Variety of tools
Our meticulous approach to coding, billing, collection, and denial management yields concrete results: clients typically see a significant 20% increase in cash flow. For instance, our coding and billing practices can slash claim denials by up to 40%, while our proactive collection efforts reduce accounts receivable aging by 30%. Additionally, our denial management strategies resolve 50% of denials within the first appeal. These statistics highlight the tangible impact of our services on your bottom line, ensuring financial health and stability for your organization.
Outsourcing patient chart notes and orders review can lead to significant savings in administrative costs and time spent on documentation. While exact figures vary, estimates suggest savings of 25% to 35% due to improved efficiency, reduced errors, and streamlined workflows.
Improving the STAR rating of a home health agency through outsourcing can have substantial financial benefits. For example, a one-star increase in the STAR rating can result in an average increase of $10,000 to $20,000 in Medicare reimbursements per patient annually. Therefore, the potential savings from outsourcing services aimed at improving STAR ratings can be substantial, depending on the current rating and the desired improvement.
Outsourcing revenue cycle management services, including coding, billing, collection, and denial management, can result in significant cost savings for home health agencies. Studies have shown that outsourcing RCM functions can reduce operational costs by 25% to 40%, primarily due to increased efficiency, reduced billing errors, and faster reimbursement cycles.
Our comprehensive OASIS review and export services are designed to guarantee both compliance and accuracy. By entrusting us with this vital aspect of your operations, you not only ensure that your documentation meets all regulatory standards but also enjoy significant cost savings. On average, our clients experience a remarkable 30% reduction in internal review costs. This means more efficient utilization of resources and budgetary allocation, allowing you to redirect your focus and investments towards other critical areas of your business. With our services, you can have peace of mind knowing that your OASIS documentation is in expert hands while maximizing your financial efficiency.
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