Every Practice and medical coding and billing company is at some sort of war when it comes to AR and denial management of their Revenue Cycle management. The constant need to prevent claims from piling up in the AR is a challenge that even the big players in the industry face. This is because AR follow-up is the toughest in the Revenue cycle management process. AR follow-up is a B2B interaction, it involves transaction(s) resolutions relating to reimbursements over the phone. This calls for usually dealing with fortune 100 companies with budgets for process and technology that are hundreds of times more than what the provider can access.
Traditional measures for success of this process were in terms of turnaround time, the number of claims touched/worked, and process adherence. Reimburssence seeks to change these legacy approaches by measuring outcomes and impact, like claims resolutions, collections, and unpaid closures.
This is a global problem. There are other transactional issues as well,
Quintessence believes that a success of a solution is in the numbers. Here are some true facts and figures of one of our clients who have implemented Reimburssence in their Revenue Cycle Management process.
The wow factor to any intelligence lies in its ability to resolve multiple issues with a single solution and that’s what Reimburssence is all about.
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