Revenue cycle management infographic - Vee Technologies

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Revenue cycle management Vee Technologies infographic

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Revenue cycle management infographic - Vee Technologies

  1. 1. 24x7 Vee Technologies Competitors 1 500+ years of Collective experience - RCM services Only 5% competitors match Vee's experience 2 Every customer is a valued customer irrespective of size. 3 1. Exhaustive database of AR Scenarios enables Vee's team better seggregation of accounts for quick collections. 2. This reduces follow up time with Insurance Carriers and expedites reimbursements. 1. AR Analysis and Follow up typically done during on-site business hours. 4 Daily / Weekly / Monthly / Quarterly Reporting 5 Complete Visibility into Operations - 24X7 8 Scalability of Operations 1. Vee Technologies owns an Unversity which serves ready pool of talent. 2. This present no constraints on scalability of operations 1. Entirely dependent on resources from market and competitors. 2. This imposes constraints on scalability of operations 9 Coding School 1. Vee Technologies owns a Coding school attached to university with AHIMA & AAPC curriculums. 2. This present no constraints on scalability of operations in view of ICD-10 migrations. 1. Entirely dependent on resources from market and competitors. 2. This imposes constraints on scalability of operations 10 Quaility / Compliance Quaility Management System in compliance with ISO9001:2008 standards. Processes defined as per six sigma principles Very few match Vee's capabilities Training Independent function in the Organization 1. Entry level Training Programs 2. Refresher programs for Skill enhancement 3. Stringent Evaluation methods 4. Continuing Education sessions based on HFMA & HBMA courses 12 Service Accountability 1. Each team member is accountable to the delivery as per and above the service levels. 2. Accountability established via - performance linked compensation 3. This controls attrition and knowledge drain - 13% attrition rate as compared to current industry standard which is in the range of 22-25% 1. Very few follows this methods. However not observed to be successful in maintaining the same. 2. Results in higher attrition rates [Analysis performed during off-shore day time and follow up done duringon-site business hours - real 24x7 service to Vee's customers] Account specific dedicated teams 1 Account specific dedicated SPOC 2 Engagement of On-site - Off-shore model for prompt and better services3 Maximum response time to client queries - 30 min4 Vee Technologies Competitors 1 Priorities set as per revenues. 2 Resoruces shared across different accounts. 3 Not strong On-site support. Vee Technologies Competitors $$ Daily / Weekly / Monthly / Quarterly Reporting Vee Technologies Competitors 1 Vee's workflow management system depicts work status even to its customers. 2 Client representatives can view real time status through secured access provided to Vee's workflow solution. Vee Technologies Competitors Only 5% competitors match Vee's experience 6 First off-shore HIPAA Certified organization. Present as HIPAA Compliant but are not certified 7 Vee has its strict internal billing compliance plan as per the requirements of OIG for third party billing companies. Vee team bonded by this compliance plan Disciplinary actions initiated for non-adherance Very few have internal compliance plan for billing. Lack of awareness in OIG requirements COMPLIANCEPLAN 2 1 3 2 1 Vee Technologies Competitors www.veetechnologies.com ISO 11 Function attached to Operations for most of the competitors. Very few have continuing education sessions based on HFMA & HBMA courses 3:10

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