Denial Management
Like every other field switching to automation and digitalization, claim management has also been modified due to bioinformatics healthcare research and IT solutions. Billvolt is fortunate to have been able to source such software solutions for medical practices today when the need for digitalization of healthcare is more than ever due to the pandemic response. Telehealth and other practices are making their way into the healthcare industry, and claims management has become more and more complex and time-consuming if done manually.
Billvolt Denial Management Benefits
Billvolt automates the claims management process to provide the following benefits to medical practices:
- Clean and Data-Driven Claims Submission
- Decrease Denials and Errors in Claim Submission
- Eliminate Time-Consuming Rework
- Eliminate Labor-Intensive Job
- Save Operational and Administrative Costs
- Increased Accuracy in Data
- Improve Communication and Accountability Across the Organization
- Data Collection and Insights for Informed Future Decisions
Data-Driven Denial Management
Billvolt valuable IT solution and services for the healthcare industry cover the claims management process. We automate, streamline, and simplify every step of claims management from submission to payments to provide medical practices with a comprehensive solution to minimize their costs and streamline their operations.
Electronic Claim Submission
Electronic claims management analyzes the claims and takes the inputs in real-time to identify errors in the claims and flags them for review manually. It also gives insights into why a claim has been flagged for future improvisations into claim records.
Paper Submission
Due to some reasons, sometimes paper submission of claims is needed. Billvolt experts can guide how to cleanly and conveniently submit the paper claims with the least possibility of denials, so you do not get into unpleasant patient experiences.
Late File Appeals
Missing a deadline, an essential piece of information, or a system error can result in a missed claim; however, there is always an option for late file appeals. Billvolt can help you manage the late file appeals if needed, with the best of their experience and expertise.
Claim Scrubbing
Billvolt offers useful claim scrubbing tools that check every claim for errors, missed information, and other problems resulting in a denial by health insurance companies. This tool can save time and effort and save you from the hassle of managing denial later.
Rejections and Denials
Rejections and Denials by the health insurance companies can result in delayed payments, non-payments, or missed payments. Billvolt introduces a digital solution for claim scrubbing and submission to minimize the errors in claims and save the medical practices from unfair denials and rejections and save their time and cost. In the case of denial or rejection, we have tools to record and analyze the reasons for the denial to help make better decisions to improve procedures in the future.
EFT/ ERA Setup
Our top notch enrollment team is always ready to help you set up your payments electronically with the insurances so you can be paid on time.