Maximizing Efficiency and Productivity with the FTE Model for Medical Billing Services

Maximizing Efficiency and Productivity with the FTE Model for Medical Billing Services

now, we know that the healthcare industry’s reimbursement isn’t going to stay as it is. The changes are frequent and continuous with the constantly reforming healthcare industry, necessitating the need for constant monetary vigilance amongst medical practices.

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By

To maximize efficiency and productivity, a medical billing company must:

1. Increase revenue

2. Reduce the denial rate

3. Ensures submission of clean and error-free claims

4. Optimize the revenue cycle

5. Speed up the payment cycle.

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Working of the FTE Model:

Step 1: The client relationship manager and healthcare facility meet to discuss the best suitable option for the patient.

Step 2: Complete RCM and workflow analysis is done for future strategy.

Step 3: The hourly or monthly FTE fee is decided.

Step 4: Productivity is increased when an account manager manages an individual portfolio.

Step 5: Hassel free replacement of FTE if required.

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Maximizing Efficiency with FTE

1.

3.

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5.

6.

7.

Analysis and Causes of Claim Denials:

2. Eligibility check:

Reviews and Coding:

Posting of Payment:

Reimbursement of Claims:

SOPs Application:

Reduction in A/R:

Overview of FTE:

Full Time Equivalent

(FTE)

model

For

Medical Practices is a concept used for measuring the workload of an employee in a company. It generally comprises medical billers and coders in a healthcare company who work either full-time or part-time and are not on the company payroll. They smooth the workload by efficiently managing the data and RCM process. They are the outsourced medical billing team, which works with the in-house medical team to process the medical billing system.

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