Cardiology practices know the pain of the payment lifecycle. Virtually every procedure and test requires a prior authorization. The volume of requirements produces a strain on resources, and directly affects patient outcomes. 92% of doctors say that prior authorization demands reduce patient satisfaction. The lack of process leading to denials inevitably affects revenue down the line.
Simplifying the process requires automation and knowledgeable experts who can handle changing payer guidelines and quick deadlines. Cardiology practices need a complete payment lifecycle solution that includes a robust prior authorization solution. They need certified experts who can properly code and bill the first time and manage denials promptly.
Infinx is the healthcare company that preserves your revenue through the entire payment lifecycle by removing the primary reasons that cause denials.
Cardiology Payment Lifecycle Solutions Include:
The payment lifecycle for cardiology practices begins with accurate information. Hospitals and medical groups need robust data that informs patient engagement workflow, including insurance and payment data, referral, and prior authorization status.
With an intelligent platform, driven by automation and artificial intelligence (AI) enhanced software, with exception handling by certified specialists, Infinx can help you automate your entire patient access workflow, including insurance verification and benefits, patient pay estimation, and prior authorization.
The second step in the cardiology payment lifecycle is accurate coding. You need a team that can keep up with the ever changing payer policies and can accurately code with minimal errors, which allows you to move directly to billing.
Infinx offers coding services to ensure your payment is handled on time with industry-leading accuracy. Our certified and trained coders and innovative technology enables a workflow that reduces errors by 50%, accelerates the billing process, and helps you capture more revenue. Our customers consistently experience less than a 1% denial rate.
The third step in the cardiology payment lifecycle is accurate and timely billing. Your billing needs to meet payer guidelines expectations.
With services for charge entry, payment posting, credit balance resolution, and contract management, Infinx provides a complete end-to-end solution that meets your needs. We understand the nuances between medical specialties and can bring an exceptional experience to your bottom line.
The final step in the cardiology payment lifecycle is capturing revenue, which is the lifeblood of any medical business and where you realize revenue to stay in business.
Infinx brings intelligent automation to the accounts receivables and denials management process. We use machine learning to analyze your existing accounts and forecast how much you can actually capture, what should be captured, and what should be written off. And then we put human intelligence to work to follow up to secure your revenue.
With a seamless and scalable platform, you can intelligently automate many of your patient access and RCM processes.
A Complete Solution
We deliver a complete solution that includes both artificial intelligence and certified specialists across the payment lifecycle.
Certified and Trained
Our certified and trained coders and billers know how to deliver positive outcomes, allowing you to focus on what matters most: patient care.
We stand by our work and guarantee what we do. We believe customer satisfaction is paramount to delivering business success.
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Let Infinx help you preserve more revenue for your cardiology practice.
Contact us today to learn more about our Prior Authorization Software.