Some healthcare providers will ask me if their practice really requires the expertise that BCS puts forth for each group we manage. My response is absolutely, "YES" for a variety of very important reasons. Like the analogy of peeling the onion, as you look at the surface you will identify certain aspects of what needs to be addressed for success, but as you look at each subsequent layer you will find that each layer is interrelated to other layers or components and therefore is absolutely necessary for your practice's success. Each aspect of the Practice Management Services of BCS are essentially designed to work together to achieve your practice's maximum result.
For example, you must make certain you have a contractual stipulation with your place of service to access patient information; both clinical and demographic in nature, while incurring no increased costs. It is critical to create your charges in a compliant manner which is clearly identifiable and consistent. Further, a robust understanding of your payer mix and its financial impact on your practice is key, but you must also keep in mind that various payers have a multitude of product offerings with varying levels of reimbursement for your practice. You must realize that changes in the payermix can detract or enhance a practice's financial viability practically overnight, therefore very close monitoring of all practice data is essential. You must check, check, and re-check your practice's performance, its documentation, and its overall results. You must be vigilant in maintaining a compliant environment, you cannot assume payers will process your claims as they are contracted to do.
You must maintain a compliant level of communication with your payer and patient community to maximize your practice's cashflow and AR performance all while closely monitoring and nurturing your relationship with your place of service (hospital, ASC, office setting) and your surgeons. You must utilize the expertise of certified and accredited health information (HIM) professionals for all procedure coding and diagnostic coding. You must have the necessary expertise to challenge claim denials, reductions, and negotiations, and also be prepared for any post processing/payment auditing. As you can see, the process is very complex and quite interrelated and this is only a partial listing of the expertise and resources that BCS puts forth each day for every practice we manage. Expertise that is quite complex, comprehensive, detailed, accurate, and ever so important, timely. Consider the BCS experience for your practice today. Better yet, ask BCS President, Lee S. Broadston to provide you with a confidential reference listing of clientele who already have experienced what we refer to as the “BCS Experience.” Contacting me is simple, just send me an email at Lee@BCSConsult.com I look forward to speaking with you.