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 To discuss practice management billing tools  To review system work flow options  To demonstrate the importance of having an action plan in order.

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Presentation on theme: " To discuss practice management billing tools  To review system work flow options  To demonstrate the importance of having an action plan in order."— Presentation transcript:

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2  To discuss practice management billing tools  To review system work flow options  To demonstrate the importance of having an action plan in order to ensure maximum reimbursement

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4  Online verification of your patient’s insurance eligibility and policy demographic data  Dramatically reduce denials due to bad policy information

5 Iridium Suite Payer Patient Inquiry Data ActiveInactive

6  Benefits:  Policy data returned by the payer is the most accurate  Iridium Suite can create the patient’s billing data directly from the payer’s response

7  Inquiries can be conducted:  On new patients  To verify the validity of existing patients’ data

8  Iridium Suite is able to interface via HL7 with third party Electronic Medical Records systems.

9  Benefits:  Increased Staff Productivity  Reduce Missed Charges  Improved Data Accuracy  Consistency

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12  Alerts you to violations of CCI Edit rules as defined by the CMS  For example: Attempting to bill two office visits, like a 99205, and a 99201, on the same day

13  Alerts you to potential billing issues caused by conflicting billing data  An example would be an attempt to bill using an incorrect place of service for a particular CPT code

14  Custom rules used that only execute for specific payers

15  Alerts you that a patient’s policy requires prior authorization, but the authorization is not present

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18  Simple and easy to use!  There is no need to execute separate steps for claims transmission  Staff is not required to print reports to receive and act on payer responses

19 Iridium SuiteSingle Clearing HouseAll Payers Claim Data Payer Responses

20  If volume warrants it, utilizing a mailing service for paper HCFAs and patient statements can be beneficial  This can ensure that these claims are sent out on a routinely scheduled basis

21  If ERAs can be auto-adjudicated by the system it reduces payment posting work load  This in turn reduces the time between payment from the primary and generation of the next claim level

22 Iridium SuiteSingle Clearing HouseAll Payers Claim Data ERAs

23  Systems have varying degrees of oversight related to auto-adjudication  It is highly beneficial if the billing system is able to create a human-readable ERA

24  Iridium Suite includes thousands of easy-to- configure reports to facilitate detailed analysis of the health of your business.  All reports are schedulable and can be automatically sent to interested staff members.


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