REVENUE CYCLE MANAGEMENT
Financial Reporting
Billing and Collection Analysis review the current and prior years metrics:
Billing and Collection Analysis review the current and prior years metrics:
IBS thoroughly analyzes and manages your revenue cycle process by offering several types and variables of financial reports. There is a vast selection of reports based on your initial selection that can be sent monthly:
100% Reconciliation with practice
Managed care adjustments and Medicare write-offs
Capitation posting for participating primary care physicians
Month-end reporting
Accounts receivable aging
Billing and Collection Analysis review the current and prior years metrics:
Billing and Collection Analysis review the current and prior years metrics:
Billing and Collection Analysis review the current and prior years metrics:
- Patient scheduling practices
- Demographic collection and insurance verification practices
- Collection Techniques
- Charge capture
- Claim filing delinquency and denial management
- A/R analysis by aging and payer class
Financial Analysis help track performance, detect trends and comparisons:
Billing and Collection Analysis review the current and prior years metrics:
Operational Analysis identify process weaknesses and make recommendations for improvement:
- Practice profitability
- Monthly charges
- Review of payer mixes
- Number of patients seen
- Net collection ratio
- Monthly services analysis
- Practice expenses
Operational Analysis identify process weaknesses and make recommendations for improvement:
Operational Analysis identify process weaknesses and make recommendations for improvement:
Operational Analysis identify process weaknesses and make recommendations for improvement:
- Review of office policies and protocols
- Coding and chart audits
- Staffing levels and requirements
- Healthcare agreements
Contract Analysis
Operational Analysis identify process weaknesses and make recommendations for improvement:
Contract Analysis
Our sophisticated modeling of your existing or proposed contracts ensures that decision makers understand the financial and operational impacts of your existing contract portfolio as well as the implications of new contracts and/or proposed changes. We work to maximize the profitability of each contract. Our services include:
- Assessment of market position
- Formulation of managed care contracting strategy
- Contract analysis and language review
- Rate benchmarking
- Development of strategy for specific contract negotiation and support