The ability to accurately and efficiently manage accounts receivable is the foundation to any practice’s success. Finding the right tools and properly managing software customization and implementation is a critical step in improving practice performance. HuTech’s software delivery and proven AR Management policies and procedures can help.
HuTech offers flexibility in how we work with you and your office. Through the effective use of software tools and strategic database management, HuTech can guide your practice toward improved billing and collections with an approach customized to your needs.
HuTech Resources AR Management: For practices looking to outsource their billing and collections, we have a team of business support specialists at our central office working on your behalf. Some of the features and benefits afforded by HuTech’s AR Management include:
A risk-sharing cost structure that guarantees demonstrable results in six months or less
Proven plug-in processes that effectively address key business procedures
Sophisticated technology that enables outstanding results and reporting capabilities
Experienced, professional senior management who serve as a single point of contact and a catalyst for successful change.
Delivery & Support: This package is designed for practices interested in maintaining their existing billing department while upgrading their PM software.
After database configuration and implementation of the PM software, we will train, support and supervise your existing staff in the billing and collection process.
Placing an emphasis on enhanced EDI capabilities, HuTech will ensure your staff are optimizing their use of the tools available and improving their overall efficiency.
Customized Solutions: If you are interested in maintaining certain functions “in-house” while outsourcing others, we offer customizable working arrangements as well. HuTech is a full service AR solution that can provide the stability and support you need.
Regardless of the package that best suits your practice needs, on-going training and education of your staff is a core element to our AR Management programs and reinforces a continuing synergy between the HuTech staff and yours. We will work with your existing staff to whatever degree necessary in order to educate and support their role in the billing and collections process. Clearly written policies and procedures as well as job descriptions are critical aspects to HuTech Resources’ AR Management.
It takes the right people in the right positions to get the results we’re committed to achieving.
Other core elements of the HuTech Accounts Receivable Management program include:
Development and implementation of appointment scheduling templates
Monitoring and advise on fee schedule changes/updates
Verification of accurate CPT and ICD-9 coding
Preliminary screening of claims against CCI Edits (prior to claim submission)
Superior reporting capabilities to analyze all critical practice performance data
Monitoring patient demographic and insurance information entry
Line-item posting of payments and adjustments
Reviewing reimbursement amounts to ensure contract compliance
Prompt follow up and appeals on any claims processed inappropriately by insurance
Providing patients with clear explanations of balances due
Office forms development to ensure compliance with HIPAA, CMS and Fair Debt Legislation
System generated letters/correspondence that are formatted and printed in MS Word
Implementation of the necessary checks and balances to ensure verification and balancing of financial batches on a daily basis
On-going updates of insurance carriers able to accept claims electronically
Consistent execution of billing cycles utilizing all available EDI capabilities
Identification of problematic collection accounts and provide direction for further collection activities
Evaluating the process of revenue generation and collection
Identifying opportunities for improvement and change
Implementing the appropriate systems for technology and human resource improvement
Establishing performance indicators with solid baseline data and quantifiable goals in line with the long term expectations of the organization.
HuTech employs a risk sharing approach to our Accounts Receivable Management as a means to demonstrate our commitment to your success. We specialize in Accounts Receivable management for the healthcare provider who wants:
More control over their practice
More time to devote to medicine
More revenue from existing patient volume
HuTech Resources, LLC - The level of our involvement is the defining difference.
