Billing Services Research
|
|
- Morris Summers
- 8 years ago
- Views:
Transcription
1 Billing Services Research 87% physicians report increase in cash flow
2 Table of Contents Introduction 3 Summary of key findings 4 Findings: In detail 5 Denial reduction 5 Saving after outsourcing 6 Cash flow improvement 7 Financial control 8 Security of financial information 9 ICD-10 readiness 10 Accounts receivable turnover 11 Patient collections 12 Time to focus on patients 13 Recommendation for friends and peers? 14 Conclusion 15 2
3 Introduction Outsourced Medical Billing has gained strong momentum amongst medical practitioners especially small and medium size. It not only allows them to worry a lot less about claims, denials, rejections, insurances, follow ups, accounts receivables and cash flow, but allows them to have more time in hand to focus on patient care for a fraction of time, effort and money they would require by maintaining an in-house billing department. The billing industry is witnessing a boom. New vendors are inundating the market every day. From making tall claims to proving their expertise in the field, nearly every vendor is trying to turn a profit by offering half-cooked services. Most of the times, physicians fall for such marketing gimmicks and end up getting even more frustrated. In times such as these, it is of utmost importance that physicians rely on experienced, authentic and high quality billing vendors. A little market research about vendors will also help. Customer reviews are the most important benchmark as they indicate how well you will be treated after outsourcing your billing. You have to look for solutions that offer end-to-end revenue cycle management along with regular performance reviews, denial management and comprehensive follow ups. CureMD has been in the billing industry for over 18 years. We have helped medical practices of all sizes earn what they deserve. We have made sure that you are paid for the services you render and are paid the maximum in the shortest amount of time. Our express billing service model ensures that you are paid within two weeks of submitting your claims. That s more than 4 times better than the industry average. However, we don t just make tall claims. We believe in the accountability of our services and for that purpose, put together a team of researchers early in 2014 to empirically analyze the quality of services being offered to our clients. The team recently reported its findings to our CEO recently. Read on to find out more. 3
4 Summary of key findings Quality of CureMD Billing Service has been top notch much better than industry average. Out of the 863 customers analyzed in the six-month long research, a whopping 87% reported an increase in their cash flow. Other key findings include: % physicians report their denials have been reduced by 16-20% Practices are able to save up to 37% of billing department expenses 77% practices believe their financial information is more secure 89% practices report a decrease in their average A/R period 86% physicians say they are now able to focus more on patient care Let s go in more details and see what this research study further decodes. 4
5 Findings: In detail Denial reduction Out of the 863 billing clients analyzed, 388 (45%) said their denials had gone down by 16-20%. Another 310 clients (36%) said that their denials had gone down by approximately 15%. The number of clients who said that their denials had gone down substantially (up to 25%) stood at 95. These numbers suggest that outsourcing significantly impacted claim denials, resulting in better cash flow and income % 5-10% 95 Users 87 Users 16-20% 388 Users 11-15% 310 Users Denial reduction with CureMD 5
6 Saving after outsourcing With CureMD, 368 customers were able to save over 35% of their previous billing processing cost. 214 customers said they were able to save up to 25%. This is in line with industry perceptions that specialized billing does indeed help practices substantially reduce revenue cycle management cost while improving quality and speed. 0-10% 158 Users 31-40% 368 Users 11-20% 123 Users 21-30% 214 Users Billing department saving after outsourcing 6
7 Cash flow improvement Arguably the biggest vote in favor of specialized billing is the significant increase in cash flow for practices that use CureMD. A whopping 87% customers said they had witnessed a significant increase in cash flow, while 11% clients surveyed said they had experienced minor changes in their cash flow. Increased Minor Change Decreased 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Cash flow improvements 7
8 Financial control 78% of the 863 customers surveyed said that they believe they are in more control of their financial matters with CureMD. Only a small percentage (14%) thought that they were not in control. 8% of clients were either indifferent, or chose not to reply to the question. In Control Not in Control Don t Know 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Practices feel they are in control after outsourcing 8
