Simplifying Your Healthcare Revenue Cycle
We are here to help you simplify your Revenue Cycle Management. We follow a meticulous approach. Our services allow you to optimize your revenue, decrease outstanding accounts receivables, reduce bad debt and minimize average days in Accounts Receivable.
Our team of highly skilled and experienced professionals manages the process of eligibility verification for each patient. The verification is done at least two days before their appointment or procedure, which helps to improve your first pass claim ratio. It also gives you the time to make informed decisions about the diagnosis or treatment you provide and the amount you must collect from your patients when they visit you.
Transforming Businesses
Practolytics is one of the leading multi-speciality billing company serving more than 28+ medical specialities
Providing End-to-End Claims Management Solution
We provide end-to-end claims management solution. Leave the finance aspects of the practice to us and reserve your focus for patient care. We will ensure accuracy in the charges that go out and the payments you receive. You can be worry-free.
We use our proven technology solutions to improve efficiency & productivity thereby reducing your AR days.
Our solution includes but not limited to the following:
We make sure, we have got your back
We understand your problems, know the glitches where they occur, and we are here to solve them for you.
Improve claim tracking
Make patient’s data accessible
Zero paper works & errors
Re-define patient care
Prudent financial reporting
Rationalize medical coding
Get in Touch
FAQs about Medical Billing
Will Practolytics submit claims on the practice behalf?
Yes, we are partnered with state of the art PM/EMR system and clearing house, we will take care of your electronic as well as paper claim submission.
What is the TAT/lag days for claim submission?
We submit claims within 24-48 hours from the charge receipt time. You will have access to the lag days through the PM/EMR system as well as through several reports.
Will we have full access to view our claims and payment details?
Yes, based on your request, your staff will be provided with full access to the system where you can review your claims and payments.
Whom do we reach out to on our billing and collections questions?
You will have a dedicated account manager who will be available on email and phone.
Does Practolytics send daily billing and collection status?
Yes, you will be receiving daily emails on the billing and collections.
How often do you work on rejections and denials?
The clearing house, payer rejections and denials gets worked on daily basis and gets shared with practice on weekly basis in a consolidated report.
Do you collect EOBs/ERAs and post them into the system?
Yes, we reconcile all the ERAs/EOBs and it gets posted on daily basis.
What reports will be provided from your end?
You will have full access to the reporting module of the billing system and any and all customized reports can be shared with the practice on request. Once decided these reports will be shared with you in scheduled intervals. Our reports include but not limited to: charges Vs payments, patient volume, CPT volume, payment per encounter, payer mix charges, payer mix payments, provider/location wise reimbursement reports, payroll reports, outstanding insurance and patient AR reports etc.
Do you send statements to patients?
Yes, statements are sent to patients on regular intervals. The billing cycle can be customized based on your business requirements.
What if our patients have questions on their bills, whom do they reach out to?
We have dedicated customer service experts working based out of our South Carolina office and they will assist the patients with their questions on bills and payments.
Do you work with any collection agency?
We have a partner collection agency based out of South Carolina and we also work with collection agencies of your choice.
Are you on a look out for industry updates?
Stay updated and join the conversation with the latest facts.
-
How to Optimize Operational Efficiency and Improve Profitability in Practice Consulting Services
Handling the finances while also taking care of the patients can be a headache. Therefore, having an expert team trained to deal with medical billing and collection can be a rewarding investment for your practice.
-
Medical Billing and RCM Are Adapting to Value-Based Care
Explore how Green RCM is revolutionizing the healthcare industry by integrating sustainable practices into medical billing and revenue cycle management.
-
Transparency in Healthcare Costs: The Role of Billing Offices in Patient Advocacy
Explore how billing offices play a crucial role in patient advocacy by improving health insurance literacy and transparency.
Stay in the loop
Sign up for our monthly newsletter
By subscribing, I consent to the processing of the personal data that I provide Practolytics in accordance with and as described in the privacy policy.
