Navigating the complicated process of on-boarding new providers and facilities with insurance companies can be a hassle. If not executed properly, these contracts can cause a delay in insurance payments to your practice. Using the latest technology and tools, Revenetix can handle your payor enrollment process in a timely and accurate manner. We are able to save your team from the hassle and potential revenue loss or delays.
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 payor enrollment and contract compliance you will be able to spend more time serving your patients and growing your practice. The Revenetix team can handle the insurance payors. We can help onboard new insurance companies in your network, as well as ensure your practice is collecting the full amount negotiated within your contract.
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.
- Reducing A/R by resolving unpaid, underpaid, denied, and rejected claims in a timely manner.
Along with handling your payor enrollment processes, we can also take care of credentialing, verification of benefits, billing and coding, payment posting, A/R cleanup, and much more.