Revenue Cycle Management Process



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OVERVIEW It is important for everyone involved in the billing cycle process to be familiar with how each step of the encounter provides opportunities to assure successful and compliant billing. The purpose of this document is to demonstrate how each step in the process impacts the next as well as the overall revenue cycle of the agency/clinic. For most steps, the desired outcome and the results that may incur should that step not be addressed is discussed. This document is intended to be used in conjunction with training on policies and procedures, coding and documentation guidelines, and specific payer rules. It is not a comprehensive tool and should not be used without the aforementioned training. The content provided in this document is intended for educational purposes only. It is not intended to serve as medical, health, legal or financial advice or as a substitute for professional advice of a medical coding professional, health care consultant, physician or medical professional, legal counsel, accountant or financial advisor. Cardea encourages providers should contact third party payers for specific information on their coding, coverage and payment policies. ENCOUNTER An encounter is created for each client visit. The flow of this encounter begins at the time of booking and flows through the billing and accounts receivable (AR) cycle. The encounter is not complete until the charges have been reconciled completely by payments and/or adjustments. Scheduling Preauth/eligibility Reminder call Registration/ Check in Eligibility verification Remittance Advice/Payment Posting Clearing house Claim submission Check out Visit: Charge Capture/Coding Front End Processes Claims Follow up & AR Patient bill Benchmarks and auditing Intermediate Processes Back End Processes Quality Improvement 1

SCHEDULING First step of the encounter involves making the appointment and setting up the account to prepare for billing and contact. The first chance to get current and accurate information and communicate service/financial policies. Collect: Contact info allows you to contact the patient to remind of appts, verify info, and reschedule appts If appointment is booked incorrectly, the patient may need to come back resulting in patient dissatisfaction and lost revenue. 1. Does your agency have an electronic or other system for appointments that collects contact, insurance/payment source, and other patient information? 2. Do staff who handle appointment scheduling have adequate time to collect detailed pre visit information (keeping in mind that this saves time at check in)? 3. How are staff trained on scheduling and registration processes? Are there protocols or scripts in place? PRE AUTH/ELIGIBILITY Using the info provided at booking to verify eligibility and pre authorization for the appointment. This step helps to identify data entry errors or missing info. 1. How might your staff verify payment source eligibility (phone, online)? 2. Does your agency have a Practice Management System that can verify insurance carriers? Contact info Demographic information Insurance info (payer, plan, subscriber, relationship of subscriber to patient, policy and group number if applicable) Reason for visit Communicate: Review agency financial policy Discuss payment options Advise to bring required documents (insurance card, e.g.) Program coverage (i.e. FP waiver program will not cover infection check) Using the billing info captured at booking, contact the insurance carrier to determine eligibility and seek preauthorization for specific visits/providers. Also consider seeking benefit info (i.e. actual charges the patient may be responsible for) Demographic info allows to set up or update the patient account Insurance info allows the clinic to verify eligibility and benefit info prior to the appointment. Reduces work/time at check in. Reason for visit supports effective scheduling, may impact program eligibility and service fees Discuss payment options inform patient about potential programs for which she/he may be eligible Advise to bring req docs increases likelihood that patient will arrive with needed documents to apply for programs, verify insurance, etc. Program coverage informs patient if a specific program will or will not cover the visit Prepares the account for accurate billing, allows clinic to communicate responsibility prior to the appointment, provides authorization numbers when required 2 Won t be able to reach patient prior to the appointment to discuss prior auths, change appts etc. Patient info may be incorrect, leading to denied claims Clinic will not be able to verify coverage, identify data entry errors, etc. prior to the appt. Increases work/time at checkin, and could result in denied claims Patient may not be scheduled with the appropriate clinical staff or in a correct timeslot Patient may not be prepared to pay fees or not understand what programs are available. Patient may not bring required docs thereby delaying eligibility verification, may not bring insurance info so staff cannot verify data prior to billing. Patient may think a program will cover the visit and will dispute the charge. Patient satisfaction decreases. Claims may be denied for missing authorization or required referrals; Billing info is not verified which could result in denied claims due to data entry errors etc. Increases staff time at check in

