abeo
abeo continues to surpass expectations, quickly becoming the most recognizable billing and practice management company in the field. Rather than a rigid list of services, abeo offers customized solutions focused on the needs of consumers.
“abeo continues to exceed our expectations when it comes to managing our receivables and assisting us in our practice. Their outstanding customer service department and increased collection efforts in today’s economy have proven them to be a valued partner in our success.”
Dave Flory, MD
Fairbanks Anesthesia, Inc.
At A GlanceCorporate Office7301 N State Hwy. 161, Ste. 365 Chairman and Chief Executive OfficerMark Smith Chief Operations OfficerSteve Avery President, Practice ManagementMark Wines President, Provider ServicesJ.R. Thompson Chief Information OfficerPhil Warenik |
abeo’s Focus
abeo’s business model differs from its deep-discount–driven competitors who expect clients to adapt their practice to a preexisting service delivery model. At abeo, the ideology is “If it makes sense for our client, it makes sense for us.”
abeo’s unique strategy has enabled the company to adapt its services to accommodate the varying structures and operating philosophies of its diverse client base. abeo’s staff understands that their clients work hard and have high expectations; in today’s market, bottom-line performance alone is not sufficient. Innovation and dedication are required to become a leader in the world of self-pay and deductible/copay collection efforts. With this in mind, abeo continues to develop state-of-the-art processes and technological solutions to meet the individual needs of the doctor and physician group. Technology solutions such as the abeoCoder for the iPhone, BlackBerry and Android devices, are designed to save doctors time and make billing more efficient. abeoCoder has received rave reviews from anesthesiologists. abeo continues to work on technology solutions for the future.
Client Satisfaction
abeo has a proven track record of improving clients’ collections and service far above the previous billing agency. abeo stands by its claim of putting its clients first, and has consistently proven this with superior customer service.
“During the transition from our previous billing service, they [abeo] took over all of the account receivables and did a great job catching up on those accounts that had been ignored or not even billed out yet. We saw our collections increase rather dramatically.”
Daniel Nelson, MD
Rancho Mirage Anesthesia Consultants
Why abeo?
abeo attributes its success in optimizing clients’ revenues to many factors, including the following:
- Dedication to anesthesia: In today’s vastly changing environment, working with an anesthesia-specific provider is not only an advantage, it’s a must.
- abeo’s staff: abeo has one of the most tenured executive management teams in the anesthesia billing and practice management industry.
- Ability to execute: Billing is about day-to-day discipline and execution. Using its vast resources, abeo is able to implement the best practices consistently across its entire reach.
- MedSuite: This technology is the backbone of abeo’s billing operation. MedSuite was designed specifically to support anesthesia billing and is one of the best platforms in the marketplace today. MedSuite is a rich Internet application that uses the latest technology in a user-friendly way. Its features include:
- MedSuite on demand (immediate physician access 24/7);
- User-definable dashboard;
- Account-level access to payments and adjustments;
- Dictionary change logs; and
- No large up-front costs.
Revenue Cycle Management
Despite the fact that it is a full-service provider, abeo’s core business is the management of the anesthesia revenue cycle.
In addition to the basic revenue cycle services, abeo specializes in:
- Compliance oversight: In addition to its basic compliance program, abeo conducts internal audits and annual coding documentation training.
- Managed care contract enforcement: abeo does more than negotiate and administer contracts. It goes the extra mile to ensure that payers adhere to the elements of the contract.
- Credentialing: As credentialing becomes more complex, abeo is putting more resources into ensuring that trained professionals are handling the client’s credentials.
- Outstanding balances: Each account is touched on a monthly basis. This approach helps increase cash flow and greatly reduces the amount of bad debt. Most billing agencies do not have the dedicated resources or expertise to pursue these outstanding balances.
Practice Management
abeo gives clients the opportunity to purchase services as a package or à la carte, based on the client’s requirements. Some of the most sought-after services are:
- Payer contracting: has strong relationships with all major payers and effective strategies to maximize contracted rates of reimbursement.
- Hospital contracting: abeo works with clients to develop strategies in progressing relationships with various facilities to maximize compensation contracts.
- Strategic management and planning: By evaluating potential M&A expansion opportunities, and analyzing billing and scheduling data, abeo identifies opportunities to improve overall practice procedures.
- Anesthesia data analytics: By creating custom reporting packages illustrating operational performance by site/case/volume etc, abeo produces quality data that allow for analysis that leads to solutions.
- Compensation and financial management: abeo develops and designs clients’ compensation models to distribute income across physician groups. abeo also manages clients’ financial accounts, including all client group expenses, payroll compensation reports, budget development and execution.
- Benefit procurement: abeo designs and implements practice benefits such as health and liability insurance, retirement, disability insurance and flexible spending and cafeteria plans.
This corporate profile was reviewed and approved by abeo.