9 Security of financial information When HIPAA-related privacy and security breaches are becoming a common trend, 86% of CureMD clientele said they trusted their vendor to secure their financial information in the best way possible. Only 14% of the clients believed that their information could be vulnerable to such breaches. Feel secure Don t know Don t feel secure 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Majority of clients feel their financial information is secure 9
10 ICD-10 readiness Many customers have signed up with CureMD due to the many challenges that ICD-10 presents. While some customers were not sure of CureMD s readiness, a vast majority (88%) said that they believed it was ready for ICD-10. 5% Not Ready 7% Not Sure 88% ICD-10 Ready Most customers believe CureMD is ready for ICD-10 10
11 Accounts receivable turnover For an in-house billing department, it takes on average 4-6 weeks to be reimbursed for claims. In comparison, outsourcing helps practices cut down that period by 50%. When asked for this survey, 93% of the clients said they noticed a significant decrease in their Accounts Receivable turnover. Decreased Increased 0% 20% 40% 60% 80% 100% Most practices witness a decrease in their Accounts Receivable after outsourcing 11
12 Patient collections CureMD brings many benefits for practices one of them being improved patient collections. In this survey, 96% practices said their patient collections had improved because CureMD is now handling patient calls related to their statements. Patients can also view their statements through patient portal and the built-in Credit Card/ACH processing system. Improved Not Improved 0% 20% 40% 60% 80% 100% Most customers feel CureMD has improved their Patient Collections 12
13 Time to focus on patients With in-house billing, physicians cannot concentrate solely on patient care. CureMD Billing takes the burden off physicians, enabling them to focus more on patients and deliver better care. In this survey, 96% of clients agreed that they have more time to spend with their patients after CureMD started managing their billing. More Time Less Time 0% 20% 40% 60% 80% 100% Physicians have more time to focus on their patients 13
14 Recommendation for friends and peers? 95% of customers said they would recommend CureMD service to friends and peers. From fee schedule review to claims submission to denial management & reports, CureMD Billing is number one in the industry. 5% Would not recommend 3% Would not buy again 95% Would recommend 100% Part of long term plan 97% Would buy again Customers would endorse CureMD Billing Services 14
15 Conclusion This survey, which was undertaken by researchers, completed its findings recently and has shown that on most billing-related metrics, CureMD is doing much better than industry averages. This is indicative of the fact that it not only delivers top-of-the-line service, but also keeps its word when it matters. To see how you can benefit from arguably the best billing service in the industry, give us a call now. Want to learn more about CureMD Billing Service? Get a free consultation at ext. 384 or visit 15
16 Practice without Boundaries CureMD is the leading provider of Cloud based EHR, Practice Management and Medical Billing Services to transform the administrative and clinical operations of healthcare organizations of all sizes. Our award winning solutions simplify decision making, streamline operations and ensure compliance with industry standards and best practices ultimately saving time and effort to maximize value and returns. CureMD Healthcare 55 Broad Street New York, NY Phone:
How Outsourcing Significantly Reduces Accounts Receivables, Improves Collections and Decreases Denied Claims...All Within 30 Days
How Outsourcing Significantly Reduces Accounts Receivables, Improves Collections and Decreases Denied Claims...All Within 30 Days Page 1 The fast-paced healthcare industry is becoming competitive and organizations
More informationPain-Free Managed Medical Billing
Pain-Free Managed Medical Billing Focus on Patients, Not Billing www.drchrono.com Pain-Free Billing Medical Billing is a major component of every medical practice; in this age of reduced reimbursements,
More informationWhat Every Medical Practice Must Do to Optimize Workflow and Maximize Revenue While Decreasing Costs
What Every Medical Practice Must Do to Optimize Workflow and Maximize Revenue While Decreasing Costs Don t just trust that your staff is maximizing time and revenue. It is up to you to monitor, analyze
More informationOncology EHR Vendor Pricing Comparison
Oncology EHR Vendor Pricing Comparison Sean Parker Health IT Consultant Purpose of this Document This document is a white paper on pricing of various Oncology EHR vendors. Oncology EHR Vendor Pricing Comparison
More informationREVENUE CYCLE PRINCIPLES SERIES
REVENUE CYCLE PRINCIPLES SERIES Part 7 Virtualize Your Revenue Cycle Using cloud-based applications to create a Virtual Business Office (VBO) to improve performance and lower costs by over 20 percent Derek
More informationMedical Billing Services. Make the right decision for your practice. presented by
Medical Billing Services Make the right decision for your practice. presented by Medical Billing Services Make the right decision for your practice. Losing sight of your business operations can lead to
