Medical Billing Reports and why it's important for your practice?

Medical billing reports are a key component for understanding what’s going on in your medical practice. Without good reporting, it’s difficult to determine whether your practice is making money or not.

Monthly reports can show you

• how your medical practice is performing on important revenue cycle metrics,
• whether claims are being paid on time,
• how well insurance companies are paying you for key procedures,

How do you determine which are the most effective reports to verify?

 How can you determine how well your individual providers are doing?

 How can you measure which insurance companies are paying you the most?

How do you determine which denial code ratio is high?

AGA has a solution for all these questions!

Klaim.AI is Cloud software that is designed to help Healthcare Providers to succeed clinically and financially with value-based care.

Klaim.AI is a fintech platform specialized in healthcare, enabling providers, insurance companies, and regulators to Trace, compile claims history, and provide decision-makers with useful dashboards.

Klaim.AI Analytics is designed to target Billing and Revenue Cycle Managers while keeping Healthcare Owners or Senior Healthcare Executives in mind by providing them a 360 view of their billing and Revenue Cycle Management situation.

With a comprehensive set of very user-friendly dashboards and reports, Klaim.AI Analytics helps its users to clearly understand the situation on claim submissions and approvals, to improve payment collections, and ultimately to accelerate cash collection and profitability.

ONE OF THE KEY FEATURES OF KLAIM.AI IS

REPORTS:

Reports have been designed to help both Executives and Billing Managers be updated with Revenue Cycle Management matters to speed up recovery and maximize collections.

LIST OF KLAIM REPORTS:

1. Direct Billing Report:

Billing situation for each patient/encounter

2. Remittance Report:

Claim remittances received showing updates on each activity/claim. Effortlessly identify what has been approved, what is pending, and what has been denied.

3. Rejection Report:

To prevent losses, the rejection report enables Billing Managers to stay on top of the rejections received. Denial management/claim resubmission can start as early as possible.

4. Claim Aging Report:

Quickly identify your claim aging situation to manage cash flows. This Report includes all claims and activities that have not yet received remittance advice from the Payers.

5. Reconciliation Report:

Our state-of-the-art reconciliation engine performs reconciliation of claims submission and remittances all the way to the activity level. Monitor accurately the status for your remittances not only at the claim but also at the activity level.

 6. Pending Claims Report:

Your Billing Managers can be automatically informed when new notification of claims has been received from insurance companies.

7. Clinicians Report:

In a group of practices, this report clearly shows which clinician/doctor creating more revenue for your medical facility.

Explore our KLAIM.AI software features & add-ons.

All the tools you need to make billing, collections & managing your practice more convenient & productive

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