Tweak Reimbursement Strategies with eClinicalWorks® based Billing Services
Reimbursement strategies typically have two weak points: compliance mistakes and inefficient billing statements. Both result in frustrating losses of revenue or at least a slowing of income, which limits your practice’s ability to grow and expand. It is possible to increase healthcare revenue today with a targeted reimbursement management approach by eClinicalWorks® based billing services.
Review and Revamp Accounts Receivable Billing
Because compliance is an issue that occurs in-house, it makes sense to ensure that those in charge of the tasks understand the intricacies of billing and coding. Although it is easy to ask everyone to follow current practices, it is far harder to follow up and verify compliance. But this very step can quickly reduce insurer denials or requests for additional information as well as resubmissions. This improvement, in turn, cuts down on the time that an invoice remains outstanding.
Streamline the Patient Billing Process
Did you know that you might be missing out on potential relationship building simply by sending out generic statements to your patients? Moreover, you may be missing revenue opportunities because bill recipients just do not understand what they owe.
- Back office accounting information. Do your patients need to know all the codes you enter, the payment denials you received, and resubmissions your staff undertook? Too much information confuses the bill payer who looks for the bottom line.
- Unclear payment options. Some medical professionals want to be paid online while others prefer mail. Spell out the various ways by which a patient may submit a payment.
- Present payment plan options. If your billing is hit or miss, you might have patients who would be able to make partial payments but cannot commit to the full amount. Build relationships with your patients and their families by offering official payment plans for any budget.
We understand that your plan to increase healthcare revenue today can seem like a tall order. But with the help of eClinicalWorks® based billing services, it is easier than you might think.