Managed Care Boot Camp Utilizing Managed Care Claims Data Effectively for Improved Revenue Presented By: Kerry Elledge Quadax, Executive EDI 5/16/2013 Managed Care Boot Camp Introduction: Quadax • • • • Revenue cycle systems & services Exclusively serving the Healthcare market Privately held company, 550+ employees 800+ clients in over 33 states ~ 766 EDI Services clients (7 States) ~ 50 A/R Services clients • Client retention of 95%+ has been driven through true partnerships . .. . .. Managed Care Boot Camp Claim Life Cycle - EDI • Claim Drop – From Host System • Scrub-A-Dub Dub: – Edits: Payer, NCD, LDC, CCI, MUE, OCE – Edits: Custom Cleaner claims Faster reimbursement Better cash flow! . .. . .. Managed Care Boot Camp Claim Life Cycle - EDI • Auto Release (Clean) or Correct and Release • Off to the Payer – Accept or Reject • Into the Payers Adjudication System – To Pay or Not to Pay…That is the ? • Return 835/Remittance . .. . .. Managed Care Boot Camp Key Managed Care Points • Medicare No-Pay Claims – HIC # – Condition Code • Medicare/Medicaid Edits applied to Managed Care Plans . .. . .. Managed Care Boot Camp Key Managed Care Points • Eligibility Edits – Medicare – Check various eligibility information HMO Managed Care/PPO (Includes Plan ID and Name) Enrolled in Hospice Skilled Nursing Facility Care Part A/Part B Coverage • Reporting Specific to Managed Care – Segmentation – Claims/Remittance/Denials (Get 835) . .. . .. Managed Care Boot Camp Key Managed Care Points: Automated Secondaries • Claims are processed more quickly - You receive payment faster • You’ll be aware of denials sooner with greater opportunity to reverse • Key savings opportunities – – – – No longer paying postage No longer have to pay for the forms Save employee time of manually creating secondaries Streamlined follow-up . .. . .. Managed Care Boot Camp Key Managed Care Points: Denial Management Where do denials come from? Scheduling Service Collecting Payment Billing Service • Effective denial management strategy Providing Service – Identify, Classify, Quantify – Manage Denial Follow-Up – Prevent Denials Through Process Improvement – Develop Effective Reporting Coding Service Any and all points in the revenue cycle . .