Frequently Asked Questions
How does M3 differentiate itself from other Medical Management companies?
We not only improve your billing and coding, we evaluate ways to reduce overhead and improve overall revenues. When ready, we begin adding relevant ancillary services and implementing EMR. We will follow through with your business from the beginning, with low associated costs.
Do I have to incorporate all 3 applications or can I use M3 for only one?
M3 will help you with Medical Billing, EMR and Practice Management as a bundled package, or as individual applications - depending on your requirements for your practice. We apply a customized approach to each client.
What are the associated costs of working with M3?
Our pricing is reasonable and competitive. All costs are presented upfront and there are no hidden fees. Other companies might offer a similar service but they do not offer the start to finish execution of M3.
How does M3 improve the hassles and headaches of dealing with insurance companies and improve payment turn-around time?
M3 helps level the inequities between enormous insurance companies, with unlimited resources, and your practice’s capabilities. We break down the barriers of physician compensation by providing a thorough, manual review of claims and scrubbing software before sending them to insurance companies, removing any room for claim denial. M3 then provides aggressive follow-up by applying current software and current laws regarding timely payment.
How quickly will I see my profits increase?
Our exclusive CodePro® (need to search usage w/lawyer) system applies current laws and legislation, aggressive follow-up and latest software to help identify all of your practice’s outstanding collectibles and finds any money “left on the table”. The money coming back to your practice is immediate. CodePro is a dynamic application in that it first provides a forensic evaluation of your existing practice coding and then uses that information to improve your current processes, maximizing reimbursement.
What is the benefit of Electrical Medical Record (EMR)?
EMR is a computerized method of recording medical records. We have discovered EMR reduces overhead and increases revenues. It eliminates paper charts, improves operating efficiencies and facilitates data collection and analysis. It prepares your practice for the P4P (pay for performance) wave that is soon to hit medicine.
Why move to EMR now – what is the urgency?
Federal government incentives are geared toward EMR. Electronic medical billing will be mandated in the near future. Converting to EMR today prepares you for future regulations, alleviates the need to re-enter and re-submit medical records, maximizes office efficiencies, reduces overhead & increases revenues….ahead of the curve. Audit?…let them. Your documentation will weather any audit while your higher level E&M codes rise.
Is there a direct benefit to the patient with EMR?
EMR instills patient confidence and improves patient safety. Clinical alerts and disease tracking improve long term health outcomes. The lost chart and legibility issues disappear. Records are instant and readily available to the doctor and any consultants. Patients feel confident that their doctor is up to date with advanced technology and medical applications.
How does EMR selection work and what software is required to move to EMR?
M3 helps sift through the multitude of EMR software available to determine the best product for your practice. We then implement it seamlessly into your office. M3 is an authorized reseller of MDTablet, a state-of-the-art, HIPAA compliant product that brings EMR within the reach of any size medical practice. If applicable, we will incorporate MDTablet for your EMR conversion.