ACCESSIBLE REPORTING CHECKLIST Billing service should have one secure portal to view transactions across multiple clients and multiple locations, so it can easily access and manage client accounts The ability to report on a large data set and look at this data in many ways in order to identify trends The ability to view data in real time, without delays, due to manual or untimely file interfaces The ability to quickly send reports to its clients using multiple formats to accommodate different client preferences The ability to easily locate a transaction when questions come up The ability to enable system-to-system integration, to streamline workflow into billing service and provider systems – this includes not just automated posting and reconciliation, but also the automation of other functions Our Advisory Services resources include: 18 HBma BIllINg • NOVemBer.DeCemBer.2014 Continue to Evolve as healthcare and technology continue to change, billing services will need to adapt in order to succeed. automating processes such as communications, payment posting, and reconciliation, as well as interoperability between disparate systems, will be critical to reducing costs and enabling scalability. additionally, billing services can create tremendous value to their clients and potential clients with online enrollment and increased reporting and visibility into their client’s electronic payments. Bill Marvin has been in the revenue cycle industry since 1993 and is the president and CEO of InstaMed, the leading healthcare payments network. Prior to InstaMed, Bill was an executive in Accenture's Health and Life Sciences practice, focused on payor to provider connectivity. Prior to Accenture, Bill founded CareWide (now a part of AllScripts after three acquisitions), a practice management system for provider offices. Vascular CPT Codes Have You Stumped? Ever wonder about coding for multiple procedures? SVU is committed to help your practice overcome coding challenges, make sure each and every claim is paid at your contracted rates and improve practice eciency. • Billing and Coding Hotline • Final Report Review • Coding Review, Reimbursement/Regulatory Assistance and Appeal Services • Practice Management Webinars • Vascular Practice Management Network (VPMN) Learn more at www.svunet.org/advisoryservices
Billing_NovDec14
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