Revenulytics

In the healthcare industry, we often hear the terms IPA and TPA. What’s their difference?    IPA stands for Independent Physician Association, while TPA means Third Party Administrator. IPA is a group of independent doctors that negotiates with insurance companies. TPA, on the other hand, is a separate entity that manages the billing process for the providers and the insurance company.    Revenulytics guarantees our patients that we coordinate with these entities to ensure accurate billing!    #Revenulytics #RCM #IPA #TPA #Billing 

📝 Blog Post!    Our previous blog post talks about the common mistakes in Telehealth billing. In this blog, explore the rise of Telehealth and its potential to revolutionize healthcare delivery.     Read here:  https://lnkd.in/gesG4dcH     #Revenulytics #RCM #Telehealth #Healthcare

Promoted by the World Health Organization (WHO), the International Universal Health Coverage Day aims to ensure free access to healthcare for everyone in the world. This day commemorates the call for the government to prioritize healthcare in this thriving economy. #Revenulytics #UHCDay #HealthforAll

Medical billing and revenue cycle management (RCM) are often thought of as the same thing, but they are not. Both practices play an important role in the healthcare industry. Medical billing is a single process that involves submitting claims to health insurance, while RCM is a cycle consisting of various stages including medical billing. Learn more about these processes by visiting our website at www.revenulytics.com. #Revenulytics #RCM #RevenueCycleManagement #MedicalBilling

📝 Blog Post!   Coding plays an important role in the revenue cycle. There are different types of codes depending on what type of claim is being submitted.   Learn more about Category III Codes in this blog: https://lnkd.in/gfUjqZvU   #Revenulytics #RCM #RevenueCycleManagement #Coding #BlogPost

Benefit #6: Higher Reimbursement   Efficient revenue cycle management also includes communication with various insurance companies to ensure their contractual compliance. If this is not the case, a negotiation such as Single Case Agreement may be filed to obtain a higher reimbursement.   Did you know that Revenulytics also offers Contracting services? For inquiries, visit our website at www.revenulytics.com.   #Revenulytics #RCM #EfficientRevenueCycleManagement #HigherReimbursement #Contracting

Benefit #5: Increase in Production   Automation is one of the strategies to make your revenue cycle efficient. Less manual workload leads to increased production. More claims mean potentially more payments.   Visit our website at www.revenulytics.com for more details.   #Revenulytics #RCM #EfficientRevenueCycleManagement #IncreaseInProduction #Automation

Benefit #4: Reduced Claim Denials   By using an advanced billing system with real-time claims scrubbing functionality, it ensures that only clean claims are submitted.   Revenulytics has partnered with AMD and helped us achieve a 98% clean claims rate!   For more information, visit our website at www.revenulytics.com.   #Revenulytics #RCM #EfficientRevenueCycleManagement #ReducedClaimDenials

Every year on December 3rd, the United Nations observes the International Day of Persons with Disabilities to promote the rights and well-being of individuals with disabilities.   Revenulytics joins the United Nations to raise awareness and advocate for people who cannot speak for themselves.   #Revenulytics #InternationalDayOfPersonsWithDisabilities #InclusionMatters

Benefit #3: Improved Patient Experience   Revenue cycle management includes patient communication, and an efficient RCM can improve your patients’ experience.   By minimizing billing errors, providing transparent cost estimates, and providing flexible payment options, patients feel happier and more confident when dealing with healthcare providers.   Visit our website at www.revenulytics.com for more details.   #Revenulytics #RCM #EfficientRevenueCycleManagement #PatientExperience