Management Services Network
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Management Services Management Services Network Network Leading the industry in exceptional performance through people, service, technology
description
MSN is the billing partner for 55 radiology practices in 19 states across the nation. MSN is a private company governed by its radiology client needs with the sole goal of working for the financial benefit of its radiology professional partners.
Transcript of Management Services Network
- 1. Management Services Network Leading the industry in exceptional performancethrough people, service, technology
2. Who We Are . . . *Falcon Capital Partners, LLC Next generation billing software (Technology Partners) 3 MSN Ranked Top 10 Nationally* Radiology BillingCompanies 54 Radiologyclients17 states U.S.Virgin Islands 6.3 million Procedures $720 millionChargesBilled Annually Industry Leading Management Team 3. Diligence Denied Claims Management Front End CleanClaims Capture Every Exam Code fromReports Only $75 21. Case Study
- 23.5% increase in # procedures billed
- 72% increase in average collections/month
- HOW ?
- Reconciling charges vs. relying on hospital charge information
- Coding from dictated reports vs. coding hospital charge information
- Aggressive AR follow-up
22. MSN Results* *Average increase in collections: 32.69% Previous biller: large, public company 23. AR > 120 Days
- MSN Radiology Partners - 12.02%
- RBMA Mean - 15.60%
24. MSN outperforms competitors We were able to give bonuses that exceeded those given during the prior calendar year in a quarter when we were transitioning billing companies . . . unheard of! Practice Administrator, New MSN Client
- Fear of a decrease in cash flowduring a transition:
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- #1 concern for practices considering a change
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- #1 reason practices stay with a B- performance rather than change to an A+ performance
25. Reporting
- Concise reports provide details about billing & AR performance
- MSN senior managers review monthly reports to identify trends, variances
- Ad hoc reports are easily available upon request
- Sample standard reports:
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- Aged AR
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- MTD/YTD by Payer
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- MTD/YTD by Modality
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- Payer Mix
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- Transaction Summary (Charges,Payments, Procedure by Month)
26. MSN Growth 27. MSNs Client Covenant We pledge to serve every Client with the highest levels of sincerity, fairness, courtesy, respect and gratitude, delivered with unparalleled responsiveness, expertise, efficiency, and accuracy. We are in business to createlasting relationshipsand we will treat our customers exactly how we would like to be treated. We will deliver the finest personal service by a caring and professional team who take 100% responsibility for meeting every Clients needs. 28. . . .our ultimate selection of MSN to me seemed simple:they gave me full confidence that they would treat our practice and protect our interests with the same degree of professionalism we provide to our patients and colleagues Michael C. Brunner, MD,Vice-Chairman of Radiology Swedish Covenant Hospital Past President, Society of Interventional Radiology Testimonials . . . The biggest and most valuable asset MSN brings to the table is the collected wisdom of its management team Anthony Fertitta Practice Administrator Lakeland Radiologists Jackson, MS 29. Questions?Practice Concerns?
