In any healthcare industry, but especially in the growing fields of substance abuse and behavioral healthcare, denied claims and delayed reimbursement could be a troublesome thorn in the side of any billing department. Sometimes, a quick fix can remedy a late payment, but dedicated aging collections management could be needed to track down payments and collect delayed claims in many cases. Strategies to combat these delayed payments can be implemented, including improving communication between payers and payees and increasing system integration.
As a substance abuse recovery or mental health treatment provider, your clients need and deserve your full attention. By working with a well-trained RCM team like RevWerx, you can stop wasting time tracking down delinquent payments and struggling against insurance companies and get back to focusing on the well-being and health of those depending on your services. Contact our dedicated team today to discover what RevWerx RCM services can do for you, including aging collections management, by completing our secure online form or by calling us at 833.309.0138.
Efficiently Managing Insurance Claims
Submitting claims to an insurance provider is a daily process for most healthcare facilities and providers, and unfortunately, it isn’t always an easy process. If a claim is submitted incorrectly or with errors, it can cause major delays and even full stops in the billing process. Identifying and fixing errors is one of the most important aspects of billing, and it’s entirely dependent on your billing provider. Unfortunately, for smaller organizations, this can be a surmounting task.
Working with an RCM service can help with crucial problem-solving in the billing process, including insurance reimbursement. An action plan devised by a third-party billing service can make insurance claims smoother, easier, and more efficient. Saving valuable time and resources, your RCM provider can implement invaluable strategies to boost work performance and free your facility to focus on what really matters – improving the lives of your clients.
Overseeing Delayed Insurance Reimbursement and Aging Collections
Aging collections, or patient bills that have gone unpaid over a lengthy amount of time, can hold up the entire billing process. This can cause the efficiency of your organization to plummet as billing departments struggle to keep up with overdue payments. However, there are strategies that a billing department can use to help with unpaid bills, general profitability, and more complex claims.
A great way to help improve claims management is to apply a “digital-first” system. By properly utilizing technology to manage healthcare claims information, you can reduce hefty operating costs and make your billing information more comfortable and user-friendly for clients. Using an efficient program can also help organize your system. For example, a well-oiled and carefully documented billing department can streamline your process, making things move along efficiently.
Improving Relationships with Insurance Companies
RevWerx’s team is well-trained in dealing with the more complex communications necessary in dealing with insurance companies, including insurance reimbursement. Our clinician-focused team knows how to:
- Navigate insurance hiccups
- Improve your organization’s efficiency
- Cut down on billing processes that take valuable time away
With years of experience in the healthcare industry, we know what works and what doesn’t in communicating with insurance companies and getting claims approved.
Choose RevWerx for Your Insurance Reimbursement Needs
A mental health or substance abuse rehabilitation facility has a responsibility to focus on its clients. Unfortunately, the billing process can take valuable time away from the parts of your organization that matter the most. By partnering with RevWerx, you can get back to helping your clients and stop worrying about tracking down unpaid balances. If you’re interested in seeing what RevWerx can do for your practice, contact us by filling out our secure online form or calling us at 833.309.0138.