Hospital Billing Services

Empowering Hospital Finances through Advanced Billing Solutions

Take control of your billing process and achieve unprecedented efficiency with Neolytix’ EMR-internal approach and advanced analytics.

Streamline Hospital Billing: Overcoming Efficiency Challenges

Dealing with disconnected billing systems, managing intricate payer contracts, and striving to maintain transparency across stakeholders can be overwhelming. Moreover, the issue of Payer Contract rate variance, especially at the code level, is a concern unique to hospital billing.

Unlike Physician billing, where this complexity is less prominent due to the absence of code-level price tables, hospitals grapple with this issue due to readily available code-level information in contracts. With stringent healthcare regulations adding to the complexity, we’re here to offer a solution.

Disconnected Billing Systems

Managing billing with disjointed systems results in data discrepancies and communication gaps. Traditional billing services use standalone platforms that require APIs or data transfers, leading to delays, and inefficiencies trying to synchronize two different systems for no good reason. These inefficiencies not only hinder the billing process but also impact overall financial management.

Lack of Transparency

Limited visibility into the billing process creates obstacles in collaboration and decision-making across various departments. COOs need insights to drive operational strategies, while Billing Managers require accurate information to streamline revenue cycles. Inadequate transparency causes miscommunication and prevents stakeholders from working cohesively toward revenue optimization.

Complex Payer Contract Management

Navigating the intricate landscape of payer contracts poses significant challenges. Hospital billing involves a multitude of codes and contract rates that require precise management. Without dedicated tools and expertise, errors in code-level contract rate variance can occur, leading to revenue leakage and compliance issues. The complexities of hospital billing demand specialized solutions for accurate contract management.

Resource Drain due to Data Transfers

Traditional billing services necessitate the extraction of data from your EMR system, billing on their platform, and transferring data back. This cycle consumes valuable time and resources, diverting your staff's focus from core healthcare activities. These resource drains impact patient care quality and operational efficiency, hampering your ability to provide exceptional services

Compliance and Regulation Hurdles

The healthcare industry is subject to rigorous regulations and compliance standards. Hospital billing must adhere to a complex web of rules, including HIPAA and CMS guidelines. Staying up-to-date with ever-evolving regulations is a daunting task, and non-compliance can lead to hefty fines and legal issues. Navigating these regulatory waters requires meticulous attention and a dedicated focus that traditional billing services may struggle to provide.

Boost Revenue: Neolytix's Innovative Hospital Billing Solution

Our approach is rooted in providing unparalleled control, superior analytics, and advanced visualization tools, all seamlessly integrated into your existing EMR system. This distinctive approach ensures that your hospital’s billing efficiency is not only optimized but also aligned with your strategic goals which include maximizing revenue.

Seamless EMR Integration

Unlike conventional billing partners that employ separate systems, Neolytix harnesses the power of your EMR system to streamline the billing process. We work within your EMR environment, whether it’s eClinicalWorks (eCW), EPIC, Cerner, Athena, or other leading systems.

By eliminating the need for data extraction, separate billing platforms, and data transfers, we ensure optimal efficiency and minimize resource drain.

This approach allows your hospital to retain control and maintain a clear view of the entire billing process.

Empowering Stakeholders with Advanced Analytics

Neolytix goes beyond conventional billing services by offering a robust analytics infrastructure powered by Power BI and advanced visualization tools.

Our focus on analytics and dashboards transforms raw data into actionable insights, offering unparalleled visibility for stakeholders across your hospital’s hierarchy – from COOs to Billing Managers.

Managing Payer Contract Variance at Code Level

Payer contract rate variance, particularly at the code level, is a distinctive challenge in hospital billing. Unlike physician billing, where this complexity is less pronounced due to the absence of code-level price tables, hospitals grapple with this issue due to readily available code-level information in contracts.

Neolytix recognizes this challenge and provides specialized solutions that meticulously manage and analyze payer contract rate variance.

Increased Efficiency Through Robotic Process Automation

Neolytix leverages Robotic Process Automation (RPA) to supercharge hospital billing efficiency. RPA seamlessly integrates with your systems, automating routine tasks and ensuring precision.

This technology slashes manual work, accelerates data entry, claims processing, and payment follow-ups, freeing up your staff for more critical duties. It significantly reduces resource utilization, enhances revenue collection, and ensures compliance with healthcare regulations.

Front Desk Coordinator: Optimizing Patient Interactions

Neolytix offers the option of an on-site Front Desk Coordinator as an integral part of our Hospital Billing Services.

