Frequently Asked Questions
Why choose Financial Medical Partnership?
We provide a cost effective solution for your medical billing requirements.
We provide a flexible service, tailored to your requirements. The staff at Financial Medical Partnership are experienced and specialised in medical billing, accounting and bookkeeping.
Financial Medical Partnership can save your practice time and money on its medical billing requirements. We offer a complete patient billing solution.
We can improve the efficiency, productivity and patient relations of your private practice, leading to increased profitability.
We are able to reduce costs and maximise our efficiency by using Healthcode, the state of the art electronic patient billing system owned by the major UK Healthcare insurers. We receive billing information via scanner, e-mail, fax and post from our clients without having any of the billing documentation leave their offices.
Accurate electronic patient billing and tracking with billing frequency as often as required.
We can bill for any medical specialty, from individual practitioners to large group practices.
Billing information can be sent by e-mail, fax and post.
We can produce electronic invoices for BUPA, AXA PPP, Norwich Union, Standard Life, First Direct, BUPA International, First Assist, BCWA, Exeter, Friendly, HSA and CIGNA.
Traditional paper invoice submissions take 3 to 6 weeks to process and be paid.
Standard electronic claims filing allows payment from insurance companies within 5-10 working days.
This drastic reduction in time is due to the many added features available on Healthcode.
All cheques and payment information will be sent directly to you as normal. We can arrange for a copy of this information to be sent to Financial Medical Partnership for those clients wanting the invoice and reconciliation service.
The best way to eradicate this problem is to insist on patient pre-payment before consultation or treatment take place.
The majority of patients are happy with this arrangement and it is standard practice in private hospitals.
Financial Medical Partnership offer this service and allow patients to pay by a variety of methods including credit card, debit card, cheque, cash, BACS and bankers draft.
We can start the set up process immediately upon signing the contract.
Invoices are generated but stored as draft invoices until the relevant information can be added. The invoice is then electronically submitted.
If choosing the invoice and reconciliation service, we can arrange for duplicate payment advice notice to be sent to Financial Medical Partnership, which is reconciled with Healthcode, indicating that an invoice has been paid and allowing payment tracking.
Examples of differences in charges for medical billing for a variety of different procedures. For illustration, BUPA codes and fees are used.
These savings on individual consultations and procedures can quickly multiply into substantial monthly and annual savings. Examples of differences in charges for medical billing for a variety of different procedure types.
FMP P.O. Box 1487, Surbiton, KT1 9RB, England, Company No. 03066638
Tel 0208 398 9555