Providing patient care is a calling. It’s also a business, and, unfortunately, you can’t have one without the other. Too often, the business side of clinical practice is the source of massive headaches. High A/R days, slow cash flow, compliance complexity, and “black box” payment processes are all perfectly valid reasons to get frustrated with your revenue cycle.
Better financials for a healthier practice
Combining the technology and ease-of-use of AdvancedMD with Med USA’s enhanced processes and instant reporting is a formula that will result in:
- More accurate revenue
- Faster cash flow
- Improved financial transparency
- Stronger compliance
More accurate revenue
The hours you and your colleagues devote to patient care are valuable, and you need to be compensated accurately for the care you provide. Using Med USA along with AdvancedMD consistently improves revenue for our partners. For example:
- A multi-specialty clinic saw a 30% increase in revenue per visit
- An urgent care chain experienced a 25% increase in revenue per visit
- An orthopedic group boasted 75% growth in year-over-year revenue
Faster cash flow
When revenue is slow and money is tight, it’s harder to provide care the way you’d like to provide it. Med USA’s partners use its billing, credentialing, and analytics along with AdvancedMD to keep their days in A/R down and their bottom line in the black. In fact, group practices working with Med USA across specialties see A/R days in the mid-30 range, with many practices seeing their A/R decrease by up to 40% when they start working with us.
Improved payment transparency
You need good data in every aspect of your practice, whether you’re providing care or making business decisions. Every one of Med USA’s practice partners are provided with real-time reporting and analytics into their coding trends, billing costs, collection rates, and credit balances. Having this type of financial visibility gives you essential insights to improve your operations.
As a physician, you want to practice medicine the right way—legally, ethically, and safely. Your financial practices need to follow that same pattern. Med USA’s services come bundled with a compliance program that will keep your revenue healthy and your practice out of regulatory trouble.
Partners in clinical excellence and practice growth
Med USA has spent more than 40 years building physician practices through revenue cycle partnerships. By teaming up with AdvancedMD and Med USA, you have the clinical and financial partners you need to grow your practice and continue providing top notch patient care.
Med USA by the numbers
- 43 years in business
- More than 40 million patient visits processed
- 34 A/R days across specialties
- 98% first pass claims rate
- 96% client retention
- Serving customers in 48 states
Specialties served by Med USA
- Ambulance and emergency medicine
- Behavioral & mental health
- Laboratory & pathology
- Urgent care
New customers get rewarded
- No implementation fees
- No setup costs for RCM services
- New RCM clients receive a free group contract payer sweep, including:
- Group enrollment status with payer
- Effective date
- Networks and plans
- Revalidation due date