REMINDER CALL Calling the patient to remind them of the upcoming appointment. Provides opportunity to discuss payment issues. Call patients two days prior to appointments. Inform them of any eligibility and benefit information captured Reduces no shows Increased no show rates 1. Does your agency/clinic make reminder calls in advance? One day before? Two days before? 2. Is an email or text reminder sent? REGISTRATION/CHECK IN Verify patient identity, reason for visit; update and prepare the account for the visit. 1. Does your agency have written protocols & procedures for staff to follow during the patient check in process? 2. How are staff oriented / trained on this check in process? ELIGIBLITY VERIFICATION Using the information provided at checkin to verify eligibility. This step helps to identify data entry errors or missing info. 1. How might your staff verify eligibility? 2. Does your agency have a Practice Mgmt System that can verify insurance? Review agency financial policy Have patient verify all info on file. Copy insurance card, assure subscriber info on file if appl. Discuss program coverage with patient as appl; verify income Review agency financial policy Have patient sign needed forms, including authorizing release of info to payer. Address issues of confidentiality or HIPAA rules (see 2013 Omnibus) as needed. Issue Medicare ABN, if appl. Pre populate encounter form/ superbill with patient info Collect co pays, as appropriate Using the billing info captured at booking, contact the insurance carrier to determine eligibility. Also consider seeking benefit info (i.e. actual charges the patient may be responsible for) If patient cancels, allows time to fill the slot. If patient confirms, allows adjustments to their schedule to keep the appt, informs the patient about insurance eligibility (if not eligible allows clinic to consider other programs and update account) Reduces staff time at check in and reduces claim denials due to errors Third verification of data entry and account info. Assures any changes since previous step have been captured, helps staff identify eligible programs for the patient. Reinforces patient understanding of financial policies and their obligation Prepares the account for accurate billing; ensures coverage is active at the time of service. Identifies the amount the patient is obligated to pay in the form of deductibles, co payments or coinsurance 3 Patient unprepared to pay co pays or balances. Clinic is not able to discuss patient responsibility based on benefit determination and is unable to inform patient of other programs she/he may be eligible for if no insurance coverage is found. Clinic is not able to get corrected information for data entry errors etc. Data entry errors may not be captured until after claims are submitted, increases denials and AR. Subscriber info may not be on file, account may be missing required documents Clinic staff will not have info needed for public program eligibility Outdated or incorrectly entered contact info will not be corrected Patient may not understand their financial obligation for the services they receive. Patient satisfaction decreases. Claims may be denied for lack of coverage at time of service. Billing info is not verified which could result in denied claims due to data entry errors etc.

VISIT: CHARGE CAPTURE/CODING Documenting and coding all services and capturing as charges. Clinical care Providers utilize an encounter form/superbill (paper or electronic) to document visit. Assures correct medical documentation for billed services (important for audits) documentation should match coding Form should include common Assures that all billable services are and charge capture. services, mapped to CPT codes. captured; no missed revenue Include ICD 9 codes as well. opportunities 1. Does your agency use an encounter form/superbill? How is it kept up to date? 2. Does your agency have written protocols & procedures for staff on documentation, coding and charges? 3. What is your agency s system for entering service charge data? Do charges match clinical documentation? 4. How are staff (including providers) trained on documentation/coding? 5. If you have an EHR, have you checked accuracy of pre assigned codes? CHECK OUT Ending the patient portion of the encounter 1. Does your agency have written protocols & procedures for staff for the patient check out process? 2. How are staff trained on this process? 3. Is your agency able to provide patients with a detailed bill that shows details of encounter, pay source(s), payments, pending balance, etc.? 4. Does your agency have policies/ procedures to collect patient fees, if applicable? Would fee collection fit better at check in? Verify any pre assigned codes in EHR templates. If using a paper form, submit immediately to staff who will be entering the charges into your billing system. All charges and coding should be supported by appropriate medical documentation. Correct documentation/coding is a partnership between providers and billing staff. Review and post charges Print bill/receipt and discuss charges with patient, including if insurance will be billed, if the services are covered by a program, and/or what portion the patient is responsible for (be sure to apply sliding fee scale as applicable) Discuss a payment plan with patient as appropriate If any patient payment received, enter immediately into patient account Reconcile accounts at end of day Standardized encounter form/ superbill reduces coding errors Facilitates timely filing of claims Allows clinic to inform patient of balances less adjustments (i.e. sliding fee) Discussion of payment plan increases likelihood that payment will be made Allows the clinic to print a statement of today s encounters, charges, payments (if applicable) and balances and reconcile all records 4 Required eligibility and/or documents for programs may not be captured resulting in patient dissatisfaction, increased provider work at a later date, missed services for the client All billable services may not be captured, resulting in missed revenue opportunities Claims may be denied due to coding errors Claims may be denied following chart review as a result of missing documentation ALSO required for compliance and if not sufficient will result in less than optimal audit findings Claims may not be billed in a timely manner resulting in increased AR Clinic cannot inform patient of balances, adjustments Missed opportunities to discuss fees with patients and collect as appropriate Clinic cannot print out a statement of today s charges, may lack necessary internal financial controls

