Join Glenn Krauss to deepen your understanding of CDI’s role in the revenue cycle and learn practical strategies to apply these insights into daily work
Denial management in healthcare continues to be a challenge—in part because the traditional way of working denials is time-consuming, costly, and prone to error. Denials eat up as much as 3-5% of provider revenue, and according to some projections denial rates trend as high as 20%.
In this ebook, we’ll cover various strategies for slashing your denial rate such as catching claims that will be denied, zoning in on remits and EOBs and more!
The point of managing your revenue cycle isn’t just to improve revenue and cash flow. It’s to do those things effectively by consistently following best practices— while spending as little time, money, and energy on them as possible.
After all, your primary mission as a practice or healthcare organization isn’t to collect and manage money. You aren’t a bank or a collection agency. Your mission is to provide quality healthcare to your patients, and your RCM activities are supposed to support that mission, not compete with it.
Remember, every unnecessary hour and dollar—and every needless worry and concern—your organization spends on RCM is money, time, and attention that could otherwise be spent on caring for your patients. To learn more about how to focus less on RCM while improving results download our eBook!
Denial management in healthcare continues to be a challenge for providers—in part because the traditional way of working denials is time-consuming, costly, and prone to error. ICD-10 sparked additional denial management-related worries in October of 2015, based on projections that denial rates might increase 100%-200%. Ultimately that didn’t occur (though the CMS grace period may have been an influencing factor)—but nonetheless, denials continue to eat up as much as 3-5% of provider revenue, and according to some projections denial rates for providers trend as high as 20%.
Getting paid what your physician deserves—that’s the goal of every biller. Yet even for the best billers, achieving that success can be elusive when denials stand in the way of success, presenting challenges at every turn. Denials aren’t going away, but you can learn techniques to manage and even prevent them.
Baptist Health is the largest not-for- profit health system in Kentucky, with seven hospitals, over 250 outpatient facilities, and a comprehensive physician network. Its affiliate, Baptist Health Medical Group (BHMG), brings together over 800 of Baptist Health’s providers into one physician-led multi-speciality network.
Read how ZirMed solutions helped Baptist Health save over $250k annually in recurring operating costs, improve first-pass clean-claims rate by 13%, and more!
Join national healthcare consultant and best-selling author Deborah Walker Keegan, PhD, FACMPE for a webinar on how to measure and structure a model that strengthens your revenue cycle performance and maximizes the ability of staff to positively impact the bottom line
In this webinar, Kittie Smith of Baptist Health Medical Group will share strategies, solutions, and actionable advice on leveraging front- and back-office technology to create a more transparent revenue cycle. She’ll also discuss the results they’ve achieved—including a 2.3X increase in patient collections.
Join ZirMed Product Manager Jay Garmon and Knoxville Orthopaedic Surgery Center’s Teresa Copeland for an in-depth look into ZirMed applications applications that will help you, accommodate the ever-rising amount of patient self-pay, accurately estimate total patient financial responsibility up front—then collect it before you provide service, quickly and easily set up automated payment plans for patients who can’t pay their full responsibility immediately, and collect post-visit patient payments more easily and reduce bad-debt write offs
In this webinar, Betsy Nicoletti will enable participants to, assess the adequacy of claim submission tools currently used in their practice, describe key indicators in denial reports that show exactly where and how they can get “the most bang for their buck” through process improvements, identify payment variance between the amount paid on a claim and the amount owed under the appropriate payer contract
How Bariatric Medical Institute of TX reduced denial rates, cut AR days, and increased clean claims rates by using ZirMed.
Read how ZirMed solutions helped Naugatuck Valley Radiology collect more money up front, streamline claims submissions, and more!
Denials are expected to surge after ICD-10 goes live in less than two months. That makes it crucial to get your denial management strategy ready for action before October 1. Join speaker Elizabeth W. Woodcock, MBA, FACMPE, CPC for an energetic program dedicated to ensuring that your practice is prepared for the inevitable.
Manual processing of workers’ compensation and auto claims is slow, time-consuming, frustrating—and expensive. Workers’ Compensation rules make it harder to streamline your workflow across insurance lines when you’re using paper. Paper billing negatively impacts your cash flow due to receivable delays. And manual processing costs are typically 55% higher than electronic costs.
That’s why filing electronically can result in an average yearly saving of $23,126 per physician.
Read how Pediatric Associates streamlined front and back-office operations, reduced AR days to <16 and nearly eliminated claims rejections by partnering with ZirMed and TriMed Technologies.