More informationOn-Time, On-Target Clinical Documentation Meets Today s Demands on Your Terms
On-Time, On-Target Clinical Documentation Meets Today s Demands on Your Terms High-Quality, Cost-Effective, Timely Clinical Documentation: Meeting Today s Demands on Your Terms The Challenge The ever-expanding
More informationREVENUE CYCLE MANAGEMENT : A DEEPER DIVE
REVENUE CYCLE MANAGEMENT : A DEEPER DIVE 2016 TABLE OF CONTENTS Introduction The Participants Revenue Cycle Steering Committee Personnel Accounting Platform Service Outsourcing Performance Metrics Accounts
More informationBUSINESS SOLUTIONS FOR MEDICAL PRACTICES. We Take Care of Your Business While You Care For Your Patients
BUSINESS SOLUTIONS FOR MEDICAL PRACTICES We Take Care of Your Business While You Care For Your Patients For more than 15 years, the health care industry has been dramatically changing and continues to
More informationWhitepaper. ICANotes Users: The Case for Fully Integrated, Outsourced Billing
Whitepaper ICANotes Users: The Case for Fully Integrated, Outsourced Billing 1. Executive Summary It s no secret that mental health professionals are working harder than ever before, only to see a reduction
More informationMEDICAL BILLING AND PRE-FUNDING. Is Now The Time to Outsource Your Medical Billing? (877) 386-9728 NobilityRCM.com
Is Now The Time to Outsource Your Medical Billing? Is Now the Time to Outsource Your Medical Billing? Outsourced medical billing has come into favor as medical practices face newer problems thanks to changing
More informationChiropractic Billing
Chiropractic Billing How To Gain A Competitive Advantage In This Challenging Reimbursement Environment Welcome to CloudChiro! We ve been working with over 500 chiropractic offices over the years, and we
More informationELECTRONIC MEDICAL RECORDS. Selecting and Utilizing an Electronic Medical Records Solution. A WHITE PAPER by CureMD.
ELECTRONIC MEDICAL RECORDS Selecting and Utilizing an Electronic Medical Records Solution A WHITE PAPER by CureMD CureMD Healthcare 55 Broad Street New York, NY 10004 Overview United States of America
More informationOrganizational Basics
Leading the Way Part I Organizational Basics Executive Summary Medical Coding and Billing services currently exist to manage medical practices. These services relieve medical professionals of tedious detail
More informationProfit Plus Infotech Solutions FZC Synergy Through Partnerships
Profit Plus Infotech Solutions FZC Synergy Through Partnerships Let us optimize your profit.. while you focus on your practice Medical Billing & E-Claim Processing Medical Coding Electronic Health Records
More informationEvaluating CPSI s Accounts Receivable Management Services In Community Hospitals:
Evaluating CPSI s Accounts Receivable Management Services In Community Hospitals: Contributors to Success Sponsored by CPSI Reported by Porter Research January 2007 EXECUTIVE SUMMARY Computer Programs
More informationM*Modal Transcription Services
On-Time, On-Target Clinical Documentation Meets Today s Demands on Your Terms High-Quality, Cost-Effective, Timely Clinical Documentation: Meeting Today s Demands on Your Terms The Challenge The ever-expanding
More informationOur Billers Collect More & Faster
Our Billers Collect More & Faster advancedbiller ADP ADVANCEDMD PARTNER PROGRAM we are experts experienced your medical billing solution Diversified Reimbursement Systems, Inc. WHO WE ARE Diversified Reimbursement
More informationHow To Handle Medical Billing
The Best Billing Practices You wish you were taught revenue management at Medical School, considering today the balance between the scales of healthcare delivery and revenue management are just as important.
More informationRevenue Cycle Management
Revenue Cycle Management Manage and Improve Your Results with Origin RCM Financial pressures are escalating for both healthcare providers and patients. In this challenging climate, a wellmanaged revenue
More informationHow automation helps steer the revenue cycle process
How automation helps steer the revenue cycle process While the goal of revenue cycle management remains essentially the same, healthcare reform will make it infinitely more complex. Phil Colpas June 2013
More informationA Roadmap for Modernizing the Health Care Revenue Cycle
A Roadmap for Modernizing the Health Care Revenue Cycle 1 March 2016 Timothy Panks Senior VP, Finance and Revenue Management Douglas Hires Senior VP, Strategic Client Relationships Conflict of Interest
More informationFinding Nirvana in AP Automation and Outsourcing
WHITE PAPER Finding Nirvana in AP Automation and Outsourcing Gaining Control By Letting Go Nirvana: Joy, freedom from pain and worry an end to suffering. Suffering is something with which many Accounts
More information5 MUST-TRACK METRICS FOR PRACTICE PROFITABILITY
The late, legendary management expert Peter Drucker once famously said, If you can t measure it, you can t manage it. In today s challenging and rapidly evolving healthcare landscape, measurement is more
More informationGregory F. Cutrona, C.P.A. President
Confidence Restored Our core purpose is to positively impact the quality of healthcare by delivering professional services to help physicians optimize their practices and to better serve their patients.
