Can you answer the following key questions in regard to your in-house billing performance and processing?
- What is the process for returned claims and statements?
- How are zero payments posted, when do they transfer?
- How are denied claims posted and tracked? (33% of denied claims are never recovered)
- What is the process for underpayments and how do you even know if you were underpaid? (20% of claims are underpaid)
- How are rejections tracked and solved?
- What is the process for bad debt write-offs? How much money is being written off every month that is not a contractual adjustment?
Based on the above questions, do you have the tools you need to ensure your revenue department is running at 100%? What about the knowledge and expertise to move forward? Contact us today and we will come onsite and help you navigate the answers to the above questions and many more. We will then design and execute an action plan to bring your revenue back to the top.
Importance of Accurate Medical Billing
Accurate medical billing is a staple in maintaining the financial health of a medical practice. However, it’s also incredibly time-consuming. If medical billing isn’t followed and re-worked in a timely fashion, billing issues can escalate quickly and will ultimately lead to a loss in revenue.
If you feel as if internal billing is unable to meet the demands of your growing practice, InnovateU can help. We will identify areas within your practice that fall short. Some of these might include: a lack of trained staff, billing processes that are outdated, staff turnover, utilizing inefficient technology. Not only will we identify these areas, we can also provide the resources you need to correct them.
Medical Specialties
Medical Specialties we are proficient in includes but is not limited to the following specialties:
The Next Level of Billing Services
Billing services are provided on a percentage of payments posted. Percentage fees are individually customized and determined according to the type of practice, specialty, monthly volume, and the length of contract. Fees are all-inclusive (telephone fees, CMS forms, printing, envelopes and all office-related expenses). Clients only pay for electronic claims submissions and postage costs related to their account if the monthly postage exceeds $50/month. With InnovateU, our staff completes the entire revenue cycle management process directly through your EHR software giving your practice complete transparency into how claims are being handled. We offer:
With our denial management, tracking, reporting, and provider education, you can eliminate errors that lengthen the revenue cycle of your practice. With our medical billing services you get paid accurately and faster for the services you provide.
Compliance, Coding, and Risk Mitigation
If you’re looking to mitigate risk, improve charge capture, and enhance accuracy, InnovateU can help. Our experience with coding and documentation allows us to provide you with the following services:
With our denial management, tracking, reporting, and provider education, you can eliminate errors that lengthen the revenue cycle of your practice. With our medical billing services you get paid accurately and faster for the services you provide.