Measuring an Effect of Clinical Protocol Adherence The Per Visit Value (PVV)
Measuring The Effect of Clinical Protocols Foot Care Associates Per Visit Value PVV = Total collections / Total Patient Visits
Action Plan For Foot Care Associates (if clinical protocols are being complied with) Payer Reimbursements ? Billing and Collection Protocol ? ? ?
Third-party payer collection timetable DayAction 1 Mail or electronically submit the CMS-1500 claim to the appropriate payer. 30 Review the account. If no third-party payment has been made, telephone the carrier. Be sure to obtain the name of the person with whom you are speaking and the status of the claim. If the carrier indicates that the claim hasn’t been received, confirm the address and refile the claim to the attention of the representative you spoke with. Verify that the new claim has been received. Request a statement showing the status of the account. 60 Send the patient a letter stating that payment has not been received from his carrier and the practice is requesting assistance in obtaining payment. Determine if the account will be referred to an outside source for follow-up with the insurance company and/or the patient. 75 Telephone the patient to discuss payment arrangements. Send the patient a written affirmation of any agreement. 90 Send the patient a past-due letter. 120 Send a final collection letter to the patient, and follow up with a telephone call. Prepare the account for outside collection.
Action Plan For Foot Care Associates (if clinical protocols are being complied with) Payer Reimbursements ? Billing and Collection Protocol ? Volume and Physician Extenders ? ?
A look at our practice’s payroll The Payroll Ratio ( payroll / collections ) x 100
Foot Care Associates Payroll Ratio Payroll Ratio = (Total Payroll / Collections) X 100
Summary of Reports Monthly A/R Report P/L Statement CPT Analysis ICD Analysis Total Charges Total Adjustments Annual Per Visit Value Quarterly Random fee schedule cross reference (10-15 claims per top 5 carriers)
Your Challenges Cash Flow Human Resources Critical Decisions Revenue Expenses Billing/ collection Productivity Attitude Work ethic Labor Laws Training Contracts Technology and other investments