Hospice Billing Services

Are you a hospice provider struggling to submit accurate bills to payers? Are these challenges leading to frequent claims denials or delays? Look no further! Our HIPAA-compliant hospice billing services will streamline your coding and billing process and improve accuracy, increasing reimbursement rates for your practice.

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How We Streamline Hospice Billing For Your Practice

We have designed our services to help streamline billing processes for your hospice practice. We provide end-to-end billing solutions, from insurance verification to claims submission and electronic payments to collections follow-up. Our AAPC and AMA certified experts provide billing services that adhere to various payer guidelines and codebooks. Here is how we do it for you.

  • Integrate digital billing systems such as EHR, EMR, and EDI into the hospice-specific billing software to facilitate faster and accurate electronic claims processing.
  • Verify patient information (demographics, medical history) and insurance information (insurance coverage, eligibility, effective dates, expiration dates, and claim addresses) to prevent billing errors and reduce claims denials.
  • Verify pre-authorization needs and process the documentation accordingly stating the medical necessity of services to get prompt approval from insurance payers.
  • Assign specific billing codes for the hospice procedures offered to the patients (pain management, symptom management, emotional and spiritual support, assistance with activities of daily living (ADLs), end-of-life planning, caregiver support, medical equipment and supplies, and more.
  • Stay current with the E/M codes, modifiers, HCPCS Level II codes, ICD-10, and CPT codes such as routine home care - 99201 to 99499, continuous home care - 99324 to 99350, general inpatient care 99221 to 99239, etc.
  • Adhere to coding and regulatory guidelines while handling diverse billing models for hospice procedures, including Per Diem Billing, Capitated Payment, Fee-for-Service, value-based payment, and more.
  • Process clean claims and submit them to the respective insurance providers (Medicare, Medicaid, Veterans Administration (VA), Tricare, Long-term Care Insurance, and private insurance companies (Humana, Aetna, Anthem)).
  • Engage with payers to obtain EOBs and review them to understand reasons for denials. Resolve discrepancies and initiate appeals to gain maximum reimbursements.
  • Inform patients about their out-of-pocket expenses including copayments, deductibles, coinsurance and more.

    Our Comprehensive Hospice Billing Outsourcing Services

    Accounts Receivable ServicesDenial Management ServicesClaims Submissions And ProcessingInsurance Verification And Eligibility ChecksPayment Posting And ReconciliationElectronic Claims FilingBilling And InvoicingPatient Statements And CollectionsHospice Medicare Billing Expertise

    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.

    Days in AR
    -45
    Clean Claim Rate (CCR)
    %
    Denial Benchmark
    %
    Net Collection Rate (NCR)
    %
    Contact Information

    You can reach us at:

    D 45 Shyam Vihar Phase 1 Najafgarh New Delhi- 110043
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