Healthcare Reimbursement Simplifield

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Why outsourcing Hospice medical billing is substantial for your Medicare practice?

November 19, 2021
Outsourcing medical billing

Revenue cycle management is an integral component of all hospice and Medicare practices. No matter how exceptional the performance of your Medicare staff, you can’t keep the doors open based on the quality care you provide. Paying close attention to finances is unequivocally just as important. Medicare practices and hospices may find themselves scrambling to remain viable, while other practices around them are thriving if they do not maintain a steady stream of revenue. In the end,…

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Medicare Revenue Recovery: Understanding KPIs To Maximize Your Financial Solvency

November 17, 2021
best practices for Medical billing

Medicare organizations and hospices strictly adhere to Revenue cycle management (RCM) to ensure a steady stream of revenue in form of reimbursement for the care they provide to patients. Increasing collections, managing denials, and re-submitting and scrubbing claims are a few requisite revenue cycle activities for practices to accomplish. However, to elevate the revenue cycle and ensure the profitability of your practice you need to be cognizant of the KPIs. Moreover, your Revenue recovery strategy must track…

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A Comprehensive Guide to Outsourcing Medical Billing!

November 9, 2021

When it comes to flourishing home health or hospice agencies, in-house employees are unequivocally the top contributors to organizational success. However, regardless of their skill, talent, and capability, these professionals lack the availability and time to keep tabs on the Medicare industry’s ever-changing tides. So, it turns out that outsourcing medical billing can prove to be highly beneficial for the smooth functioning of your organization. At Dominion Revenue Solutions, we have collaborated with numerous home health and…

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How to Boost Your Revenue Collection With A Denial Management Company?

November 5, 2021
Revenue Collection

Optimizing claim denial management strategies can aid Medicare providers in recouping lost revenue and maximizing reimbursements. Medicare organizations most often lose a significant amount of yearly, monthly, and daily revenue just because they are unable to cope with claim denials effectively. What is Claim Denial? Claim denial is a refusal of an insurance company to honor the request of an individual to pay for his/her health care services obtained from a health care professional.   Studies have found…

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How The PDGM Phase Out – Notice of Admission Will Effect Your Agency

October 15, 2021

If you aren’t up to speed on MEDICARE’s No-Pay RAP requirement changes, it’s not too late. Dominion Revenue Solutions wants to help home health agencies like yours understand precisely how adding the 2022 Notice of Admission (NOA) changes will affect you and avoid payment reductions from transpiring due to non-compliance. Notice of Admission CMS has set out to eliminate RAPs by the end of 2021 and move forward with a 2022 Notice of Admission (NOA) requirement; this…

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7 Reasons To Outsource Medical Billing

August 18, 2021
Doctor and nurse looking over paperwork
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Costly Medical Billing Errors: How Home Health Agencies Can Avoid Them

July 27, 2020

An important distinction when it comes to medical billing errors is the difference between a rejected claim and a denied claim. A rejected claim is one caused by a billing error which may be the result of a clerical error, or a mismatched procedure and ICD codes. These claims can then be corrected and resubmitted. Of course, having to correct and resubmit claims not only slows down the revenue cycle and, ultimately, cash flow, it also costs…

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Home Health Professionals: Beware of These Warning Signs of Burnout

July 23, 2020

The home health profession is emotionally, physically and mentally demanding—we don’t need to tell you that! However, like many aspects of health care, those working to support patients whether directly or indirectly in administrative roles are at high risk of burnout. While you may think career-related burnout is “no big deal” it can have a major impact on your mental health and your quality of life. Burnout is also a serious problem for home health employers because…

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Tips on Joining Commercial Insurance Networks for Home Health Agencies

June 16, 2020

Given the current economic and regulatory environment for home health agencies, many have been largely driven by Medicare payments, making agencies hesitant to turn to managed care and commercial insurance to drive additional revenue. The process to seek and secure payment outside of traditional channels can be overwhelming. However, considering that some agencies increase revenue by 20% to 30% when introducing alternative payment sources, it’s worth considering as Medicare increases regulations and compliance measures. As cash flow…

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A Practical Example of Home Health Cost Savings with Outsourced Medical Billing

May 19, 2020

According to recent CMS.gov data, 10% of all home health care claims are rejected. With the average claim being approximately $2000, you can see how the cost of not being able to capture this portion of your total claims can quickly add up. In addition to the money you can recoup by having fewer claims rejected when you work with Dominion Revenue Services for outsourced billing, there’s another part of the savings equation to consider: the money…

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Healthcare Reimbursement Simplified

Improved Cashflow - Maximized Revenue

 

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Cedar Hill, Texas 75104
Phone: 1-888-471-9333
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