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Fast Denial Resolution
We identify and address denied claims within 48 hours, minimizing revenue loss and optimizing reimbursements. Our focus on legacy AR (Accounts Receivable) helps recover past-due payments.
helps with
- Reducing revenue loss
- Optimizing claim reimbursements
- Recovering overdue payments
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Proven System
Our robust, tested mechanism tackles challenges like backlogs, low revenue, and high denial rates.
helps with
- Eliminating backlogs
- Increasing revenue
- Reducing claim denial rates
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Collaborative Approach
We integrate seamlessly with other RCM processes for increased efficiency and consistent revenue flow.
helps with
- Enhancing process efficiency
- Ensuring consistent revenue
- Facilitating smooth integration with existing systems
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High Aging AR
Outstanding claims become a burden when they age. HOM's proactive strategies, like monitoring AR reports and prioritizing follow-up, can reduce your days in AR and improve cash flow.
Denial Trends & Rejections
Coding errors, incomplete documentation, and eligibility issues lead to lost revenue. HOM's focus on accuracy and automation minimizes denials and delays.
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Inaccurate Billing
Missing information, incorrect codes, and lack of supporting documentation cause denials and underpayments. HOM's training programs and EHR templates ensure proper documentation from the start.
Measurable Impact
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Maximize revenue
Effective AR management ensures timely and accurate collection of outstanding payments from payers and patients, reducing accounts receivable aging, accelerating cash flow, and maximizing revenue capture.
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Reduced Denial Rates
HOM focuses on identifying denial trends, addressing root causes of denials, and implementing corrective actions to reduce denial rates, minimize revenue leakage, and improve claims reimbursement rates.
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Improved Cash Flow and Financial Stability
Streamlined AR processes, proactive follow-up on unpaid claims, denial prevention strategies, and efficient claims resolution contribute to improved cash flow management, financial predictability, and stability for healthcare organizations.
Accounts Receivable Monitoring and Follow-Up
Our system monitors outstanding claims from insurance and patients. We maintain detailed records, initiate follow-ups for overdue payments, and generate aging reports for clear visibility.
AI-assisted Denial Analysis
We leverage proprietary technology to analyze denied claims, highlighting trends and root causes like coding errors, missing information, or medical necessity issues.
Denial Resolution
We handle denied claims efficiently, correcting errors, providing additional documentation, filing appeals with insurers, or negotiating with payers to maximize your reimbursements.
Continuous Monitoring and Optimization
Our comprehensive reports detail denial trends, aging A/R, and revenue recovery efforts. We analyze data to identify areas for improvement in coding, documentation, and billing processes. This allows us to recommend and implement changes and training to minimize future denials and optimize your revenue cycle.
Accounts receivable management involves tracking and monitoring all outstanding claims and payments due from insurance companies and patients. This includes maintaining records, following up on unpaid claims, generating aging reports, and implementing strategies to improve cash flow and reduce accounts receivable days.
An AR aging report categorizes outstanding receivables by the length of time they have been unpaid, helping identify overdue accounts.
Effective AR management ensures timely cash flow, reduces bad debt, and maintains the financial health of a healthcare organization.
Providers can reduce AR days by ensuring accurate billing, prompt claim submission, timely follow-up on unpaid claims, and effective patient billing practices.
We thoroughly review the Explanation of Benefits (EOB) or remittance advice from insurance companies to identify the root causes of denials. We categorize denials based on common reasons and identify patterns or trends to address systemic issues.
Effective denial management reduces the number of unpaid claims, thereby improving the AR turnover and overall cash flow.
Depending on the denial reason, we take appropriate actions, such as correcting coding or billing errors and resubmitting claims, providing additional documentation or medical records to support the claim, filing formal appeals with insurance companies, or negotiating with payers to overturn denials.
HOM uses proprietary tech that automates billing, tracks payments, generates reports, and facilitates follow-ups, improving efficiency and accuracy.
We continuously analyze data and generate detailed reports on claim denials, aging accounts receivable, and revenue recovery. Based on these insights, we identify areas for improvement in coding, documentation, or billing processes. We then implement process changes, staff training, and ongoing monitoring to reduce future denials and optimize the revenue cycle.
Get our Capability Deck
A quick snapshot of everything we do, along with case studies and insights from our experience.
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Accelerated Outcomes
Value-driven Collaboration
Compliance Assurance
Bring a change to your Healthcare Operations
A partnership with HOM gives you an inherent:
Adherence towards federal, state, and organizational compliances, as well as safeguarding patient data.
Sense of ownership and commitment towards providing value.
Focus on speed, accuracy, efficiency, and optimal outcomes.
Sense of security and transparency through periodic reporting and actionable insights.
Connect with our experts for a quick analysis and possibilities.
