The ongoing debate over the rising costs of health care have become hot topics everywhere in the United States. From the office water cooler, to the dinner table, to Capitol Hill - Americans are talking about what can be done to curb the spiraling cost of quality health care. Many feel that there will be no substantial change although most all Americans agree that change is necessary.
One of the most difficult problems to overcome in this debate is the overwhelming costs associated with running a successful medical practice. Physicians are bombarded with costs relating malpractice insurance, labor, billing expenses, software expenses, hardware expenses, general overhead, and interest on education loans. According to the New England Journal of Medicine, overhead and billing expenses consume as much as 43% of annual revenue for a medical practice. A recent report from PricewaterhouseCoopers states that inefficient claims processing is the second largest area of wasteful health care spending, costing as much as $210 billion annually. As if there were not enough in way of controlling costs, physicians also must deal with insurance company representatives dedicated to delaying payments and denying claims. With the cost of delivering quality healthcare on the rise, and with the complexities of the insurance reimbursement process constantly changing, where can we turn to put the brakes on these unchecked costs?
Bringing a fresh take on the idea of controlling costs and increasing efficiency for physicians is Claim Resolutions LLC. As the name suggests, this organization is focused on reducing costs for physicians and increasing efficiency, therefore lowering the cost of running a successful medical practice. Claim Resolutions LLC is a full service medical billing and practice management firm offering services to physicians nationwide. Although there are countless medical billing companies across the country today, Kevin Williams, Managing Director of Claim Resolutions LLC tells us that, “We are well aware of the billing companies out there claiming to reduce costs and increase revenue, yet we truly believe that we bring something innovative to the marketplace in terms of cost savings and expertise. While other firms are centered on making money for themselves, we’re focused on taking the burden off our clients shoulders by providing them with expert support. Quite simply, we are providing our clients with the absolute best Practice Management software available, and processing their insurance claims with unparalleled efficiency. Doctors are experts in medicine, we‘re experts in the business of running a medical practice.”
In a market where physicians and office managers are constantly offered a new product, it’s refreshing to hear of a company that is constantly searching for solutions on behalf of their clients. For every office under their tutelage, Claim Resolutions provides the most innovative practice management software on the market, at no additional cost. This eliminates the need for costly updates and upgrades to software and hardware, while ensuring compliance in this constantly changing environment. In addition to eliminating unnecessary costs, this firm is also ensuring payment on 99% of all insurance claims, a staggering figure in comparison to industry averages.
It would seem that Claim Resolutions LLC is committed to providing physicians with a mean to lower the costs associated with delivering quality health care. With physicians costs lowered, it seems inevitable that the cost to consumers can be controlled. Time will tell if this innovative firm can achieve it’s goals, though it should be noted that the obvious commitment to excellence of behalf of Claim Resolutions LLC puts them in position to succeed.
