Managing insurance contracts can be a complex and time-consuming process. Insurance company policies are constantly changing and reimbursement timelines can drag on in the medical industry. In addition to that, medical reimbursements continue to decline while high deductible plans are on the rise. When you’re running a practice, taking care of business, and seeing patients, getting tied up with insurance details and issues is not ideal. Fortunately, that’s where Revenetix comes in! We can relieve you of the billing and insurance burden and take ownership of the entire revenue collection process.
We have more than 20 years of experience in the healthcare and medical billing industry, and we strive to offer a better way to manage your cashflow. By handing over the insurance policies and procedures to us, you will be able to spend more time serving your patients and growing your practice. The Revenetix team can handle your contracts with insurance payers and facilitate new ones. We can help onboard new insurance companies in your network, as well as renegotiate with existing companies. We know the rates and can manage fee schedules and payments.
As your practice grows, we will work with insurance companies to onboard new providers and add new practice locations to the insurance contracts. We submit timely and accurate applications because we are familiar with the demanding requirements of insurance contracts. In addition to submitting applications, we follow up and escalate pending contracts to ensure that timely action is taken and contracts are finalized as quickly as possible.
“Revenetix has saved our practices valuable time, money and hassle, enabling us to continue expanding across Arizona.” — Chris Johnson, Director of Business Development at Valley Perinatal Services.
Overall, our goal at Revenetix is to improve your medical billing efficiency and increase the cashflow of healthcare providers. We do this by collecting a minimum of 80 percent of the money owed to practices for services rendered within 90 days of the filed claim. We have perfected several processes and procedures that make it possible for you to collect more payments from patients at the time of service and secure preauthorization from the payers ahead of time. We remove the billing burden and give you peace of mind and more quality medical time.
Our medical billing efficiency strategy includes:
- Maximizing cashflow by accurately forecasting patient pay responsibility and insurance reimbursements.
- Minimizing denials by implementing the insurance company’s rules, medical policies, and plan requirements.
- 3. Reducing A/R by resolving unpaid, underpaid, denied, and rejected claims in a timely manner.
Along with handling your insurance contracting processes, we can also take care of credentialing, verification of benefits, billing and coding, payment posting, A/R cleanup, and much more.
If you have any questions or would like to like to speak with a Revenetix team member, you can contact us online today.