Services

Fi-Med provides the medical industry with state-of-the-art medical billing and financial management services, from coding to claims to lockbox services to e-prescribing. In one seamless package our experts, backed by the industry’s top technology, streamline the financial health of your practice, lab or center.

Physician, Heal Thyself Financial Solutions™

(better known as the RAC Risk Assessment) This comprehensive analytical tool assists your practice in identifying whether you are a target for a RAC audit. Whether you are bringing a new physician in or evaluating existing physicians this tool will define outliers for E&M utilization, productivity, time study (annual hours worked per RVU) and acuity. It creates defensible fee schedules, and determines breakeven cost per procedure to evaluate your managed care contracts for profitability. For more detailed description of this product please see MIT Solutions, the newest member of Fi-Med's family of sophisticated products.

Compliance

Fi-Med works as your partner in helping you navigate the ever-changing compliance environment set forth by CMS and HIPAA. We shall work hand in hand with your practice to assist in appropriate quality reporting and the selection of electronic solutions for medical records and prescriptions. Our experienced medical records review staff can assist your practice in strengthening your documentation and protecting your group from RAC recoupment.

Provider Enrollment

Fi-Med is uniquely qualified in assisting both new and established physicians in the enrollment process for government and commercial payers. Our enrollment team tracks required changes and dates of importance for existing credentials, and supports the provider in enrollment with new insurances to your practice.

Billing Solutions

Fi-Med provides medical accounts receivable/billing solutions for your practice. Through the use of cutting-edge technology and our national  knowledge of specific carrier requirements, we maximize your revenue, reduce compliance risk, and submit claims to the insurance carrier correctly the first time for quick payment.  If a claim is denied, we have a team of certified coders and insurance specialists that work with the insurance to resolve. Comprehensive month end reports will provide information on trending, and define areas where you can enhance profitability.  We work as a team with your office to create an efficient, effective and HIPAA/CMS compliant billing process.

Lockbox Services

The Fi-Med bonded lockbox representatives manage all of your payments from patients, insurance companies and private payers.  This includes electronic funds transfers and assuring the receipt of the corresponding electronic remittances. All payments are received, recorded, deposited and reconciled, ensuring the most up-to-date reporting of your accounts receivable while providing the highest level of financial protection for your practice.

Document Storage & Retrieval

Fi-Med archives client data for storage and future analysis through secure methods that comply with HIPAA guidelines. Our focus is to preserve and protect information, and to make it accessible to clients for review at any time, 24 hours a day

Consulting Services

No matter what the specific area of concern, Fi-Med offers consulting services tailored to your specific organization. From documentation and service utilization to complete business management services, we bring forward solutions with a custom fit to the needs of your practice’s processes and financial bottom line.