You can fast become overwhelmed by the buildup of cases posed by insurance denials and reimbursement issues, leaving less time to oversee facility operations and improve patient care
Going It AlonevsPartnering With LTC
We’ll step into the shoes of the business office and deftly manage finances, credentialing and billing-related tasks efficiently, using a potent combination of manpower and expertise.
When you find yourself struggling to manage the business office, finances and credentialing, and the daily billing -related tasks efficiently, it limits your ability to focus on other areas of growth.
With four finance-related divisions under one roof, we give clients the freedom to choose the services they need, allowing them to focus on running day-to-day facility operations and improving patient care.
It’s difficult for a facility to manage the billing, accounts receivables, revenue collections, accounts payable, cash management, and financial reporting – while juggling myriads of other responsibilities
Our offsite, centralized business office assumes complete responsibility for billing, accounts receivable, revenue collections, accounts payable, cash management, and financial reporting.
Slower Claims Process
The constantly changing, continuously evolving HMO and Medicaid requirements mean there’s a greater chance for costly errors, delays and denials to happen.
Faster Claims Process
An intimate knowledge of constantly changing HMO requirements, payer sources and regulations prevents deficiencies in reimbursements and cuts time-consuming delays out of the billing process.
Sluggish Cash Flow
Delays with claims translate into less money in the bank, making it harder to balance your books, collect funds and operate smoothly.
Improved Cash Flow
Accurate HMO billing and a speedier processing configuration allows for swift disbursement of funds and faster payment timeframes, with monthly reports for direct hands-on oversight.
Unless your billing team is always looking ahead of the curve, frequently updating the process, and attending ongoing training courses, there will inevitably be a higher rate of claims denials.
We possess operational structures, task lists and internal systems to make certain that all outgoing claims go through smoothly, without any issues or delays
Your billing department can get overwhelmed and backlogged on outstanding A/R balances, leading to a total breakdown of the reimbursement process
Higher Collections Percentage
Our impressive track record of recovering balances speaks for itself, with an average collections rate of 99% for all clients
To maximize revenues, you’ll need customized software to accurately monitor patient coverage, identify potential payer source challenges, and generate updated billing codes.
Our tracking system monitors patient reimbursements for constant case monitoring, generates an analysis of procedures, identifies payer source challenges, and helps us react accordingly
Many billing departments having difficulty coping with the workload would benefit greatly from working hand-in-hand with an offsite, on-board team to tackle all finance-related issues.
Bringing in our Team
Our team works hand-in-hand with clients on the setup,structuring and workflow, spanning the full gamut of billing office and finance-related issues.
Modern facilities across the USA are still using the same one-size fits-all systems and processes that they started out with, which are steadily decreasing revenue expectations and hampering growth.
We use a proven system and departmentalized management structure to create custom solutions and work around the needs of every client, helping facilities exceed revenue expectations.