Med A Audits was approached by a long-term care facility in California that was struggling with lost revenue due to incorrect billing practices. The facility had an existing contract with a pharmacy but was experiencing discrepancies in the billing process. They were not able to keep up with every transaction and were losing out on valuable revenue.
Recognizing the potential for significant cost savings and the impact on the facility’s bottom line, Med A Audits quickly got to work. Our team of experts conducted an in-depth audit of the facility’s billing records, looking for inconsistencies and errors in the billing process. We then worked with the pharmacy to rectify the errors and ensure the facility was being billed correctly.
The results were impressive. Through our contract billing and audit services, the facility recovered over $100,000 in lost revenue. This represented a 15% increase in monthly revenue, providing a significant boost to the facility’s financial performance.
At Med A Audits, we understand the importance of accurate billing practices for long-term care facilities. Our team of seasoned professionals is committed to ensuring that our clients’ contracts are being billed correctly, allowing them to focus on providing excellent care to their patients.