Medical billing is an intricate and challenging process. Our revenue cycle experts have extensive knowledge of a wide range of topics, including reimbursement rules and standards, coding regulations, and regulatory advancements.
Increased income, quicker payments, and better financial stability are all possible expectations. Every task related to your receivable has been completed.
A/R Management Services
Accounts receivable management should be the main focus for hospitals and health systems looking to improve financial performance and operational efficiency. Our goal is to improve every aspect of their services through superior AR management.
Hospitals looking to improve their clean claims rate, manage denied claims more effectively, and have expert assistance with appeals processing should consider outsourcing their denials and appeals management.
Patient Responsibility Management
Hospitals and health systems that seek to enhance patient collections and minimize billing collection cycles might use self-pay patient collection services.
Third Party Coverage
Services for hospitals and health systems that wish to maximize compensation for all medical claims resulting from third-party responsibility incidents.
Underpayment Audit Recovery
Underpayment recovery services for hospitals looking to improve claim management and promptly resolve healthcare underpayments.
In order to detect and collect money under CMS’s Post-Acute Care Transfer (PACT) regulation, a reimbursement management system for healthcare providers is needed and we provide that without any additional cost.
Improved Revenue Performance
You won't last long in business if your revenue isn't sufficient to pay your expenses. Due to the challenges associated with billing and revenue collection, revenue cycle management (RCM) is crucial, even for physicians who work in hospitals. Service lines including radiography, emergency medicine, hospital medicine, and anesthesiology could all profit from the right RCM solution.
247 virtualsolution Claim’s RCM performs up to 20% better than others in the industry norm in terms of average days outstanding in accounts receivable.
Claims may be submitted in 5-7 days less time to avoid cancellation. We increase your billing and collection efforts.
Finalization is done after completing all the revisions and analysis. After finalization of analysis and reviewing, we never hesitate to consider different aspects to provide more value.