Success Stories
Success Story
Practice - 6 doctors, 2 locations, collecting $3mm per yearThe CPA for the practice was concerned about the low or erratic collections. Met with the CPA at his office and talked about A/R and billing in general.
Set initial interview/meeting with the Office Manager and Doctors. OM stated, "Doctors are not turning in hospital charges in a timely manner."
K&A Process:
- Collected practice data on A/R, charges, collections
- Analyzed and benchmarked results
- Reviewed operations, interviewed staff
- Analyzed process and data flow
- Developed and implemented recommendations
End result:
- Reduced Delay in Charge Capture by 47%
- Reduced Days in A/R by 32%
- Increased Collections by 27%
Success Story
Practice - 4 doctors, 3 NP's, collecting $1.5 mm per yearOwner physician for the practice was concerned about cash flow.
Set initial interview/meeting with the Office Manager. Office Manager stated, "I need to review each patient statement before it is sent."
K&A Process:
- Collected practice data on A/R, charges, collections
- Analyzed and benchmarked results
- Reviewed operations, interviewed staff
- Analyzed process and data flow
- Developed and implemented recommendations
End result:
- Reduced Days in A/R from 120 to 63
- Increased Cash Flow
Success Story
Practice - 3 doctors, collecting $1.1 mm per yearOwner physician for the practice wants EMR
Set initial interview/meeting with the Doctor. Doctor stated, "I want EMR and to be paperless."
K&A Process:
- Gathered information on available systems and conduct site visits
- Developed implementation and conversion plan
- Recruited and manage IT firm
End Results:
- Successful EMR Implementation