RMPayment Variance Reporting
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Payment Variance Reporting - Powered by Revenue Masters Healthcare Contract Management & Modeling
Ensuring every claim is adjudicated correctly calculated according to your payer contracts. It can be especially challenging for CAH, smaller community hospitals and physician groups. Even if you outsource your billing do you have a check and balance to make sure all payments are accurate per your payer contracts and they identify those incorrectly paid or correctly denied to capture those monies.
When doing billing in-house, most providers are trying to Identify underpayments and wrongful denials with home grown spreadsheets and Word docs. They also often utilize “ Spot Checking” because it is not practical to check every single claim. The option to buy software contract management systems to do this are out of reach financially for just the set up fees plus large annual high five and six figure annual subscriptions.
Then factor in the dedicated staff to operate the software and having multiple staff trained for for redundant back-up. It also requires a whole new work flow to train your team on.
What if there was a better way:
No contract modeling knowledge necessary
No maintaining contract updates
No change in your current workflow
A monthly fee of the fraction of the cost of a single employee
Delivered via a HIPAA compliant software application
A money back guarantee
Book An Intro Call
Here's how it works
Every weekday your identified staff will receive emailed RMPayment Variance Report that gives your team the open variances to work on.
Read the report and utilize your workflow to enter in accounts with variances to appeal and overturn.
In the report you will know that there was a variance from what should have been paid along with the information to use to place in your appeal letter to overturn the variance.
Are you outsourcing billing? Use the report as a check up on your outsource company or have the report sent to both your outsource company staff for them to utilize.
Here's How to Set-it Up
Sign a BAA and an affordable subscription agreement.
Supply us with your payer contracts and tables
Supply a staff member to work with us to sign off that each contract was both interpreted and calculated correctly.
Supply a staff member to work with us to sign off that each contract was both interpreted and calculated correctly.
A closer look at your sample daily email for payment variance reporting
With Revenue Masters subscription, you will receive a daily email with your payment variance report. The email will include the information to the right.
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