Medical Bureau Database

A medical accounting bureau is an independent third party that takes over the accounting, claims and financial administrative activities of a healthcare practice in exchange for monthly fee.

General services include but are not limited to:

• Submitting of claims electronically to medical schemes
• Accounting services
• Client billing
• IT support

The use of medical accounting bureaus may save costs where healthcare practices incur:

• High administrative expenses;
• High salaries for administrative personnel;
• High PMA and EDI costs;
• High claim rejection rates

individually or as a combination of the above.

Please note that it is important to perform a comparative assessment on a per - practice base as there is a wide range of criteria that could affect whether outsourcing claims and financial accounting and administrative features to a medical accounting bureau would save healthcare practitioners money. Please also note that not all criteria is deemed relevant during decision making and that assumptions should not be generalised for all medical practices.

For consulting services, performed by Medical Practice Consulting, with reference to obtaining the medical accounting bureau that best suit your individual needs, please register a profile and refer to the bureau feature.

No not all medical accounting bureaus are the same! It is important to assess the qualifications, backgrounds, experience and affiliations of medical accounting bureaus before making a decision.

Would you trust an entity with the financial well-being of your practice if the individuals running the entity have no financial, claims or healthcare industry experience? Remember to always perform a background check before signing over your financial information.

Some medical accounting bureaus also offer extended services, based on the expertise of the individuals performing the functions within the entity. These services could include but are not deemed customary for all medical accounting bureaus:

• Tax assessments and tax submissions (through the employment of registered accountants)
• VAT assessments and VAT submissions (through the employment of registered accountants)
• Legal counsel and advise (through the employment of registered attorneys)
• Debt collection services (through the employment of registered accountants and attorneys)

Rates are generally charged as a percentage of the revenue of the practice and will vary based on the services offered by individual medical accounting bureaus.

It is also important to consider whether or not the EDI and PMA costs are included or excluded from the monthly rates as this may increase your monthly service fee.

For detail rates and fees for medical accounting bureaus listed in your area, please register a profile and refer to the bureau feature.

No, the level of services as well as fees charged for these services vary quite drastically. It is important to ascertain your individual needs before contacting a medical accounting bureau as there is no point in paying for services that you don't need.

It makes good business sense to outsource risks and save money at the same time but it is not wise to assume that it will always be the case.

For consulting services, performed by Medical Practice Consulting, with reference to obtaining the medical accounting bureau that best suit your individual needs, please register a profile and refer to the bureau feature.

It will no longer be necessary to pay monthly EDI and PMA costs with reference to your current practice, in the event that the processing of claims is outsourced to a medical accounting bureau. It is however important to note that some medical accounting bureaus quote fees inclusive of your PMA and EDI costs for the submission of claims from their entity on your behalf and others charge additionally. You may also be limited to a certain PMA or EDI product when moving to a medical accounting bureau - always obtain the necessary information before making the move.

For consulting services, performed by Medical Practice Consulting, with reference to obtaining the medical accounting bureau that best suit your individual needs, please register a profile and refer to the bureau feature.