More informationTop 10 Reasons to Outsource Your Medical Billing
Top 10 Reasons to Outsource Your Medical Billing What is outsourcing? Subcontracting, Support Managed services However you define it, outsourcing has become the hot, creative solution that is helping more
More informationA Guide to Selecting a Medical Billing Service
BEST PRACTICES: A Guide to Selecting a Medical Billing Service Who should hire a medical billing service? If your practice is increasingly focused on resolving billing issues, leaving less time to dedicate
More informationCardiology. Cardiology Solutions Improve patient care, workflow efficiency, and your bottom line.
Cardiology Cardiology Solutions Improve patient care, workflow efficiency, and your bottom line. Our organization is much more efficient since we ve implemented NextGen. With NextGen s integrated solution,
More informationAll-in-One. Oncology EHR Chemotherapy Management Practice Management Revenue Cycle Management
All-in-One Oncology EHR Chemotherapy Management Practice Management Revenue Cycle Management All-in-One CureMD is the leading provider of innovative health information management solutions that transform
More informationMedical Billing. You need to streamline your Medical Billing today! Copyright Pradot Technologies Private Limited. India. United States of America
Medical Billing Are you aware that a part of all medical practice income is lost on account of Under Pricing, Inaccurate Coding, Missed Charges or Unreimbursed Claims? Have you ever felt that the charges
More informationFirewall Administration and Management
Firewall Administration and Management Preventing unauthorised access and costly breaches G-Cloud 5 Service Definition CONTENTS Overview of Service... 2 Protects Systems and data... 2 Optimise firewall
More informationTHE IMPORTANCE OF EMAIL ENCRYPTION IN THE HEALTHCARE INDUSTRY
THE IMPORTANCE OF EMAIL ENCRYPTION IN THE HEALTHCARE INDUSTRY EXECUTIVE SUMMARY Email is a critical business communications tool for organizations of all sizes. In fact, a May 2009 Osterman Research survey
More informationFinancial Disclosure. Teri Thurston does not have any relevant financial relationships with any commercial interests
Financial Disclosure Teri Thurston does not have any relevant financial relationships with any commercial interests Transitioning to ICD-10 Planning the Journey for Implementation 2 Brief History of ICD-10
More informationFinding Value and Cost-Savings through the Outsourcing of Medical Billing Services
Finding Value and Cost-Savings through the Outsourcing of Medical Billing Services Introduction Medical practices everywhere have had to adapt to many changes over the last few years. From HIPAA compliance
More informationThe Economics of Outsourcing Billing, Collections, and Contracting. Tom Chirillo President & CEO HealthCare Business Solutions
The Economics of Outsourcing Billing, Collections, and Contracting Tom Chirillo President & CEO HealthCare Business Solutions Goals of Today s Presentation Establish how important Billing, Collections,
More informationTO HIRE OR NOT TO HIRE A BILLING SERVICE
TO HIRE OR NOT TO HIRE A BILLING SERVICE How to Make the Right Choice for Your Practice a resource presented by The business of medicine is growing more complicated every day as insurance reimbursement
More information10-Step ICD-10 Planning Guide for Chiropractors
10-Step ICD-10 Planning Guide for Chiropractors ICD-10 Education is necessary till Oct 1st. -Pick a Team Leader Consider: Articles, Should test ICD-10 readiness: -Explain ICD-10 Goals Websites, Webinars,
More informationTrusted Partners for. Revenue Cycle Solutions
Trusted Partners for Revenue Cycle Solutions for over 25 years! 44 Stelton Road Suite 315 Piscataway, NJ 08854 1.800.682.5749 732.752.7052 Fax: 732.424.0084 Revenue Cycle Management Outsourcing Ensuring
More informationPreventive Treatment for the Provider s Back-office
Preventive Treatment for the Provider s Back-office A Closer Look at Administrative Simplification and the Key Strategies Healthcare Providers Can Take to Prepare By some estimates, nearly a third of every
More informationHEALTHCARE INTELLIGENT TECHNOLOGY
HEALTHCARE INTELLIGENT TECHNOLOGY Leading ophthalmology specific all-in-one solution provider. Efficient, Integrated, Intuitive, Intelligent BEYOND information to INTELLIGENCE Healthcare Intelligent Technology
More informationRevenue Cycle Management
UNITED COLLECTION BUREAU, INC. 5620 Southwyck Blvd. Toledo, OH 43614 866.209.0622 ucbinc.com The Business Case for Outsourcing Revenue Cycle Management Getting reimbursed for services rendered is more
More informationHealthcare Provider. Costs, complexities and regulations keep multiplying. Change the equation and improve quality care.
