Maximize Revenue and Reduce Bad Debt by Monitoring Deductible Status

What was first meant to promote cash flow, “zero-day” billing has no longer become an option for many billers. As high deductible healthcare plans and self-pay patient populations continue to grow, a better approach to billing is needed to remove bad debt off EMS providers’ books.

In our recent webinar, ZOLL Data Systems Director of ARO Operations, Kristin Whitt, and Director of Strategy, AR Optimization, Tyler Williams, discussed how a more optimized approach to billing — “right-day” billing — embraces precisely timing claims based on deductible status to increase reimbursement, reduce outstanding AR, and lighten the patient cost burden. Moreover, harnessing technology that automates deductible monitoring can check the patient’s outstanding deductible amount, notify when the deductible is met or timely filing deadline is near, and reduce revenue loss from patient non-payments.

Readers who missed the live webinar can watch the on-demand recording to learn how:

• Right-day billing is more appropriate for today’s commercial health insurance coverage and can generate more revenue than zero-day billing
• Automated RCM optimization tools can be used to monitor patient deductibles and execute right-day billing
• Payer mix plays a key role in timing claim submissions

To learn more, watch the webinar, “Maximize Revenue and Reduce Bad Debt by Monitoring Deductible Status.”