2019 has been an exciting year at MedTek. The healthcare market continues to evolve, and we are happy to help our clients face new challenges and opportunities. As we get ready to welcome a new year, let’s take a moment to reflect on some of MedTek’s Top Stories from 2019.
ASC Success Story: Transcription & Coding Solutions
After years of trying other transcription and coding companies and being dissatisfied with delays and inefficiencies, an Ambulatory Surgery Center (ASC) in Southern Florida began working with MedTek and noticed immediate improvements in its reimbursement speed and cash flow. The ASC credits MedTek’s flawless Coding and next-day Transcription turnaround with strengthening the ASC’s overall Revenue Cycle Management. MedTek’s “one-stop shop” ensures the center receives timely payment, no matter how complex the procedure.
Video Highlights MedTek’s Revenue Cycle Edge
For healthcare facilities, including ASCs, Hospitals, Clinics, and Specialty Groups; speed, accuracy and efficiency are vital to a robust revenue cycle. MedTek provides a thorough, seamless Revenue Cycle Management solution by combining state-of-the-art technology and human expertise.
This year, MedTek created a video that highlights how our comprehensive workflow gives healthcare facilities a revenue cycle advantage, from Transcription to Coding to Billing. Our new Mobile App makes it simple for physicians to Dictate, Review and E-sign their reports without errors or delays. MedTek offers next morning turnaround with a 99% accuracy guarantee, and our reimbursement is, on average, 10 days faster than the industry standard.
Coding Challenges Grow for ASCs
ASCs are encountering increased scrutiny of Coding compliance from both Medicare and private payers. Since most surgery centers don’t have a dedicated Coding Manager, Educator, or Auditor on staff like hospitals and health systems, they often deal with unique Coding challenges. We understand that every code counts. Audits, claims denials, and exclusion from federal payer programs can damage an ASC’s revenue cycle. Our experienced Certified Coders and multi-tiered QA process ensure all national & local guidelines are followed to provide the most accurate results.
We are wrapping up a year of innovation and growth, and we can’t wait to show you what’s coming in 2020!
Learn more about MedTek’s Revenue Cycle Edge.