Happy Thanksgiving, from our family to yours!

Happy Thanksgiving, from our family to yours! 

#happythanksgiving #thanksgiving2021

Accounts Receivables process is crucial for efficient #business and profitability. Vee Technologies ensures orderly #accounts receivables increase cash flow, decrease bad debt and shortfall of cash, and secure financial data.

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Member Management

Member Management services offered by Vee Technologies help healthcare organizations to reduce their administrative burden and ensure smooth enrollment of the members

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#MemberManagement #enrollmentservices #industry #claimpayments #PremiumInvoiceBilling #VeeTechnologies

Revenue Cycle Management

Revenue cycle management (RCM) is the financial process that healthcare institutions employ to monitor patient care sessions from enrolment and appointment booking to final payment of a balance using medical billing software.

RCM connects administrative and clinical data, such as a patient's identity, health insurer, and other private details, with the treatment a patient receives and their health information.

One of the most important aspects of RCM is communicating with health insurance companies. When a patient makes an appointment, the physician's office or hospital personnel usually double-checks the patient's claimed insurance coverage before the appointment. A healthcare practitioner or coder categorizes the nature of the therapy using ICD-10 codes when an insured patient receives treatment for a specific condition and pays any applicable co-payment. The hospital or care facility then submits the care summary, along with ICD and CPT codes, to the patient's insurance company to determine what percentage of the care will be reimbursed by insurance and what portion will be billed to the patient.

Revenue cycle

As per the Healthcare Financial Management Association, the revenue cycle encompasses all clinical and administrative operations that contribute to the capture, management, and collection of patient service revenue (HFMA).

The revenue cycle entails the following steps:

Charge capture: Medical services are converted into chargeable expenses.

Claim submission: Making claims to insurance companies for billable fees.

Coding: Diagnoses and procedures must be coded correctly.

Patient collections: Calculating and collecting payments from patients.

Preregistration: Before a patient comes for inpatient or outpatient services, preregistration data such as insurance coverage is collected.

Registration: In order to establish a medical record number and meet numerous regulatory, financial, and clinical criteria, additional patient information is collected during verification.

Remittance processing: Remittance processing is the process of applying or declining payments.

Third-party follow up: Receiving money from third-party insurance companies.

Utilization review: Assessing the medical services' relevance.

Factors that affect the revenue cycle

Internal and external factors influence how revenue is collected, just as they do with any financial concern.

Internal factors such as physician efficiency, patient volume, and service prices can all be influenced by a healthcare organization. External factors, such as patient payments or insurance company claims reviews, are more difficult to alter.

Revenue cycle management systems

To organize and maintain patients' billing records, healthcare providers frequently acquire and use designated revenue cycle management systems. As patients progress through the treatment process, a successful RCM system can minimize the time between providing a service and collecting payment by connecting with other health IT systems, such as electronic health records (EHR) and medical billing systems.

An RCM system can also save time in the healthcare industry by automating tasks that were previously performed by employees. Administrative responsibilities include notifying patients of scheduled appointments, reminding payers and patients of outstanding balances, and contacting insurance with specific concerns when a claim is refused.

RCM systems can potentially save money for providers by providing insight into why claims are refused. An RCM system, in particular, can reduce denied claims by forcing healthcare workers to provide all of the information needed for claims processing. This eliminates the need for them to amend or resubmit the claim, and it gives providers a better understanding of why particular claims has been refused, allowing them to correct the problem. This also guarantees that physicians are fairly compensated for treating Medicare patients.

To define and track revenue objectives, a firm can purchase data analytics software and employ dashboards. By sorting billing data and providing matching reports, the company may see where its revenue cycle could be improved.

Revenue cycle management solutions now contain advanced analytics to guarantee that the correct medical codes are allocated to the correct patient, as well as robotic process automation to expedite the process.

RCM and value-based care

RCM technologies, according to some experts, will eventually aid in the industry's shift from fee-for-service to value-based compensation. Many of these RCM systems include analytics that allows payers and providers to obtain a more thorough look at their patient demographic, such as what percentage of their patients have which chronic diseases, as well as monitor claims data and detect any anomalies.

This is especially significant in light of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), a piece of proposed laws aimed at promoting value-based care and reimbursement in healthcare.

