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MG Consulting Group has been providing practice management and billing services to physicians for over a decade. That experience has allowed us to provide custom solutions based on specializations. Our products and services will maximize your reimbursement process, eliminate unnecessary processes and allow you to spend more time with patients.
FAQ
What types of medical practices does MG Consulting Group serve?
MG Consulting Group offers comprehensive medical billing services tailored for all types of medical practices, including solo practitioners, group practices, and multi-specialty clinics. Our expertise spans across various medical fields, ensuring that regardless of your practice's size or specialty, we have the solutions to meet your billing and coding needs.
How does MG Consulting Group ensure billing compliance?
We are fully HIPAA-compliant and adhere to the highest standards of ethics, compliance, and integrity in all our operations. Our team stays up-to-date with the latest federal, state, and local regulations to ensure that your billing process is not only efficient but also fully compliant, minimizing the risk of audits and penalties.
What is MG Consulting Group's approach to handling claim denials and underpayments?
Our strategic approach to managing claim denials and underpayments involves identifying and addressing the root causes to correct and prevent future issues. We meticulously draft appeals, update claim data, and resubmit claims as needed, working diligently to secure the revenue your practice is entitled to.
Can MG Consulting Group handle both electronic and paper claim processing?
Yes, we are equipped to process claims both electronically and on paper, depending on the specific requirements of the insurance carriers you work with. Our adaptable solutions ensure that claims are submitted in the most efficient manner possible, improving processing times and claim acceptance rates.
How does partnering with MG Consulting Group improve my practice's cash flow?
By optimizing your billing and coding processes, proactively managing claims and A/R, and efficiently resolving denials and underpayments, we help to improve your practice's cash flow. Our goal is to streamline your revenue cycle management, turning receivables into reliable income and ensuring a healthy financial status for your practice.
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