Optimizing Revenue Cycle
Navigating Compliance and Regulatory Challenges
Fast & reliable
- In today's demanding economic environment, can you afford the financial setbacks caused by insufficient billing procedures?
- Traditional office procedures consume over 2,000 hours annually in insurance and collection tasks alone.
- NBCM helps you in optimizing efficiency and precision with fully automated, instantaneous claim coding and electronic submission.
- NBCM oversees every stage of your insurance claims' lifecycle
- Our adept professionals conduct daily followups, ensuring optimal outcomes, and freeing your team to concentrate on strategic expansion.
Submissions
Follow-up
Re-imbursements
Reverifications
Secondary/Tertiary Filings
Coverage Adjustments
Resolving Underpayments/ Overpayments
Patient Billing
Collections Management
Insurance Processing for both new and existing patients
Time, Resources and Expertise for efficient Management
Overall comprehensive billing services to eliminate inefficiencies and maximize revenue
Managing all the above aspects ensures that you can
remain laser-focused on taking care of your patients and
growing the practice
High Denial Rates
We conduct root cause analysis to identify common denial reasons for new prospects. Implement targeted interventions such as staff training on targeted coding’s for coding accuracy, implement an improved documentation practice, and conduct regular audits to ensure compliance with payer guidelines.
Inefficient Follow-up Procedures
We develop standardized follow-up procedures for unpaid or denied claims. Prioritize accounts based on aging and dollar value and assign dedicated staff or teams to handle follow-up activities. Utilize a denial management tool to track and manage follow-up efforts and establish escalation protocols for unresolved issues.
Complex Payer Requirements
NBCM strives to stay informed about payer-specific requirements and changes in reimbursement policies. Develop strong relationships with payers and establish open lines of communication to clarify coding, billing, and documentation guidelines. Implement regular payer audits to ensure compliance with contractual obligations and identify opportunities for revenue optimization.
