MG Consulting Group
Services
Electronic & Paper Claims Filing
MG Consulting Group manages data entry, claims and claims tracking for our clients. Our system integration and total outsourcing allows claims transmittal to thousands of insurance carriers.
Claim Follow-up
One of our priorities is claim tracking and follow-up. We use an internal scheduling and tracking system for each claim, enabling us to provide constant updates to our clients.
Claim Adjudication
In today’s market, 70% of typical insurance laims are paid by insurance carriers. We aggressively monitor and access EOB’s and payments to ensure the highest possible reimbursement rates.
Form DevelopmentÂ
One of our initiatives at MG Consulting Group is to partner with existing clients to conduct an analysis of their current processes. After our initial consult, we work with the existing team to put updated and effective forms in place, such as super bills.
Patient Invoicing, Collections & Inquiries
We handle all patient phone requests, billing inquiries and necessary follow-up calls, while maintaining the guidelines required by federal, state and local regulations. We ensure that alli patients have monthly statements and make necessary adjustments on a case-by-case basis.
Executive, Management & Physician Reports
We provide your practice with the best financial and practice analysis reports available in the industry today. Custom reports are prepared during our initial consultation and at the request of supervisory staff.
Account Access
MG Consulting Group can provide direct access to patient accounts and online access to all account information, including financial and overall performance reports.
Full-Service Revenue ManagementÂ
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.
Management Consulting
HIPPA Compliance
Vendor & Financial Analysis
Third-Party System IntegerationÂ
Policy & Procedure Implementation
Outsourcing/ Insourcing Consulting
Electronic Medical Records
Claim Adjudication
Claims System Analysis
Form Development
Operations Analysis
We’ve Got You Covered
Receivables Improvement
Our solutions focus on maximizing collections and increasing your receivables – both in terms of volume and speed. Our clients notice a significant improvement in collections and overall receivable performance within the first six months. The MG Consulting Group Claim Reviewer will catch billing errors before data entry, which will provide a marked reduction in denial rates.
Our follow-up strategy is based on aggressive collection goals and client initiatives we put in place after analysis of your current processes. All follow-ups, appeal denials and misadjudicated claims are addressed promptly and with results in mind.
Customized Solutions
MG Consulting Group products and services are all customizable and scalable based on the needs of the client. We investigate the current policy, procedures and processes of each client and will customize a solution that best fits their unique needs.
MG Consulting Group offers full-service medical billing services ranging from service integration to complete outsourcing, while you retain total control of your business. We partner with practices to make lives simpler and businesses more profitable.
Performance Driven
MG Consulting Group’s business model is based on our clients’ performance Our pricing is directly proportional to our client outcomes. We believe strongly in our ability to get results! All of our services are offered with no investment in new technology.
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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