Accounts Receivable and Denial Management
Nothing is more important to Physician or Hospital other than having a streamlined Revenue Cycle Management system and to have exceedingly productive Accounts Receivable and Claims Denial Process in place. It is these Revenue Management perquisites that determine financial stability of a practice to make a decent living. Whether you outsource all the RCM related administration or the vital AR and Denial Management undertakings, you can rely on Insurance Verification Specialists to bring your practice respectable net profits for your services.
More or less, Outsourcing AR and Denial Management work to us will get you better income results, minimizing lost reimbursements by amplifying your viability at collecting unpaid claims.
Our partnership with physicians, clinics and hospitals over the years has resulted in gaining great benefits for all. Following is the process we use to reduce AR and Denial Management.
AR Management: Insurance Verification Specialists deals with all basic capacities required in AR administration including filing of appeals, evaluating insurance co-pays, updating insurance contracts, overseeing unapplied balances, managing refunds, and processing patients details and delinquency letters.
Denial Management: Our denial analysis software allow us to identify the most common cause for claims denial. We then coordinate with our clients to develop an action plan and make sure corrective measures are taken to lessen those denials and improve financial recovery in the future.
Right Value Equation: AR and Denial Management work is extremely time consuming and most practices (and billing organizations) don't commit adequate work force to look after most extreme reimbursements scenarios. Insurance Verification Specialists are exceptionally bolstered by software solutions that ordinarily create a huge net gain in reimbursement for every clients practice, making decision to outsource these processes is a wise and profitable decision.
24/7 Help Desk and Tele-callers – Our team of professionals not only help you in lessening the AR days and denied claims, but we also offer round the clock customer help desk service with Tele-callers for your service. Today, most of the insurance companies have telephone benefit lines, whereby the coordinator can call and verify benefits on pending referrals. This makes the job of a physician much easier and he can call at any given point to check for claims that needs our attention.