Revenue Cycle Management India - Ascent Business Solutions
Ascent can handle virtually all aspects of the Revenue Cycle Management process. At Ascent, We can do your work either by function, or you can trust us to effectively handle the end-to-end revenue cycle management of your billing company, on your software platform!
Revenue cycle management solutions from Ascent Business Solutions
Here is a brief overview of how we approach hospital revenue cycle management:
• Pre-admission and pre-registration processes including insurance verification
• Patient admission/registration and patient stay management
• Clinical documentation
• Charge capture
• Medical coding, patient health information entry and management
• Medical billing
• Claims review, approval and denial along with insurance company relations management
• Patient accounts management
• Constant follow up for outstanding payments/accounts receivable
• Review of reasons for non payment and corrective measures adopted for better revenue realization
Charge Posting
The first step in a clean claim is to make certain that the demographic information has been entered into the system correctly. This process involves collecting patient demographics from clinics and hospitals. Our team is trained to process, verify, and validate demographic information into the billing system.
Eligibility Verification
We have a highly trained staff that performs eligibility verification of benefits in order to avoid delays or errors in insurance coverage. Then the team verifies coverage on any primary or secondary payers by utilizing payer websites, automated voice response systems, or by making phone calls to payers. We also offer real-time pre-authorization services for walk-in patients.
Medical Coding
Our team of expert medical coders then starts to abstract and assign the appropriate coding on your claims. They assign the appropriate CPT, ICD-9, and HCPCS codes in order to facilitate accurate claim submission downstream in the process.
Claim Submission & Clearinghouse Denials
Once all the charges are posted into the system, we submit your electronic claims to the respective payers (including HCFA 1500 claims). We work on all your clearinghouse denials and give proper feedback with suggestions to reduce the number of claims that do not pass the clearinghouse. A detailed report will be sent to you on a daily, weekly, monthly, and yearly basis.
Payment Posting & Payment Reconciliation
Insurance payments are posted to patient accounts from EOB’s into the client’s software systems, with a turn-around-time between 24-48 hours. We also generate secondary claims and mail them to the correct insurance companies. Daily payments are posted into the system where they are reconciled with the bank’s deposit sheet on a daily basis.
Denial and Accounts Receivable Management
Using our proactive approach to handling denials, we can improve your â€Å"days in AR†substantially. All the denials are segregated and forwarded to our denial management team for prompt resolution. The team then measures, monitors, analyzes, and resolves all the denials received from each payer.
Besides, all our processes are HIPAA compliant proven thus negate even the least of chance for discrepancy in our revenue cycle management solutions. We also understand that different clients have unique needs and requirements, and thus we provide customized, end- to- end revenue cycle management solutions to cater to the distinctive needs of our distinguished clients.
Ascent Business Solutions
Find out how Ascent Business Solutions Revenue Cycle Management India can help your business to build stronger relationships, realize greater efficiencies, and increase profitability.
Request a Quote for Medical Transcription Services
Visit: [http://www.ascent-group.com/]
Email Us: info@ascent-group.com
Corporate Office
US Office
101 Eisenhower Parkway, Suite 300
Roseland, NJ - 07039 USA.
Ph: +1-888-552-0860
Fax: +1- 203- 286- 2274
INDIA Office
22, IT Park, Opp. VNIT Campus,
South Ambazari Road,
Nagpur-440022 INDIA.
Ph: +91- 712-2222732, 2222733
Fax: +91- 712-2222734
Revenue cycle management solutions from Ascent Business Solutions
Here is a brief overview of how we approach hospital revenue cycle management:
• Pre-admission and pre-registration processes including insurance verification
• Patient admission/registration and patient stay management
• Clinical documentation
• Charge capture
• Medical coding, patient health information entry and management
• Medical billing
• Claims review, approval and denial along with insurance company relations management
• Patient accounts management
• Constant follow up for outstanding payments/accounts receivable
• Review of reasons for non payment and corrective measures adopted for better revenue realization
Charge Posting
The first step in a clean claim is to make certain that the demographic information has been entered into the system correctly. This process involves collecting patient demographics from clinics and hospitals. Our team is trained to process, verify, and validate demographic information into the billing system.
Eligibility Verification
We have a highly trained staff that performs eligibility verification of benefits in order to avoid delays or errors in insurance coverage. Then the team verifies coverage on any primary or secondary payers by utilizing payer websites, automated voice response systems, or by making phone calls to payers. We also offer real-time pre-authorization services for walk-in patients.
Medical Coding
Our team of expert medical coders then starts to abstract and assign the appropriate coding on your claims. They assign the appropriate CPT, ICD-9, and HCPCS codes in order to facilitate accurate claim submission downstream in the process.
Claim Submission & Clearinghouse Denials
Once all the charges are posted into the system, we submit your electronic claims to the respective payers (including HCFA 1500 claims). We work on all your clearinghouse denials and give proper feedback with suggestions to reduce the number of claims that do not pass the clearinghouse. A detailed report will be sent to you on a daily, weekly, monthly, and yearly basis.
Payment Posting & Payment Reconciliation
Insurance payments are posted to patient accounts from EOB’s into the client’s software systems, with a turn-around-time between 24-48 hours. We also generate secondary claims and mail them to the correct insurance companies. Daily payments are posted into the system where they are reconciled with the bank’s deposit sheet on a daily basis.
Denial and Accounts Receivable Management
Using our proactive approach to handling denials, we can improve your â€Å"days in AR†substantially. All the denials are segregated and forwarded to our denial management team for prompt resolution. The team then measures, monitors, analyzes, and resolves all the denials received from each payer.
Besides, all our processes are HIPAA compliant proven thus negate even the least of chance for discrepancy in our revenue cycle management solutions. We also understand that different clients have unique needs and requirements, and thus we provide customized, end- to- end revenue cycle management solutions to cater to the distinctive needs of our distinguished clients.
Ascent Business Solutions
Find out how Ascent Business Solutions Revenue Cycle Management India can help your business to build stronger relationships, realize greater efficiencies, and increase profitability.
Request a Quote for Medical Transcription Services
Visit: [http://www.ascent-group.com/]
Email Us: info@ascent-group.com
Corporate Office
US Office
101 Eisenhower Parkway, Suite 300
Roseland, NJ - 07039 USA.
Ph: +1-888-552-0860
Fax: +1- 203- 286- 2274
INDIA Office
22, IT Park, Opp. VNIT Campus,
South Ambazari Road,
Nagpur-440022 INDIA.
Ph: +91- 712-2222732, 2222733
Fax: +91- 712-2222734
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