Services
Comprehensive Revenue Cycle
Management Services
With our customized revenue cycle management solutions, you can see a visible impact on your day-to-day operations while benefiting from enhanced customer satisfaction and improved claims submission and returns.
Insurance & Benefit Verification
Successful billing depends on successful eligibility verification. To verify patient has active medical coverage for the date of service and their insurance plan covers for the services provided ensures that the provider will be paid for services rendered. This step is very crucial to ensure correct billing and reduce claim denials.
Medical Coding
Medical insurance billing and coding is one of the most crucial functions for a medical practice and it needs dedicated human resource and time for a streamlined process. When your practice cannot afford to dedicate the time and resources for medical insurance billing, it is essential that you outsource medical insurance billing to medical billing companies that can deliver outstanding results.
Claims Submission / Billing
Claims Submission / Billing- Once the claim has been properly completed, it must be submitted to the insurance payerwith in 24 hr for payment. Medical billers need to have access to the information they need about the insurance payer since there are so many variables for each insurance payer in determining how and when to submit a claim in a timely manner.
Payment Posting
Accurately posts payments from third-party carrier and patient payments to accounts. Posts/documents on accounts' rejections notices from third-party carriers. Performs daily reconciliation of payments posted to billing system to payment batch and resolves discrepancies. Posts payments and adjustments to proper patient invoices.Recognizes problems in payment amount.
Denial Management
Denial management is a critical element to a healthy cash flow, and successful revenue cycle management.Failing to adequately work denials from insurers translates to lost revenue for your medical practice. Our experts analyze the possible denial trends and also initiate ‘global action’ that can impact many claims with a simple fix to prevent repetition of the same denials.
Account Receivable
A significant asset of all healthcare providers is their accounts receivable services. we ensure all billing and collections activities meet state and federal compliance requirements. consistent follow up on unpaid claims utilizing monthly aging reports and filing appeals when appropriate to obtain maximum reimbursement. Conducts timely follow-up activities on assigned accounts to reduce outstanding account receivables.
Comprehensive Accounting and
Financial Solutions
Customized Solution For Any Type Of Medical Facility
Interact Healthcare revenue cycle processes offer significant benefits to healthcare providers and revenue cycle management companies. While the initial focus is to get cost savings, the advantages of offshoring go beyond just cost savings.
Is your business spending more than it should?
Let us be your perfect outsourcing partner. Reach out to us for further discussion.
Let us transform your revenue cycle.
As one of the leading providers of medical billing services, Interact Healthcare RCM has the experience to provide you with multi-specialty medical billing services utilising a management team that has been together for many years!
