The MedExPSI Stock & Bill program allows our clinics to eliminate to high cost of functional braces and durable medical equipment. MedEx PSI has over 10 years experience in the medical insurance billing process and with the Stock & Bill program, our billing department works closely with clinics and patients to determine insurance coverage, submit timely claims, and re-stock inventory levels on a weekly basis.
How does the Stock & Bill Program work?
Quite simply, Medical Express PSI takes over the care and upkeep of your soft goods and DME closet. We keep track of inventory, ordering and restocking items as they are needed. And most importantly, we file insurance claims. We'll do the paperwork including filing of claims forms and obtaining reimbursements. Our strong contractual relationships with many insurance companies and payers enable us to routinely submit and obtain reimbursement for soft goods.
Why would I want to hand over that control and what are the benefits?
Maximizing patient care, containing costs and maintaining profitability are primary responsibilities for medical practitioners today. With the current situation in healthcare, maintaining an orthopedic soft goods closet is often a drain on resources and profit. The MedEx Stock & Bill program allows your staff more time to concentrate on patient care and less on inventory management and billing.
Benefits:
- Eliminate the overhead of orthopedic bracing and durable medical equipment
- Access to a full line of vendor neutral products
- Convenience of getting patients fit with braces in clinic without an extra trip
- Eliminate the overhead of clinical billing department
- Ensure proper braces are being fit and timely patient care for follow up visits
What are the cost savings of the MedEx Stock & Bill Program?
MedEx PSI representatives are ready to calculate your practice's potential savings. To find out what your specific practice could stand to gain, we'll personally calculate the savings using information provided by you.
What is the first step with the MedEx Stock & Bill Program?
Your MedEx PSI representative will visit your practice and take a physical count of your soft goods closet. A fair market value is determined to purchase your existing inventory. From this point forward, MedEx PSI owns the inventory, so you have no carrying costs. Your MedEx PSI representative will develop a personalized inventory system to maintain the product you want for your soft goods closet.