Providing Quality, Personalized and Cost-Effective Services for a variety of Charleston Area Businesses and Medical Practices
Diagnosis and Procedural Coding
Production & Statistical Reporting
Our Billing Division specializes in insurance and patient billing for medical offices. Billing your claim and collecting your payment is our priority. We are equipped to provide the complete solution to managing the financial side of medicine. Access to your data is available via a secure, HIPAA compliant connection to our server allowing you to utilize our software for appointment scheduling and hands-on access to patient balances and billing information.
Our Billing staff works closely with your reception staff to ensure that all necessary billing information is obtained, appropriate copayments are collected at the time of service and precertification requirements are satisfied. Daily production information is communicated with our billing office. Our qualified staff will bill the insurance company and/or responsible party according to any contractual agreements in place with insurance carriers. Our billing service includes insurance claim follow-up and basic patient collection routines. More intensive patient collection efforts are tailored to the physician’s preference so as not to disrupt the physician/patient relationship, and may involve the use of a collection agency.
While we are equipped to provide the complete solution to managing the financial side of medicine, our services can be tailored to fit your specific needs.
Invoicing and Accounts Receivable Management
Financial Statements and Reporting
Our Bookkeeping Division specializes in payroll, accounts payable, invoicing, accounts receivable management and financial reporting for many types of business, including restaurants, retail stores, rental property companies, medical practices and professional service companies. Our knowledge, experience, and accuracy is demonstrated by the quality and concise information we provide to your CPA. We relieve clients of the tedious and technical bookkeeping functions allowing them to concentrate on their business. Accurate and comprehensive financial recordkeeping is vitally important to a company’s success and we are 100% dedicated to those efforts.
Our Bookkeeping staff works closely with your accountant to implement their recommendations. We manage accounts payable to ensure bills are paid timely and handle all aspects of payroll management. This includes processing payroll checks, tax remittances, quarterly and year-end payroll tax returns. In addition to reconciling your bank statement, we can provide you with monthly reports to help you assess your financial position, such as a Balance Sheet showing assets, liabilities and equity, Income Statements that reflect the business net profit, and allocation reports that help disseminate profit to partners. We can assist you in developing and utilizing a budget to manage expenses and plan future growth.
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Practical Management Solutions, LLC
PO Box 14035
Charleston, SC 29422
Our unparalleled service and overall value is how we've built our business with loyal customers.
We look forward to serving you!