Fast Track Medical Billing LLC

Outsourced billing for physicians' practices

Doctors' offices hand their claims and billing to Fast Track Medical Billing LLC, which describes itself as a full-service medical billing company. It takes the paperwork of billing off the practice so that physicians and their staff can concentrate on patient care. The firm says it has worked with physician practices since 2000, and it serves clients across many medical specialties from offices in New Jersey and Florida.

The full revenue cycle, handled for the practice

The firm handles the complete revenue cycle, meaning the process from preparing and submitting claims through to payment and the follow-up on any claim that is delayed or refused. Its stated aim is to minimize errors, maximize revenue and produce a clear picture of a practice's financial health. It says its team gives each claim meticulous follow-up with insurers and that its process is designed to complete transactions accurately. For a practice, the result is intended to be faster payment, a higher share of claims paid and fewer billing inquiries reaching the office.

Reporting, practice management and advice

Beyond the billing itself, the firm offers practice management consulting and claims management advice, along with problem-solving strategies for the practice and staff training where needed. Each client receives standard monthly financial management reports, and customized reports can be produced to analyze the practice's financial health in more detail. The firm says it raises any opportunity it spots to improve front-office operations or to reduce denied and underpaid claims.

No change of software needed

The firm says a practice does not have to switch systems to use its services. It can keep its current software, or use the firm's own practice management system, which gives access around the clock to appointment scheduling, patient accounts and an optional electronic medical record. The firm describes the cost advantages as including no start-up investment for the practice, no training or retraining of staff, and a reduction in software and technology expenses. It also says it uses integrated artificial intelligence to optimize billing.

Why practices outsource

The firm's argument is that the billing function can be performed at a fraction of the cost of doing it in-house, because the practice gains an entire experienced team without carrying the overhead of employing one. It points to the time physicians and staff spend on tasks that do not add to patient care as a cost that can be reduced. Benefits it lists include shorter payment turnaround, faster cash flow, access to specialized expertise and more time for the core business.

Service approach and locations

The firm describes its service as personal and responsive, built around relationships, trust and reliability. It says it takes time to learn about each client's practice and specialty, so that support is tailored to them. It serves practices from its New Jersey and Florida offices, and its site also refers to clients in New York.

Fast Track Medical Billing LLC is a medical billing company that manages insurance claims and billing for doctors' offices. It lets practices hand over the paperwork so staff can concentrate on patients.

What Fast Track Medical Billing does

• Complete billing cycle management: covers the whole process from claim submission to payment.
• Insurance claim follow-up: careful chasing of unpaid or delayed claims.
• Reporting: transparent data and reports that show the financial health of a practice.
• Error reduction: a set process intended to cut mistakes so more claims are paid.
• Outsourced billing staff: an experienced team in place of an in-house billing department.

Who it serves

The company serves physicians' offices across many specialties in New Jersey and Florida. It states that practices need no start-up investment and no staff training to begin.

Key facts

• Offices: New Jersey and Florida
• Established: working with physician practices since 2000
• Legal form: limited liability company