Denial Management Workflow Software

BillingParadise has developed a dedicated software for workflow management. A web application that addresses the revenue cycle challenges of single physician practice owner to Hospital CFOs. From tracking denials to Cross-team collaboration to monitor denial workflow and generating reports with just a few clicks.

We have given a simple demo of denial management process optimization and workflow management module here.

This demo will walk you through, how decision makers like you can zero-down on denied claims. Thus increase revenue by improving productivity and cut costs.
Check out our denial manager tool. https://goo.gl/Yu3ij7

We offer software as a service package. Call +1 888-571-9069

For more information, contact:

BillingParadise
2009 N. Lynn
Taylor,
TX 76574,
The United States.
Phone: +1 214-783-6295

Visit website. https://www.billingparadise.com

Facebook: https://www.facebook.com/billingparadise

Twitter: https://twitter.com/billingparadise

Linked In: https://www.linkedin.com/company/billingparadise

Google+: https://plus.google.com/107710156406908639530/posts

YouTube: https://www.youtube.com/user/billingparadise

An OB/GYN Success story – Improved Revenue & Compliance

Though BillingParadise helps 20+ Ob-GYN practices to improve their revenue, each ob-gyn center’s need is completely different. Most ob gyn centers switch because they were not happy with third Party RCM provider, some look for an OBGYN specific billing company that offers end-end services at low cost, few want to outsource from a small in-house billing team to a full fledged company.

Very recently we had such a scenario with one of the busiest ob-gyn practices in California. The ob-gyn practice was using eCW but their billing company was transmitting claims through Office Ally. The practice wanted to opt for electronic fund transfer (EFT) to quicken the payment flow, electronic remittance advice(ERA) to address denials, And most importantly a biller who understood OB-GYN billing guidelines.

The ob-gyn practice’s dream didn’t come true till they found BillingParadise. Yes, BillingParadise has helped this ob-gyn center to attain more than 50% revenue in just 3 months.

1.      Challenge

2.      Discovery

3.      Medical coding audit.

4.      Know your Payers’ Timely filing limits

5.      Modernizing the billing cycle

6.      ERAs and EFT enrollments

7.      Improving patient experiences

8.      Antepartum care billing

9.      NST services

10. AR and Denial Management Solutions



For more information, contact:

Phone: +1 214-783-6295

Visit website. https://www.billingparadise.com 

Facebook: https://www.facebook.com/billingparadise 

Twitter: https://twitter.com/billingparadise 

Linked in: https://www.linkedin.com/company/billingparadise 

Google+: https://plus.google.com/107710156406908639530/posts 

YouTube : https://www.youtube.com/user/billingparadise

How to promote your medical practice for obgyn

Here are top 6 factors that stop ob-gyn practices from realizing their full revenue potential.

1. Inconsistent revenue audits
2. Coding issues that go unnoticed
3. Inadequate knowledge of timely filing limits
4. Improper billing for antepartum care and NST services
5. Patient billing mistakes
6. Small things matter

1. Inconsistent revenue audits

Most ob gyn practices overlook a crucial aspect of running a financially successful institution – regular revenue audits. Sometimes the cause for revenue leakage can be as simple as poor data collection efforts. A revenue audit can surface troubling trends and risk areas. Read More Information

Three Ways to increased 60% revenue for an OB/GYN

1. Challenge - (Client Story)
2. Discovery - (Identifying revenue leakage)
3. Medical coding audit. (QW Modifier consistently missed)
4. Know your Payers’ Timely filing limits (This Increased the practice revenue by 10%)
5. Modernizing the billing cycle (a visible change in top-line revenue growth)
6. ERAs and EFT enrollments: ( It helped to zero down denials systematically)
7. Improving patient experiences - (Patient AR worth $37,000 was left on the table)
8. Antepartum care billing
9. NST services (additional revenue which was missed by old billing company)
10. AR and Denial Management Solutions  Read More information

