AllMedFund™: How the Program Works

1. To initially get set up on the program, a member of an AMF representative will visit your practice and do a brief consultation to determine:

2. If together you agree that the product is a good fit for your practice, then:

3. Once you are set up on the program, you will be given a secure password and will then have access to your personalized online account. Through your secure online account, you will be able to:

4. When insurance company payments are received, AMF subtracts the amount already advanced you as well as a small fee for the transaction — the rest of the money is yours.

5. When patient payments are received, AMF applies the payment against the patient borrowing base, thus freeing up additional room on the line.

6. AMF's experienced medical billing personnel will actively collect on all insurance receivables, making sure that claims are billed and processed correctly, thus speeding up collections and bringing optimal efficiency into the billing cycle.

7. AMF's experienced medical personnel staff will sensitively notify patients of the amount due and work with patients to pay the balance owed, thus speeding up the collection process and keeping you, the doctor, out of the collection business.

The program works as follows:

I. Provider or Provider’s billing company generates claim(s) and submits to AllMedFund™ (AMF)
	Provider		Claims
II. validates each individual claim      a. Validated claims go into the Provider's AMF account
			Validated Claims		AMF Account
b. Un-validated Claims are fixed and the process goes back to Step 1
			Un-validated Claims		Provider
III. AMF electronically submits validated claim(s) to Insurance Company
			Validated Claims		Insurance Co.
IV. AMF calculates the Net Realized Value (NRV) of the claim and prepares an "estimated" patient statement to be sent to patient
			Estimated Patient Statement		Patient
V. At Provider's request, AMF advances 65%-90%* of the Net Realized Value (NRV) of validated claims to Provider. *depending on specialty
			65%-90% of NRV		Provider
VI. AMF follows up on claims with Insurance Company to speed up the collections process
			Claims		Insurance Co.
VII. Insurance Company remits payment to AMF lockbox. Electronic EOB is transmitted to AMF and Provider
	Insurance Co.		Payment & EOB
			EOB		Provider
VIII. AMF subtracts its fees from payment, after posting payment in the AMF system, and rebate is paid to Provider
			Rebate		Provider
IX. AMF adjusts "estimated" patient statement and generates "actual" patient invoice to be sent to Patient
			Patient Invoice		Patient
X. AMF loans money to Provider against Patient invoices (percentage determined by aging of patient invoice pool)
			Loan against Patient Invoice(s)		Provider
XI. AMF carefully follows up with Patients to collect on Patient Invoices
			Patient Invoice Follow-up		Patient
XII. Patient pays invoice directly to the AMF
	Patient		100% Invoice Payment
XIII. AMF subtracts its fees from patient payment and pays rebate to Provider
			Rebate		Provider

8. In summary, you receive the amount of money up-front that you need to do what you do best – take care of patients.

What AllMedFund™ does for you:

• Customer Support
  Your own personal customer support team
• Pre-funding Claim Verification
  Automated claim filtering process provides a check and balance against actual billing
• Online Funding Request
  Receive funds as needed using a secure internet site
• Collections Assistance
  Claims validation and experienced professionals increase collections
• Reporting
  Real time reporting of your claims status
• Payment Posting
  Payments posted the day they arrive
• Complete Claim Visibility
  Complete real-time visibility into the system at all times

Having adequate cash, when you need it, is the secret to building any practice. See how the following practice was helped with this powerful cash flow solution.

Case Study:
»   Medical Group Success