Improve your Inpatient Acute Care Hospital’s Revenue Cycle and Bill with Confidence
Inpatient acute care usually involves taking care of a person who just had surgery. These patients usually stay in the hospital emergency department, surgery center, or in some cases in an urgent care center. Generally, acute care settings include, intensive care, emergency department, coronary care, cardiology and neonatal intensive care. The patients are discharged as soon as they are stable and showing progress in terms of recovery.
In severe cases of patients failing to be stable, they require stabilization and transfer to high dependence units (H.D.U.) which mostly are expensive to both the care center and the patient.
Managing a hospital’s successful inpatient acute care practice presents many unique challenges. They can be split into those that affect the patient and those affecting the care center. Patient problems include increased cognitive impairments and acute psychological distress. Most patients may experience long term complications of post-traumatic stress disorder, general anxiety, clinical depression and life disruption. Issues like these call for extra professionals to take care of the psychological needs. Additionally, factors that determine how long a patient stays before being discharged may be dependent on family members’ agreements, alternative setting of care, neuropsychology assessment and a specialist review.
However, for many acute care administrators, one of the biggest challenges involves managing billings effectively in order to maintain a steady cash flow and build a profitable practice.
Whether you are preparing to start a new hospital inpatient care practice or your hospital has been around for decades, there are steps you can – and should – take in order to manage your private insurance and Medicaid billings the right way. At Fortis Medical Billing, we have the knowledge, insights, and experience you need in order to be successful.
About Fortis Inpatient Acute Care Billing Company
Who do you want looking after your inpatient acute care hospital’s billing? Do you want your practice’s coding duties assigned to an entry-level employee who has no background or experience in the inpatient acute care field? Or, do you want to work with a team of seasoned professionals who each bring decades of relevant experience to the table?
At Fortis Inpatient Acute Care Billing Services, we offer the latter. Our company is comprised of physicians, auditors, and former FBI agents who have devoted their careers to understanding the medical billing industry and the myriad laws and regulations that apply. For example, Dr. Stephen Taylor is a registered nurse and physician who has been working in the area of federal medical billing compliance for more than 25 years. Everyone at our company has extensive knowledge and the deep insights you need when making decisions that impact your inpatient acute care practice’s finances and risk, and we truly work as a team to offer efficient, effective, and custom-tailored medical billing solutions to our clients.
Our Medical Billing Services For Inpatient Acute Care Hospitals
Managing your inpatient acute care practice’s billings take time, effort, and expertise. Reducing your denial rate and A/R collection time starts at the coding stage, and making sure you code your billings correctly requires a comprehensive understanding of the various professional, facility, risk adjustment factor(RAF), and other coding rules and requirements that apply. We offer our clients the expertise they need to bill effectively and efficiently with services including:
Billing & Coding – We help inpatient acute care practices all over the state establish compliant billing and coding policies and procedures. We also help our clients integrate these policies and procedures into their patient care and management practices so that the medical billing process is as streamlined as possible. While billing and coding are necessary to operating a successful practice, they should run seamlessly in the background. We provide initial and ongoing consulting services designed to ensure that our clients’ billing programs are assets rather than liabilities.
Auditing – We offer two distinct types of inpatient acute care billing audit services. First, if you are thinking of switching billing companies, we can audit your current billing policies and procedures to determine where and to what extent they are lacking. We can also audit your company’s recent and outstanding billing to determine why claims are being denied, and why it is taking so long for your practice to get paid. Second, as your inpatient acute care service provider, we can audit the results of our own work in order to maintain accountability, identify shortcomings in your internal billing personnel’s practices, and ensure that your practice’s billing efforts are operating at peak efficiency.
Revenue Cycle Management -Effective revenue cycle management (RCM) requires an in-depth understanding of the unique aspects of your practice. Off-the-shelf RCM “solutions” simply are not going to offer the same level of results as a program that is custom-tailored to your inpatient acute care practice. At Fortis Medical Billing, we work closely with our clients to understand their specific challenges and develop creative and targeted strategies to overcome them.
Why Choose Fortis Medical Billing?
If your hospital’s inpatient acute care is in need of medical billing help, why should you choose Fortis Medical Billing?
1. When is it time to seek help?
It is time to seek help from a professional medical billing company if:
- Your inpatient acute care practice is facing cash flow problems
- Your billing company or in-house billing team is falling behind
- You don’t have an up-to-date billing compliance program
- You have a high denial rate or high accounts receivable
- You are not making as much as you would like
2. What do we offer that other medical billing companies do not?
At Fortis Medical Billing, the unique benefits we offer include:
- A 95% success rate in securing payment for our clients’ billings
- A 99% client retention rate
- U.S.-based operations headquartered in Dallas, Texas
- Highly-experienced physicians, former FBI agents, and auditors
- No setup fees
Discuss Your Hospital’s Inpatient Acute Care Practice’s Medical Billing Needs Today
Is it time to seek help? If so, we encourage you to get in touch. To speak with one of our senior medical billing consultants in confidence, call (866) 808-4160 or inquire online today.
Dr. Nick Oberheiden is a federal attorney with 20 years experience in healthcare compliance and defending healthcare providers.
Dr. Stephen Taylor has 25 years as a medical billing specialist and consultant in medical, chiropractic, nursing, and physical therapy.
Ms. Beverly Gibson has been a health care consultant for more than 25 years and specializes in medical record auditing, E/M training, and audit risk mitigation.