|Initial Franchise Fee||$39,900|
|Total Investment||$53,950 - $66,000|
|Royalties||12% of monthly Gross Revenue|
PracticeForces has been simplifying billing solutions for our clients since 2003. We have had the privilege of helping physicians nationwide in a wide variety of medical specialties including: Gastroenterology, Internal Medicine, Anesthesiology, Cardiology, Pulmonary & Critical Care, Podiatry, Radiology, Pediatrics, Primary Care and many others. PracticeForces is headquartered in beautiful Clearwater, Florida.
Our team serves Surgeons, Outpatient Physicians, Hospitalists and Clinics from single-physician practices to multiple physician practices and large hospital groups. We are proud members of MGMA and HIMSS.
We provide complete revenue cycle management and medical practice consulting and can manage all or a portion of the billing tasks for your medical practice, including:
• Launching new medical practices. • MACRA readiness and consulting. • EHR evaluation, installation, training and support – we are EHR agnostic. • eClinicalWorks server installations and support. • AdvancedMD EMR training and support. • Technology solutions and consulting. • Medical coding by our AAPC (American Academy of Professional Coders) certified coders, enabling our coders to demonstrate superior levels of expertise in their respective specialty disciplines. • Credentialing for Medicare, Medicaid and commercial carriers. • Daily payment posting and deposits directly to the practice/doctor’s bank account • EOB follow-up and denial analysis. • Immediate electronic transmissions of claims within 12 hours from the time of patient visit. • Real-time insurance verification of deductibles, secondary, and tertiary claims, including claim status verification within 24/48 hours of submission. • Consistent cash flow, due to immediate claims filing. • Continuous follow up with patients and insurance carriers, and management of all patient or carrier calls regarding outstanding claims or balances. • Charge entry for any volume of charges and coding analysis including all modifiers. • Claim scrubbing to ensure there are no coding or claim information errors. • Timely EOB follow up with carriers: analysis of electronic remittance advice, rejection codes and then necessary actions taken to recover all amounts due. This includes all required insurance claim forms, which are generated and submitted by our office. • Rigorous denial management, payment pursuit, and appeals in which highly effective specialists perform claim-by-claim review and execute appeals on your behalf. Detailed client reporting & analysis provided on client-chosen intervals free of charge.
Held at our headquarters in Clear Water, Florida, through our extensive training, you will learn all of the ins and outs of the PracticeForces company and how to successfully run your own frachise. Youll learn our simple, streamlined business model and our marketing strategies. We have made sure that our training is simple and easy to grasp. But should you feel as though you need any extra help, additional training is available.
We are offer two options for franchising: A single unit franchise with an exclusive territory of the lesser of three (3) miles or a population size of 50,000 people. You can also purchase the rights to a larger region or territory through an Area Development Franchise Agreement, wherein you would build a series of the PracticeForces franchise.
With PracticeForces, you have a national team of over 300 experienced, certified experts identifying underpayments, preventing claim denials, and focusing on the health of your practice - so you can focus on the health of your patients.
Not only do we provide medical billing assistance for physicians, we also offer holistic practice management consulting and effective solutions to help you streamline your administrative processes and develop the most profitable and patient-centric practice possible.
On average, our clients experience a 20% increase in revenue during the first year of partnering with us, with spikes of 50-70% not uncommon.
This recent half-yearly analysis of our services for an established primary care and geriatrics practice shows how, after taking over from their previous billers, in just over 6 months we achieved a 158% payment increase, and significantly reduced their outstanding A/R.