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Automation transforms the complex task of financial reconciliation into a seamless, automated process, reclaiming your rightful earnings with precision and ease, ensuring every dollar you have earned counts towards your bottom line. If your current approach to revenue recovery and self-pay/uncompensated care costs is lacking, this is your year to focus on proactivity and prevention.
Deliver effective evidence strategy across various focus areas, applying data from Medicare, Medicaid, and commercial plans in partnership with Compass Medical Billing Service statistical and data experts. Compass Medical Billing Service revenue recovery solutions can help relieve the burden of resolving uncompensated care cases and help patients avoid self-pay scenarios. Our technology can also eliminate human error while reducing the time investment required by your team.
Reduces uncompensated care and underpayments by identifying active billable coverage previously unknown to the provider. Using sophisticated search capabilities, this solution identifies if patients have multiple active payers to help boost reimbursement opportunities.
Gain an overall average insurance identification hit rate of 63.7% on uninsured accounts across all care settings.
Conduct more in-depth searches - Identify more complex cases with multiple commercial and government payers to ensure claims are sent to every applicable group.
An estimated 90% of denials are preventable, with many occurring due to simple clerical errors. This means some legitimate claims end up denied by the payer and become uncompensated care.
Instead of accepting these denials at face value, re-evaluate how you handle them. Compass Medical Billing Service
conduct exhaustive searches to make sure every available payer is identified for a claim and streamline your internal response process.
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