Our Revenue Cycle Management services enable you to maximize revenue capture, minimize denials and rejections, streamline operations, and maintain compliance with regulatory requirements.
Lapiz focuses on the following scopes/departments in RCM
Demographics entry
Charge Capturing
Insurance/eligibility verification
Prior Authorisation
Coding
Accounts Receivables
Payment Posting
Demographic Entry
Patient demographic information forms the cornerstone of healthcare insurance claims. Essential details such as age, sex, address, and insurance number are collected through a Patient Registration Form. This information is then entered into the billing software and sent to the Payer.
Charge Entry
Charge entry involves the systematic recording of healthcare services and corresponding charges for accurate billing and reimbursement. Once the correct medical codes are assigned to diagnosis and procedures, the charge entry step ensures that these codes, along with associated fees are entered into the billing system and it forms the foundation of a claim, providing a comprehensive breakdown of the services provided during a patient’s visit.
Insurance/Eligibility Verification
Will ensure that the patient’s insurance plan is active and that the services they receive from the provider are covered by the plan. Insurance eligibility verification involves collecting and verifying the patient’s insurance information, including their insurance policy number, group number, and subscriber name with their insurance company. By confirming insurance details in advance, healthcare providers can prevent claim denials, minimize billing errors, and streamline the entire medical billing process.
Clean Claims, Higher Gains
We provide expert services in clean claim submissions which will result in maximizing the reimbursements for the providers and ensuring timely payments from insurers
Streamline Operations & Save Time
We help you get faster claim submission and turnaround times, reduce the administrative burden on your staff, and improve patient communication about billing.
Maximize Revenue & Minimize Errors
We strictly adhere to all HIPAA regulations and secure data storage and transmission practices. We conduct quality control measures to minimize the risk of fraud and abuse.
Enhance Patient Experience
We provide clear and transparent billing statements. We have a dedicate team for patient billing inquiries to reduce patient billing errors and disputes.
Lapiz offers empowering services for a brighter future. Interested to know more about our service?