 To discuss practice management billing tools  To review system work flow options  To demonstrate the importance of having an action plan in order.

Slides:



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Presentation transcript:

 To discuss practice management billing tools  To review system work flow options  To demonstrate the importance of having an action plan in order to ensure maximum reimbursement

 Online verification of your patient’s insurance eligibility and policy demographic data  Dramatically reduce denials due to bad policy information

Iridium Suite Payer Patient Inquiry Data ActiveInactive

 Benefits:  Policy data returned by the payer is the most accurate  Iridium Suite can create the patient’s billing data directly from the payer’s response

 Inquiries can be conducted:  On new patients  To verify the validity of existing patients’ data

 Iridium Suite is able to interface via HL7 with third party Electronic Medical Records systems.

 Benefits:  Increased Staff Productivity  Reduce Missed Charges  Improved Data Accuracy  Consistency

 Alerts you to violations of CCI Edit rules as defined by the CMS  For example: Attempting to bill two office visits, like a 99205, and a 99201, on the same day

 Alerts you to potential billing issues caused by conflicting billing data  An example would be an attempt to bill using an incorrect place of service for a particular CPT code

 Custom rules used that only execute for specific payers

 Alerts you that a patient’s policy requires prior authorization, but the authorization is not present

 Simple and easy to use!  There is no need to execute separate steps for claims transmission  Staff is not required to print reports to receive and act on payer responses

Iridium SuiteSingle Clearing HouseAll Payers Claim Data Payer Responses

 If volume warrants it, utilizing a mailing service for paper HCFAs and patient statements can be beneficial  This can ensure that these claims are sent out on a routinely scheduled basis

 If ERAs can be auto-adjudicated by the system it reduces payment posting work load  This in turn reduces the time between payment from the primary and generation of the next claim level

Iridium SuiteSingle Clearing HouseAll Payers Claim Data ERAs

 Systems have varying degrees of oversight related to auto-adjudication  It is highly beneficial if the billing system is able to create a human-readable ERA

 Iridium Suite includes thousands of easy-to- configure reports to facilitate detailed analysis of the health of your business.  All reports are schedulable and can be automatically sent to interested staff members.