Claims Rejection

Clearing HouseRejections

InappropriateScheduling EOB Posting

How 2

Manage Your Revenue Cycle

Effectively?

Technological Tools 2

boost revenue cycleof group practices in 2016

Productivity Tracker

Work Flow Organizer

Real-time Claim Checker

Clearing-House Tracker

Collaborative Intercom

Let’s boost your group practice’s revenue cycle with these five technological tools…

Every group practice is well versed with the stream of technology that their

revenue cycle revolves around with. As changes are made in the healthcare system,

it is evident that the similar changes occur even in the hospitals revenue cycle

management too.

Keeping pace with these changes ultimately requires that the group practices

streamline their process and make sure that their revenue cycle is proactive

with technology. Every revenue cycle is a showcase of a business’s financial health.

This productivity system should be an embodiment of practice revenue, visits, patient contact hours, and panel size.

Productivity Tracker

Physicians get paid based on their productivity

Practice managers can introduce a relative value unitbased system to measure and provide compensation plan and maximize productivity.

Every group practice functions under the axiom that the physiciansare the productive providers for the group’s financial success.

#1

Live claim status

Installation of tools to track a real time claim statuscan help claims from being unseen and rejected in thecase of group practices.

This technology would help the practice and the physicianto view a claim status in a secured manner and take measuresto avoid rejections

View claims intimation, track claim status in real-time, andalso access your claims history in digital format on the move.

#2

Work Flow Organizer:

Every physician’s schedule should be monitoredwith a tracker that showcases the number of patientsthe physician has viewed and his contribution to the month’s productivity.

A query system would help the practice manager reintegrateand structuralise the work flow in a chaotic group practice.

Helps the practice manager to have a clear knowledge of thephysician’s appointments and produces an organised workflow.

#3

Clearing-House Tracker

This form of technology integrates with any practicemanagement system to securely view the status of the claim in the clearing house and the transfer information, instead of putting reimbursement at risk.

Helps Increase claim processing efficiency, manage time efficiently,ensure claims are submitted to the correct payer and confirm eligibilityprior to the office visit.

#4

Rejected

Addressed

#5 Collaborative Intercom

When concerned with a group practice, communicatingin a secured manner is the need of the hour. There are situations, when professionals are on a different systemand each system stands aloof, is indeed a vexing problem.

The evolution from a fee-for-service model to a value-basedcustomer centred approach was the intuition for a collaborative technology.

With the advancement in technology a platform is created to help providersand billers, communicate securely.

Wondering if all these five tools can be in one application….

You can stop wondering and start exploring with thebillingbridge app…

Intelligent Real-Time SolutionFor Precise Revenue Cycle

A group practice requires an integrated system that not only connects the EHR with the RCM system but also enhances theoperational capabilities of the revenue cycle. This helps to streamline the revenue cycle for greater insights into treatments,costs and outcomes. Every financial transaction is always a bridge from volume to value.

Also check this out..http://www.billingparadise.com/24-hours-billing-and-collection-services.html

Call toll free no 1-888-571-9069 for effective management of revenue cycle system

Billing Paradise,732 N. Diamond Bar Blvd, STE 110,Diamond Bar, CA -91765