Healthcare Provider Costs, complexities and regulations keep multiplying. Change the equation and improve quality care. Spend less time on processes. And more time on patients. Your number one priority:
More informationTHE IMPORTANCE OF EMAIL ENCRYPTION IN THE HEALTHCARE INDUSTRY
THE IMPORTANCE OF EMAIL ENCRYPTION IN THE HEALTHCARE INDUSTRY EXECUTIVE SUMMARY Email is a critical business communications tool for organizations of all sizes. In fact, a May 2009 Osterman Research survey
More informationLargest Independent Provider of. Healthcare Technology Solutions
Largest Independent Provider of Healthcare Technology Solutions Single source provider of world-class technology products and services Hundreds of Healthcare Organizations Served Millions of patient lives
More informationAttaining a Competitive Edge through Patient Portals
A Saviance Technologies Whitepaper Attaining a Competitive Edge through Patient Portals The Healthcare industry in the US is evolving at a break-neck pace. Most of the hospitals and healthcare systems
More informationHealthcare Insurance Portability & Accountability Act (HIPAA)
O C T O B E R 2 0 1 3 Healthcare Insurance Portability & Accountability Act (HIPAA) Secure Messaging White Paper This white paper briefly details how HIPAA affects email security for healthcare organizations,
More informationREVENUE CYCLE PRINCIPLES SERIES
REVENUE CYCLE PRINCIPLES SERIES Part 7 Virtualize Your Revenue Cycle Using cloud-based applications to create a Virtual Business Office (VBO) to improve performance and lower costs by over 20 percent Derek
More informationHealthcare Provider. Costs, complexities and regulations keep multiplying. Change the equation and improve quality care.
Healthcare Provider Costs, complexities and regulations keep multiplying. Change the equation and improve quality care. Spend less time on processes. And more time on patients. Your number one priority:
More informationREVENUE CYCLE CLARITY. Streamlined Solutions for Hospitals and Physicians
REVENUE CYCLE CLARITY Streamlined Solutions for Hospitals and Physicians SOLUTIONS for Hospitals and Large Physician Groups ClaimLogic offers a full suite of advanced claims and payment processing systems
More informationOur clients count on us, and we deliver.
Experts in Revenue Cycle Management For Medical Practices and Imaging Centers For over 20 years, we have forged successful partnerships with medical practices and imaging centers to improve their revenue
More informationUSING ADVANCED TECHNOLOGY TO SIMPLIFY REVENUE CYCLE MANAGEMENT
USING ADVANCED TECHNOLOGY TO SIMPLIFY REVENUE CYCLE MANAGEMENT INTEGRATED SERVICES AND SOFTWARE PLATFORM 1(866) DOC-NEXT www.nextservices.com BILLING CONSULTING EHR CONTENTS 1. APPLYING ANALYTICS TO REVENUE
More informationCONNECTIVITY. Connectivity. Solutions. Insight. Electronic Remittance Advice. Technology Eligibility Verification. Challenges Providers Face
CONNECTIVITY. Real-Time Electronic Remittance Advice Technology Eligibility Verification Challenges Providers Face As physician groups face declining reimbursement, escalating operating costs and rising
More informationTaking the Hassle Out of Healthcare
1 Taking the Hassle Out of Healthcare MDOL is a proven solution in the management of health information. They have been able to assist in streamlining and improving our operations to 100%. Debra Michalek,
More informationMidwest Orthopaedic Center. Orthopaedic. EHR Case Study. Midwest Orthopaedic Streamlines Revenue Cycle with Integrated Suite of Pulse Solutions
EHR Case Study Orthopaedic Midwest Orthopaedic Center Midwest Orthopaedic Streamlines Revenue Cycle with Integrated Suite of Pulse Solutions pulseinc.com Pulse Complete EHR 13 board-certified physicians.
