Boost Cash Flow with Accurate Patient Insurance Verification and Prioritization
Clean up year-end backlog with tevixMD and e5 Workflow.
It's not too late to clean up year-end backlog and maximize reimbursements. With tevixMD's intelligent verification and e5 Workflow's priority processing services, together we will boost efficiency and cash flow for your claims operation driving a substantial ROI.
tevixMD matches the patient to their insurance the first time, preventing rejections due to common demographic errors such as incorrect name, date of birth (DOB), address, social security (SSN) number and more. By verifying these key pieces of information from the start, claims will be considered “clean” the first time and sent out the door for payment. No need to chase down patients for missing information or correct data entry errors. Find accurate patient insurance verification the first time.
For claims with other incomplete data, e5 Workflow will utilize their prioritization technology to evaluate which ones to work first based on best-cash outcomes and timely filing. By using e5’s technology to prioritize and organize these claims, you will see increased billable claims that will drive substantial cash flow. Often times, these best-cash claim types are never touched due to high volumes, leaving money behind and left on the table. With e5’s priority processing technology, and their U.S. based supplemental billing team, you will have a powerful solution to help your end of year cash needs.
How does it work?
Simply send a file of outstanding claims to tevixMD to verify patient demographic data and insurance eligibility status. Clean claims with accurate patient insurance verification will be sent out the door for payment. For claims with other incomplete data, tevixMD will find and highlight this information utilizing DecisionPLUS™ functionality whereas other vendors will give a pass/fail. Claims with missing or incomplete information will be sent to e5 Workflow to automatically prioritize which claims hold the best-cash value for your reimbursements. e5’s U.S. based supplemental billing team will then work these claims that you can’t get to drive substantial cash and ROI for your organization.
Kick off 2023 with increased cash flow.
Typically, the first quarter of the year is less likely to see cash flow due to deductibles. However, by preparing clean claims with intelligent verification and priority processing services, you can submit clean claims through end of Quarter 4 and into Quarter 1 2023, making a positive financial impact for Quarter 1 and Quarter 2 of next year. Cash flow will begin in as little as 30 days or less.
Turn your Accounts Receivable into cash flow by finding accurate patient insurance verification the first time and prioritizing all other claims based on best-cash outcomes. Request a discussion with one of our experts today to maximize reimbursements for your organization.