Importance of ICD 10 Billing software


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We are now moving towards to a phase where we demand accuracy, precision, and new technology to its best. Be it any aspect of any industry we demand just the best. Same is the case with medical institution, apart from everything being technologically spelled; there is still scope for better.

That betterment which medical industry is eligible to bring in it is the ICD 10 implementation. ICD 10 which is the new medical billing software will help medical institute grow immensely.

ICD 10 Implementation serves numerous benefits to health care professionals in various areas like

  • Quality Measurement,
  • Relationship Opportunities
  • Clinical Coding,
  • Monitoring,
  • Information Technology
  • Performance,
  • Reimbursement

Implementing ICD 10 will be a big investment for the medical health care centers as ICD 10 not only will ensure best results for the centers but the patients as well. The implementation at the end will give quality assurance about along with enhancement of health care centers. ICD 10 implementation will strengthen the health care centers along with assessing and monitoring patient’s health and safety.

Finally, ICD 10 codes Implementation helps in assessing and monitoring of patient safety while ensuring that third party coding and billing guidelines are complied with so that the overall efficiency levels of health care providers is enhanced

AccuretRCM is working its best to implemented ICD 10 for the betterment of medical industry in every way possible. Through this service they wish to facilitate every patient along with the staff the best service.

 

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Significance of RCM Services for Business Growth


AccuretRCM
AccuretRCM

The market for services of Revenue Cycle Management or RCM has been generated due to the growing demand of efficient accounts receivables management in the field of medical practices. There are some main key components of RCM which are important for bringing the flow of income in the field of medical practice to ensure the growth of business. Some of them are:

Verification of the insurance of the patient

This is being verified by the front desk at the time when the patient wants an appointment. The limit of the insurance coverage and the co-pay amounts is being requested at the check-in of the patient.

Submission of the claim

The claim for the insurance with fitting codes for treatment procedure is then submitted to the best possible payer electronically by means of built up norms of submission. If any error is found in claim preparation then it is corrected at the earliest.

Processing of payment

After paying the claims a remittance advice is being sent by the insurance company which allows the billers to post the payment electronically and the further balances are owed to the patient or to a secondary insurance claim if any.

Accounts Receivable Follow-Up

This is one of the main key to the effective receivables management where the provider alert the billing office to denied claims, partial payments, and also the claims which are not being paid despite of the error free nature.

Once all insurance payments have been tracked and applied to the claim balance, remaining balances are billed to the patient by statement printing on immediate basis. Here the phone calls and the letters are sent and remain continued till the payment is made.

AccuretRCM is one of the best RCM service providers which ensure the growth of your business through the effective utilization of this service.