41Nov 24, 2015
Ovation Revenue Cycle Service’s eClaim Status Transaction enables revenue cycle managers to overcome many obstacles that increase payment lag from service to expected payment. Delayed payment may result from denied services, lost claims, and pended claims while the payer requests additional supporting documentation. The eClaim Status transaction enables you to focus your efforts on claims you can […]
42Nov 6, 2015
Hospital and healthcare system business offices are increasingly challenged by the growing volume of claims requiring follow-up and specialized processing. Did you know: • Claims denial rates could skyrocket from 100% to 200% in the early stages of ICD-10 • The first 60% of denied claims generate more than 98% of subsequent revenue collected • […]
43Oct 29, 2015
The quality of accurate coding is critical in today’s health climate. Coding is utilized for appropriate patient treatment, reimbursement, research, the basis of financial and clinical decision making and worldwide comparative trending. As a result, the accuracy of reported codes must be audited and analyzed to ensure the data is relevant and clinically validated. Coding […]
44Oct 22, 2015
Ovation Revenue Cycle Services recently posted the Top Ten Reasons to Outsource Your Medical Coding. Reason #7 was Lean Six Sigma; a process improvement methodology that relies on a collaborative team effort to eliminate waste and improve efficiency. Waste in medical coding is commonly described by terms such as incomplete and inaccurate coding. Our coding […]
45Sep 20, 2015
Ovation Revenue Cycle Services’ Hierarchical Condition Category (HCC) Coding Service brings medical coding expertise to the insurer. Our HCC coders code thousands of records each week in compliance with the Medicare Risk Adjustment payment model introduced by the Centers for Medicare and Medicaid (CSM). This Risk Adjustment payment model measures the disease burden that includes […]