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…
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…
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…
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…
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,…
Offering comprehensive care to your patients while maintaining an efficient billing system can be a challenge. Processing patients’ insurance is often especially difficult. A single data entry error can result in weeks of delays to payment. Fortunately, at RevWerx, we’re here to help you with every step of your revenue cycle management. It all starts…
A patient comes into your office. Your front desk staff verifies their insurance and then sends them back for their appointment. A few weeks later, the patient receives their bill and calls your office furious. Their financial responsibility has come as a complete shock. If this series of events sounds unpleasantly familiar, you’re not alone.…
Mental health billing can be frustrating to navigate when compared to other medical billing. From the preauthorizations, unique range of services offered, and accounting needed, it may seem like you’re at more of a disadvantage than practitioners in other fields. If your business seems to face extra difficulty getting claims honored, know that this is…
If you run a healthcare practice, remaining financially viable should be a top priority. An economically sound practice will allow you to provide your patients with the best possible care and treatment and invest in future growth. A significant contribution to the financial health of practices today is implementing revenue cycle management (RCM). Revenue cycle…
Utilization review, or the process of reviewing an episode of care, is often necessary to justify charges and payments to an insurance company and can also be valuable in determining the best course of action to care for a patient. Encouraging complete documentation and oversight is paramount to running a successful practice. The system of…