More informationMarket Leader of Revenue Cycle Management Services
Market Leader of Revenue Cycle Management Services Empowering healthcare organizations to optimize investments through End-to-End Revenue Cycle Management Services Revenue Cycle Management Services Unprecedented
More informationHow To Improve Your Revenue From A Medical Billing Service
WHY OUTSOURCE YOUR MEDICAL BILLING? What Are There Real & Tangible Benefits? Why outsourcing your medical billing can bring you peace of mind and increased prosperity? A sk any healthcare provider practicing
More informationPrimary Care Group Boosts Profitability and Productivity with Integrated Solution
CASE STUDY Primary Care Group Boosts Profitability and Productivity with Integrated Solution When Chase Dabney became Chief Technology Officer of Atrinea Health in 2013, the group had recently gone through
More informationCERTIFICATION THERE IS NO BETTER TIME THAN NOW. Presenter: Desiree Medina
THERE IS NO BETTER TIME THAN NOW Presenter: Desiree Medina For over forty years, AAHAM s elite certification examinations have set the standard of excellence in patient financial services and the revenue
More informationTame your turnover: EHR & patient retention
Tame your turnover: EHR & patient retention Abstract Patient turnover threatens the financial stability of private practices. Studies have shown patients rarely leave a practice due to distrust in a physician
More informationImproving Outcomes in Document Imaging and Conversion
Improving Outcomes in Document Imaging and Conversion New Methodologies to Measure Scan Capture Performance in HIM IOD Incorporated 1030 Ontario Road Green Bay, WI 54311 800.236.3355 iodincorporated.com
More informationNext Generation Revenue Cycle Management for Value-Based Healthcare
Next Generation Revenue Cycle Management for Value-Based Healthcare December, 2014 402 Lippincott Drive Marlton, NJ 08053 856.782.3300 www.challc.net Next Generation Revenue Cycle Management for Value
More informationMedPeds. Where Compassion Meets Technology for a Healthier You
Where Compassion Meets Technology for a Healthier You MedPeds The Challenge MedPeds, a private practice of eight providers and 23 employees, situated in Laurel, Maryland, understood its current paper -based
More informationThe Language of Electronic Healthcare
The Language of Electronic Healthcare Why Cyfluent? We are the 2 nd Generation of Electronic Health Care Services High Speed Intuitive Do not slow our health care providers down (60 Second encounters)
More informationReducing the Cost to Collect Using cloud-based workflow tools to reduce collection costs by up to 50%
Revenue Cycle Basics Series Part Eight Reducing the Cost to Collect Using cloud-based workflow tools to reduce collection costs by up to 50% Derek Morkel, President & CEO, HealthTech Solutions Group Revenue
More informationElectronic Health Record System Features
Electronic Health Record System Features Internet technologies are reshaping the healthcare landscape. Today a stand-alone Electronic Health Record application that merely promises a paperless office can
More informationElectronic Health Records and Quality Metrics Using the right expertise to make full and meaningful use of your EHR investment
Electronic Health Records and Quality Metrics Using the right expertise to make full and meaningful use of your EHR investment October 2014 402 Lippincott Drive Marlton, NJ 08053 856.782.3300 www.challc.net
More informationREVENUE CYCLE PRINCIPLES SERIES
REVENUE CYCLE PRINCIPLES SERIES Part 8 Reducing the Cost to Collect Derek Morkel, President & CEO, GAFFEY Healthcare Introduction REVENUE CYCLE BASICS SERIES Part 8: Reducing the Cost to Collect Using
More informationFocus Infomatics, Inc. demonstrates the company's commitment to the goals of our clients.
Corporate Overview Corporate Overview Corporate Overview Focus Infomatics, Inc. was founded in 1999 to provide high quality, seamless healthcare solutions to the growing number of hospitals and physician
More informationAvoid Vendor Fatigue in the Revenue Cycle:
- Avoid Vendor Fatigue in the Revenue Cycle: Thrive and Survive in the Evolving Healthcare World LITMOS HEALTHCARE DIVISION It s challenging to stay up-to-date with rules and regulations, technology, staffing,
More informationHealth Claims Opportunities
Synpulse Singapore Pte. Ltd. Management Consulting 8 Shenton Way #46-01 AXA Tower Singapore 068811 Phone +65 6229 5770 Fax +65 6229 5771 info@synpulse.com synpulse.com Health Claims Opportunities Taking
More informationGE Healthcare. Centricity Solutions Financial Management for Business Process Outsourcing
GE Healthcare Centricity Solutions Financial Management for Business Process Outsourcing Our workflows are clearly more efficient than before. We re collecting cash more quickly, which means we re able
More informationPerceptions About Network Security Survey of IT & IT security practitioners in the U.S.
