Medical Billing Companies & Consultants in Villa Park, IL

Physician Revenue Solutions is a medical billing and practice management company headquartered in Villa Park, Illinois, a western suburb of Chicago. It serves healthcare practices in the city and across the state. The company states that its work is carried out by a local team based in the United States. Its mission is to raise the profitability and performance of client practices and support their long-term stability, so that physicians can put their attention on patient care rather than administration.

Services Offered

The company bundles several connected revenue cycle functions, allowing a practice to hand off much of its financial back office to one provider. The service menu includes:

• Physician billing, from claim preparation through submission
• Insurance follow-up on unpaid claims
• Denial management and appeals
• Patient balance follow-up, including help with payment plans
• Payment posting and accounts receivable handling
• Medical coding
• Credentialing for providers
• Fee schedule assessment
• Practice management and reporting
• Revenue cycle consulting

Approach to Billing

The firm emphasizes accuracy at the front end. Its specialized team aims to submit each claim correctly on the first attempt, which limits rejections and slow payment. Once claims are out, staff keep following up with insurers so that money owed to the practice is collected instead of written off as a loss.

When a claim is denied, the team works to resolve it in line with the practice's contractual agreements and payment schedules. The company reports that its appeals process succeeds 98 percent of the time.

On the payment side, it says postings are finished within 24 hours of receipt and that its accounts receivable process moves payments through within 20 days. For balances left after insurance has paid, staff explain what remains to the patient and help set up manageable payment plans, an approach the company links to patient satisfaction and repeat visits.

Fees and Technology

Billing is priced as a share of a practice's annual net collections, and the percentage declines as collections rise. The schedule is posted publicly, which lets prospective clients gauge their likely costs before making contact. The company also refers to technology partners intended to integrate smoothly with a practice's systems, though it does not name particular vendors.

Leadership

Founder and CEO Bart Nowak earned an MBA in healthcare management at Loyola University Chicago and holds the Certified Coder credential from AAPC. He has more than twenty years in healthcare management and administration, including time as a billing manager and a revenue cycle analyst.

That experience, according to the company, gives him a broad understanding of physician billing and an ability to analyze trends affecting charges and collections. He follows current coding and billing regulations and is described as a hands-on partner who works closely with clients on their goals.

Testimonials on the website come from practices tied to Chicago, Elgin and Cicero. The company lists a wide service footprint that includes Naperville, Schaumburg, Oak Park, Orland Park, Northbrook, Highland Park, Waukegan and Moline. Among its main selling points are a certified, degree-holding founder, openly published percentage-based fees, and one provider covering billing, coding, credentialing and consulting.