Financial Medical Partnership

FMP beats all billing competition

3 Aug 2011 by FMP Accountant

If you’re thinking about finding a company to do your medical billing for you, there are many factors you need to consider. First, what is the cost of service? Second, what can I get from this service that I couldn’t do on my own? And third, what is the cost-benefit breakdown? Once you answer these questions for a variety of companies, you’ll be able to determine the service that best fits your needs. One service that’s perfect for just about any specialist’s office is Financial Medical Partnership, Ltd., which provides an electronic medical billing system using Healthcode’s online software. Out of all the billing companies available, FMP is one of the most affordable because it uses a fixed price for invoices. FMP charges the same fee for each bill processed, regardless of the total cost of the invoice. Other companies charge a percentage of the bill’s total, which can add up quickly when billing pricey surgical procedures. Considering the high cost of most medical bills, Financial Medical Partnership is much more affordable than other billing companies. When answering the second question—what can I get from this service that I couldn’t do on my own?—FMP provides a lengthy list of answers. In contrast to traditional paper billing, FMP’s online, electronic billing gets invoices paid faster and more conveniently. FMP uses Healthcode’s innovative billing system, which transmits information directly to insurers. The Healthcode system ensures that invoices are properly prepared and allows bills to be tracked to check on their payment status. So with FMP, you’ll not only receive payments faster, but you’ll also be able to monitor when those payments will be filled. Benefits greatly outweigh costs when Financial Medical Partnership does your billing. You’ll be able estimate your cost easily based on the total number of invoices you put out. Since FMP charges a fixed rate, there won’t be any surprises when is comes to billing service charges. And the cost of FMP will likely be offset from the start by the reduced back office costs that will take effect after you switch to electronic billing. The rewards that come with contracting your billing operations with FMP are innumerable. Not only will billing become much easier, but it will also increase the overall efficiency of the workplace as time will be freed to dedicate to other activities, like patient care. With billing performed by FMP, cash flow will increase too. You’ll also have easy online access to patients’ billing information. Financial Medical Partnership is a good choice overall for any practice in need of a billing system. It is cost effective, speeds up the billing process and increases productivity. There’s no reason to choose anyone else to fulfill your billing needs.

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FMP P.O. Box 1487, Surbiton, KT1 9RB, England, Company No. 03066638                
Tel 0208 398 9555