned money is left on the table just because no one made the claim follow-ups. Our in-house claim follow-up tools keep us, as well as our clients, updated on all the denied claims so that follow- up is made right on time.
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We are incomparable to other medical billing companies when it comes to providing business insight with the help of intuitive reporting. Our reports provide powerful analysis and data visualization of the financial health of your business. Instead of monthly, receive online reports that keep you up-to-date to make informed and intelligent business decisions.
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As part of our services, we are pleased to offer custom, easy-to-read reports for your Medical Practice. With the help of interactive charting, these reports are a powerful analytic tool to combine with revenue cycle management, provider performance, Insurance reimbursements, and more. Immediately track performance and make qualified decisions with the click of a button.
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I have recently transitioned to Park Medical Billing and am very happy with the decision to do so. As the Clinical Director, I am very pleased with the prompt response to any and all questions. Chol and his staff are willing to consistently work with my employees and always find a solution that works best for my company. The staff of PMB especially Monica, work extremely hard and are dedicated to customize our experience. Overall, PMB has been outstanding as each staff member goes above and beyond while working with my company. I highly recommend Chol and the staff at Park Medical Billing.
We have worked with Park Medical Billing for about 1 year and we are extremely happy with the level of service they have provided. We have worked with other billing companies that charge a premium for their billing services without providing the same level of service as Park Medical. Our account manager at Park Medical is extremely knowledgeable and responsive to the needs of our clinic. As a result, our bottom line has improved. I highly recommend Park Medical Billing services.
Since we changed our billing company last June of 2016, HRS has been more guided to improve our reimbursement. Park Medical Billing is very professional, systematic and always makes a follow-up with the issues we encounter in our out-patient PT clinic. Very accommodating, respectful and very nice people
Everyone at Park Medical billing is very friendly, knowledgeable and professional. They know Physical Therapy billing !!!
Always able to speak with someone in the office who can take care of any billing questions you might have.
Extremely happy with this company and highly recommend.
As the owner and Clinical Director, I was extremely impressed with the level of commitment to have the staff from PMB not only listen to my concerns and questions, but to promptly and quickly respond and resolve. The other component of their services, is their desire to share ideas and possibilities to improve my overall revenue. I would recommend the services of PMB and their staff, without ANY RESERVATIONS!!!!
I am writing in reference to Park Medical Billing Company. Early this year, TOPS Physical Therapy and Osteopractics, decided to change from in house billing to a billing company. We interviewed several companies and made the decision to hire Park Medical Billing. We are very happy that we chose this company.
From the beginning, Park Medical Billing Company was very informative, gave a comprehensive presentation, answered many of our questions before we had to ask them. They are timely, follow through with commitments made and very accessible. We had to communicate quite often during our transition. The line of communication was always professional and never rushed.
We are very happy with Park Medical Billing Company and I would definitely recommend them to you.
Since hiring Park Medical Billing we have been impressed with their level of knowledge of physical therapy billing services and exemplary customer service. Park’s team has turned around a desperate situation and retuned us to profitability in a matter of a few months. Chol was able to institute streamlined billing practices as well as make himself available to us regarding any questions or concerns we had through a challenging time in our company’s history.
Audrey Haynes has been a great addition to our team as well. She is continuing to help my employees collect the correct data and follow up with any billing issues in a timely manner. She is always quick to respond in person with questions or concerns.
As the CEO, having the right people in the right job is one of my top priorities. We definitely made the right choice in choosing Park Medical Billing for our billing needs. I look forward to both growing with them, and having a long and fruitful relationship. I would wholeheartedly endorse them as our medical billing company of choice.
We have nothing but high praise to offer for Park Medical Billing. From day one there has been a very consistent and clear line of contact between our business and PMB. This means we can connect with our billing specialist right away, and any questions or issues we have are addressed in a very timely fashion. We also appreciate how PMB has worked with us to customize the way we view our billing data so we can have quick and complete access to all claims and payments. PMB is highly recommended!
I am the owner of ABC Physical Therapy in Somerville NJ and I hired Park Medical in 2016 because I was having a disaster with the other billing company I had been using since Jan 2014. Since hiring Park Medical I have been able to sleep at night knowing everything is running smoothly now. They do everything from A to Z and if I ever have a billing problem they always find a way to resolve the issue and get me back on my feet.
ABC Physical Therapy participates with almost all the insurance plans and because of this we are always messed up with authorizations or time lapses in authorizations because the insurance company issues them late to us and with Park Medical they are so SMART that they look at the issue's then come up with a SOLUTION to fix the problem and get things running smoothly again so I can go back to work without worrying about billing problems.
I HIGHLY recommend this EXCELLENT company because they not only take care of your billing but they come up with SOLUTIONS to make things easier for you so the insurance companies do NOT drive you out of business with there diversionary tactics. I give them 5 stars. :)
Park Medical Billing is all about quality service. Not only we enjoy helping our clients with their billing processes and generating revenue, but also being available whenever they need us to be.
Hate long term contracts? Worry not. At Park Medical Billing, we only have month to month contracts so there is nothing to buy out of, no penalty fees, and no hassle.
Park Medical Billing integrates your existing or preferred EMR/EHR products with our billing software.
Nobody wants denied claims. It adds up more of your time and resources to sort everything out and most importantly, slows down your cash flow. One or two erroneous claims maybe few for now but these may add up pretty quickly — and before you know it, a large issue has surfaced, and that issue […]
You’re losing lots of money on your practice and you don’t even know it.
How could you not be aware of thousands of dollars being lost, you say? Surely that kind of money can’t just disappear without you knowing.
The answer: bad habits. Bad coding and billing habits to be exact. A lot of physical therapists fall victim to these habits without their knowledge, and it’s not totally their fault. Most of them have been misinformed or got used to a certain system that they didn’t know has long been outdated.
It’s time to break those bad habits and get your practice the profits it deserves!
Habit 1: Forgetting Assessment and Management Time
There are several components that make up your service time: patient assessment and preparation (Pre-Time), performing the procedure (Intra-Time), and lastly, documentation and discharge (Post-Time). One financially deadly habit that PTs make is forgetting to include all of these components into their assessment and management time.
Negotiation. It’s tough to do successfully, especially when it’s not something you were trained for.
As a physical therapist you’re trained to treat people and help them live better and healthier lives, not make financial negotiations. But the fact is you can’t continue to do what you’re trained to do without having to negotiate terms of payment first. This negotiation doesn’t mean simply agreeing to whatever the payer says– it’s making sure you get what your time, service and skills are truly worth– and that’s the hard part right there.
Fortunately there are ways to negotiate terms to your benefit. Following these tips and armed with the right facts and figures, successful negotiation can be achieved.
The first thing you need to do in order to negotiate successfully is to analyze your current payers’ performance and fee schedules. Identify the payers with whom you do the most business along with the most common CPT codes you use. Get the number of times you bill each code with each payer, and multiply each number by the proposed payment amounts. Then add up all the totals per payer and divide by the total number of codes billed. This should give you the weighted average for each payer, and a good indication of which contracts are most valuable to you.
Apart from this you could also compare the rates of individual CPT codes and approach payers who pay the least amount about increasing to at least reach the average reimbursement rate for these codes.
See why PMB is the best Medical Practice billing service.
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