Read about how ATS Medical Services and Staffing was able to increase their average net receipt for ambulance transport from $265 to $301, reduce billing lag time, and achieve a 99.4% claim rate with ZirMed’s solutions.
Once an insurance company denies payment on your claim, you have two choices: write it off—or fight to get paid! While we don’t recommend getting into a fistfight, debating a payment decision is like preparing for battle.
Join practice management expert Elizabeth W. Woodcock, MBA, FACMPE, CPC, to:
Discover proven techniques to effectively appeal denied claims
Recognize strategies to ensure that denials get reversed
Determine best practice staffing techniques for appeal management
Ensure that you get paid what you deserve!
Company Adds to its Proven Denials Management Technology to Deliver a Comprehensive Solution that Enables Healthcare Organizations of All Sizes to Prevent and Recover Denials Louisville, KY – June 22, 2015 – (HFMA ANI Booth #417) – ZirMed®, the premier cloud-based enterprise financial and clinical performance management provider for healthcare, today unveiled it is launching […]
Read about how Winter Haven Ambulatory Surgical Center was able to boost payments while reducing A/R days, reduce billing costs and improve patient satisfaction with ZirMed’s solutions.
Read about how Universal Software Solutions, Inc was able to leverage ZiMed’s RCM solutions to seamlessly integrate with their own products, and reduce time clients spent on claims by 50%.
How Lucile Packard Children’s Hospital Stanford increased payments received within 45 days by 20% and reduced paper submission claims by 70% by using ZirMed solutions.
How CCA Medical improved client satisfaction, increased client retention and customized solutions for clients by using ZirMed.
Emergency Mobile Health Care (EMHC) was founded to be and remains an exclusively locally owned and operated emergency medical service organization; today EMHC serves a population of more than a million people in and around Memphis, answering 75,000 calls each year.
Mid-winter is a great time to conduct CPR on your revenue cycle. Join national consultant and popular speaker Deborah Walker Keegan, PhD, as she shares best practices in each key step of the revenue cycle so you can collect every cent that is due to your practice.
How Pediatric Associates streamlined front- and back-office operations and staffing, accelerated and increased patient collections, reduced average AR days to <16, and nearly eliminated claims rejections.
RCM expert Elizabeth Woodcock shares strategies, tactics, and tips for improving your financial performance in this information-packed recorded one-hour webinar. Watch it today and start optimizing your revenue cycle for full reimbursement and fewer AR days.
A tidal wave of economic change is gaining strength—and it’s a wave your practice needs to catch, not get caught up in. Listen as revenue cycle management expert Elizabeth Woodcock, MBA, FACMPE, CPC, explains what’s driving the challenges that medical practices like yours face today—and what’s behind the changes you’ll face in the not-too-distant future.
Save time and money—ZirMed makes electronic filing of workers’ compensation and auto claims attachments easier and more powerful than ever before.
The more efficient your claims processing, the faster you get paid. Boost payments while reducing AR days, headaches, and time spent on claims.
Take your claims processing workflow to the next level, with a user-friendly interface, streamlined navigation, and easy-to-set-up workgroups for greater focus and productivity.
“Another company promised us the same capabilities at a lower price. They couldn’t deliver on that promise. A month after we switched, we came back to ZirMed.”
Accurate coding is critical to getting paid quickly and fully—and it never ceases to be challenging.
Within the next two years, the US Department of Treasury forecasts that 14 million HSA policies will cover approximately 25-30 million Americans. Included in this whitepaper are implications of increasing patient responsibility, collections best practices, and collections and internal control solutions.
ZirMed’s Workers’ Compensation Attachment WorkCenter standardizes the submission workflow—regardless of claim type or state submission requirements.
ZirMed’s Claims Management solutions help healthcare practices like yours close the payment efficiency gap quickly and cost-effectively.
Our revenue cycle management tools stand out because they’re all data-connected—every time one of the tens of thousands of users on our network gets a remit or their patient makes a payment, we learn a little bit more about how to optimize payer reimbursement and patient payment, and that knowledge is immediately put to work for every one of our clients.
Automated systems that streamline processes, increase accuracy, analyze performance and simplify payment procedures can lessen business maladies and put clinics on the road to a strong, healthy recovery.
OptiMed, a growing medical billing company, needed a dramatically more efficient solution to help manage their revenue cycle.
Integrated Rehabilitation Group’s (IRG) relentless growth placed a heavy strain on most aspects of the group’s business practices, including the manual processing of claims. IRG needed a partner who could reduce the paper clogging IRG’s workflows.