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Staying Competitive . . .
Today’s business environment changes rapidly.
Competition, commoditization, regulations and
innovation challenge the most seasoned practitioner. |
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At MedicaFund we provide the ability to
advance funds to our Clients as a result of
our proprietary technology that utilizes a
unique system of controls that monitor the
funding, payments and reconciliations. The
entire process is electronic, and it can be
completely audited at the least level of
detail.
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In order to remain in business, be competitive and
profitable, new strategies need to be adopted.
Rapid decision making with or without consensus can
mean the difference between survival and failure.
MedicaFund’s unique Medical Billing Financing
provides the kind of innovation that will separate
successful profitable Practitioners from those
living and working day to day, hand to mouth.
Let MedicaFund be the Partner that allows you to
enjoy the profession you have chosen and the life
you have been given. |
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Claims payment can be a
nightmare . . .
Margins erode as
Practitioners hire more
staff in order to keep up!
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There are multiple requirements
mandated by insurers. New Federal
guidelines further complicate a
process that continually changes.
Capitation, PPO, HMO discounts and
Fee schedule reductions result in
Practitioners working harder to make
less. Staffing requirements increase
resulting in daily Human Resource
challenges. It is estimated that in
today’s medical market, $0.60 cents
of every dollar billed goes to
administration. Time works against
the profit margins of every
Practitioner.
MedicaFund,LLC provides immediate
cash flow without increasing work
flow resulting in increased profits
and increased margin. Business is
not about volume, it is about
margin. MedicaFund can increase
margin by 50%.
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MedicaFund utilizes the
proprietary web based technology . .
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Interfacing with the web based
claims system, iHCFA.com. |
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Medical claims are processed through
iHCFA.com and after validation by the
iHCFA system that a “clean claim” has been
received, MedicaFund advances funds to the
Practitioner.
HIPPA secure technology links the claims
payment system with the funding system.
Rapid weekly reconciliation maintains
ongoing cash flows through electronic fund
transfers.
Reports generate instantaneous knowledge
which govern, amounts borrowed, amounts
outstanding, interest paid and interest due.
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