Join Outsource Receivables on March 1-2, 2016 at the Minnesota Medical Group Management Association Winter Conference 2016! ORI will be displaying at booth 309 in the vendors hall as part of this great educational opportunity for medical practice administrators. The event is hosted at the RiverCentre in St. Paul and will provide keynote sessions, seminars, and plenty of time to stop by ORI’s booth.
One topic of discussion at the booth is medical practice assessments for outsourcing your practices’ revenue cycle management. ORI offers a practice assessment which provides a clear picture of what a collaboration with ORI will look like from a financial, technology and staffing perspective.
Managing a large medical practice comes with a long list of responsibilities. A strong administrator knows when they need outside help. ORI is a revenue cycle management company that assists medical practice administrators with identifying the key performance indicators and benchmarks for their business. ORI then tracks these against comparable clinics using industry benchmarks. Outsourcing revenue cycle management services can be effectively evaluated once these KPIs and comparisons are in hand. Along with the assessment, ORI provides the cost comparison and advantages of outsourcing.
The assessment begins with a short consultation or discovery call to layout the goals of the assessment and practice priorities. If both parties are in agreement, a confidentiality agreement is signed. From this point a short assessment questionnaire is completed that covers current policies, procedures, coding, technology and more. In addition, a practice financial overview is generated which shows current staffing and overhead costs, insurance receivables, patient receivables, practice lag times and more. Using this data, Outsource Receivables can generate a base proposal of recommended services and fees.
Knowing your options is just plan good business sense. Getting an assessment from ORI on revenue cycle management services is as easy as stopping by Booth 309, or filling out our contact form or just giving us a call at 866-585-2800, Option 1.