Ebix Slideshow 3 11
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Transcript of Ebix Slideshow 3 11
What we doebix provides physician billing
services for independent physician practices and clinics. In
fact, for an average client, we generate an additional 10% of
revenue per year.
Why it works ebix increases revenue in three key areas
Coding Expertise
Data Analytics
Denial Minimization
Is ebix a fit? Independent
physician practices– Not hospital
employed MD’s– 80% of clients did
their own billing– Minimum of $15,000
monthly receipts
Clients we work with– Emergency Dept.– Radiology– Imaging Centers– Urgent Care– Hospitalists– Cardiology– Surgery– Internal Medicine
Benefits
Increase average charge 10-15%
Increase average receipt 10% Decrease days outstanding
15-30 days
Coding Expertise
Coding expertise
Denial Minimization
Data Analytics
Case Study Emergency Medicine Practice, Wisconsin
– Six-doctor and four mid-level (NPs and PAs)– Utilizing another billing service– No provider education led to decreased revenue
ebix’s impact Increased charges 26% with more accurate coding Increased monthly revenue 22% Accounts receivable days outstanding decreased 10
days
Qualifications 35 years in business Regional expertise 22 Certified Professional Coders
(CPC’s) In-house Information Technology
Department (IT)