How to Discover Better Insurance Coverage, Together

Streamlining and improving revenue is hyper-important for healthcare organizations right now. One challenge is finding the right patient payer information. Technology can help organizations identify more billable insurance coverage for self-pay patients, maximizing revenue, increasing efficiency and improving patient experience. The following is a guest post from Inovalon. Many healthcare providers find themselves wondering whether a revenue cycle management (RCM) partner would benefit their organizations. When providers can find the right partners – partners that add value to the organization’s industry expertise by delivering best-in-class technology – they can increase reimbursement dollars while decreasing denials. Consistently high-performing financials take more than clean claims and quick workflows. Maximizing revenue cycles requires the seamless integration of a host of resources, processes, and innovative revenue cycle tools. To deliver the most value, RCM partners should provide integrated eligibility and identify additional billable insurance coverage as part of the process, providing better service to both providers and their patients. Streamline the billing process The right RCM partner will help providers optimize revenue by creating faster, easier processes to identify insurance coverage. As Medicare Beneficiary Identifiers (MBIs) only relate to Medicare coverage, providers need tools that will go beyond MBIs and caps from payer searches. Manual payer sea...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Administration Ambulatory Health IT Company Healthcare IT Hospital - Health System Revenue Cycle Management billable coverage Healthcare Scene Featured Inovalon insurance discovery Medical Bills patient co-pays patient deductibles Source Type: blogs