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• Insurance Card & ID Scanning Verify Identity Reference for Clarity

Tools of the Trade

Utilizing Technology to Improve Your Revenue Cycle

©2013 Nuesoft Technologies Inc Utilizing Technology to Improve Your Revenue Cycle | 2

Cara Buckhaulter,CPCBilling Services Account ManagerNuesoft James Veccie

RCM Account ManagerNuesoft

Tools of the Trade

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• Insurance Card & ID Scanning Verify Identity Reference for Clarity

Tools of the Trade

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• Insurance Card & ID Scanning Verify Identity Reference for Clarity

Tools of the Trade

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• Electronic Eligibility Checking

Establish Coverage Co-Pay Collection Deductible Verify where the claim should be sent

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Tools of the Trade

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• Claims Scrubbing

First Line of Defense against Rejections Multi-layer approach NCCI Edits Custom Internal Edits

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• Insurance Card & ID Scanning Verify Identity Reference for Clarity

Tools of the Trade

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• E-Claims Submission

90% adoption rate, new standard Worker’s comp. and liability insurance

now more widely available Importance of Payer ID #’s

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Tools of the Trade

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Tools of the Trade

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• Claims Log Review

Important to ensure correct receipt of claims

Multiple logs allow you to track the status of claims on an ongoing basis

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Tools of the Trade

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• Electronic Claims Status Inquiry Check on status at the click of a button More payers implementing this every day

Tools of the Trade

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• ERAs (Electronic EOBs)

More payers offering service daily Eliminates need for paper Digital results means easy data capture Easy to review and make changes on receipt Correct and resubmit rejected claims simply Beware auto-posting software

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Tools of the Trade

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• Unique Digital Fee Schedules Easy Reference Accuracy Ensured No lost revenue

Tools of the Trade

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• E-Statements Management Easy to keep track of patients sent statements

Eases burden of paper mail on your staff Digitizes a paper process

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Tools of the Trade

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• Real-Time Reporting

All digital information, more accurate reports Robust reporting is important to both businesses In-software reporting saves time Filter data on-demand to get the full picture Provide transparency to both practice and biller

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Questions?

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