Mission Statement

"To help Physicians achieve their excellence in patient care by providing them a reliable, cost effective, efficient billing service model."

MedLead Solutions is a medical reimbursement consulting firm dedicated to helping medical practices become more efficient and save money by allowing them to out-source their insurance processing and medical billing to an expert reimbursement service.

Company

MedLead Solutions provides a comprehensive Revenue Management Cycle focused on improving the efficiency of physician practice with our expertise. Medical Billing services currently exist to manage medical practices. These services relieve medical professionals of tedious detail work, but rarely do they offer a means to substantially maximize the practice's bottom line. MedLead Solutions will not only free office staff for more crucial tasks, but will also maximize return from insurance carriers.

U.S. National statistics show only about 70 percent of insurance claims, initially submitted on paper, and are ever paid by insurance carriers. With electronic submission MedLead Solutions can increase the percentage of claims paid to around 95 percent.

Additional statistics indicate that it currently costs a medical practice $8.00-$10.00 per claim to process insurance for their patients. MedLead Solutions can reduce these costs by 50 percent or more and MedLead Solutions can help generate improve cash flow and revenue for physicians within 14-18 days while the turnaround time on paper insurance claims could be 30, 60, even 90 days or longer, creating serious outstanding receivables for the practice.

Statistics also show a 30 percent suspension/rejection rate for insurance claims. This results in spending time/resources with insurance carriers over payment. That results in reducing your office efficiency. With the extensive editing performed at MedLead Solutions on electronic claims prior to their transmission to carriers, this percentage is reduced to 2-3 percent. Claims are submitted with a 98 percent accuracy rate.

Many simple administrative procedures that are neglected include:

• Keeping current with insurance specifications and regulations, so that claims were paid on a timely basis,
• Concentrating on collecting receivables and co-payments,
• Ensuring that fees were kept at the maximum allowable insurance carriers were paying,
• Procedure codes were current so that claims weren't suspended or rejected.

In order to successfully remain in business into the 21st century, the physician practice will have to adopt more efficient business practices and with the services we offer here at MedLead Solutions we guarantee an increase in revenue generation and efficient office management