Proven Success:
A Case Study of Texas Medical & Surgical Associates
Texas Medical and Surgical Associates was a natural fit
to be Lone Star MSO’s first client. Since commencing
operations on May 23, 2006, TMSA has seen a significant
improvement in their charge capture, Co-Pay collection,
reimbursement for “same book of business”,
Days in Accounts Receivable and overall employee satisfaction.
400% improvement in Co-Pay collections
8.2% increase in Charge Capture
-2.2% decrease in Contractual Adjustments
2.5% increase in Payments
Reduced DAR from 43 to 31
TMSA collects 90% of billed charges within the first
45 days
Resulting in an annualized cash improvement of over $568,000
on same book of business
Reduced Billing Office Staff from 11 FTE’s to 4
FTE’s, which resulted in an expense savings of over
$210,000
Added IT Outsourcing and athenahealth
PMIS expense of $540,000 yearly
Positive cash flow of $238,000 annually by implementing
LSMSO
Below is a snapshot of athenahealth’s Live Benchmarking
statistics, dated February 16, 2007.
TMSA is ranked #1 in All Multispecialty (Primary and Specialty
Care) Practices and ranks #2 of all practices in Texas
Texas Medical and Surgical Associates was ranked #1 in
billing metrics for the 4th Quarter of 2006 out of all
athenahealth Surgical Specialties in the West (1 out of
104).
By switching over to Lone Star MSO and athenahealth, TMSA
can now focus on growth and profit-maximization of the
practice. TMSA is also able to quickly benchmark their
physicians not only against MGMA statistics, but use “real
time” benchmarks against their athena peers in the
industry. These metrics are devised using RVU standards
and automatic calculations but also against DAR, Charge
Entry Lag and Claim Error Queues.