Accounts Receivables Management
Submitting Claims on Time and Following Up to Expedite Payment
A timely claims submission process is crucial for maintaining financial health.
REVV-Systems ensures prompt and accurate submission of claims, followed
by persistent follow-up to secure faster payment. Our systematic approach to managing
denials and appeals significantly reduces the burden on your in-house team, optimizing
your revenue cycle for quicker returns.
What We Offer:
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Efficient Claims Submission:
Our team submits claims within 24 hours of encounter completion,
reducing lag time and helping to establish consistent cash flow for your
practice.
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Proactive Denial Management:
For claims that are denied or underpaid, we investigate, resubmit, and
appeal as needed. By identifying denial trends, we implement corrective
actions that further reduce future denials.
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Strategic Follow-Up Process:
Persistent follow-up on outstanding claims minimizes AR days and
maximizes collections, providing your practice with the financial
consistency needed to operate effectively.
Key Performance Indicators (KPIs):
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95% Claims
Submission Rate within 24 Hours: Rapid submission
increases the likelihood of quick reimbursements and consistent cash
flow.
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< 3% Denial Rate:Efficient submissions
and proactive management result in minimal denials.
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15% Decrease
in AR Days:Through diligent follow-up, your practice
experiences faster revenue realization and a decrease in AR days.
Healthcare Revenue Rescue Service
Take control of your unpaid claims with our comprehensive
Revenue Rescue Service, designed to recover revenue that’s been stuck
in limbo for up to 24 months. Our end-to-end solution handles every step of the process,
so you can focus on patient care while we maximize your practice’s revenue.
Here’s how it works:
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Research:
We dive deep into your accounts to identify and analyze unpaid or
unprocessed claims up to 24 months old.
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Report:
Receive detailed reports outlining the status of each claim, including
potential reasons for non-payment or denials.
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Done For You:
We go beyond just research and reporting. Our team will.
Re-process or submit unsubmitted claims: to ensure every potential
dollar is pursued.
Consistently follow up: with payers until the claim is either paid or
definitively denied.
Post payments and adjustments: directly into your system, ensuring your
accounts remain up-to-date and accurate.
With our Revenue Rescue Service, you can reclaim lost revenue without lifting a finger. We'll do the heavy lifting researching, submitting, and following up so you get paid what you’re owed.
Frequently Asked Questions (FAQ's)
REVV-Systems prioritizes the financial health of your practice by ensuring claims are submitted within 24 hours of encounter completion. Our efficient claims submission process helps to establish a consistent cash flow, reducing the lag time that can affect your practice's operations and revenue cycle.
Our proactive denial management process involves a thorough investigation of each denied or underpaid claim, followed by resubmission and appeals as necessary. By analyzing denial trends, we implement corrective actions to minimize future denials, ensuring more claims are paid promptly and reducing the overall denial rate to as low as 3%.
Our strategic follow-up process is designed to minimize accounts receivable (AR) days and maximize collections. Persistent follow-up on outstanding claims ensures that delays in payments are addressed swiftly, promoting financial consistency and helping your practice achieve a 15% decrease in AR days.
The Revenue Rescue Service is an end-to-end solution aimed at recovering revenue from unpaid claims up to 24 months old. This service includes deep research into your accounts, detailed reporting on claim status, and hands-on management of claim reprocessing and follow-ups. Our team handles every step-from identifying unprocessed claims, to posting payments and adjustments in your system. This comprehensive service allows your practice to reclaim lost revenue without additional effort on your part, ensuring you receive the payments you're due while you focus on patient care.
