The last 10 years has seen explosive growth in healthcare technology as well as amazing advancements in medicine. As encouraging as many of these developments are, the field is accelerating so quickly it is almost impossible to keep up. If you try to stay current, another part of your practice suffers due to time constraints. If you don’t keep up with at least some of the new technologies and advancements, your practice could suffer, as could the service you provide to your patients.
Revenue Choke-Hold
Over 25% of all healthcare insurance claims are denied when first presented for payment. Effectively, a fourth of provider “invoices” are returned unpaid. That is a ten (10%) percent reduction in revenue to your practice. No other industry faces a collection problem of this magnitude. The choke-hold on provider revenue doesn’t stop there, but is further aggravated by the following: 1) 40% of denied claims are never resubmitted; 2) Increased staff time to rework denied claims; and 3) Ever-changing billing requirements.
.jpg)
Meritus Solutions
We understand your time is valuable and your expertise and training should be focused on the patient; that is why we provide you the solutions you need with our unparalleled Revenue Accelerator Program.
Revenue Accelerator Program:
- Financing and Cash Flow Management.
- Best practice Revenue Cycle Management
- Billing/Collections Service and Management
- Claim Remedy and Rules Identification
- Electronic Medical Records (EMR)
- Technology Assistance & Implementation
- Service, Education & Training
- Bank Deposits - Revenue Reconciliation
Claim Management Services
- Real-time Electronic claims submission
- 835 ERA files and data management
- Hybrid, payer-specific and standard edits
- On-line editing/reprocessing (optional)
- Claim history/status (from upload to adjudication)
- Claim Assignment (by user)
- Payer Response reporting
- Analytics and Benchmark reporting
- Paper to 837 EDI Claims Generation
- Paper to 835 Remittance Processing
- Payment Posting
- A/R Aging Reporting
Electronic Eligibility
- Automate the process of verifying patient’s eligibility and coverage
- Scrubbing & On-Line Editing
- Includes undocumented Payer rules developed by reverse engineering actual payer rejections
- Exception /Denial Management
- Identify the problems quickly, so you can take immediate actions
- Complete Audit Trails
- See the complete history of a claim on the screen or on paper
- Plus Reporting, Work Managements, Messaging, Analytics, and much more!
Meritus Health Group has built a dynamic team of professionals who can deliver technical assistance, guidance, and solutions to the Healthcare Industry – all centered around elements proven to make the practice more efficient and profitable. We’ve tested a lot of software so you don’t have to. Better yet, we are so confident it works we put our money behind it!