The PrognoCIS billing and revenue cycle management solution benefits from the very large experience base the company has built up in this domain. This allows them to reduce the payment cycle, improve returns and eliminate unnecessary work. With expert help handling billing, medical practices are able to minimize administrative and backend staff and focus on their core activities. Only in case of rare or complex queries does the RCM team ever have to get in touch with clinic personnel to clear doubts. PrognoCIS has evolved smoothly to ICD - 10 from ICD - 9 coding. There has been no reduction in claim approvals with the switchover to ICD - 10.
Working behind the scenes, PrognoCIS takes on all billing-related activity including the creation and processing of patient statements, creating bills and sending them to insurers for reimbursement, following up on all denied claims and all related activities.
The solution creates detailed financial statements and RCM reports that help practices fine-tune their operations and improve efficiency. Unlike many other medical billing solutions, PrognoCIS has a customizable claims scrubber that can be programmed to meet specialty, state and practice-specific guidelines. Close follow up is also maintained on all claims to ensure a very high percentage of first-pass claims.
PrognoCIS has entered into a partnership with OpenEdge to offer secure card-processing services. This allows the billing system to accept payments via phone, mail, direct payments or online payments. The system also caters to patients paying in installments. This further improves collections and builds better relationships with patients.
A great feature is direct employer billing. If your clinic has been appointed to care for patients who are employees at a large company, you can bill the parent company instead of individual patients. This simplifies bill management both for the client company and individual patients. It also allows the clinic to handle the relationship better, because the volume of business being generated is very clear.
With PrognoCIS handling the billing, physicians and clinic administrators are able to get on with their primary tasks rather than worry about the financial aspect of their business. Many issues can arise with billing; PrognoCIS appears to have anticipated them all.