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Tech Tip: A Revenue Cycle Management Program Can Cut Excessive Write-Offs

If your practice is suffering from excessive write-offs, rejected claims and slow payments, you may want to consider using a revenue cycle management program.

ZirMed is one such program. It offers cloud-based revenue cycle management options that can decrease the amount of time it takes to collect on accounts receivable and the number of write-offs. By employing ZirMed, doctors can stay up-to-date with government regulations, payer policies and patient payment models.

ZirMed is a web-based portal that is easy to launch. It can increase your staff’s productivity. They will no longer have to spend time chasing down slow payers or resubmitting claims. It also helps keep down billing costs with helpful tools like Eligibility Verification. Eligibility Verification makes it easy for your staff to check if a patient has coverage and the system will show the patient’s co-payment amount.

In addition, there is a Patient Estimation tool, which allows you to provide each patient with a total out-of-pocket cost for their visit so there are no surprises when the bill arrives. The best way to keep accounts receivable flowing is to offer your patients several ways to make payments.

ZirMed’s Patient Notebook, which is an MU2-certified, HIPAA-compliant portal, gives your patients several ways to pay online. They can use Patient Notebook to securely communicate with you and your staff. Zpay gives your office the ability to process credit/debit card, check, ACH, and cash payments from any PC. The Claims Management solution eliminates the need to have staff dedicated to resubmitting claims. ZirMed claims a 98%+ clean-claims rate.

Streamline how you receive your payments with the Remit systems. Remits lets you receive all your remittance from payers electronically, no more waiting for checks. Also, the VeraFund option will automatically convert incoming paper checks into electronic payments so your money is available faster. 

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