Having confidence that you are collecting the revenue you are owed quickly and efficiently, allows you to dedicate more time to other priorities – like finding growth opportunities and enhancing patient care. Prioritize these three key strategies to optimize your center’s Revenue Cycle Management.
An efficient Transcription service allows your ASC to expedite the claim submission and reimbursement process. It’s important for your center to partner with a transcription company that can turn around error-free reports quickly. With MedTek’s solution, once the dictation is received, the report is transcribed, coded and ready for billing.
Clean claims – those submitted with complete documentation and without any errors – are central to a healthy revenue cycle. Delays and denials occur when you include information that is incomplete, incorrect, or illegible.
Double-check common claim errors, such as: date and location of service, health care provider, codes & modifiers, and prior authorization information. Ensure that you are up to date with all of the most recent payer policies and state & federal guidelines. It can be easy to lose track of your ASC’s many in-progress claims, so it is critical to have a system that helps you organize, track, and follow up on pending claims throughout the revenue cycle.
Billing is a complicated process that requires exceptional attention to detail and relentless follow up to ensure revenue is collected. Many ASCs outsource their billing and overall Revenue Cycle Management because of this complexity. MedTek’s certified billing experts provide the highest rates of accuracy; limiting denials, increasing first pass rates and ensuring all revenue is collected. Our billing services integrate with our transcription and coding solutions, and claims can be submitted as quickly as 48 hours after the procedure.
Double-check common claim errors, such as: date and location of service, health care provider, codes & modifiers, and prior authorization information. Ensure that you are up to date with all of the most recent payer policies and state & federal guidelines. It can be easy to lose track of your ASC’s many in-progress claims, so it is critical to have a system that helps you organize, track, and follow up on pending claims throughout the revenue cycle.