In a recent RevCycle Intelligence article, Abilene Diagnostic Clinic’s CFO Andrew Kouba shared his story of how his Texas-based multi-specialty physician group’s move to a consolidated medical billing experience lowered patient accounts receivables from 14 to 2 percent and allowed independent physicians to stay independent by implementing the InstaMed One Bill solution.
Read the full article, Consolidated Medical Billing Boosts Collections for a TX Group, in RevCycle Intelligence. Below is an excerpt from the article.
Providing a unified medical billing experience was key to improving patient collections by 24 percent in one year at the largest independent multi-specialty physician group in Abilene, Texas.
Abilene Diagnostic Clinic boasts 30 physicians and 30 mid-level providers, who specialize in a wide range of healthcare services, from anesthesia, family practice, and obstetrics and gynecology to occupational medicine, pain medicine, pediatrics, and podiatry.
The physician group allows these independent physicians and providers to maintain autonomy over their own practice during a time when remaining independent is getting harder. As the average deductible reached at least $1,350 for an individual, practices started acting more like banks to collect what was owed to the providers.