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May 13, 2019

RCM tip of the day: Don’t leave money on the table

Blog Article

Medical practices should take proactive steps to ensure they are not leaving money on the table due to claims processing errors, advised Naveen Sarabu, vice president of product for AdvancedMD, a cloud platform provider of integrated clinical, financial, patient engagement and reputation management applications for independent practices.

“Many medical practices receive claims denials by payers because they either do not verify patient health plan information before providing the service or make an error with coding or the input of patient information,” he said.

“To overcome this challenge, practices should utilize technologies to automatically do eligibility checks at the appointment scheduling time or soon after and follow the mantra of ‘doing it right the first time’ by utilizing technology that supports claim-scrubbing and has the ability to apply multiple types of edits before a claim is submitted,” he added.

Mr. Sarabu also recommended that medical practices have good patient collections, along with integrated credit card payments and other technology. He said this allows patients to more easily receive bill notifications (via text or email) and to pay online or via phone.

See the full article on Becker’s Hospital Review.

 

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Topic: Revenue Cycle Management | Content Type: Blog Article

“Other companies made their offers, but they required so much more money up front, I’ve seen a lot of different systems in my 18 years in billing. If you are looking for an easy-to-learn, cost-effective solution, AdvancedMD is your answer.”

Gloria Johnson
Billing manager

“Having integrated practice management and EHR is absolutely wonderful, you don’t have to flip back and forth between systems—all of your information is at hand when needed.”

Raju Raval, MD

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“With AdvancedMD we got everything in one package, and the ability to ensure that we get maximum allowable Medicaid reimbursement.”

Charlotte Kientzy
Practice billing manager

“The doctor who is not using AdvancedMD right now, is wasting his time.”

Armando Diez
Owner – Florida Pro Health