The client was a US based medical group, specializing in Sleep Medicine within Otolaryngology, who sought to streamline their medical billing and revenue management processes to enhance operational efficiency and improve financial outcomes.
Challenges Faced: Manual billing procedures coupled with a shortage of staff had led to errors and delays in the billing process.
Solutions Implemented: HiPaaS implemented Medical Billing Outsourcing Services, assigning billers with various responsibilities including accurate Coding & Documentation, thorough Eligibility Verification, Pre-Auth, timely Claims Submissions/Billing, effective Denial & Appeal Management, efficient Patient Collection & Billing practices, and meticulous Posting of Payments, all integrated within this comprehensive solution.
Results Achieved:
Streamlined Operations: Reduced errors and administrative burden, allowing streamlined operations.
Faster Billing Cycles: Transitioning to HiPaaS resulted in faster billing cycles, improving overall efficiency in managing revenue and billing operations for the Medical Group.
Increased Accuracy: The client experienced a 30% reduction in billing cycle times and a 20% increase in billing accuracy.
Enhanced Customer Satisfaction: Improvement in customer satisfaction scores due to more efficient billing processes and fewer billing errors, along with the ability to scale operations seamlessly.
Enabled Focus on Core Work: By outsourcing medical billing services to HiPaaS, the client was able to redirect their focus on their core work of providing high-quality patient care, while leaving the complex billing and revenue management processes in capable hands.
Through the implementation of comprehensive solutions from HiPaaS, the client successfully optimized their financial success, streamlined operations, and enhanced revenue recovery in Sleep Medicine billing. With specialized support, advanced technology integration, and tailored solutions, HiPaaS empowered the client to achieve their financial goals and deliver high-quality patient care.
We provide flexible no-minimum contract options tailored to your needs, including hourly rates for resources, or a percentage-based fee structure tied to collections or payments posting. With our comprehensive services, you can choose the option that best suits your practice's requirements and budget. For more information, please contact us at sales@hipaas.com or visit www.hipaas.com.