How Physicians First Financial helped a practice recover a third of their missed billings with no additional effort.
We recovered 36.48% of their missed billings after a complimentary, confidential and risk-free audit of the practice's past 6 months of claims submissions.
How One Physician's Decision To Conduct A Risk-Free Audit Led To Hundreds of Thousands in Recovered Billings and Increased Profits Moving Forward.
1.
Dr. A runs a busy medical practice that provides anesthesia-based services to patients across the Ottawa valley. Despite having a strong reputation and a dedicated team, the practice was struggling to recover all of its billings and was losing out on some of the significant revenue it had earned.
2.
Dr. A was perfectly content offering a claims assistant $500 per month to submit their claims & reconcile. While he didn't think there would be a dramatic increase in revenue, he took the PFF Challenge with a mere few months to go until the OHIP cut-off date is halved from 6 months to 3 months.
3.
Dr. A scheduled a complimentary and confidential claims case conference to review their business and learn about PFF's Claims Concierge and Cash Concierge program and was helped to upload the past 6 months of their claims.
4.
The results were remarkable. Our team optimized the claims to recover more of the missed OHIP and third-party billings they were owed. With our help, Dr. A was able to recover over a third of their missed billings, resulting in a top-line revenue improvement of 36.48%. With minimal effort, they received the revenue they were owed just by giving us past claims information.
What They Did With The Additional Revenue and Cash Advance
Upgraded technology
Invested in new or updated technology that helped the practice streamline operations, improve patient care, and reduce costs.
Staff training & education
Invested in staff training and education to improve patient satisfaction and outcomes, and increase employee morale and retention.
Marketing & advertising
Added support to their marketing and advertising efforts to attract new patients and retain existing ones.
"Physicians First Financial helped us recover revenue that we didn't even know we were missing. The process was easy and efficient, and the results were remarkable. We would recommend their services to any medical practice looking to improve their financial health."
Dr. A, Ottawa
Unlock the full potential of your practice's billing. Sign up today and securely upload the last 6 months of your claims. Our team will optimize them and show you just how much more you could have billed. And the best part? You can receive your up to 85% of the value of those claims within just 48 hours of batch upload.
With zero risk and confidential handling of your information, there's nothing to lose. Don't miss out on the opportunity to maximize your OHIP claims and get continued support from Physicians First Financial. If we don't recover additional revenue, net of our fees, the cleanup is on us! Take the PFF Challenge now.