LMc Solutions, Inc. has assisted healthcare providers throughout California since 2004. Clients include ambulatory surgery centers, medical groups, solo practitioners, and ancillary providers. We not only deliver higher revenues through contract negotiations, we give you the tools you need to make sure your contracts perform.
20+ Years of Experience
Negotiating over 50 ambulatory surgery center contracts per client goals and timelines as an outsource consultant for national ASC management/development companies.
Compiling an extensive proprietary rate database from hundreds of contract negotiations on behalf of all manner of provider types, services, and geographies, ensuring contract rates at or above industry average.
Negotiating payor contracts for a single-specialty start-up ASC that exceeded ramp-up proforma net revenue/case projections by 15%, contributing to project profitability 6 months ahead of schedule.
Authoring and implementing co-insurance collections at point of service program through interdepartmental collaboration, reducing bad debt by over $200,000 in the first year and total bad debt to less than 1% of net revenue.
Reducing days in A/R by 35, lowering total net A/R by over $1 million, and substantially improved aging splits through stringent up-front eligibility, benefits and authorization confirmation, rigorous clean claims billing edits, and aggressive follow-up collection strategies by financial class and payor.
Crafting Month End Report Suite and Dashboard to assist providers with optimizing their business revenue and revenue cycle performance through proactive management of A/R metrics and best practices.