Medical Billing Services
Like any other business, your practice’s profits depend on maximizing revenue and minimizing costs. Argus Phi, LLC provides practices a means to reach these goals.
Maximize Revenue and Cash Flow
- Increase collections - Argus Phi can reduce the number of rejected and denied claims producing a higher collection percentage.
- Receive full reimbursement – Insurance carriers may try to down-code your claims. Argus Phi will analyze all reimbursements and contest any reductions. Our goal is to ensure you receive everything that you deserve.
- Renegotiate reimbursement schedules - With costs increasing and insurance reimbursements decreasing, your practice might be feeling the “squeeze” that many other practices are feeling. Argus Phi can renegotiate your reimbursement schedule for an improved bottom line.
- Improve cash flow – Collect your reimbursements faster. Medical billing has made many advances in the past few years. Don’t wait weeks or even months corresponding with insurance carriers. Receive acknowledgments and direct deposits only days after the claim has been submitted.
Minimize Costs
- Reduce Wage Expenses – Employees cost money. In addition to salaries and wages, you must pay Social Security, Federal Unemployment, and State Unemployment Taxes. Plus, you have to pay for benefits, supplies, equipment, and training. All these expenses reduce your practice’s earnings.
- Save on administrative supplies – Automation and electronic claims processing eliminates costs. Expenses like postage, paper, and envelopes are a thing of the past.
Strategic Intelligence
Success stems from knowing your strengths and weaknesses. Argus Phi provides reports that show you the status of your practice.
- Aged Accounts Receivable – At a glance, see how much your practice will be receiving. Discover which clients or carriers are good for your business, and which accounts need attention.
- Status reports –See the status of your claims. Our easy to read reports notify you which claims have been paid, pending and denied.
- Customized Reports – Every practice is unique. Argus Phi can supply customized reports to fit the needs of any practice.