Financial Expert Discovers Cure for Doctors’ Achilles Heels…

However, in smaller medical practices unrecoverable accounts receivable might drive doctors out of business or force them to scale back the services they offer. Financial advisor Charles Jarai thinks he has found a solution.

Pasadena, California, United States – December 29, 2017 /MarketersMedia/ —

Early in his health insurance career, financial consultant and educator Charles G. Jarai, CLU discovered that many of the doctors he encountered were suffering severe financial stress brought on by having too many uncollected bills. This stress has actually increased in recent years since the advent of Obamacare.

“I had done a bit of research on my own, ” says Jarai, “and I discovered that the net collection rate; the rate that measures a doctor’s office’s effectiveness in collecting the amount the practice is owed, was very low. I sometimes ran into situations where the doctors were only collecting about 65% – 75% of reimbursements owed. Most practice management experts say that a consistent 96% rate needs to be achieved if a practice is to be successful.”

Jarai says he started realizing just how much physician, clinic, and hospital revenue is lost to bad debt, posting errors, and denied and underpaid claims. “Even doctors with more sophisticated and diligent debt collection procedures are still usually nowhere near achieving a 96% collection rate. Some are even dangerously close to having to close their practices.”

Concerned because many of these physicians were friends and clients, Jarai began to look for ways he could help small to mid-sized practices, independent anesthesiologists, hospitals, urgent care centers, and rehab facilities recover more of their accounts receivable.

“Doctors don’t usually go into medicine because they want to be business people. They go into medicine because they care about others and want to help them get healthy. Most doctors rely on their internal or third-party billing and practice management staff to pursue the debt and other business issues. Unfortunately, a lot of things get overlooked. ” says Jarai.

Recently, Charles came upon what he believes is the most comprehensive solution to the problem of putting more cash in physicians’ pockets.

“I associated with an organization that has a scaleable,proprietary accounting methodology and procedures that are saving doctors thousands and thousands of dollars every year, ” says Jarai. “They have literally kept some doctors from going under financially.”

More than just simple practice audits , the system Jarai uses involves a thorough analysis of A/R issues, cleaning up outstanding accounts receivable, and identifying existing and potential problems in a physician’s current billing processes.

“The firm invests extensive time and man hours preparing an actionable sample analysis. This analysis explains the underlying causes of the physician’s accounts receivable problems. We let them know exactly WHY they are losing thousands of dollars every month and give them a blueprint to help them recover this money,” explained Jarai. “The group of professionals with whom I work is uniquely qualified to do this much better than a typical billing company. They have years of corporate management, medical practice, collections industry, and financial advisory experience. They’ve been working with doctors for years and have a deep understanding of the medical industry’s unique issues.”

Jarai says this team of trusted experts can assist physicians, clinics, and hospitals with the Medicare/Medicaid Revenue Cycle Management, as well as most commercial insurance products and services.

“We can take care of the kinds of things which distract physicians from their true purpose of providing exceptional patient care; things such as ADR’s, RAC audits, MAC re-determinations, Medicare and Medicaid appeals, credentialing and contracting,” he says.

This service was recently launched, with plans to bring on more sales consultants to reach the entire nation.

“There is truly a need for this, especially in today’s chaotic healthcare marketplace. Obamacare has reduced the incomes of most medical practitioners. My goal is to help doctors, labs, clinics and and rehab facilities embrace change and develop efficient protocols that make their practices more profitable, less stressful, and more enjoyable.”

Charles G Jarai CLU and his associates offer a no-cost initial evaluation to health care providers, hospitals, clinics, labs, and rehab facilities, regardless of size. Contact him today at 888-632-5883 to learn more.

Contact Info:
Name: Charles Jarai
Organization: Jarai & Associates Insurance Agency
Address: Sierra Madre California 91025
Phone: 626-355-4799

Source URL: https://marketersmedia.com/financial-expert-discovers-cure-for-doctors-achilles-heels/271888

For more information, please visit http://www.jaraiinsurance.com/

Source: MarketersMedia

Release ID: 271888