Why Us
Why use Kredicine?
(Practice Management Vs Bureau service/Medical Billing)
There are many more aspects to managing a successful medical practice other than billing, most healthcare providers are not equipped with the knowledge of the industry workings on starting or running a successful private medical practice.
Whether you are starting a new medical practice or experiencing difficulties running your established practice, Kredicine’ s expertise and experience will ensure your practice thrives in no time.
Here are some Benefits of utilising our services
New Medical Practice
Starting a new Medical Practice may be challenging, costly and time consuming, but it does
not have to be:
Get Sound advice from professionals in the industry on how to structure your practice
according to your discipline (practice type).
With all new practices we assist with the necessary to get your practice registered:
Entity Registrations with CIPC (Pty, Inc), PCNS Registration with board of healthcare
funders (BHF), Bank Account registration and registration with all medical schemes.
Become compliant with patient registration agreements and notices, POPPIA and
PAIA.
Reduce the amount of startup capital required with computer and printer rentals.
Quickly build up your patient base by using services like Medical scheme DSP
(Designated Service Provider) contacts, Practice listing with medical directories, Signage and branding.
Communication is key, Kredicine can setup your own professional domain with email
and website, and even a professional reception desk service that manages all your appointments.
Want to embrace technology and go paperless, we have you covered with clever
processes saving you time.
Existing Medical Practice
If your medical practice is not operating profitably, it might be time to consider changing the
way you administrate your practice, however, fear of change and uncertainty may hinder this
decision and cause your practice to stagnate or worse, fail.
While able to offer different potential solutions to your practice, Kredicine will first evaluate your practice and our team will guide you to solutions that best suits your practice needs and shortcomings so that you can refocus your attention to your healthcare obligations.
Effective implementation of solutions and comprehensive training ensures that the
transition period is minimized.
You should not be bound to an unprofitable system by data restrictions, we offer data
conversions options when migrating to Kredicine ensuring your patient information is imported to eliminate the need for manual recapturing.
Financial data can be converted; however, it is sometimes better to start fresh, in either case we assist with recuperating outstanding debt that your practice may have at the time of signing up with Kredicine.
Kredicine will provide you with management and statistical reports so that you are aware of the progress in the process of striving to a healthier practice.
Not all medical practices are the same
Each medical practice should be managed in a way that is uniquely tailored to address different needs of operation according to its’ discipline or function.
For example:
- If you are a traveling provider like an Anaesthetist or Physio you may need our
assistance with electronic capturing of patient information and questionnaires with access to electronic patient clinical details.
- If you only provide in-hospital services like a day clinic or rehabilitation centre, you may not have a consulting room and require assistance with our services of patient communications and obtaining of authorisations from medical schemes.
- If you don’t have a receptionist, you may need help with scheduling your appointments through our Reception Desk Service.
- If you practice within a group practice, you might need to share patient information but have separate financial sets or managing locum practitioners.
- If you are a provider of recurring services like an Obstetrician or Orthodontist, your practice may benefit by effective management of payment plans offered through Kredicine.
- If you operate in theatre, you may need assistance with scheduling theatre lists and when encounter PMB cases, you might require assistance with coding and pricing of
the procedure.
- If your medical practice resides without the borders of South Africa or take in patients from international medical schemes we assist with liaison and claims.
FAQ
How long does the claim process take?
- Clever processes enable Kredicine to submit claims daily
- Realtime claim submission to the majority of medical schemes means we can rectify any claim errors same day.
- Live detailed feedback from the medical schemes directly into our system allow us to send patients statements same day of any expected shortfall their medical scheme may not cover.
This operation greatly reduces the turnaround time taken for claims/invoices to be paid. Kredicine boast with an average claim age of less than 14 days on approved claims.
How does the fee structure work?
- Unlike other billing companies, Kredicine charges a commission percentage based on payments received by the practice, meaning we get paid only once claims/invoices have been successfully paid to you.
- Furthermore, you will not have the additional expenses usually associated with submitting your own claim for example (Medprax monthly fee, Switching fees for claim submissions and MSV, SMS fees)
- a Monthly Licence and support fee is charged for the software used, this
includes any support and training required by the practice.
Additional Fees?
- To offer the best quality service possible, some of our services are charged
separately, these include the following services:
-Practice Consulting
-Administrative Consulting
-Financial Consulting
Reporting?
- Kredicine will provide you with a detailed credit control ledger on a monthly basis, outlaying payment received per payment category:
(Scheme EFT, Patient: EFT, CASH, CREDIT CARD, DEBIT ORDER) as
verified on your bank statements.
This level of transparency secures that you pay commission funds already received into your bank account. - Kredicine will provide your practice with Daily, Weekly or Monthly reports as per your requirements. Common Reports include:
(Unbilled invoices, Turnover, Age Analysis) Some examples of more detailed statistical reports include:
(Income, procedure analysis, assistant fee, appointments)
Partners
We have partnered with the leading companies in the industry to enhance our service offerings!