15th APRIL 2019, New York: Vision-iKnowledge Solutions is a New York-based company which offers Revenue Cycle Management solutions to health care providers in the US. One useful service offered by VISION is that of verification of insurance eligibility and benefits of patients as part of eligibility verification healthcare.
VISION was launched in New York in 2008, with the objective of generating tangible value to healthcare providers by introducing efficiencies within their business processes. The company helps both doctors and medical billing companies increase collections by 12% to 20% at shorter turnaround times and reduced costs.
Since 2008, VISION has helped group practices, doctors, hospitals and other healthcare providers to utilize process optimization and create economies of scale. The company has a cutting edge delivery center in Gurgaon, India which is the hub of IT-enabled services and which prepares claim data for filing as well as follow-ups on all claims in 24 x7.
The experience, quality processes and resources of the company have helped its partners to enhance productivity, efficiency, improve focus on patient care and increase their bottom-line. The time difference between India and the US ensures overnight processing and difference in the wage structure and real estate costs endows the company with economic viability. The company offers the best of both worlds-a US company with Third World costs.
The complete spectrum of services of the company includes medical billing, medical coding, electronic health records, medical transcription and especially, authorization of physician insurance.
One important service of the company is eligibility and benefits verification for medical billing. The company’s services span the complete life cycle of the claim. The patient demographics, appointments, case notes, insurance details, and superbills are transmitted electronically to the back office in India. These are then processed and filed for ensuring a speedy turnaround time.
Insurance eligibility and benefits verification is the first and one of the most important steps of medical billing. But it can be time consuming and distractive for the front office staff of the healthcare provider. VISION provides efficient and cost-effective services and simplifies the process for clients.
The company collects accurate and complete information about insurance claims before the patient visit. Its eligibility and verification specialists examine patient schedule in advance, check eligibility of the patient for insurance, analyze the type of coverage of the patient and determines the kind of co-pay applicable for the upcoming visit. They also check his deductibles and how much has been applied already.
The above information is sent to the client or updated in the client’s Practice Management/ EHR software and is readily available to the front office staff of the health care provider client when the patient checks in. Garnering all such information at this time, helps the staff of the client to collect co-pays at the point of service which generates more revenue and reduces administrative costs.
About The Company: Vision-iKnowledge Solutions is a US based company which provides Revenue Cycle Management Services to healthcare providers across the country. It is served by a back office in Gurgaon India which makes its services efficient and cost-effective.