Services
Valiant Billing offers a comprehensive suite of services for healthcare facilities, including a meticulous Verification of Benefits (VOB) process, authorization acquisition from insurance carriers, and highly accurate claims submission for prompt reimbursements. Our monthly in-depth reporting and payor credentialing safeguard revenue streams and enhance operational efficiency, transforming billing challenges into financial success through precision, compliance, and strategic support.
A Verification of Benefits (VOB) is essential in substance use treatment centers, confirming insurance coverage and patient financial responsibilities, thus preventing unexpected costs and enhancing transparency. Valiant Billing's VOB process, involving both telephonic and online methods, ensures accuracy and efficiency, streamlining billing and claims while focusing on patient care and financial clarity.
Verification of Benefits
Obtaining authorization from insurance carriers, based on medical necessity, is crucial in healthcare, requiring detailed clinician notes and regular reviews for continuous treatment authorization. This meticulous process ensures uninterrupted patient care and stable revenue for facilities, as it involves diligent authorization requests, comprehensive documentation, and efficient communication with insurance carriers.
Utilization Review
Claims submitted by healthcare providers go through a clearinghouse audit for accuracy, aiming for "clean floor claims" to ensure no delays in payment. This process, along with the use of weekly Census reports in tools like AveaOffice, is crucial for efficient, error-free billing and optimized revenue cycle management.
Claims Submission
Regular reporting by Valiant Billing offers healthcare facilities critical visibility and actionable insights into their claims processing, with reports provided weekly and on specific dates each month using AveaOffice's report builder. This approach ensures continuous monitoring, enhances cash flow management, aids in performance evaluation, and prepares facilities for audits, thereby improving operational health and financial sustainability.
Reporting
Proper credentialing, as facilitated by Valiant Billing, is essential for healthcare facilities to establish legitimacy with insurance payors, ensuring smoother claim processing, timely payments, and a secure revenue stream. This process not only simplifies claims submission and expands market access but also is crucial for compliance, risk management, and setting up efficient billing services.