Glenwood has been recognized for it's strong billing expertise, proven
technologies and innovative business offers.
The complexities of Medical billing now require a Specialist. With
reduced reimbursement rates from Insurance companies and
ever-changing policies, it is now more important than ever that
claims be processed accurately the first time. The medical office is
working on less cash flow due to the reimbursement policies of the
Insurance companies. Any delay created by a rejected claim could
prove devastating to the medical provider. Currently, the medical
community is faced with the dual challenge of providing quality care
and improving financial results with increased cash flow, reduced
operating expenses and reduced headcount. Providers must meet these
challenges while operating in an environment made increasingly
complex by managed care, multiple Insurance carriers and various
entitlement Programs. Traditionally, Physicians provided medical
care and left the business details of the practice to the
administrative staff. Today's healthcare system is more complex.
With the increased emphasis on providing cost-effective, high
quality care, Physicians must demonstrate their value to Patients,
Managed care Organizations, Hospitals and other Healthcare
consumers.
Today, 20-30% of all paper transactions are billed incorrectly by
Practitioners and are returned by the Insurance companies. Of those
claims that are returned, 50% are never resubmitted and are written
off as bad debts. Glenwood Systems provides billing services that
maximize revenues for you while maintaining the very highest ethical
standards. Some of the billing-related services Glenwood Systems
provides are:
Full service billing functions (including data entry)
Daily follow-up to ensure prompt payment of all claims Each
claim
individually tracked with a tracking number
Daily billing by medical claims
Specialists
Complete billing to primary and secondary
Providers
Internet/Intranet access via a common web-browser, 24 hours a day,
7 days a week
Expertise in handling workers compensation and auto accident claims
Audits of
EOB's
Daily posting of payments
Comprehensive management reporting including productivity reports
for
Practice management and compensation purposes.
Individual representatives specifically assigned to each client