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COR's management works with physicians to develop comprehensive strategic plans, marketing plans, operating budgets and financial projections. We assist with pricing services; coordinate billing services; monitor accounts receivable and payable; evaluate alternatives for new equipment and related financing; and prepare and/or review monthly financial statements.
COR's capabilities :
- Manage the process for packaging and pricing of physician's specialized medical services (review and monitor billing structure, fees and reimbursement levels).
- Coordinate and manage billing services including third party contractual arrangements, employer direct agreements, other third party payers (e.g. Medicare, BCBS) and individual "self-pay" accounts.
- Coordinate and manage accounts receivable and collections.
- Develop and maintain a database of patient demographics and utilization.
- Manage accounts payable, including negotiation of discounted agreements and purchasing arrangements.
- Provide physician productivity reports.
- Provide monthly financial statements and review with physician as to areas of opportunity for improvement.
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