[Webinar] Best Practices in LTPAC Revenue Cycle Management

By Prime Care Tech Marketing on Thu, May 11, 2017 @ 08:28 AM

Kimberly Sturm, primeClaims Senior Project Manager, will be sharing some of the best practices from our top clients to help you get paid faster and to streamline you revenue cycle management processes.

During the webinar, we'll:

  • Explain the most common errors resulting in rejection
  • Discuss the significance of claim filing indicators
  • Explain the difference between 22X and 23X billing codes
  • Demystify 50 Shades of Medicare Secondary Payers (MSPs)

As a 25+ year veteran of LTPAC, working in both facility-based and EHR organizations, she appreciates the importance of NOT leaving cash on the table.

Register for Claims Webinar

 

Topics: Medicare claims Billing Practices billing basics revenue cycle LTC Claims claims revenue
1 min read

The 411 on Best Billing Practices

By Proclaim Partners on Fri, Aug 23, 2013 @ 10:00 AM

For some providers, billing can simply be a nightmare. Despite the countless years of experience in dealing with Medicare, insurance companies, and other claim problems, many still struggle with the complexities that go into billing. As a vital component in managing a business, it is crucial to learn some of the best billing practices which have been tested by professionals in the field.

  1. Eligibility verification – By pre-screening a resident/patient’s insurance a provider can know upfront what can be covered and what will not. This will decrease the number of denials a provider receives when filling claims.
  2. Admissions– Define a clear set of rules and follow them. These will help the patient and family to know up front how business will be conducted. Having a clear system of handling transactions allows you to save countless hours of financial reviews.
  3. Revenue cycle – Create a revenue cycle and live by it. This will help guarantee that you get paid in a timely manner. Map out each step in the billing cycle and educate all the employees involved on how to properly handle their individual roles. While an educated staff can develop these, many providers might consider it valuable to bring in an expert like an accountant to help develop this cycle.

These are just a few of the countless practices that experts have found to increase billing efficiency. For more information, contact the experts at ProClaim Partners, who can show you how to make sure your business stays productive and profitable.

Topics: Billing Practices

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