FOR IMMEDIATE RELEASE
MATRIX MEDICAL BILLING CLIENTS AND STAFF PREPARED FOR SEAMLESS 5010 TRANSITION
As January Deadline Looms, Other Billing Companies and Practices Seek 5010 Plans
Mesa, Ariz. – November 18, 2011 – Matrix Medical Billing (matrixbill.com), a national provider of medical billing services for private physician offices, clinics and hospitals, has prepared clients and staff for a seamless transition to the 5010 electronic transaction standards this January. However, Matrix Medical Billing is among the few that are ready to change over from 4010 to 5010 in a few months. According to a recent Medical Group Management Association (MGMA) survey, just four percent of survey respondents said they are completely ready for the January 1, 2012 deadline.
“We have been preparing for the important ICD-10 transition for the past six months, with an increased focus the past two,” explains Christian Burris, director of operations at Matrix Medical Billing. “We’ve been extremely strategic with the changeover, utilizing an expanded timeline, rigorous testing and staggered implementation to assure complete compliance well before the January 1 deadline.”
Much of Matrix Medical Billing’s preparation has occurred behind-the-scenes without disruption or inconvenience to medical billing clients. Matrix Medical Billing’s senior-level biller, Susan Serafin, leads the internal 5010-changeover initiative. In addition to ongoing training and seminars, Serafin acts as the intermediary between industry-leading software and clearinghouse partners Leonardo and Navicure.
“Both Leonardo and Navicure are meticulous, guaranteeing complete compliance of new regulations without lag time or delay,” says Susan Serafin, chief billing manager at Matrix Medical Billing. “Together we provide three lines of defense for clients; first personally checking for the updates, then running it through our highly-intelligent software and finally receiving third-party, non-biased edits from our clearinghouse partner prior to the medical clam being submitted.”
While the process sounds complex, it’s “business as usual” for Matrix Medical Billing’s experienced team. They continue to focus on proactively preparing clients so they won’t feel a financial pinch come January. Unfortunately, others within the medical industry may experience serious cash flow challenges if claims aren’t accepted for processing under the new regulations. Many must investigate 5010 contingency plans.
“Our extensive preparation ensures clients won’t have to worry like many of their colleagues,” adds Burris. “ Our clients won’t need to change any of their current billing or operational process with the new regulations because we’ve taken care of every detail.”
To learn how Matrix Medical Billing can prepare your office, clinic or office for the 5010 transition and minimize disruptions to your billing process or cash flow, contact a member of our team today.
About Matrix Medical Billing
Matrix Medical Billing provides medical billing services to private physician offices, clinics and hospitals throughout the United States. It specializes in medical billing for neurologists, ophthalmologists, cardiologists, physical therapists and other healthcare professionals. Its highly trained staff and state-of-the-art billing software, Leonardo, allow Matrix Medical Billing to create seamless transitions for clients from 4010 to 5010.
Matrix Medical Billing was founded to provide medical professionals an efficient, low-cost billing solution with 24/7 visibility to account information from any Internet connection. Clients enjoy the highest level of information security, faster collections, significant cost savings, and consistently rate Matrix’s support team superior in customer service.
