Transforming Denials To Dollars!

Posted by Ecareindia on June 4th, 2013

Maintaining a healthy revenue cycle is one of the greatest challenges that Healthcare Providers and medical billing specialists face in the current scenario. The reason for revenue losses and untimely reimbursements is mainly claim denials. Although medical billing specialists show extreme care in performing medical billing and coding functions, errors do occur, affecting the normal cash flow. ‘How can one transform these denials to dollars?’ has always been a million dollar question. Let’s try to arrive at an answer:

Conduct Audits: Prevention is always better than cure! Therefore, it would be beneficial if medical billing specialists work hard towards preventing claim denials rather than correcting the denied claims. Medical claims can be made denial-proof by conducting periodic audits, which are considered highly essential in the present day scenario.   

Expertise: Handling claim denials is not a simple ‘walk in the park’, as it requires a lot of expertise. There might be many reasons for a medical billing company to fail in handling claims promptly despite having the expertise. Therefore, healthcare outsourcing would be a prudent choice to outsource a part of medical billing and coding services to an offshore company.

Consistent AR Clean-up: AR inflation is one of the major problems that affect a medical billing company’s healthy cash flow badly. To avoid this situation, medical billing specialists must eliminate the backlogs first. Then, they have to do a thorough root-cause analysis and apply corrective measures to fix the problem. The derived solutions must be documented properly for future use.    

Performing all these tasks might be time and money consuming, so healthcare outsourcing is the right decision. A leading offshore healthcare billing company like e-Care India can help transform denials to dollars!

About e-Care India:

e-Care India is one of the renowned healthcare billing companies in India that promises the above mentioned benefits with total customer satisfaction. With 13 years of experience in the industry, e-Care’s offshore medical billing delivery centers have been providing end-to-end medical billing and coding services seamlessly to its clients. To know more about e-Care and its services, log on to www.ecareindia.com