The Code 3 Solution
Our mission is to continuosuly focus on improving your cash per transport by offering your ambulance service:
- professional, experienced, certified ambulance coders
- economies of scale processing(that in the past only very large companies enjoyed)
- sensible ideas to improve PCR documentation that will boost timely payments and create more favorable outcomes in post payment reviews by federal Recorvery Audit Contractors
- unsurpassed collection and follow-up by true professionals,who care about maintaining a good reputation for both the EMS agency and themselves
Our longevity in the ambulance billing business and our rigorous study of the Emergency Medical Services Industry gives us real perspective of the obstacles that challenge any ambulance service to provide quality emergency care.
Identifying and then finding solutions to the challenges of the average ambulance provider is essential to your profitability and, in some cases, your survival.
Identifying Ambulance Industry Challenges
- Costly Department of Health regulation for equipment, training, and licensure with only limited or no government support.
- Rising payroll, payroll taxes, employee benefits, liability insurance, and fuel costs while your organization faces declining insurance fee schedules and adverse payment trends.
- Global economic downturn with out-of-work community members holding no health care coverage resulting in increasing unpaid claims.
- Current adverse banking conditions making it increasingly difficult and cost prohibitive to secure loans for ambulances and equipment.
- PCR's that can't produce clean claims which impact on both timely payment and adverse audit outcomes from federal Recovery Audit Contractors.
- Costly increased monthly/yearly maintenance and update fees for EMS billing, EMS billing services and other EMS software used for operation.
- Increasing demands on the US Treasury could result in more rigorous Medicare post-payment review than ever before, crippling the ambulance industry more than ever!
All of these obstacles and many more make it more difficult to operate and even more challenging to ensure quality pre-hospital services to the community.
Solutions that Make Sense:
Your organization must first know its cost per trip. This is easily accomplished on a spreadsheet by listing all monthly expenses and dividing it by the number of trips per month. This makes it easier to understand where your service should begin trimming the fat.
Also, it is vital to your organization's financial health to take a sensible look at the margin between your cost per transport and cash per transport and find ways to improve the margin.
Just for checking us out, Code 3 offers a complimentary audit of your current billing process. Coding specialists can evaluate your cash per transport, and risk assessment of potential post payment review issues.