Healthcare Transitions Management, Inc. offers comprehensive outsourced medical billing and consulting services in Babylon, New York, to optimize revenue and reduce expenses for medical practices.
Healthcare Transitions Management, Inc. (HTM) in Babylon, New York, specializes in comprehensive outsourced medical billing, accounts receivable management, and consulting services tailored to the unique needs of medical practices. The company aims to optimize revenue, reduce expenses, accelerate cash flow, and assure regulatory compliance, allowing practices to focus on patient care.
HTM's expertise covers day-to-day operational issues and strategic long-term planning, supporting practices with high-quality services that measurably improve financial performance.
Customized billing solutions
Professional management of billing, customer service, and receivable follow-up
Extensive experience managing physician practices
Over $150 million in annual billed charges
Focus on optimizing revenue, reducing expenses, accelerating cash flow, and ensuring regulatory compliance
Services
Comprehensive Outsourced Billing Program
Customized billing solutions designed to maximize collections through professionally managed billing, customer service, and receivable follow-up activities.
Claim Entry (If Required)Charges and DemographicsElectronic Interface (Optional)Electronic Claims (Primary and Secondary)Hard Copy Claims (Primary and Secondary)Roster and Institutional BillingPatient Coinsurance and Deductible BillingCustomized Patient CyclesCustomized Billing MessagesHandling All Written and Telephone InquiriesPayment Posting and DepositsAccounts Receivable ManagementLine Item A/R SystemInsurance and Patient Follow-UpPractice ReportingCoding (Optional)Obtaining MUTS (Optional)Maintaining Historical DataAnnual Fee Schedule ReviewQuality AuditsStrategic Planning
Credentials & Certifications
Extensive experience managing physician practices
Managed over $150 million in annual billed charges
Frequently Asked Questions
What do you do if claims are unpaid? +
Effective follow-up of unpaid claims requires the most basic telephone. While we do routinely resubmit unpaid claims, the most effective way to follow up on unpaid claims is to call the insurance carrier and determine why the claim hasn't been paid. Effective follow-up can add as much as 20% to a practice's gross revenue.
If something about my practice changes, like merging with another practice with a billing system, can I get out of our agreement? +
You can get out of our agreement at any time and for any reason with 60 days' written notice.
What should I do about my existing receivables? +
In most cases, we suggest they be worked down through the existing billing mechanism. The next best alternative would be to transfer them after they have been worked for an additional 90 days. At that point, all of the 'easy' money will have been collected. In some cases, we will convert the old receivable simultaneous with going live on new billing.
How much do your services cost? +
That one is impossible to answer here. If you would like to find out more about our pricing, please provide us with some minimal information about your practice, and we will respond directly to this question as it relates to your practice. Of course, any information provided to us will be held with the strictest degree of confidentiality.
How long does it take to get started? +
Depending on whether an electronic interface is needed, the implementation process will take 60 days. Within the implementation timetable, master files are created, customized protocols are developed, and electronic linkage is established with the insurance carriers to allow us to bill electronically on your behalf. Don't be fooled by a competitor who promises you a shorter timetable just to get your business. If the timetable is short, it simply means that shortcuts will be taken and paper claims will be sent. This is not to your advantage.
What is your collection percentage? +
Gross collection percentage (receipts/charges) varies, dependent upon how high or low a practice fee schedule is compared to reimbursement. It is not a good measure of performance. Net collection percentage (receipts/charges, contractual adjustments) is a better measure of performance. It means how much was collected against the maximum that could be collected. We expect to collect from insurance companies (on a net basis) 95%+ for patients with valid insurance. It may take multiple submissions, but we will collect it. Collections from patients are usually a direct reflection of the economic community you service.