Perceptions About Network Security Survey of IT & IT security practitioners in the U.S. Sponsored by Juniper Networks Independently conducted by Ponemon Institute LLC Publication Date: June 2011 Ponemon
More informationSecurityMetrics. history products expertise team awards
SecurityMetrics history products expertise team awards Our company [history] Who we are and where we came from Proud moments in SecurityMetrics History 2000 - Founded by Brad Caldwell 2001 - First bank
More informationSession 11 : (additional) Cloud Computing Advantages and Disadvantages
INFORMATION STRATEGY Session 11 : (additional) Cloud Computing Advantages and Disadvantages Tharaka Tennekoon B.Sc (Hons) Computing, MBA (PIM - USJ) POST GRADUATE DIPLOMA IN BUSINESS AND FINANCE 2014 Cloud
More informationHow to navigate the world of managed services and outsourcing
- How to navigate the world of managed services and outsourcing A publication of : Introduction 3-5 The State of the Cloud 6-10 Navigating the In-between 11-17 The Managed Services Edge 18-23 Getting your
More informationConnectria, hosting more technologies in the Cloud than any other.
CUSTOMER SURVEY: CLOUD HOSTING Connectria, hosting more technologies in the Cloud than any other. Connectria hosts the widest range of technologies in the Cloud, including production ready Windows and
More informationQ1. Is there a document imaging solution available or will the vendor need staff to travel to procure documents?
Q1. Is there a document imaging solution available or will the vendor need staff to travel to procure documents? A1. No paper documents are used; all billing information is extracted from our Laboratory
More informationFor healthcare, change is in the air and in the cloud
IBM Software Healthcare Thought Leadership White Paper For healthcare, change is in the air and in the cloud Scalable and secure private cloud solutions can meet the challenges of healthcare transformation
More informationSolutions and Services Overview
Solutions and Services Overview Origin is a premier provider of seamlessly integrated, data driven revenue cycle management and analytics solutions, all supported by world-class customer service and over
More informationRevenue Cycle Maximization
Revenue Cycle Maximization www.claimremedi.com Revenue Cycle Maximization Presented by: Peter Bowhall CEO Andrea Neace ClaimRemedi, Inc. Santa Rosa, CA FQHC Revenue Cycle At its core is the Claim Revenue
More informationBest Practices for Transitioning to ICD-10
Best Practices for Transitioning to ICD-10 Nearly 20 years after it was first proposed, the International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM) for diagnosis coding
More information1/4/13 PRACTICE MANAGEMENT SOFTWARE AND OTHER OFFICE AUTOMATION TOOLS. Disclosures. Objectives
PRACTICE MANAGEMENT SOFTWARE AND OTHER OFFICE AUTOMATION TOOLS Linda D Green, MD, FAAAAI Disclosures Stocks: Merck, Pfizer, Google, Intel, Apple, IBM Hardware Used in My Practice: Various PC / Mac desktop
More informationOptum Intelligent EDI. Achieve higher first-pass payment rates and help your organization get paid quickly and accurately.
Optum Intelligent EDI Achieve higher first-pass payment rates and help your organization get paid quickly and accurately. The new benchmark for EDI performance Health care has outgrown commoditized EDI,
More informationClose the gap between care and reimbursement.
