Our Extended Business Office Services Can Help to Optimize Your Financial Performance For healthcare providers who are experiencing staffing shortages and/or bottlenecks in various stages of their revenue cycle, it may be worth investigating Extended Business Office options. Identifying the right vendor, however, for your specific needs is critical to making the transition (to outsourcing)
Isolating Claim Denials and Defects for More Effective Follow-up and Increased Revenue Denials can lead to significant dollars being delayed, or lost entirely, due to the additional work and time it takes to resubmit and collect on denied claims. Discovering why denials are occurring and analyzing trends is an important step in preventing them from
Reducing Errors with Data Validation Healthcare claims and other billing documents contain a substantial amount of patient, provider and payor information that can originate from different sources and HIT applications — which then leave room for error. Common issues include duplicate entries, incorrect coding and incomplete data. Any inaccuracies in the processing of remittances for
Efficiently Repairing Exception-Based Healthcare Claim Errors Claim errors and missing information in patient billing can cost your organization valuable time and lost revenue. Identifying errors that cause delays in posting payments and getting them efficiently corrected is vital to financial performance. With ReMedics exception-based worklisting tools, we use over 300 customized data validation rules to
Denial Prevention and Increased Staff Efficiency Benjamin Franklin is credited with having coined the phrase, “An ounce of prevention is worth a pound of cure.” It’s as relevant today as it was in 1736, especially when it comes to healthcare payor denials. In a recent survey* reported by Becker’s Healthcare, over 500 Chief Financial Officers
