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
Facilitating Autonomy for Practice Groups through Automated Reconciliation According to an article published by Chief Healthcare Executive® in 2024, corporate entities acquired 5,300 physician practices in 2022 and 2023. The percentage of corporate-owned practices rose 11% in those two years, while hospital-owned practices rose 7.3%. In many cases, these acquisitions occurred within an operating framework
What’s Your KPI Improvement Strategy? Let’s Talk About Denials With the Right Data Validation Tools and Business Intelligence (BI) Technology, You Can Prevent Many of Your Denials Claim errors that lead to denials can have a significant impact on your revenue cycle by delaying or reducing payments from health insurance payors. In a recent survey,
Revenue Cycle Services for Multi-Specialty Physician Practice Groups Designed to Support Growing Organizations For many Multi-Specialty Groups, having more than one Practice Management (PM) system isn’t that unusual. This is especially true for groups that have grown through mergers and acquisitions. In some cases, certain specialties may require unique features or functionalities not available in
