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Just how consequential is referral and authorization management to your practice? Simply put, it can significantly improve your bottom line if managed effectively but can also result in incalculable revenue losses if you allow inefficiencies to flourish.
That’s why robust authorization and referral software is crucial in ensuring a smooth business operation and financial health.
Let’s face it, denied claims majorly contribute to most practices’ lost revenue. And unsurprisingly, failure to obtain prior authorization is one of the leading causes of claims denial, which also puts your reimbursements and incentives at risk.
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What Makes a Good Health Insurance Verification Software?
Unfortunately, despite its high-stakes impact, many practices overlook the importance of optimizing their authorization tracking and management capabilities. Leaving inefficiencies to foster in such a critical aspect of your billing process will eventually come back to haunt you. It’s only a matter of time before it starts chipping away at your patients’ and team’s satisfaction rates, as well as your bottom line.
This is where platforms like
billrMD enter the picture. As an integral component of its full revenue cycle management (RCM) suite, billrMD’s authorization and referral management tools streamline your authorization workflows across appointment
scheduling, treatment, and
medical billing.
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Is Your Outdated Revenue Cycle Management Losing Your Practice Money?
Here’s how billrMD ensures that no referral or authorization request falls through the cracks even as day-to-day tasks pile up:
Tracking and managing countless referrals and authorization requests every day can quickly become a nightmare, especially if you have to toggle between multiple screens and windows. With billrMD, everything you need to keep track of your referrals and authorizations is in one place, making it easy to see everything all at once.
Boost productivity and save time from scrolling through countless authorization and referral records. Narrow down your search using a wide array of filters to find what you’re looking for faster and more easily.
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Top 5 Ways to Boost Practice Productivity
From the patient name, authorization or referral number, status, priority level, and other relevant filters, billrMD’s intelligent user interface (UI) improves your experience by getting you to what you need to do in the fastest, most efficient way possible.
After you’ve pulled up your desired search results, billrMD allows you to make different actions from the same window, from noting the purpose of the authorization request to adding or editing authorization details and tasks, viewing patient details and insurance information, and a number of other relevant functions.
With billrMD’s straightforward UI, everything you need to track and manage your authorization requests efficiently is just a click away.
Adding a new authorization request has never been easier. Consistent with billrMD’s user-friendly interface, you can add, edit, and complete new authorization requests with a click of a button.
After that, it’s just a matter of filling out the necessary details, and you’re good to go. With billrMD, you’re getting more than just next-level efficiency; you’re also getting an elevated software experience.
Every missed referral or authorization request is a missed revenue opportunity. Especially in today’s declining economy, you need to offset rising prices and inflation rates by maximizing your revenue.
Poor authorization and referral management can cost your practice thousands of dollars. But with robust authorization and referral software like billrMD, you can ensure that every visit or procedure that requires authorization is tracked, properly managed, and accounted for.
One software for all your practice management needs.
billrMD | All Rights Reserved.
billrMD | All Rights Reserved.