utilizing managed care claims data effectively for improved revenue
DESCRIPTION
Managed Care Boot Camp. Utilizing Managed Care Claims Data Effectively for Improved Revenue. Presented By: Kerry Elledge Quadax, Executive EDI 5/16/2013. Managed Care Boot Camp. Revenue cycle systems & services Exclusively serving the Healthcare market - PowerPoint PPT PresentationTRANSCRIPT
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Utilizing Managed Care Claims Data Effectively for Improved Revenue
Presented By:
Kerry Elledge
Quadax, Executive EDI
5/16/2013
Managed Care Boot Camp
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Managed Care Boot Camp
Introduction: Quadax
• Revenue cycle systems & services• Exclusively serving the Healthcare
market• Privately held company, 550+
employees• 800+ clients in over 33 states
~ 766 EDI Services clients (7 States)~ 50 A/R Services clients
• Client retention of 95%+ has been driven through true partnerships . .
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Managed Care Boot Camp
Claim Life Cycle - EDI
• Claim Drop – From Host System
• Scrub-A-Dub Dub:– Edits: Payer, NCD,
LDC, CCI, MUE, OCE
– Edits: Custom
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Better cash flow!
Faster reimburse-ment
Cleaner
claims
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Managed Care Boot Camp
Claim Life Cycle - EDI
• Auto Release (Clean) or Correct and Release
• Off to the Payer – Accept or Reject• Into the Payers Adjudication System –
To Pay or Not to Pay…That is the ?• Return 835/Remittance
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Managed Care Boot Camp
Key Managed Care Points
• Medicare No-Pay Claims– HIC #– Condition Code
• Medicare/Medicaid Edits applied to Managed Care Plans
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Managed Care Boot Camp
Key Managed Care Points
• Eligibility Edits – Medicare– Check various eligibility information
HMO Managed Care/PPO (Includes Plan ID and Name)
Enrolled in HospiceSkilled Nursing Facility CarePart A/Part B Coverage
• Reporting Specific to Managed Care – Segmentation– Claims/Remittance/Denials (Get 835)
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Managed Care Boot CampKey Managed Care Points: Automated Secondaries
• Claims are processed more quickly - You receive payment faster
• You’ll be aware of denials sooner with greater opportunity to reverse
• Key savings opportunities– No longer paying postage– No longer have to pay for the forms– Save employee time of manually creating
secondaries– Streamlined follow-up
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Managed Care Boot CampKey Managed Care Points: Denial Management
• Effective denial management strategy– Identify, Classify,
Quantify– Manage Denial Follow-
Up– Prevent Denials
Through Process Improvement
– Develop Effective Reporting
Scheduling
Service
Providing
Service
Coding Service
Billing Service
Collecting
Payment
Where do denials come from?
Any and all points in the revenue cycle
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