8 Ways How Practolytics Can Improve Your Medical Claims Billing Process in 2022

1. 8 Ways How Practolytics Can Improve Your Medical Claims Billing Process in 2022?

2. 1. Keeps Patient Files Updated Practolytics ensures that the patient files are kept up-to-date, with updates recommended at the time of appointment scheduling appointment scheduling

3. 2. Pre-authorization Practolytics takes care of preauthorization for your scheduled patients so that the revenue cycle management revenue cycle management can be streamlined and result in maximal revenue within a short period of time.

4. 3. Insurance Eligibility Verification You should be doing this in your service, and it is a task that requires dedicated staff members to spend time and effort recognizing if the patient has an insurance plan that covers their visit

5. 4. Accurate Medical Coding Medical coding Medical coding is the process through which billing information is extracted from the medical records of the patient, which is then transferred to insurance payers in the form of codes or shorthand's.

6. 5. Tracking and Eliminating Denials Denials are the biggest enemy of your revenue and it is key that you manage them properly in your service. It is not only important to ensure that denials do not occur

7. 6. Improved Claim Tracking Practolytics follows up on every claim made to the payer regularly, to ensure timely payouts. No claims are lost through the cracks.

8. 7. Management of Accounts Receivable Practolytics has the technology to manage your practice’s accounts receivable or AR days receivable or AR days. This basically refers to the number of days your practice’s medical bills stay outstanding before being paid. accounts

9. 8. RCM solutions Apart from the specific tasks that Practolytics performs for your practice, they are excellent at the management of your revenue cycle in general, meaning that they facilitate the entire process.

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