One of the most sort after and fast growing sector of BPO service from the last decade is Healthcare. Unusual as it may sound, it has been seen that more and more healthcare sectors are outsourcing their back office processes like billing, claims management and other record indexing to external agencies which ensures smooth operations of the healthcare facility.
With modern healthcare, the growth of healthcare BPO sectors has taken an exponential graph too. More and more healthcare BPOs have taken root around the world in order to work on the peripherals involved when dealing with healthcare. Let us take a look at few of these peripherals.
6 Healthcare BPO Services that have helped reshape the path of Modern Healthcare:
Medical Billing: With the growth in healthcare sector around the world, the need to maintain an updated and process oriented billing system has increased too. Service providers around the world are striving to build the best software according to the requirement of the particular healthcare sector. This helps to keep the data organized and its retrieval easy.
Payment Posting: Payment posting is basically the end of a billing cycle, where the payment records of every patient in that facility is recorded in the system. This is another service which has gained popularity by being outsourced to a third party service provider who can provide the best-in-class customized software for your needs.
Denial Management: Claims denial management specialists dig deep to establish if the claim has been denied incorrectly, the reason behind it and if there is scope of redressal of the issue. Denial management experts also study the most common denial trends and causes and try to eliminate it to avoid further denials. By outsourcing your denial management services, you'll have more time to focus on other areas of healthcare that need more attention.
Medical Coding: The main task of a medical coder is to review clinical statements and assign standard codes using CPT, ICD-10-CM, and HCPCS Level II classification systems. Certified medical coders who are proficient in these systems, help reduce denials and increase reimbursements.
Records Indexing: With the advent and use of Electronic Medical Record System (EMR), medical record indexing of patients as well as administration has taken a forefront. Many outsourcing service providers endorse customized EMR systems designed according to the requirement and capacity of a healthcare sector.
Demographic Entry: Demographics entry demands an undivided attention to details. With data entry specialist and streamlined processes one is assured of 100% accuracy for faster claim processing and reimbursements.
With a raise in outsourcing healthcare BPO services, it is necessary that you choose the best service providers who can assure you the best in the allotted time. A HIPAA-compliant Healthcare BPO Services provider, Trupp Global has the scale and capabilities to meet any of your administrative challenges while expertly managing your healthcare revenue cycle.