How can an inventory management solution help reduce claim denials?
By Besse Medical
We all know that denied claims can pose huge financial challenges for vision practices, and often stem from errors in billing processes. Correct charge capture, management of patient benefits, and the securing of prior authorizations are critical steps that can lead to claim denials and disrupt your revenue flow if not handled correctly.
When treatments are recorded correctly and completely, have the necessary authorizations, and align with patient benefits, you can mitigate the chances of claims being rejected by insurers.
A modern inventory management solution such as PODIS® Plus is designed to help your vision practice tackle these challenges head-on by improving billing accuracy and reducing the chance of errors.
One of the most popular features in PODIS Plus is the billing accuracy report. It highlights any discrepancies between captured charge pay data and the drugs dispensed by technicians in PODIS Plus, so that those discrepancies can be quickly corrected. A wide range of alerts also have your back. Diagnosis alerts will warn you that a dose being dispensed is something the patient’s insurance might not cover. You can proactively discuss with the patient, explore treatment options, or dispense anyway. Other alerts can notify you if a patient is on an assistance program but receiving a billable dose.
And PODIS Plus can also streamline prior authorization management. You can record these details manually, or take advantage of the integration between PODIS Plus and our patient-benefit partner which will bring you this essential information when you need it, saving time and giving you greater confidence in managing patient treatment.
For more information on how PODIS Plus can support your practice in reducing claim denials and maintaining your financial health, contact your Besse Medical or Cencora account manager, or the Besse Medical customer service team at 800.543.2111.
