Reinventing Claim Submissions for Physician Services Company

Background

Recently, GRM successfully guided a large physician services company along the digital transformation continuum, optimizing the company’s patient chart acquisition and verification process and saving them millions of dollars.

Challenge

The company, which provides physician services to more than 1,800 clinical departments in healthcare facilities nationwide, processed thousands of patient records daily using manual processes. The goal was to ensure patient charts were complete so claims could be submitted to insurance companies for reimbursement, but reliance on manual processes proved to be laborious.

These processes included healthcare personnel filling out patient charts by hand and those documents being shipped to processing centers for scanning. Often, missing or incorrect information wasn’t discovered until late in the process, extending a timeline that already took an average of 21 days to complete. As a result, the company experienced significant Days Sales Outstanding (DSO) and a high number of Timely Filing Denials, creating a substantial loss of revenue.

Solution

GRM’s solution took them through the entire continuum of digital transformation – from digitizing their backlog of existing documents to digitalizing processes. And, they ultimately employed our cloud-based content services platform as the centerpiece of a radical business process transformation.

Our Chart Acquisition and Verification Solution streamlined the claim submission and payment processes, leveraging the power of our cloud platform to deliver business process automation and crucial, real-time insights via advanced analytics.

The ROI Analysis

This solution revolutionized the company’s operations, reducing their DSO by up to 65% and dramatically decreasing their Timely Filing Denials – saving the company millions of dollars.

Benefits

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