IPMS offers a wide range of billing and collection services to save you time, money and effort. Below is a summary of the many services our company has to offer you.

Billing and Collections Management

IPMS submits electronic claims within 2-48 hours of receipt of physician charges. We focus on front end billing, assuring complete and accurate submissions. Payer fee schedules for all participating carriers are obtained and pre-entered into our billing system to immediately flag any payment discrepancies (i.e. underpayments, incorrect bundling of codes, etc.). Our client-specific teams of experienced and knowledgeable Medical Reimbursement Specialists provide thorough follow up on all accounts utilizing key IPMS reports, capturing every penny of revenue you're entitled to. The bottom line is that IPMS will turn the services you provide into the reimbursement you deserve, both timely and effectively.

Accounts Receivable Management

IPMS assigns a dedicated Account Manager to your practice to address your billing and collections needs. The primary responsibility of your Account Manager is to analyze account activity to quickly identify and resolve adverse trends. IPMS maintains impressive figures respecting average days in A/R as well as percentage of A/R in 121+ days, for all physician groups. Comprehensive and customized billing reports are reviewed with you monthly by your Account Manager.

Managed Care Contract Review

IPMS reviews payer contracts necessary for negotiating with the various insurance companies to obtain optimum reimbursements. We work closely with the physician group leaders, aggressively advocating on their behalf. Whether it be communicating directly with the payer or through an IPA/PHO, IPMS strives to acquire annual increases from the payers.

Coding

IPMS retains a department of Certified Coding Professionals. Our coders are adept at coding, analyzing and auditing of documentation relating to all specialties. Numerous resources, both conventional and technological, are skillfully utilized by the team for code assignment. The result is clean and compliant claims that get quickly turned around by the payers. IPMS offers comprehensive coding, billing and compliance audits based on client needs and preferences.

Payer Credentialing

IPMS performs all necessary credentialing and privileging services to establish and maintain participating status. We utilize on-line credentialing such as CAQH, Hospital Organizations, IPAs, and individual or group applications.

Financial Management

IPMS offers a full range of Financial Management services including Accounts Payable, Payroll, Financial Statement Preparation, Budgeting, Cash Management, and Physician Bonus Calculations.

HR Management and Consultation

IPMS offers full Human Resources Management Services including Payroll Processing, Benefits Administration, Personnel Administration, Policy and Procedures Development and Recruitment.

Cost Containment Recommendations

IPMS can conduct a review of existing cost structure and provide recommendations for improving bottom line results.

Strategic Planning

IPMS can facilitate the Strategic Planning process to help the practice identify long term business goals and develop initiatives to achieve them.

Physician Governance

IPMS can assist in developing the framework for effective physician governance.