Best Practices Benchmarking
When you select AdvancedMD software as your billing and revenue management platform, you gain access to a set of resources that will help virtually any physician practice or billing company improve revenue collection success. Cutting-edge strategies to meet today’s reimbursement challenges and improve the profitability of your medical practice are presented in the MGMA book: The Physician Billing Process: 12 Potholes to Avoid in the Road to Getting Paid, 2nd Edition. AdvancedMD offers our Companion Guide as a way to apply the feature, functions and reports available in AdvancedMD software to achieve the strategies and improved profitability as described in The Physician Billing Process: 12 Potholes to Avoid in the Road to Getting Paid. Together, these two resources can benefit the startup and the seasoned billing professional who seek to gain greater control and visibility into their billing process, enabling the billing specialist with tools to more quickly diagnose and resolve billing process bottlenecks.
Leverage industry best practices with the AdvancedMD Training & Companion Guide
AdvancedMD recognizes that the authors of the Medical Group Management Association’s (MGMA) best-selling book, The Physician Billing Process: 12 Potholes to Avoid in the Road to Getting Paid, 2nd Edition, have set the industry standard for revenue cycle management. AdvancedMD released a new training resource called the Training and Companion Guide which provides recommendations for specific tools, reports and processes within the AdvancedMD software that address the MGMA guidelines and bringing your billing operation more inline with industry best practices. When these two documents are jointly used, they deliver an unprecedented set of well-defined practical guidelines, workflow processes and performance measurement and monitoring software tools that can help any medical specialty or billing company improve billing performance and ultimately revenue capture.
Robust Standardized & Customized Reporting for Best Practices Management
AdvancedMD software includes more than 150 standardized reports that provide industry best practices foundations for managing your staff and financial performance more efficiently. Additionally, through a robust ODBC programmer’s tool kit, more sophisticated and detailed reporting can be developed, providing complete data control and performance visibility.
Reporting Software that Fits the Medical Billing Service
Our web-based Central Billing Office (CBO) allows you to easily aggregate data across multiple clients to gain a comprehensive view of your business, eliminating manual time-intensive consolidations. And with detailed drill-down reports you can track performance by employee, customer, payer or a variety of additional data slices. Scalability, control and customer service are enhanced, allowing you to realize your growth and profitability goals.