Today, many hospitals are running on loans/debt, when insurance companies owe them in lakhs or crores. Though Credit business is going to be the future of healthcare industry in INDIA shortly, many hospitals lack professionals trained in handling credit billing effectively, causing disallowances, rejections, returns of bills which in turn will affect the very existence of the hospitals.
HOSCONS, through its Revenue Cycle Management Division provides comprehensive solutions to the hospitals in credit business by taking over/providing expert training on
Outsourcing of 360° Credit Billing - from front desk till collections
Validation of Credit Documents (Approval letters, Pre-Auth, Required docs, etc)
Preparation of bills as per MOU with insurance companies/corporate
Validation of Credit Bills
Documentation to avoid/reduce disallowances
Submission of bills well before deadline to ensure timely payment
Follow up with Corporates/Insurance Companies for timely payments
Redressal of queries raised by Corporate/Insurance
Rate Negotiation Assistance with Corporates/Insurance.