Benefits to You
, Protecting Your PracticePhys Financial works with you to improve your revenue cycle workflow with the goal of achieving increased practice profitability and compliance.
We strive to optimize billing and coding efficiency by working closely with you and your staff offering alternatives, solutions and internal controls.
Always understanding that every client’s needs are different. That’s why we customize our services to meet your needs. We can use our software or yours either way, our work is transparent and always accessible to you.
Phys Financial tailors our services to save you time, money and frustration in managing your practice. Many physicians assume their practice is being run appropriately; you may not be aware of deficiencies, lost revenue and possible compliance issues within your practices. Let us fine-tune your business for you.
As a full service billing company, we can put policies and processes in place to help identify and capture lost revenue, enhance efficiencies and streamline the receivables process.
Enhanced Revenue: Maximize revenue by reduced days in A/R, increased collections and decreased denials.
PHYSFINANCIAL offers full scale or customized solutions to meet the unique needs of your practice.
- Reduce days in A/R: submitting all claims and charges on your behalf in a timely and accurate manner
- Increase cash collections: our team follows up on claims until they are paid and contractually agreed upon payment for services are received. We work to guarantee timely and maximum payment for services.
- Decreasing denials: our coding services result in more accurate claim submission for procedures, modifiers and diagnosis codes
- Improve process: more accurate, streamlined approach for claim submission and denial resolution. We can operate independently or become one with your existing team to successfully enhance your practice
- You and your clinical staff can focus on the needs of your patients, while we take care of your revenue cycle and practice management. The medical industry changes constantly adding new challenges for physicians to meet in the billing and coding operations. With the transition to ICD-10 and Electronic Health Records as well as declining reimbursements and increased payor audits, keeping up can be overwhelming to physician practices.
Partnering with Phys Financial, a professional revenue cycle/practice management and billing company, could provide a solution for you.
Let us do an analysis of your practice and revenue cycle operations. We can identify weak links and offer solutions. Don’t let the denials keep piling up while your cash dwindles. We can help you! Phys Financial can start immediately working onsite and remotely. Our goal is to assure the financial success of our clients while staying compliant in the ever-changing healthcare climate.