Close the gap between care and reimbursement. Focus on care, rather than collections Efficiency is critical to building value within a physician organization. Large integrated physician organizations function
More informationAnatomy of an Enterprise Software Delivery Project
Chapter 2 Anatomy of an Enterprise Software Delivery Project Chapter Summary I present an example of a typical enterprise software delivery project. I examine its key characteristics and analyze specific
More informationBILLING HEADACHES? STAFF OVERLOAD! DENIALS LOST REVENUE
BILLING HEADACHES? STAFF OVERLOAD! DENIALS LOST REVENUE END BILLING HEADACHES! - NBI WILL INCREASE YOUR REVENUE. - NBI WILL DECREASE BILLING COSTS. - NBI WILL REDUCE DENIALS. - NBI WILL PROVIDE 100%OFFICE
More informationRycan Revenue Cycle Management Solutions Overview. Target Audience: Evident and Healthland May 18, 2016
Rycan Revenue Cycle Management Solutions Overview Target Audience: Evident and Healthland May 18, 2016 Rycan Revenue Cycle Management Solutions (RCM) Overview Session Presenters: Jody Heard Industry Marketing
More informationIngenix CareTracker PM, EHR, & RCM Services:
Don t let technology get in the way of your practice. Ingenix CareTracker PM, EHR, & RCM Services: faster, easier, and more affordable. Why Consider Ingenix CareTracker? Ingenix CareTracker is a fully
More informationpractice management advisor
practice management advisor Spring 2014 Use templates to monitor financial performance 8 steps to implementing ICD-10 in your practice Group medical visits... still a viable option Placing a value on your
More informationGuide To Selecting A Medical Billing Service
BEST PRACTICES: SOURCE GROUP improving the business of medicine Guide To Selecting A Medical Billing Service Who Should Hire A Billing Service? If your practice is increasingly focused on resolving billing
More informationDays in Accounts Receivable Days in Accounts Receivable Greater Than 120 Days Adjusted Collection Rate Denial Rate Average Reimbursement Rate
1 Many providers are under the impression they can assess the financial health of their practice by evaluating cash flow only. However, cash flow is just one factor. You don't have to be a finance expert
More informationA FASTER, EASIER, MORE AFFORDABLE WAY TO GET PAID
A FASTER, EASIER, MORE AFFORDABLE WAY TO GET PAID experts for experts You re the clinical expert. We re revenue cycle, business, and regulatory experts. Leave business processes to us we ll keep you financially
More informationHealth Information Technology. Services. How Hospitals Can Enhance Physician Alignment by Offering HIE and EHR Technologies
Services Health Information Technology How Hospitals Can Enhance Physician Alignment by Offering HIE and EHR Technologies Table of Contents Executive Summary...3 Past Challenges, New Opportunities...3
More informationGoing Paperless is a Necessity. Choosing the Right Solution Can Be a Science.
Going Paperless is a Necessity. Choosing the Right Solution Can Be a Science. www.pegasustranstech.com I 866-503-5701 Going Paperless is a Necessity. Choosing the Right Solution Can Be a Science. By Bob
More informationICD-10 Readiness for Private Practice and Hospitals Presenter Lisa Asbell, RN ICD 10 Specialist
ICD-10 Readiness for Private Practice and Hospitals Presenter Lisa Asbell, RN ICD 10 Specialist 1 Purpose of Today s Seminar #1. To motivate you to fully engage your organization in the ICD-10 transition.
More informationHOW TO ACCELERATE ADOPTION OF ELECTRONIC HEALTH RECORDS
HOW TO ACCELERATE ADOPTION OF ELECTRONIC HEALTH RECORDS Build a thoughtful IT strategy that includes the EHR to enable growth Leverage virtualization and cloud computing to reduce cost and increase IT
More informationA FASTER, EASIER, MORE AFFORDABLE WAY TO GET PAID
A FASTER, EASIER, MORE AFFORDABLE WAY TO GET PAID experts for experts You re the clinical expert. We re revenue cycle, business, and regulatory experts. Leave business processes to us we ll keep you financially
More informationCustomer Success Story. revmd.com. revmd.com modernizes its infrastructure and improves performance by moving to the ClearDATA Cloud
Customer Success Story revmd.com revmd.com modernizes its infrastructure and improves performance by moving to the ClearDATA Cloud Page 2 of 5 revmd.com Modernizes its Infrastructure and Improves Performance
More informationOutsourcing Revenue Management Can Pay Big Dividends for Clinical Labs
Outsourcing Revenue Management Can Pay Big Dividends for Clinical Labs A report by Donna Beasley, DLM (ASCP) McKesson Revenue Management Solutions, Laboratory Effective management of a clinical laboratory
More informationUnderstanding Revenue Cycle Strategy How to Optimize Process and Performance
Understanding Revenue Cycle Strategy How to Optimize Process and Performance White Paper 1.800.4BEACON BeaconPartners.com BOSTON CLEVELAND SAN FRANCISCO TORONTO The revenue cycle can no longer be seen
More information