Hospice Billing
Faster and More Accurate Billing Improves Cash Flow
With the recent changes in legislation, the amount of data entry required to submit hospice claims has expanded exponentially. If you are operating an in-patient unit, interactions with patients could be occurring every hour that need to be posted on a claim. Unless you capture data at the point-of-care, traditional billing practices can create peaks and valleys in cash flow, lost payments, and billing errors for your organization.
The CareAnyware solution approaches billing as a continuous process that starts with clinical staff at the point-of-care in the home or in-patient unit and continues all the way through reimbursement for services rendered. For the hospice organization, the patient's level of care drives billing. Using our automated workflow, the billing process starts early with point-of-care based documentation of visits and orders and information that flows seamlessly into the office. At this point, powerful audits zero in on missing information that was ordered and scheduled and alert you to any exceptions. This step minimizes rework, and means getting bills "done right" the first time. At any point in the revenue cycle, your billing staff can evaluate and direct billing activity to ensure that your cash flow is stable and predictable.
CareAnyware billing offers hospice organizations:
- Real-time data collection by clinical staff using point-of-care devices accelerates billing submissions for both home and in-patient care
- Automated "Level of care" and "Room & Board" functionality that impacts billing accuracy
- Completely automated billing batch processes that are driven by payor rules
- Accelerated cash flow through daily, weekly bi-monthly, or monthly billing intervals
- Real-time monitoring of activity by level of care and line of business.
- Insight about "true AR" that automatically reflects contractual adjustments "up front"
- A full audit trail of all transactions, write-offs, and adjustments
- Auto-generated adjustments and canceled claims when already billed visit data or date of death is changed
- Data provided for easy submission of NOE's
- Automatic posting of 835 electronic remittances
- Easy maintenance of pricing, unit costs, and coding using a web-based interface