Bristol Healthcare Services, Inc.’s Post

It does not matter how many times we uncover healthcare claim schemes, the things our Payment Integrity team finds in #healthcareclaim data leave us shaking our heads. Read on > https://ow.ly/vBLw50QIZZe #PaymentIntegrity

📊 Master Your Healthcare Revenue Cycle Management! Discover the 4 Key Reports for Financial Health: 🔹 Clean Claim Rate: Boost billing efficiency and reduce denials. 🔹 % of AR Paid Within 60/120 Days: Manage cash flow and spot collection issues. 🔹 AR Unpaid Over 120 Days: Prevent prolonged revenue loss. 🔹 Ratio of Closed Claims: Assess claims efficiency and timely revenue. Optimize your RCM process and provide top-notch patient care! Read more: https://buff.ly/3w1RWYd #HealthcareRCM #FinancialHealth #EfficiencyMatters

Check out the second article of our #CapitalAllocation series to learn the benefits and risks of self-insurance 👉 https://lnkd.in/ejC88gen

Elevate your members’ healthcare experience by implementing effective claims audits. WTW’s studies indicate that meticulous claims auditing is essential for enhancing satisfaction by minimizing errors and delays. Discover how you can build transparency and trust through detailed claims auditing processes https://ow.ly/K1V150Stcep #EmployeeBenefits #EmployeeExperience

Check out the second article of our #CapitalAllocation series to learn the benefits and risks of self-insurance 👉 https://lnkd.in/ejC88gen

🔍 Unlocking Hidden Revenue: The Importance of Accurate Coding in Healthcare Claims 🔍 In healthcare claims, accuracy equals revenue. Our audits ensure every diagnosis code and procedure is coded correctly, maximizing insurers' financial returns. Join us in minimizing errors and maximizing revenue today! #HealthcareClaims #AccurateCoding #RevenueOptimization #HealthcareAudit

Far too often, the healthcare claims process is missing one critical element: transparency. Delays and denials are all too common in an often unstructured process. This lack of structure leaves providers and individual consultants in the dark for weeks, waiting for an update on their claim status. Injecting a degree of certainty into this process can offer greater clarity for teams resolving individual claims and reconciling accounts. It also helps build trust between providers and insurers. By clarifying what is required for a claim to have the greatest chance of success before submission, and allowing for the tracking of claims post-submission, we can enhance the process for all parties involved. Our CEO, Dr. Martin Rochford, explains how we're introducing transparency into medical billing. ⬇️ #ClarityandTrust #RemoveAmbiguityEliminateWaste #UnlockCapacityCreateValue

Is claims adjudication creating bottlenecks in your revenue cycle? Discover why two-thirds of denied claims are recoverable, yet fewer than half are resubmitted. Read more here: https://ow.ly/q5Ju50Tpf7G #newblogpost #healthcareproviders #revenuecycle

Stash is reshaping healthcare claims management by helping hospitals recover 65% of denied claims and tackle revenue leakage. Our data-driven approach empowers hospitals to make smarter decisions on claims and collections. #HealthcareTech #DataDrivenDecisions #HospitalSolutions Read the full blog "Re-thinking Claims" here: https://lnkd.in/g48N33Jj

Claims denials are a thorn in the side of any healthcare organization. Learn about the common challenges in traditional claims processing and how to implement automated or AI-based claims management technology to drive #healthcare revenue cycle efficiency.