In the complex world of healthcare finance, efficient billing and quick reimbursements are critical to maintaining a healthy cash flow. This case study details how HMG Healthcare, operating 33 Skilled Nursing Facilities (SNFs) in Texas and Kansas, revolutionized its billing process using Inovalon’s advanced software solutions. By integrating these tools into their PointClickCare (PCC) system, HMG Healthcare significantly improved its revenue cycle management, ensuring faster payments and fewer denials.
In This Guide, You Will Discover:
- Enhanced Cash Flow: See how HMG Healthcare reduced its
billing cycle time from 15 to 9 days, ensuring quicker payments and reducing
dependency on credit lines. - Efficient Claims Management: Learn about the seamless
integration of Inovalon’s Claims Management Pro and Claims Management
Medicare Pro into the PCC system, which eliminated manual claim submissions
and streamlined the entire billing process. - Reduced Denials: Understand how cleaner claims reduced
denials from 7% to 3%, saving staff time and improving overall efficiency. - Scalable Solutions: Explore how the adoption of Inovalon’s
solutions allowed HMG Healthcare to manage an increased number of claims
without adding extra staff, highlighting the scalability and efficiency of
these tools. - Improved Customer Experience: Discover how the
implementation of Patient Payment Management enhanced the financial
experience for residents, facilitating easier and more efficient payment
options.
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About Inovalon
Inovalon is a market leader in providing cloud-based SaaS solutions designed to enhance data-driven healthcare. The Inovalon ONE® Platform brings together extensive connectivity, real-time primary source data access, and sophisticated analytics to improve clinical outcomes and financial performance across the healthcare ecosystem. Serving nearly 20,000 customers across 50,000 sites of care, Inovalon continues to drive innovation and efficiency in healthcare.