Strategic Management of Deductibles, Allowables, Coinsurance, and Out-of-Pocket Maximums

Billing Process

Enhancing Financial Performance in Healthcare Facilities  For healthcare facility owners, navigating the complexities of financial operations is paramount to sustaining profitability while delivering quality care. A nuanced understanding of financial mechanisms such as deductibles, allowables, coinsurance, and out-of-pocket maximums is essential. Collaborating with specialized billing companies like RevWerx RCM can significantly enhance a facility’s revenue…

Understanding VOB in Medical Billing

Billing Process, Claims Management Services, Healthcare Consulting, Insurance Reimbursement, Treatment Coverage, Verification of Benefits

Handling healthcare claims and getting insurance companies to accurately disburse payments is a process that begins with verification of benefits (VOB). This first and crucial step in claims management involves more than simply co-pays and deductibles. Finding people who have experience with payer benefit systems can help round out your team, so you don’t have…

Everything You Should Know About Healthcare Claim Management

Billing Process, Claims Management Services, Healthcare Consulting, Healthcare RCM, In-House Billing, Insurance Reimbursement

For any healthcare company, management of billing and medical claims can be a source of stress. These claims, however, can also be a great source of data for healthcare providers. They can provide insights into diagnoses and procedures, referral patterns, and more. With an advanced understanding of medical claims management, a healthcare billing provider can…

Top Advantages of a Behavioral Health Billing Company

Behavioral Health, Billing Process, Claims Management Services, Healthcare Consulting, Healthcare RCM, In-House Billing, Insurance Reimbursement

Operating a behavioral health company can be challenging for newcomers to the industry and veteran businesses alike. However, dealing with billing and insurance companies doesn’t have to be so difficult for behavioral health businesses. Finding a consulting service that can provide qualified in-house billing implementation services can offer peace of mind. At RevWerx, we understand…

Signs Your Healthcare Company Needs a Consulting Provider

Billing Process, Claims Management Services, Healthcare Consulting, Healthcare RCM, Mental Health Consulting

For business owners, it is a good idea to work with people who have been in your shoes and understand what your business needs. Getting a business up and running smoothly, and maintaining efficiency, can require a lot of time and energy. For behavioral and addiction treatment centers, this time and energy can be precious…

What Can You Get from Collections Consulting Services?

Aging Collections, Billing Process, Claims Management Services, Healthcare Consulting, Insurance Reimbursement

With so many detox and rehab centers opening up in the last decade, more people have access to the support they need to recover from addiction. Although this is good for those seeking treatment, many small companies struggle to keep up with the demand. Dealing with billing and healthcare insurance can give anyone a headache,…

What to Do When an Insurance Claim Is Delayed

Aging Collections, Billing Process, Insurance Reimbursement, Treatment Coverage

Having an up-to-date system in place to manage delayed claims is more important than ever to maintain the profitability and viability of your practice. Denied claims and delayed claims have drastically increased in recent years, which hurts the healthcare industry overall. Behavioral health counselors and their practices are particularly vulnerable to delayed claims due to…