Streamline your Hospital Billing process at INFALLIBILL!
WE VALUE CASE STUDIES
HOSPITAL BILLING IS AND HAS ALWAYS BEEN A MAJOR DILEMA, with payers paying out at sometimes 10% or less of claims and taking 90-120 days to pay, we can take care of the entire cycle including the following:
- • Pre-admission procedures
- • Coding of data
- • Data entry of patient information during admission
- • Billing statements generation
- • Accounts receivables management
- • Claims follow up, approvals and denials
- • Hospital billing collection services
- • Collections and reporting
- • Infallibill works with almost all portals and software
- • Timely billing of accounts
- • Billing status reports
- • Structured processes
- • Ratio of collection increased
- • Increased reimbursements
- • immediate savings.
Why Emergency Centers and Hospitals just do not get reimbursed properly
Harvard Business studies prove that approximately 80 percent of hospital medical bills have neglect and contain multiple errors. Insurance companies need efficiency and correct information on medical billing and codes their forms are not read just by humans and therefore need to be filed and filled out correctly. The slightest error automatically deem a mandatory claim rejection trigger.
Failure to Comply
Coding and insurance agendas are ever evolving and becoming more complex daily. Due to this dilemma, hospital staff and administrators are required to use their time and resources on:
- • Solutions
- • Education
- • Staff Training
- • Revenue cycle management and data analysis
- • Updated software
As everyone is aware the Affordable Care Act (ACA) caused massive updates and major regulatory changes to medical billing procedures for hospitals. Correct medical coding is and should be the number one objective this year for your hospital’s bottom line.
INFALLIBILL CASE STUDY FOR DMP HEALTH CORP
An eleven location acute care hospital system had nine internal assessments of their costs for billing patients, and found that they needed to look at other alternatives methods for billing as they nearly were put out of business in 2016. They asked INFALLIBILL to look at the A/R and process that another billing group was using to collect claims.
Our Medical Billing Solution for this Hospital group
INFALLIBILL was hired to manage the pay to patient portion for this group. INFALLIBILL took on the task of education and scripting for their back office, INFALLIBILL made the phone contacts and mailed out all of the patient bills, and Infallibill’s team then connected back with patients all of the patients. The charity care act was also reenacted and that resulted in multiple referrals to say it was an absolute success would be an understatement generating almost 80% of what would have been lost revenue and gaining 10’s of 1000’s of dollars in new business along the way.We are able to increase the monthly patient payments by 30%, which resulted in an additional $400K annually for the hospital.
Repeatable excellence we do this day after day with multi tiered hospital groups. We have a birds eye perspective in a multi lensed niche and can help your group come out unscathed.