Explanation of Benefits (EOB) Processing Services
Are you struggling to deliver a detailed breakdown of medical services, their costs, and how much your patients should pay? Our Explanation of Benefits (EOB) processing services are tailored for the accurate and timely processing of EOBs and help streamline your payment processes.
Get a QuoteHow We Simplify EOB Processing For Your Practice
Our services help in reducing manual data entry work, reducing errors, and streamlining processes to decrease denials or rejected claims. Here is how our comprehensive services help you focus more on core business processes:
- Automate data extraction process from multiple sources, such as medical claims, insurance forms, and other documents
- Use EHRs to automate many aspects of EOB processing, such as verifying patient insurance coverage and claim submissions and reducing manual data entry errors
- Streamline EOB processing by automating repetitive tasks like data entry, routing, and approvals
- Implement automated tools such as claim scrubbers, which help detect errors and inconsistencies before the claim submission, reducing the need for manual intervention
- Our services cater to hospitals and doctors specializing in medical and surgical procedures, diagnostic tests and imaging procedures, maternity and childbirth services, dental care services, vision and eye care services, and more
Our EOB Processing Services
The Invensis Advantage for Revenue Cycle Management Services
As an HIPAA-compliant outsourced revenue cycle management company, we have over 24 years of experience delivering healthcare revenue cycle management services to US-based health care practices. We have helped our clients adopt best practices, including prioritizing patient care, investing in advanced technology, collecting patient payments upfront, ensuring accurate charge capture, and timely claims filing. Over the years, we have seamlessly integrated people, processes, and technology to adapt to evolving legislation and industry needs. As a result, our RCM management services have helped our clients to eliminate waste, enhance efficiency, and receive comprehensive, value-based support. Our expertise has led to significant success for our clients, including a 20% reduction in claim denials and a 30% increase in collection rates. Outsource revenue cycle management services to us and reap the maximum benefits of back office support services.
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