Maintaining Timely, Accurate Payment Posting for Multiple PM Systems with Revenue Cycle Outsourcing Services Physician Practice Groups put significant training, IT resources and investment into their Practice Management (PM) Systems. These applications include billing processes and reporting tools that are critical to the financial health and cash management of an organization. Since significant investment has
Revenue Cycle Outsourcing (RCO) for Complex Business Environments Our client’s Clearinghouses and Banks play an important role in how medical claims are submitted and how insurance payors provide reimbursement back to the organization. In addition to claim submissions and remediation, Clearinghouse services can also include eligibility, referral authorization and claims status information. Banks provide several
Streamlined Workflows for Improved Processing Speed and Data Accuracy Automating the Capture and Routing of All Payments and Correspondence In order to streamline remittance processing work with minimal errors, ReMedics enhances the data capture of all payments to include adjustments, zero pays and comments. Integrated to any major Practice Management (PM) System (or multiple systems)
Automated Payment Posting and Reconciliation, Matched to Bank Deposits In today’s healthcare business office, complexities associated with numerous payment sources, along with robotic denials and adjustments by payors, can lead to delays in reimbursement and loss of revenue. Challenges with multiple payment streams and billing/coding errors ultimately reduce profits for provider organizations of all sizes.
Streamlined Exception Processing for Today’s Revenue Cycle From remittance processing and data validation through bank reconciliation, ReMedics works to improve our client’s data quality and cash flow by detecting and correcting errors prior to posting. When claims do deviate from the norm and require human intervention, ReMedics creates exception-based worklists, designed to improve staff efficiency
