MD Consulting Solutions

Practice Management

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Billing and Collections

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Contracting and Credentialing

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About us

We are a Medical consulting Practice management firm that offers Billing and Collections.

We are a team of experienced medical practice professionals with hands-on managing and growing successful medical groups and private practices. We bring breathe of knowledge in the areas of business strategy, operations and project management. Allow us to provide integrated solutions to help our clients quickly identify opportunities to improve the patient experience, cash flow and profitability.

MD Consulting Solutions allows flexibility within the following roles

Medical Billing Specialist

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Accounts Receivables

CEO

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Payment Posting position

Senior Architect

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Data Analysis

Senior Strategist

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Contracting and Credentialing

Senior Strategist

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In House Billing & Collections vs. MD Consulting Solutions Billing

In-House Billing and Collections Monthly In-House Cost Our Group Cost

Two-Employee Salary $6,240.00 $6,300.00

$18.00 per hour x 40 hours per week Average of $90,000 Total Net Receivables at 7% Payroll Taxes (estimated) $395.00 $0.00

Social Security, Medicare, & Unemployment

Employee Healthcare

Average PPO plan $185.00 $0.00

50% Employer's portion of dues

Sick Leave $480.00 $0.00

Based on 4 days per year

Vacation Leave $840.00 $0.00

Based on a one week paid vacation per year

Workers Compensation $118.00 $0.00

Based on $0.95 per $100.00 on payroll

Paper Claims and Patient Statements $200.00 $0.00

$0.80 per statement

Approximately 200 claims and 50 statements

Practice Management & EHR Software $400.00 We use your system
Total Cost of In-House Billing & Collection $8,798.00 $6,300.00

Monthly Savings $2,498.00

Practice Management

We employs experts in just about every aspect of healthcare consulting and practice management. Our clients include medical practices private and groups, nurse practitioners and physician assistants and urgent care clinics, throughout Southern California.

Billing and Collections

We provide medical billing services and claim life cycle management to private practices. We navigate the intricacies of insurance industry practices start to finish and remove obstacles to help facilitate the success of your business.

Project Management

Our Project Management team will be responsible for ensuring that all patient facing staff are following workflows, metrics for which performance and utilization are met, and for creating efficiency across the individual medical departments.

Data Analysis

Our Data analysis team processes the data by inspecting, transforming, and modeling data with the goal of discovering useful information. Our team comes with conclusions, and supporting decision-making by codifying your financial data to make an informed decision.

Contracting and Credentialing

It has become more important than ever for providers to be IN network with insurance companies. While critical to the success of a medical practice or medical group, credentialing is complex and is time-consuming. Let us handle the work for you.