Efficiency is the Key to a Healthy Revenue Cycle

In today’s financial world, efficiency has become the key component of a company’s profitability. Gone are the days of massive corporate spending and the profit margins that supported it. But if efficiency is so vital, then why are healthcare providers still manually sorting through thousands of individual claims hoping to identify the problem claims that contain denied and non-covered charges.

Rycan’s Denial Management module solves this problem by automating the identification process and providing the tools needed to accurately track each claims progression. By tailoring a set of Workflow Rules to fit your site’s individual needs, incoming claims with denied and non-covered charges can be assigned to the Work Queue of an individual biller. This Work Queue becomes your staff’s to-do list of problematic claims, automatically finding only those claims which need their attention and ensuring that no claim is able to fall through the cracks.

By consistently assigning specific claims to individual billers, your staff become specialized allowing them to work scenarios they are familiar with and have thus found proven results for. Specialization also allows the billing staff to identify reoccurring problems and root out the underlying causes of repetitive denials.

Accountability is another feature built into the Denial Management Workflow module. All changes made to a claim from import, to claim completion are tracked in the claim’s history creating an electronic record of that claims progression through the Workflow and the productivity of your billing staff.

Contact us today to find out what other benefits the Reimbursement Reporter's Denial Management module can provide for you.