Our Front Desk Coordinator is dedicated to enhancing patient interactions and operational efficiency. They provide invaluable patient billing support, handling inquiries, and assisting with billing-related questions. Moreover, they excel in collections, ensuring that payment processes are streamlined and efficient.

Apart from billing efficiency, with a focus on scheduling coordination, our on-site coordinator optimizes appointment management, reducing wait times, and enhancing patient satisfaction.

Hospital Billing Efficiency Made Easy

Fast-track your journey to billing efficiency by scheduling a no-obligation consultation with our specialist.

How We Do It?

At Neolytix, our commitment to elevating hospital billing efficiency is deeply ingrained in our comprehensive methodology. We have meticulously crafted a process that combines cutting-edge technology, expert insight, and industry best practices to deliver unparalleled results. Here’s an insight into how we make it happen: Click the below blocks to go through the process step by step.

Discovery and Analysis

EMR Customization

Advanced Analytics Implementation

Preventing Resource Draining

Payer Contract Management Solutions

Stakeholder Training and Support

Robotic Process Automation (RPA)

Continuous Improvement

Discovery and Analysis

EMR Customization

Advanced Analytics Implementation

Preventing Resource Draining

Payer Contract Management Solutions

Stakeholder Training and Support

Robotic Process Automation (RPA)

Continuous Improvement

TESTIMONIALS

Listen to what our clients
have to say

      
   Neolytix
   35 Google reviews 
  Write a review 
  
 
 
   
 
 
        
   Sarah Charmchi 
 
 
 
  I chose Neolytix for credentialing our practice. The team was knowledgeable, responsive  and kind and supported us through the process. I would certainly recommend their services.
  
 
       
   Sue Robbins 
 
 
 
  Neolytix has helped so much with our outstanding A/R. They are always so very willing to help and complete the task in a timely manner.
  
 
       
   Toby 
 
 
 
  We transitioned to Neolytix a while back, having come from a billing company we were less than thrilled about.  The people here have been very responsive to our needs and requests, and adapt quickly to whatever curve balls our practice throws them.  They bring a wealth of knowledge to the table, and take the attitude that our success is their success.
  
 
       
   Sandy M 
 
 
 
  I was a new office manager for a private practice when I hired Neolytix for credentialing assistance. Eden has been very thorough and helpful every step of the way. insurance credentialing can be so overwhelming at times, that having this task off my plate has given me a peace of mind. I know she is handling everything. Always quick to respond to questions or concerns.
  
 
       
   Cheryl Lambert 
 
 
 
  Neolytix is the most professional and hard working billing company I have ever been partners with .  I call them a partner because they truly are.  Neolytix makes sure what they bill is accurate.  Their knowledge of physician billing is outstanding.  The entire team takes control and does what is necessary to make sure you get paid.

Why Choose Neolytix?

With over 11 years of experience in the healthcare billing industry, Neolytix has honed its expertise to perfection. Our team understands the intricacies of hospital billing, allowing us to provide you with tailored solutions and expert guidance.

Having assisted over 150 healthcare organizations nationwide, our success stories speak volumes. Neolytix has a consistent record of optimizing revenue cycles, reducing costs, and enhancing billing efficiency for a diverse range of clients.

With our roots firmly planted in Chicago, we intimately grasp the intricacies of the American healthcare system, ensuring our solutions are finely tuned to meet the unique needs of U.S. healthcare providers.

Schedule a free consultation today to learn more

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Hospital Billing Services

Streamline Hospital Billing: Overcoming Efficiency Challenges

Disconnected Billing Systems

Lack of Transparency

Complex Payer Contract Management

Resource Drain due to Data Transfers

Compliance and Regulation Hurdles

Boost Revenue: Neolytix's Innovative Hospital Billing Solution

Seamless EMR Integration

Empowering Stakeholders with Advanced Analytics

Managing Payer Contract Variance at Code Level

Increased Efficiency Through Robotic Process Automation

Front Desk Coordinator: Optimizing Patient Interactions

Hospital Billing Efficiency Made Easy

How We Do It?

Discovery and Analysis

EMR Customization

Advanced Analytics Implementation

Resource Drain due to Data Transfers

Payer Contract Management Solutions

Stakeholder Training and Support

Robotic Process Automation (RPA)

Continuous Improvement

TESTIMONIALS

Why Choose Neolytix?

11+ Years Experience

150+ Healthcare Organizations Served

100% American Owned

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