For 40 years, Claim.MD has helped group practices manage medical claims with precision, confidence and ease as they aim to increase cash flow and streamline electronic transactions. Now, as an increasing number of group practices are adopting electronic workflows for both administrative and reimbursement purposes, we’re excited to join MGMA’s growing coalition of leaders working to advance medical groups across the country.
As a leading medical clearinghouse, we know that meeting collection goals is key to a successful practice, and we understand the unique challenge they face. The healthcare worker labor shortage has affected staffing for billing and collections – among many other areas. In addition, patients are facing financial struggles due to higher consumer prices.
According to a recent MGMA Stat poll, respondents noted that some of the top challenges in handling collections in A/R include an increasing number of prior authorizations and claim denials disrupting their practice. Data collected by MGMA in 2021 revealed that 69% of healthcare leaders reported that their organization’s denials have increased. Group practices cannot afford an inefficient claims management workflow. Claim.MD gives providers control over their claims, reducing costly staff time to research and correct rejected claims.
At next month’s MGMA’s Medical Practice Excellence: Financial and Operations Conference, we’ll showcase how we help our medical group partners not only send clean claims the first time but give them control from initial filing to on-time payment. Be sure to stop by booth #502 to learn how!
You can also connect with us on our website or through MGMA’s Partner Solutions Directory.