Billing & Collections
You provide a service; you should receive prompt payment for that service. Unfortunately, the struggle to collect monies from insurance and patients is a huge concern for most medical practices. Can I check my claim for errors before it is submitted? Did the claim go through cleanly? When will payment be received? Solor can help answer these questions and more. Our experienced financial team uses state-of-the-art billing software, e-MDs, to generate error-free claims that are processed quickly and efficiently. Our proven formula can have you receiving claim payments in less than two weeks of submission with most major carriers. This rapid turnaround time lowers the number of days claims remain in accounts receivable and streamlines collections. Some of the services we offer include:
- Account setup
- Transport of information
- Preparation of invoice
- Editing claims
- Claims submission
- Claims follow-up
- Patient billing
- Weekly invoice documentation
- Monthly revenue reports
- Rebilling of exceptions/denials
- Distribution of fees (posting incoming payments)
- Taking and answering patient billing questions
- Purging inactive accounts
- Collections Management Services offered at additional cost
Financial Services
Since 1952, our financial experts have provided the highest quality, personalized practice, tax and financial management services to elite healthcare professionals in Virginia, North Carolina and South Carolina.
We offer full-service consulting services and take personal interest in your professional success. We understand that success doesn't happen automatically, but is instead a process – one that requires a good strategic plan. We can help provide that plan.
From insights on obtaining initial financing, to overseeing a practice's merger, or even planning for your early retirement, we have the training and experience to make you and your practice more successful. We can assist you with the routine details of organizing and operating your practice and present options and possible new directions your business might take. When everything operates at a higher level of efficiency, you have more time to do what you have been trained to do, leading to greater achievement, satisfaction and personal reward.
- Complete Accounting Services
- Practice Management & Administration
- Practice Start-Up
- Tax Planning & Preparation
- Practice Surveys
- Financial Planning
- Practice Appraisals & Valuations
- Retirement Plan Design & Administration
- Group Practice Income Distribution
- CPT & ICD-9 Coding Analysis
- Payroll & Accounts Payable Processing
- Tax & Financial Aspects of Divorce
- Financial Worth Statement Preparation
- Educational Seminars
- Managed Care Contract Analysis
- Practice Mergers, Acquisitions & PO Development
Practice Management
Enhanced Clinical and Financial Control
- Simplify patient encounters, workflow, patient eligibility and revenue tracking
- Analyze clinical productivity and practice efficiency using real-time reports
- Remittance posting and efficient claims submission combine with our report generation software to give you an accurate picture of accounts receivable
- "ISeeU" care allows us to "look over your shoulder" when staff needs assistance
- Maintain HIPAA and OSHA compliance through our experienced consultants
Local Secure Technology
- Website and e-mail hosting
- Managed network
- All backups and updates provided
- Comprehensive and flexible training solutions
- Lab interfaces