APS Medical Billing Company Research Report
Company Overview
Name: APS Medical Billing
Mission of the Company: Increase revenue through better billing processes.
Founded: 1960
Founders: No specific information on founders is available.
Key People:
- No specific names are provided in the data.
Headquarters: Toledo, Ohio, US
Number of Employees: 51-200 employees
Revenue: No information is available.
Company Recognition: APS Medical Billing is known for providing physician billing services and superior billing and revenue cycle management results to over 190 practices nationwide.
Products and Services
Revenue Cycle Management
- Description: APS Medical Billing specializes in customizing charge capture processes to ensure 100% of work is billed, management of commercial payor contracts, and ensuring that all fees are higher than the best payment rates.
- Key Features:
- Proprietary contract management system
- Dedicated Account Managers
- Regular CPT coding audits
- Customizable proprietary billing system
Payor Credentialing Services
- Description: This service involves interfacing with numerous local information systems (LIS and HIS) and managing payor contracts and credentialing processes effectively.
Practice & Custom Reporting
- Description: APS offers detailed and customized practice management and reporting services tailored to client needs.
Procedure & Diagnosis Coding
- Description: APS utilizes experienced coding personnel for CPT and diagnosis-driven pre-billing edits to minimize claim denials and maximize revenue.
Recent Developments
Recent Developments in the Company:
1. ICD-10 Code Updates: APS continues to stay ahead by updating industry coding standards like ICD-10, as highlighted in the October 4, 2024 white paper update.
2. Delay in PAMA Implementation: A significant development for APS has been the one-year delay to the implementation of the Protecting Access to Medicare Act (PAMA), which impacts financial planning and billing processes for laboratories.
3. Involvement in Industry Conferences: APS is actively involved in industry events such as CAP'24 in Las Vegas, positioning itself as an educator and leader in billing services for pathology and radiology.
New Products Launched: No information is available.
New Features Added to Existing Products: No specific features mentioned.
New Partnerships:
- APS is expanding its reach by attending national conferences like the PNWSP Fall meeting and positioning itself in various pathologist and radiologist society events for networking and partnership expansions.
Conclusion
APS Medical Billing continues to distinguish itself as a leader in medical billing and revenue cycle management, investing in innovative processes and participating actively in industry discussions and standards formulation through educational sessions and white papers. Although specific revenue figures are unavailable, their presence across a significant number of practices nationwide indicates a robust client base. As they expand their expertise and services across the pathology, radiology, and laboratory sectors, APS remains positioned for continued growth and influence in the healthcare billing landscape.
