Our Pledge to You
Capital Medical’s mission is to passionately embrace your goals and make them our own. To accomplish that mission, our internal conduct and client relationships demonstrate these core values.
TRANSPARENCY
We understand the vital role medical billing has and the trust our clients place in us to do it properly is something we take very seriously. We provide our clients with direct access to their data and develop performance dashboards and analysis based on their specific needs.
CONSISTENCY
Our success is a tribute to our professionalism and accountability. We provide our clients with the services and technology they need and pay strict attention to their details. Our clients are around the corner and around the nation, but the feel is always local.
DEDICATION
We believe healthcare providers are working harder than ever to care for their patients. Unfortunately, it is becoming increasingly difficult to translate hard work into positive results. We know our success is directly correlated to the success of our clients. That is why our team works tirelessly to earn their trust and exceed expectations.
Full-Service Medical Billing
Our objective is to implement revenue cycle standards and procedures that will maximize medical claims reimbursements, reduce past due accounts, and improve financial reporting capabilities that will support the growth of your business. Capital Medical will accomplish this by excelling in the areas listed below:
- Ensure medical claims are coded to reduce denials and maximize reimbursements.
- Exhaust all options to collect unpaid claims.
- Properly credential providers with insurance carriers.
- Provide transparency and insight into medical claims data.
- Create customized financial reports and dashboards to support managerial decisions.
How Do You Measure Performance?
Measuring the effectiveness of your medical billing process is critical to the success of your practice. One quick and effective way of measuring performance is though benchmarking. Benchmarking gives you a point of reference or standard to compare against your actual results. By addressing areas of underperformance, a practice can experience double digit increases in revenue.
These benchmarks will quickly identify areas of strength or weakness in your medical billing processes. If your medical billing performance doesn’t measure up, perhaps it’s time you call in the experts!
- Percent of accounts receivable (A/R) past 90 days: Outstanding accounts past 90 days are at a much higher risk of going uncollected.
- Benchmark: 10% – 15% of total A/R
- Days in A/R: Measures the amount of time it takes to collect payment and the effectiveness of your collection efforts.
- Benchmark: 35 days
- Net Collection Rate: Measures how much you collected relative to what you expected to collect.
- Benchmark: 96% – 100% of collections
- Denial Rate: Measures the efficiency and quality of claims submitted to insurance.
- Benchmark: 1% – 2% of total claims
We Serve a Broad Range of Healthcare Providers
A Team Unrivaled in Experience
Private Practices
HOME HEALTHCARE
MEDICAL GROUPS
URGENT CARE
BEHAVIORAL HEALTH
CHIROPRACTIC
TESTIMONIALS
Here Are Some of The Things Our Clients Say About Us
Robin Godsey, CPA
I met the staff of Capital Medical Consultants when we decided to make internal office changes regarding our medical billing. To say Capital Medical walked into a huge billing mess would be an understatement. However, they were able to quickly address our issues and implement corrective actions while simultaneously keeping money coming in the door. When we looked at the month to month profit and loss statements, it was obvious that we had missed out on rather large amounts of revenue before outsourcing to Capital Medical and profitability dramatically improved after they took control of our revenue cycle. I highly recommend Capital Medical Consultants and would not hesitate to recommend them. Our only regret is that we didn’t contact them sooner!
Brad Schapiro, D.C.
I have been with Craig and his team at Capital Medical Consultants for several years. Craig has a background in financial analysis which has given him the ability to produce high level, accurate reports. Having access to this type of information has enabled us to make important transitional decisions that have been critical and have allowed our practice to continue to thrive. Also, they have always been friendly and timely in their responses to our questions and concerns. We owe a significant amount of our success to the amazing services we have received at Capital Medical Consultants, LLC.
Carrie Brooks, MBA
We have been with Capital Medical Consultants since we opened our office in April 2017. We were a new office just starting out and Craig and his staff were more than helpful and continue to be. The information they offer us regarding billing and reimbursement has allowed us to have the most up to date knowledge and keeps us moving in the right direction. They are always available when we have a question and they always have an answer to help us. We would recommend this company to anyone in need of these services.
Phone: (877) 393-3771
Email: contact@capitalmedllc.com
Capital Medical Consultants, LLC
PO Box 160
Tracys Landing, MD 20779
Copyright © 2020 Capital Medical Consultants, LLC