Revenue Cycle Management and updates on ICD-10 implementation

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Revenue Cycle Management with free features of PMS & EMR/EHR and updates on ICD-10 implementation by Vocis; A BBB Accredited, Practice Management Company based in Louisville KY, involved in Medical Credentialing, Billing, Collections, Transcription, Practice Marketing, Virtual Receptionist, and Practice Set up for independent NPs, PTs, and MDs.

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Revenue Cycle Management and updates on ICD-10 implementation

  1. 1. Revenue Cycle Management with free features of PMS & EMR/EHR and updates on ICD-10 implementation   VOCIS, 8442 Dixie Highway, Louisville, KY 40258 866 365 3909 | 502 638 4285 | 973 727 0444 | Web: vocisinc.com | Email: contact@vocisinc.com
  2. 2. Revenue Management Challenges Healthcare providers are facing the complexities of medical billing operations with challenges such as:  High A/R days  Low cash flows  Insufficient resources  Declining reimbursements  Lack of reporting/analytics
  3. 3. Maximize profitability - Ensure success VOCIS Medical Billing Service has decades of multi-specialty experiences in:  End-to-end revenue cycle management  Denial management and resolution  Professional services and revenue cycle assessments  Physician billing  A/R recovery
  4. 4. Our Medical Billing Services Include  Fee Schedule Review and Analysis  Patient Demographics Entry  Eligibility and Benefit Verification  Authorization Request and Tracking  Assistance with Provider Enrollment  Charge Entry – All Specialties  Electronic and Paper Claims Submission  Posting of Insurance and Patient Payments  Account Receivables  Patient Statement  Secondary Insurance Billing  Denial Review and Management  Inbound/Outbound calling  Customized management reports  Worker’s Comp and No Fault  Medical Coding
  5. 5. Accurate, reliable and faster By partnering with VOCIS and utilizing our Medical Billing Services, our clients see:  Remarkable improvements in cost to collect and payment per procedure  Significant reductions in A/R days  Decreased operational overheads and enhanced workflows  Robust analytics and reporting  Improved denial resolution  Maximized cash flows Regardless of the size of your practice, our team of certified medical billing service will enhance your cash flows, reduce your operational cost and improve your service quality. You can get back to your patients and leave all billing technicalities for us.
  6. 6. Our plan of action for ICD-10  ICD- 10 trained staff will keep the Providers and their staff up - to -date on the changes for ICD-10 implementation  ICD-10 codes imported in the billing software so that the testing can be started at the earliest with the new codes – Testing starts effective Jan 2014  Generally we accept 45-60 days in AR as quite reasonable, but we would have to be more aggressive , more goal oriented. In actual words its time to challenge the process  VOCIS plans to focus on the AR a bit early so that the denials can be captured on time and can be worked accordingly. This will fasten the payment process. Cont…
  7. 7.  AR reporting will be very crucial to manage the accounts efficiently   Daily and weekly revenue   Zero to 30 days, separated by payer Outstanding days Insurance verification for all the patients/accounts. This will ensure that the claims are billed to the right insurance and that will speed up the payment process and at the same time will reduce the denials
  8. 8. Pricing We don’t collect until you collect The pricing structure for VOCIS’s billing and coding services is straightforward, and calculated as a percentage of your organization’s monthly net collections. To the contrary, the pricing is determined by a detailed analysis of your organization’s key characteristics, finances and other data. “We charge just 4 to 8% of collected amount”
  9. 9. Who We Are  In 2000, A group of Healthcare Industry veteran talents teamed up to launch, 'Vocis', an organization with a difference, that specialized in making medical groups more competitive for today's world  Advised and owned by Physicians  A BBB Accredited; Practice Management Company based in Louisville KY, involved in Medical Credentialing, Billing, Collections, Transcription, Practice Marketing, Virtual Receptionist, and Practice Set up for independent NPs, PTs, and MDs  Successfully providing services to over 150 satisfied customers all over US  Experienced team of AAPC Certified Coders, Billing Specialists, AR Analysts, Denial Management Specialists, Quality Analysts and backed by experienced team of Software, Network and Hardware Engineers  State-Of-Art IT infrastructure center comprises of HP PCs, High speed internet leased line with assured 24/7 connectivity, Network & Server monitoring, Data Back-up & Remote storage facility and 100% power back-up
  10. 10. Contact us Sales 866 365 3909 General Information Phone – 502 638 4285 Web – vocisinc.com Email – contact@vocisinc.com

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