Know More: https://www.veetechnologies.com/industries/healthcare-provider/revenue-cycle-management.htm

Job Opening for Senior Design Engineers - HVAC Design

 We are hiring Senior #Design #Engineers - #HVAC Design. Please go through our website for more details and be a part of our family. 

Apply here – https://bit.ly/2Yx92Nn

For More Details 

Umashree SV-9901337432

umashree.v@veetechnologies.com

#EngineeringJobs #EngineeringDesignJobs #HVACDesigner #SalemJobs #BangaloreJobs #RevitDesign #BIMDesign #MEPDesign #AutoCAD #Salem #Bangalore #jobhiring #jobvacancy #jobopportunity

Claims Management

Vee Technologies offers claims management services to the payers. Through EDI conversion, BPM, and KPM we cut down cost and TAT. We have deep understanding and evaluation of methodology of medical claims.

Know more: https://bit.ly/3bXjmBf

#ClaimsManagement #ClaimsConversion #ClaimsRepricing #ClaimsAdjudicationSupport #revenue #streamlineoperations #processredesign #claimspayment #medicalclaims #VeeTechnologies 

Clinical Documentation Improvement

Vee Technologies, and our experienced CDI assessment experts, review provider documentation for an accurate representation of patient's clinical status. Medical records with inconsistent, deficient, or unspecified documentation can be damaging to the health of a patient and lead to a loss in revenue. Follow the link, to learn more about our suite-of-services! 

https://zcu.io/w4Kf

Vee Technologies

Vee Technologies provides cutting-edge technology-enabled solutions customized to meet the unique requirements of our clients. To learn more about our services, follow the link! 

https://zcu.io/CVd8

Engineering Services & Solutions

Our Product Engineering and Manufacturing services help companies that are challenged with new technologies, product engineering, process optimization, and manufacturing development. To learn more about our services, follow the link! 

#Engineering

https://zcu.io/4JuA

Vee Technologies

Vee Technologies delivers a suite of revenue cycle management and health information management outsourcing services to leading healthcare industries. To learn more about our suite-of-services, follow the link!

#healthcare #healthcaresolutions 

https://zcu.io/o6F9

Vee Technologies wishes you a happy and prosperous Diwali!

 Vee Technologies wishes you a happy and prosperous Diwali!

#Diwali #prosperousDiwali #festivaloflights #goodoverevil #Diwali2021 #festival #safediwali #festivevibes #DiwaliFestival #DiwaliWishes #HappyDiwali #VeeTechnologies

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Vee Technologies wishes its CEO & MD, Mr. Chocko Valliappa, best wishes on his Birthday.

Mr. Chocko Valliappa, the CEO & MD of  Vee Technologies, is a dynamic leader and an entrepreneur. We wish him a Happy Birthday!

#CEO #Entrepreneur #dynamicleader #Manwithinspiringforce #Manwiththeinspirationalforce #birthdaywishes #Chocko #ChockoValliappa #VeeTechnologies

We are hiring Product Design Engineer to join our Vee Technologies team.

We are hiring #Product #Design #Engineer to join our #VeeTechnologies team. 

Apply now – https://bit.ly/3nFLlLg

For More Details 

Umashree SV-9901337432

umashree.v@veetechnologies.com

Raja Surya Nukala - 9052117143

rajasuryanukala.s@veetechnologies.com 

#EngineeringJobs #ProductDesign #ProductDesignEngineer #SalemJobs #BangaloreJobs #RevitDesign #MEPDesign #AutoCAD #BIMDesign #Salem #Bangalore #jobhiring #jobvacancy #jobopportunity #dreamcareer

 

Vee Technologies is looking for a Senior Design Engineer (Structures) to join their team.

Vee Technologies is looking for a Senior #Design #Engineer (#Structures) to join their team.

Apply now – https://bit.ly/3BrIzOG

For More Details

Vandana Sharma -+91-9575533999 (Available on WhatsApp)

vandanasharma.r@veetechnologies.com

#designengineers #autocad #bim #revitstructure #staadpro #hiringengineers #salemjobs #jobopportunites #ramelements #salem #bangalore #bangalorejobs #jobhiring #jobvacancy #jobopportunity #dreamcareer #VeeTechnologies