About LS Practice Solutions
LS Practice Solutions is an expert medical billing bureau designed specifically to aid medical professionals and relieve administrative pressure and stress, our services range from medical claims to debt collecting as well as patient administration (booking of patients, patient information, etc.). Our prices are highly competitive with medical software programs and othe medical billing bureau's. Visit our website for more information or contact us if you are interested and have any queries.
LS Practice Solutions (LSPS) manages the medical debtor’s process, from invoicing and submission of claims to providing monthly reports to the medical service provider. Due to LSPS’s online connectivity to the major medical aids, most medical claims are paid within 7 days of submission.
LSPS’s Obligations are, at their own expense, to:
Supply patient information forms and transaction day sheets
Collect day sheets/paper statements
Assess information supplied to ensure optimal revenue generation.
Capture and submit claims electronically.
Reconcile payments against claims submitted.
Resolve medical aid queries, do data corrections and resubmit if required.
Capture and allocate cash takings if required.
Reconcile appointments with accounts generated and payment received.
Provide turnover and debtors reporting after each month-end.
Keep a record of the process.
Keep records of all conversations with patients & medical aids on the patient account notebook.
Handle all debtor collection activities, including sending sms’s, email & print of statement are automatically recorded in the patient’s account notebook.
LSPS manages the medical debtors’ process in a holistic, very effective, cost efficient way - allowing you more time to focus on your practice. Our procedures are reliable, whether it is ICD10; procedure/nappi codes; modifiers; different scheme options or multiple medical aid rates, we have the expertise to apply them accurately to your specialty.
We are cloud-based that means you have real-time access to you practice database from any location.
The basic principles of profit and loss form the foundation for a healthy cash flow in any organization. In the medical industry, administrative functions are often neglected and this could have an adverse effect on any practice.
LSPS has on-line, real-time connectivity with most major medical aids, reducing non-payment to the minimum and optimizing cash flow. Most of the major medical aids will pay your medical claims within 7 days of submission of these claims.
LSPS takes care of your accounts administration: You provide us with patient information and billing instructions and we submit the account to the guarantor. We provide reports and practice statistics. We render a cost effective service.
Invoice, Electronic Funds Transfer
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