Posts Tagged: claim status

Doing More with Less, The Value of Automated Claims Status Reporting

Automating claims statusing takes the manual and tedious and helps focus precious resources on claims that matter. Still, it’s not just THE solution to transform hospital business offices. It’s A sophisticated tool forward-thinking hospitals should have in their business office tool kit, to maximize productivity and achieve the revenue cycle results necessary to continue to offer excellent healthcare.

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Four Tools for More Effective Claims Management, Part 2: Automated Statusing

Today’s typical claims follow-up process degrades financial performance. One area in particular that drains valuable resources and lengthens the revenue to cash conversion involves the process of checking the status of a claim. This typically manual process requires significant staff time with a surprisingly low return. Roughly 80% of claim statusing efforts are on claims which are due to be paid anyway. But how do you know which claims to status, when, and how often? And what will you do with the status information when you acquire it? How will it increase the likelihood, speed and amount of cash you collect?

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