Revenue Cycle Management
Collection of payment for home health and hospice services can be a challenge. Trusting your revenue cycle to anything less than the best can put your agency at risk.
Partnering with HealthCare Strategies gives you access to a team of exceptional professionals with over a decade of billing experience. Our collections team understands the complexities of the homecare and hospice revenue cycle and what it takes to get your claims processed correctly.
Accurate use of your agency software and our expert knowledge of your business is key to successful billing and timely collections.
Features:
HCS will work with your agency to customize a billing and collections plan to collect the most reimbursement the quickest.
HCS offers experienced billers, IT specialists, clinical experts, financial managers and CPAs to partner toward your agency’s financial success.
HCS has the capability to bill all payers including Medicare, Medicare Advantage episodic and per visit, all Medicaid programs, BlueCross and other commercial payers, Veterans Administration, and Self Pay.
HCS Revenue Cycle Management service provides:
Timely processing of remittances by posting and reconciling
Following up on denials and incorrect payments
Secondary and patient billing to collect deductibles and coinsurance amounts
Tracking ADRs and medical record reviews
Filing and managing appeals
Attention to detail at every step of the Revenue Cycle
Benefits:
Improved cash flow
Lower aged accounts receivable with fewer write-offs and bad debt
Reduced stress on agency management by removing the burden of revenue cycle oversight
Experienced with multiple software platforms to ensure your billing system is used to its fullest capabilities
Less downtime created by employee turnover and time off
Improved statistical and financial reporting through HCS customized month end reporting packages
“Seriously, had it not been for HealthCare Strategies, we would have gone out of business. The software and billing services are great and the support is unbelievable.”
— Deena, Dale Medical Home Health and Hospice