Speed Your Healthcare Revenue Cycle With A Check2Bank Solution

10 Ways Healthcare Lockboxes Can Help CFOs Enhance Their Revenue Cycle

1. Eliminates tedious manual processes

2. Consolidation of reimbursement information

3. All on the same page

4. Shortens payment TAT

5. Better receivables data management

6. Minimizes administrative efforts

7. Large volume? No issues

8. Expedites remittance tasks

9. Highly secure

10. No more single checks

1. Eliminates tedious manual processes

Manually processing EOBs is cumbersome. Lockboxes enable staff to create auto-postable records of EOBs easily. Explanation of Benefits is imaged and converted into electronic documents. The data in the documents are reconciled with medical claims and payments. This saves truckloads of time.  Read More Information

Monitor and Keep Track of Payer and Patient Collections

Key performance indicators are metrics that help leaders and decision makers of the healthcare industry evaluate their organization’s performance and financial health. There are many metrics to look at for analyzing various departments of a healthcare organization but there are some key metrics or performance indicators that industry leaders use for evaluation. This blog aims to look at five such KPIs.

Key financial indicators help CFOs to compare their healthcare organization’s performance to other such organizations. ‘To effectively track healthcare revenue cycle performance, healthcare organizations should develop key performance indicators (KPIs)’, advises Sandra Wolf skill, Director of Healthcare Finance Policy and Revenue Cycle MAP at the Healthcare Financial Management Association (HFMA).She mentions in her article that some of the high-performing organizations have net days in AR between 28 and 36 days, whereas net days in A/R of 50 was considered a great number.

1. Days Cash On Hand

2. Operating margin or operating profit margin percentage

3. Net days in Accounts Receivable

4. Cash Collection as a percentage of net patient services revenue

5. Claims denial rate

Read More Information Click Here 

Help the CFO Keep Track of the Healthcare Organizations Performance Blogs

10 Proven Strategies For Hospital CFOs To Increase Revenue Cycle And Operational Efficiency

 Hospital CFOs Struggle to Keep Up With the Time

Here’s what 2016 taught healthcare CFOs and revenue cycle directors about RCM and compliance auditing

 12 Models Physicians are Practicing For 2016 [Infographic]

6 tactics to succeed for ACO readiness [Infographic]

Healthcare CFOs: Evolving roles and responsibilities

ACO’s – A Step Towards A Healthy World!!!

Medicare, The White Elephant We Cannot Get Rid Of

INFOGRAPHICS: Deloitte 2013 Survey Throws Light on Physician Beliefs

Improve Profitability and Reduce Cost-To-Collect

Healthcare organizations have many functional areas to work upon, but the
two main areas that affect the hospital’s sustenance are billing and
collections. Billing influences a hospital’s revenue for the future and
collections impact the financial health of the organization.

There are some aspects of healthcare financial management if reworked and technologically updated, it can multiply the prospects of success in billing
and collections.

An article on Becker’s Hospital Review discusses how a six-hospital health system that serves more than 2 million patients per year uses a customizable
online financial engagement platform to evaluate billing process issues
and find solutions for the same.

This financial engagement platform is one of the hundreds of products
 available that help hospitals prevent billing and/or collection bottlenecks.

Billing and collection bottlenecks:

Information Technology

Operational budgeting or forecasting

Streamlining patient access functions

Improving physician productivity

Implementing a collections module

Outdated fee schedule

Coding audits

Achieving economies of scale by externalizing RCM functions

Billing vendors not meeting the SLAs

Losing the common thread with RCM vendors

1. Information Technology (IT)

Information technology has been enabling healthcare organizations to
restructure staffing models, speed up billing process, increase collections
and also communicate with patients quickly and efficiently.
IT has been indirectly responsible for securing steady and good inflow of
revenues. Using a good billing software or a collections module or
an EHR that has some part of the billing process integrated into
 it can increase the efficiency of billing cycles. Read More