Today's fast-changing healthcare landscape requires providers to rethink revenue cycle management.
ibml offers integrated solutions to help providers of all sizes do just that.
We understand the healthcare revenue cycle and provide robust services to assist our clients with receiving, posting, reconciling and managing denials for healthcare receivables transactions. Our services can help you quickly and affordably convert paper remittances to electronic files for posting.
Providers can choose from several different services to create a solution customized to their needs.
With our services, providers can increase revenue by reducing administrative costs, decreasing days in receivables, slashing denied claims and refocusing staff on activities that improve cash flow.
Full Range of Revenue Cycle Services
ibml's revenue cycle management service can manage all electronic and paper-based payments from patients, insurance companies and private payers. We convert all elements of a healthcare transaction, including paper-based explanation of benefits (EOB) documents, into the postable 835 electronic format, saving you precious time and money on the back end. We also perform ERA and EFT re-association, eliminating fraud and accelerating check deposit times. Transactions that are ready for posting are delivered within moments to your billing or patient management system.
Transactions requiring special handling - including denials, secondary billing, reconciliation and re-association and appeals - are made available to you via an easy-to-use online portal. Through our online portal, you can also search and view any 837 and 835 transactions and related information.
Unlike solutions offered by other financial institutions and third-party service providers, our comprehensive approach addresses the entire claims lifecycle--from originating and editing claims to communication and presentation to the reconcilement, imaging and archiving of claims data.
Solutions for Healthcare Providers
Our flexible and fully integrated suite of services is specially designed to help our healthcare clients better manage the revenue cycle, gain efficiencies and reduce costs. It also supports your efforts to:
- Accelerate receivables processing timeliness and accuracy
- Reduce accounts receivable days outstanding
- Minimize remittance float
- Collect and reconcile patient self-pays
- Post remittance and denial data electronically
- Streamline short-term cash management
- Update accounts records quickly
- Provide better service to your customers
- Avoid "lost" claims or payments
- Mitigate potential fraud
Let's Get Started
We make it easy to streamline your revenue cycle.
Our services are a snap to implement, configure and use. They won't impact your existing systems or processes, and our platform-independent approach opens a clear and convenient pathway for communications between payers, providers and other stakeholders, regardless of their current data types, document formats or system capabilities. Additionally, our extensible "plug and play" framework can support your growth. And, you can rest easy knowing that we are HIPAA compliant.
What's more, our bank's revenue cycle management services provide complete data visibility and reporting as well as extensive audits and controls for the posting and tracking of all transactions. We also provide seven years of secure data storage for your critical transaction information.
And you'll never pay support costs!
Let us help streamline your revenue cycle management. To learn more, contact us today via email at CASinfo@ibml.com or call (205) 313-1366.