Revenue Optimization
(B)n is an industry leader in “billing efficiency” (time to payment, 120 day accounts receivable, overall collection rate).
Improved Cash Flow - Faster Payment
Cash flow (available cash) is critical to practice growth and viability. The (B)n's system is designed to dramatically improve cash flow by substantially speeding up the time of claim payments. Doctors using the B(n) system typically have 50% of claims paid in 15 days and 90% in 60 days!
Reduced A/R (Accounts Receivable)
Accounts Receivable (the amount of unpaid claim revenue) remains inordinately high in most medical practices. The likelihood of unpaid claims getting reimbursed goes down with time. The vast majority of claims remaining unpaid after 120 days (120 day A/R) are never paid.
According to national averages, a typical medical practice with in-house billing has 17.7% outstanding A/R that is over 120 days old. A well performing medical billing company brings this average down to 11.5%. B(n) consistently has maintained 120 days A/R at 5% or less for doctors utilizing the B(n) system. This translates into B(n) outperforming the national median for A/R by more than 200%!
Increased Revenue
Most clients utilizing the (B)n system achieve substantial overall improvement in their total collections. This improvement translates into higher practice revenue with the average (B)n client realizing 12.7% revenue gains. Coupled with its low monthly fee, (B)n is a “Profit Center” for practices