Billing & Revenue Cycle Management (RCM)

Focused on maximizing practice revenue, enhancing cash flow, and cost efficiency, MED3OOO delivers timely, accurate, and affordable physician billing and collection services along with tools to measure performance and improve revenues and patient care.

MED3OOO can provide back-end “batch billing” services for physicians, EMS organizations, and other providers. Most clients streamline the process by utilizing a practice management (PM) system provided on a “Software as a Service” basis by MED3OOO, which facilitates patient scheduling and registration, and records treatment and discharge information, in addition to providing a platform for charge entry.

For added efficiency, many MED3OOO clients integrate CodeScan®, a powerful scanning and coding solution that eliminates manual charge entry while providing an intuitive tool for charge editing.  CodeScan® works as a front-end editor and processor and eliminates the need to manually key data into the system; saving time, increasing accuracy, reducing audit exposure, and improving productivity.

MED3OOO billing systems accommodate multiple fee schedules and provide secure electronic data interchange, meeting Medicare and HIPAA compliance requirements.

MED3OOO Reports Track Practice Performance and Identify Growth Strategies

Identifying and taking action on billing and collection improvement opportunities requires access to accurate and timely information. The MED3OOO IQ™ data warehouse and decision support tool provides key measures of billing and collection performance, as well as other financial ratios that help practices manage their operations. We use these same reports ourselves to ensure that our billing operations continue to meet the highest standards of performance.

MED3OOO IQ leverages data extracted from billing and collection systems, using it to facilitate decisions related to practice growth and enhancement (e.g., growth planning and capacity management), as well as the promotion of evidence-based medicine (e.g., patient compliance and quality reporting).

 
 
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