Revenue Cycle Management and updates on ICD-10 implementation
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Revenue Cycle Management with free features of PMS & EMR/EHR and updates on ICD-10 implementation VOCIS, 8442 Dixie Highway, Louisville, KY 40258 866 365 3909 | 502 638 4285 | 973 727 0444 | Web: vocisinc.com | Email: [email protected]
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Revenue Cycle Management with free features of PMS & EMR/EHR and updates on ICD-10 implementation by Vocis; A BBB Accredited, Practice Management Company based in Louisville KY, involved in Medical Credentialing, Billing, Collections, Transcription, Practice Marketing, Virtual Receptionist, and Practice Set up for independent NPs, PTs, and MDs.
Transcript of Revenue Cycle Management and updates on ICD-10 implementation
Revenue Cycle Management with free features of PMS & EMR/EHR and updates on ICD-10 implementation
VOCIS, 8442 Dixie Highway, Louisville, KY 40258
866 365 3909 | 502 638 4285 | 973 727 0444 | Web: vocisinc.com | Email: [email protected]
Revenue Management - Challenges
Healthcare providers are facing the complexities of medical billing operations with challenges such as:
High A/R days
Low cash flows
Insufficient resources
Declining reimbursements
Lack of reporting/analytics
Maximize profitability - Ensure success
VOCIS Medical Billing Service has decades of multi-specialty experiences in:
End-to-end revenue cycle management
Denial management and resolution
Professional services and revenue cycle assessments
Physician billing
A/R recovery
Our Medical Billing ServicesInclude
Fee Schedule Review and Analysis
Eligibility and Benefit Verification
Assistance with Provider Enrollment
Electronic and Paper Claims Submission
Account Receivables
Secondary Insurance Billing
Inbound/Outbound calling
Worker’s Comp and No Fault
Patient Demographics Entry
Authorization Request and Tracking
Charge Entry – All Specialties
Posting of Insurance and Patient Payments
Patient Statement
Denial Review and Management
Customized management reports
Medical Coding
Accurate, reliableand faster
By partnering with VOCIS and utilizing our Medical Billing Services, our clients see: Remarkable improvements in cost to collect and payment per procedure
Significant reductions in A/R days
Decreased operational overheads and enhanced workflows
Robust analytics and reporting
Improved denial resolution
Maximized cash flows
Regardless of the size of your practice, our team of certified medical billing service will enhance your cash flows, reduce your operational cost and improve your service quality. You can get back to your patients and leave all billing technicalities for us.
Our plan of action for ICD-10
ICD- 10 trained staff will keep the Providers and their staff up - to -date on the changes for ICD-10 implementation
ICD-10 codes imported in the billing software so that the testing can be started at the earliest with the new codes – Testing starts effective Jan 2014
Generally we accept 45-60 days in AR as quite reasonable, but we would have to be more aggressive , more goal oriented. In actual words its time to challenge the process
VOCIS plans to focus on the AR a bit early so that the denials can be captured on time and can be worked accordingly. This will fasten the payment process.
Cont…
AR reporting will be very crucial to manage the accounts efficiently
Zero to 30 days, separated by payer
Daily and weekly revenue
Outstanding days
Insurance verification for all the patients/accounts. This will ensure that the claims are billed to the right insurance and that will speed up the payment process and at the same time will reduce the denials
Pricing -We don’t collect until you collect
The pricing structure for VOCIS’s billing and coding services is straightforward, and calculated as a percentage of your organization’s monthly net collections. To the contrary, the pricing is determined by a detailed analysis of your organization’s key characteristics, finances and other data.
“We charge just 4 to 8% of collected amount”
Who We Are
In 2000, A group of Healthcare Industry veteran talents teamed up to launch, 'Vocis', an organization with a difference, that specialized in making medical groups more competitive for today's world
Advised and owned by Physicians
A BBB Accredited; Practice Management Company based in Louisville KY, involved in Medical Credentialing, Billing, Collections, Transcription, Practice Marketing, Virtual Receptionist, and Practice Set up for independent NPs, PTs, and MDs
Successfully providing services to over 150 satisfied customers all over US
Experienced team of AAPC Certified Coders, Billing Specialists, AR Analysts, Denial Management Specialists, Quality Analysts and backed by experienced team of Software, Network and Hardware Engineers
State-Of-Art IT infrastructure center comprises of HP PCs, High speed internet leased line with assured 24/7 connectivity, Network & Server monitoring, Data Back-up & Remote storage facility and 100% power back-up
Contact us
Sales
866 365 3909
General Information
Phone – 502 638 4285
Web – vocisinc.com
Email – [email protected]
