Frequently Asked Questions (FAQ's)
Throughout our 26 years of experience and diligence, we have found ways to recover money for services and supplies that facilities provide and usually miss collecting for them. For example, an incontinent resident is a huge cost to a facility as you know. That same resident may mean an additional $500 to $700 per month in income to your facility.
Every facility or company we recovered hundreds of thousands of dollars for said the same thing.
Every facility or company has very competent accounts receivable departments, but they still miss many of the chargeable expenses.
Even if they were collecting every penny, what do you have to lose? It will cost you nothing for giving us an opportunity to prove our claim.
Your accounts receivable departments work very hard with the tools available to them. It takes lots of time and effort to gather data, prepare and submit claims to Medicare. Along with their routine workload and other responsibilities it is hard for them to do it.
Medicare Recovery Consultants independently collect data for items that can be billed from the records of past and current residents of your facility.
- By going back 12 months to recoup your lost revenue
- Prepare and submit claims to Medicare for payment
- Follow up on payments from Medicare and appeals in case of dispute
No. Our consultants do not take up any of your employee’s time. Our consultants work independently to do whatever is necessary to recover your money. This includes auditing records, gathering billing information, submitting claims and follow up of submitted claims.
No. We only go after the items that your collections department has missed. We do not touch the supplies or services your Medicare collections department is already billing for.
Your facility will be always in complete control of RAs and the funds recovered by MRC.
It usually takes four to six weeks from audit to receive funds and sometimes more.
No, it is not easy. It is a tedious job. If no one has done it before that does not mean it cannot be done. Many have done it before and many are still doing it.
We try to avoid duplicate billing because it is a misuse of our time. Before we send any claims, we always collect information from the facility or the relevant company about the supplies or services they bill.
Medicare claim processors have all the information available to them on every service or supply they have paid. If a duplicate claim is submitted, they simply deny the claim with explanation “DUPLICTE CLAIM”. If by any chance they pay and later require that payment be returned, we will reimburse our share of the payment to the facility promptly.
There is no catch. You have provided services and supplies to your residents and Medicare pays for them. We come in and, on your behalf, recover these payments.
Our service does NOT cost any money to the facility. We only charge a percentage of the collected amount. It is 50% of the collected amount.
It is tedious job that requires lots of effort to go back twelve months and dig up the information, make a clean claim and bill Medicare including the follow up to receive the funds. So, it is not easy thing.
Moreover, you pay out of the amount we recover, which you are not collecting now.
So, it is a winning situation for you and it will reflect on your financial bottom line.
The 50 percentage of zero is still zero, so if we fail to recover any money, your facility will owe us NOTHING.
Well, thirty-five plus thousand dollars ($35,000 +) per facility (depending on the size of a facility) should be enough to arouse your curiosity to give us a try. And if very humbly and respectfully I may ask; What do you have to lose?
No. You can give us a pilot facility to see how we perform. If we recover a substantial amount of money for the pilot facility, you sign a contract for the rest of your facilities. If we do not prove our claim, you do not have to give us any additional facilities.
We can begin creating a new stream of revenue for your company as soon as you call us. Please call us at (214) 535-6021.