With increasing regulations, shrinking reimbursements and skyrocketing costs, it is getting harder and harder to keep your practice profitable. Cash Flow Strategies can help you:
One brief "cash flow checkup" will help you to see the various areas in which you can make some changes that will let you keep more of your money and make your practice more efficient and profitable.
We will show you how to automate your patient A/R, providing tools to motivate your patients to pay you faster. This service will save valuable staff time, in most cases fully integrating with your current software, cost less than you are spending now, and greatly reduce or eliminate the need for expensive collection agencies and attorneys. Your compliance is guaranteed, as is our performance.
Handling personal injury cases and accepting medical liens? We will purchase those liens, now and in the future, allowing you to receive payment sooner. This will give you predictable cash flow on future receivables, eliminates the risk of not collecting on a claim, and saves staff time used in monitoring and negotiating settlements with attorneys.
How much does it cost to have your staff "on hold" while clerks look up slow paying claims? The answer is "Way too much!" We can help you speed up slow pay insurance claims, while eliminating the need to have your staff spend their day "on hold."
We focus on small and medium sized practices' need for fast cash to use as working capital. In just a few easy steps, you can get your practice the funding it needs to expand, recover, market, launch, rebrand and more... within 72 hours you can have the money in your account ready to move forward.
HIPAA Risk Assessments are now mandated on an annual basis to keep your practice compliant. Don't pay large sums for your assessment. We will help you with your assessment at no charge, and offer you any services necessary to make your practice fully compliant with obligation.
There is very little service in merchant services these days. We give personal service and attention to your needs, guarantee the lowest cost for merchant servicing for life, and keep you current with all the most up-to-date processing equipment. We will work closely with you to keep you PCI and HIPAA compliant as well.
Converting to LED lighting in your building can save as much as 70% of your lighting bill and eliminate the need to always change bulbs (guaranteed 10,000 hours). This conversion can be done without changing your current fixtures, and can be done with no money out-of-pocket. This results in positive cash flow in month 1, and can provide energy rebates and tax savings as well.
If you own your building, or have done leasehold improvements, you may qualify for Cost Segregation. Engineering-based Cost Segregation Studies are the IRS-preferred method to accelerate your depreciation and potentially save you tens or hundreds of thousands of dollars on your taxes. We'll work with your CPA to make sure you get every dollar of savings due to you.