Comprehensive Solutions for Hospice Revenue Management
At VLMSHealthcare.com, we offer a complete suite of services to manage your hospice revenue cycle efficiently. Our goal is to minimize claim denials, reduce administrative burdens, and maximize your revenue potential.
Claim denials can lead to substantial administrative overhead and significant financial losses. Implementing a systematic process for compliant billing and internal auditing is crucial to self-correct and prevent violations from escalating.
Our specialized hospice billing services ensure that all your claims are billed and submitted correctly, leading to accurate reimbursement for the care you provide to your patients. VLMSHealthcare.com employs a team of highly trained and experienced billers who adhere to best practices to manage your agency’s complex billing needs.
Our Hospice Revenue Cycle Management Solutions
Hospice care is a specialized form of care aimed at individuals with life-limiting illnesses, addressing their physical, emotional, social, and spiritual needs. We support hospice agencies with comprehensive revenue cycle management services, including coding, billing, accounts receivable follow-up, and denial management.
Hospice Coding Services
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ICD Coding: Accurate and compliant coding of diagnoses.
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CTI Review: Review of certificates of terminal illness for compliance.
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Hospice Eligibility and Item Set (HIS) Compliance: Ensuring adherence to hospice eligibility criteria and item set requirements.
Hospice Billing Services
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Submission of Notices: Handling Notice of Election (NOE), Notice of Termination/Revocation (NOTR), and Notice of Change (NOC).
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Sequential Monthly Billing: Timely and accurate monthly billing processes.
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Final Claim Submission: Ensuring all claims are submitted correctly and on time.
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Payment Posting: Efficient posting of payments received.
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Accounts Receivable Management: Proactive management of accounts receivable.
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Denial Management: Systematic approach to managing and resolving denials.
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Customized Reports: Tailored reporting to meet your specific needs.
Hospice Billing Process
Our streamlined billing process ensures efficient and accurate handling of all hospice claims:
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Patient Admitted: The process begins with patient admission.
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NOE Submitted: Submission of the Notice of Election.
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CWF Updated: Updates to the Common Working File.
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Sequential Monthly Billing: Consistent monthly billing processes.
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Final Claim Submitted: Submission of the final claim.
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Patient No Longer Requires Hospice Benefit: Process concludes when
the patient no longer needs hospice care.
At VLMSHealthcare.com, we are dedicated to providing the best possible support for your hospice revenue cycle management needs, ensuring compliance, efficiency, and optimal reimbursement.
Compliance First: Your Assurance of Trust
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