Medical Billing Companies & Consultants in Lafayette, IN

Practose is a medical billing and practice management company in Lafayette, Indiana. Its main clients are solo physicians and small group practices that would rather hand off insurance claims and patient statements than run them in-house. The firm takes on a limited number of clients on purpose, so that each account gets close attention. Its stated goals are to improve a practice's cash flow, cut administrative overhead and relieve providers of tracking Medicare rule changes.

Core Billing and Revenue Services

Claims processing for both medical and dental offices is the center of what Practose does, along with general practice management. Several related services support that billing work:

• Medical and dental insurance billing and patient billing
• CodeMAXX coding, where certified coders review encounter notes and assign current ICD, CPT and HCPCS codes and modifiers
• MD Audit Shield, which helps practices prepare for RAC audits
• Physician credentialing
• Collection programs for past-due patient balances
• Electronic fund transfer setup

The coding service is pitched as a way to avoid denied or underpaid claims. Code sets and the rules for using them change from year to year, and staff training doesn't always keep up. Practose also offers a free review of a practice's CPT coding and billing costs. The result is a written report that points out where revenue may be slipping away.

Technology and Records Support

Practose provides EMR/EHR software and says qualifying practices can get its practice management software at no cost. It also scans and archives paper medical records, offers remote backup and recovery of practice data, and provides HIPAA guidance. An online store sells forms, envelopes and software at reduced prices.

Transcription and Patient Engagement

Its transcription service handles dictation for individual physicians, nursing homes and hospitals of different sizes. The work covers emergency, acute care, admission, surgical and discharge documents. It also covers pathology, radiology, autopsy, physical exam, progress and labor and delivery reports. Finished files can be delivered as DOC, RTF, HTML, XML or PDF.

The company says the service is HIPAA-compliant and offers support around the clock. For patient retention, its well-care program sends letters, postcards and emails reminding patients about check-ups, tests and immunizations. It can also send birthday and greeting cards on the practice's behalf.

Practose also offers a wellness program that gives practices a second, cash-based source of income. It includes a line of nutraceuticals sold only through health professionals and a low-glycemic weight management plan. Other parts are genetic screening for nutrition advice, accredited CME and CEU courses, and a consultant who helps set the program up.

Each practice gets its own online store for patient reorders. This mix lets buyers combine billing, coding, credentialing, records and patient outreach under one vendor in central Indiana.