home care Billing
Faster and More Accurate Billing Improves Cash Flow
It's no secret, poor billing practices can create cash flow difficulties for your agency. And as days of sales outstanding (DSO) start to climb, agencies often begin to focus on the billing department to try and solve the problem. But it's likely that the real problem isn't billing. Most billing problems start "upstream" from billing in clinical and office processes that lack automation. Automating your agency from referral to scheduling to point-of-care to QA/QI and on through billing eliminates the guesswork and paperwork shuffle that leads to claims errors and rejections.
The CareAnyware solution approaches billing as a continuous process that starts with clinical staff at the point-of-care and continues all the way through reimbursement for services rendered. The CareAnyware system promotes a high degree of accountability for clinical and office staff, ensuring the timely completion of visit entry and document tracking.
The CareAnyware system completely eliminates chart shuffling, sticky notes, lost visits, and missing orders. Therefore, your agency's billing staff can be more effective by evaluating and directing billing activity at any point in the revenue cycle. This gives you the security that your cash flow is stable and predictable and that the bill is correct the first time it goes out the door.
CareAnyware Billing enables your agency to:
- Streamline billing operations by "billing by exception" rather than touching each claim
- Accelerate billing submissions with integrated, real-time data collection by clinical staff using point-of-care devices
- Completely automate billing batch processes driven by payor rules
- Maintain pricing, unit costs, and coding using a web-based interface
- Speed cash flow through daily, weekly, bi-monthly, monthly, and episodic billing
- Monitor PPS episodes' estimated losses/gains and visits by discipline in real time
- Automatically reflect contractual and PPS adjustment up-front so AR is more accurate
- Automatically monitor outstanding orders and status of scheduled visits to avoid prematurely sending final claims
- Auto-generate adjustments and canceled claims and move AR automatically when already billed visit data is edited
- Electronically bill private payors through clearinghouses
- Automatically post 835 electronic remittances
- Maintain a full audit trail of all transactions, write-offs, and adjustments
- Access key agency financial information from any computer, anywhere