CLAIMS SUBMISSION Preparing and submitting the claim to clearinghouse or direct to payers. 1. Does your agency have a Practice Mgmt system with a review feature? CLEARINGHOUSE Third party that submits HIPAA compliant claims on the provider s behalf. Provides additional edits prior to sending claims. 1. Does your agency use a clearinghouse (third party) to review claims (using edit codes) before being sent to the payer? REMITTANCE ADVICE (RA)/ PAYMENT POSTING Clean claims will be paid, applied to coinsurance or deductible, or denied. RA is the info sent to the provider explaining how payments or denials were applied. 1. How is payment/other RA information posted into your revenue mgmt system? CLAIMS FOLLOW UP/AR Tracking submitted claims to ensure receipt by payer. Taking appropriate action (modify, appeal or write off) in response to denials or partial payments. 1. How often does the agency review AR? 2. Does your agency have systems to track if a payer has not acted on a claim? 3. Does your agency regularly modify or appeal denied claims, as appropriate? Establish a claims submission schedule (i.e. daily, weekly). Review charges and codes, verify all charges are captured and posted correctly. Many Practice Mgmt systems have built in claims scrubbers/edits. By assuring accurate info in the above steps, clearinghouse edits will identify fewer errors Billing staff will post payments and denials based on the remittance advice. Follow up on unpaid claims. Post payments and denials as soon as possible following receipt of the RA. Know required payer timelines for modifying/appealing claims. Quickly correct and re bill claims denied for billing errors. Review outstanding claims regularly, correct, reprocess or contact carriers as appropriate. Reduces claims denials and/or erroneous billing (i.e., posted to patient when should go to insurance), assures accurate insurance info is on the claim including provider, taxonomy, id numbers, etc. Claims are processed faster and don t require additional staff time to correct errors. Results in faster insurance processing Remittance advice provides specific payment and denial reasons Timely posting of payments ensures updated balances and correct AR management Updated balances open opportunities to pursue reimbursement through secondary insurance or patient billing, as appropriate Claims corrected quickly will reduce days in AR and identify problems Many denied claims contain easily corrected errors; modifying and resubmitting will lead to increased revenue Documented denials from primary payers will enable billing of secondary payers, as appropriate 5 Denied claims increase, AR increases, may result in write offs, charges may be "missed resulting in lost revenue. If you don t use a clearinghouse, you may submit claims from your practice management system or direct to the carrier. You don t get the benefit of additional edits and may need to devote more staff time to correcting denied claims. Failing to post payments and denials in a timely manner results in the clinics inability to manage AR and reconcile billing. The clinic also cannot communicate denials, outstanding balances, etc. with the patient Claims may be denied due to untimely filing; AR increases, staff time increases, staff continue to make same/like errors Not attempting to correct denied claims is a missed opportunity for revenue

PATIENT BILLING Based on the remittance advice, the Bill patient balances on a regular basis 2 3 times/month Billing patients asap following claims submission allows them to easily claim may be billed to the patient. compare charges with EOB while the Send patient statements at Patient billing may also be appropriate visit is still fresh in their mind. least monthly; include denial for patients who are uninsured or do not Patients billed soon following service codes and demonstrate how wish to bill their insurance, assuming are more likely to pay on the payments were applied. ineligibility for programs and sufficient account. Reduces patient AR. Include previous income. Always ensure compliance with balances/payments. payer requirements (including Medicare/ Medicaid) before billing patients. 1. How is this info passed along to the patient? Is this process automated? 2. In what ways does your agency make payment easy/convenient for patients? 3. Does your agency have written protocols & procedures outlining when balances should be billed to patients and how fee info should be communicated? Send internal collection letters or phone calls for balances with no activity or missed payment plans. Provide multiple payment options, including online and telephone, and credit cards if possible After sending a couple of statements with no response, sometimes sending a letter or making a call will indicate the importance of their responsibility. Be sure to provide contact info for questions. Providing a means of making payments other than written checks increases patient payments Patient refuses to pay for the visit from last year for example; patient has tossed or misplaced the EOB. Patient doesn t pay until billed by the clinic so patient AR is increased until billing If the statement didn t match the EOB or the denial codes were not indicated, the patient may dispute the bill. BENCHMARKS & AUDITING/QI This is not part of the encounter directly. Benchmarking compares your processes/ results to best practices. QI efforts can improve your processes. 1. Does your agency identify benchmarks within your billing cycle? (see below) Common benchmarks include: Days in AR Claim denials Data entry errors AR by bucket and overall New/Est. patient Identify standards for practices, establish current baseline and develop plans to improve processes to meet the benchmark Collections Rate Unbilled charges Missing charges No Show rates Reminder call rates Establishes goals and helps the clinic to develop plans to meet benchmarks and make improvements. Increases efficiency, reduces AR, reduces errors, facilitates training, increases staff morale Provider Productivity Gross Charges Payer Mix Patient Satisfaction Patient Retention You don t know where you stand or if your processes are effective or can be better. AR may increase, staff morale may go down, errors may increase 6