AdvancedMD offers a clean claims submission tool that checks every claim before it goes to the payers. It reviews for thousands of common errors in claims submission, then flags them so your team can quickly revise any claim and get it sent off accurately. Getting error-free claims to your payers has several benefits:
You get paid faster.
With AdvancedMD you can submit claims quickly after your patient encounter is done. The sooner you submit a claim, the sooner you get paid.
You don’t miss submission deadlines or windows.
Payers have specific timelines for when each claim has to get to them following your patient visit. If you miss it, you have to write it off as lost revenue.
Your staff doesn’t waste time reworking erroneous claims.
When there’s a problem with a claim, it comes back to your medical coding and billing staff. They have to spend more time figuring out the problem, correcting it, and submitting a new claim. All of this also has to be completed in a tight time window to satisfy payer deadlines.
You have less bad debt to write off.
The reality for practices that struggle with claims denials is that you end up having a lot of claims that never go through. Your provider(s) miss out on revenue for work they did and your practice suffers.
You meet your revenue and cash flow targets.
Practices budget based on the money they expect to come in for the work they’ve done. If your providers aren’t getting paid for several weeks or months after the patient encounter, or you have to write off a lot of claims, it messes with your revenue projections. That could make it hard for a small practice to meet financial obligations like lease payments and payroll.
The benefit of AdvancedMD is that your staff doesn’t have to do any extra work or learn any new software programs. We have automatic claim scrubbing for every claim, every time. All you do is keep running your business as usual, and let us take care of the rest.
