GoSoft will evaluate your entire revenue cycle management and provide a report. The specific process we will evaluate are Patient Registration Insurance Verification CPT/ICD-10 Code Review Claims Preparation/Submission Claims Adjudication Monitoring Insurance Follow Up Collection Agency Reporting Payment Posting GoSoft uses Key Performance Indicators to check the [...]
Yes, all of our services are HIPAA compliant. For more information about HIPAA, please click on About Us.
Well, the best way is to see an improvement in collections. However, you will be able to log in to MagikTrak or the Practice Management Software and look at our performance real-time. We believe in transparency and will do what it takes to ensure that we are keeping our clients happy.
MagikTrak is a powerful web based HIPAA compliant portal that provides the office with powerful data analytics. As the name suggests, it tracks all claims through the entire revenue cycle management until the claim is paid. It provides real-time information on claim submission, payment posting, payer changes, and insurance follow up notes with tasks assigned [...]
We get asked this question more often than not. It is our belief that we should not be taking a percentage of collections by just entering ICD and CPT codes. Charging 6% to 8% for entering a code for an office visit that doesn't require much expertise is too expensive for the practice. The majority [...]
On average, medical offices spend about 6% - 8% of their total revenue collected on their billing department. This is true whether the office has outsourced its billing to a company or doing it in-house. GoSoft typically charges customers about 3% - 3.5% of their total revenue collected. We charge based on man power used [...]
There are 3 aspects to the revenue cycle management. (1) Coding and Billing (2) Payment Posting (3) Follow Up. From our experience working with many offices, it is often not possible for a single person to work on all these aspects. We work with many offices with 1-5 physicians and find that the Accounts Receivable [...]
Yes. We will be happy to work on your past AR for a set price. The price depends on the status of your AR, how much man power you require and how quickly you plan to work on the claims. GoSoft can analyze your AR report and make a recommendation.
No. GoSoft can work with any software that is already in place. It is our preference to minimize changes to workflows that are already working well. However, if you are looking for a software, we can make a recommendation and assist with set up.