Revenue Cycle Management - GEOID CONSULTANCY PRIVATE LIMITED

Our practice would like you to evaluate our collections each month. How would you go about doing this?

By geoid|2015-10-02T22:07:37+05:30October 2nd, 2015|Consulting, Revenue Cycle Management|

GoSoft will evaluate your entire revenue cycle management and provide a report. The specific process we will evaluate are [fontawesome icon="fa-check" circle="yes" size="13px" iconcolor="" circlecolor="" circlebordercolor="" rotate="" spin="no" animation_type="0" animation_direction="down" animation_speed="0.1" alignment="left" class="" id=""]Patient Registration [fontawesome icon="fa-check" circle="yes" size="13px" iconcolor="" circlecolor="" circlebordercolor="" rotate="" spin="no" animation_type="0" animation_direction="down" animation_speed="0.1" alignment="left" class="" id=""]Insurance Verification [fontawesome icon="fa-check" circle="yes" size="13px"

Are your services HIPAA compliant?

By geoid|2015-08-08T11:29:19+05:30August 8th, 2015|Consulting, Phone Receptionist, Revenue Cycle Management, Software, Transcription, Web Design and Marketing|

Yes, all of our services are HIPAA compliant. For more information about HIPAA, please click on About Us.

How do I know how GoSoft is performing?

By geoid|2015-08-04T22:24:01+05:30August 4th, 2015|Revenue Cycle Management|

Well, the best way is to see an improvement in collections. However, you will be able to log in to MagikTrak or the Practice Management Software and look at our performance real-time. We believe in transparency and will do what it takes to ensure that we are keeping our clients happy.

What is MagikTrak? Will my staff get trained on how use it?

By geoid|2015-08-04T22:21:16+05:30August 4th, 2015|Revenue Cycle Management|

MagikTrak is a powerful web based HIPAA compliant portal that provides the office with powerful data analytics. As the name suggests, it tracks all claims through the entire revenue cycle management until the claim is paid. It provides real-time information on claim submission, payment posting, payer changes, and insurance follow up notes with tasks assigned

How will GoSoft be motivated to work hard when they are not charging a percentage of collections? Are our interests aligned?

By geoid|2015-08-04T22:07:25+05:30August 4th, 2015|Revenue Cycle Management|

We get asked this question more often than not. It is our belief that we should not be taking a percentage of collections by just entering ICD and CPT codes. Charging 6% to 8% for entering a code for an office visit that doesn't require much expertise is too expensive for the practice. The majority

What will be my cost savings?

By geoid|2015-08-04T21:57:59+05:30August 4th, 2015|Revenue Cycle Management|

On average, medical offices spend about 6% - 8% of their total revenue collected on their billing department. This is true whether the office has outsourced its billing to a company or doing it in-house. GoSoft typically charges customers about 3% - 3.5% of their total revenue collected. We charge based on man power used

Why should I hire GoSoft when I already have a biller?

By geoid|2015-08-04T21:50:34+05:30August 4th, 2015|Revenue Cycle Management|

There are 3 aspects to the revenue cycle management. (1) Coding and Billing (2) Payment Posting (3) Follow Up. From our experience working with many offices, it is often not possible for a single person to work on all these aspects. We work with many offices with 1-5 physicians and find that the Accounts Receivable

I already have a billing manager who does my billing. Can you assist with AR follow up on 90+ days and 120+ days claims?

By geoid|2015-08-04T21:41:38+05:30August 4th, 2015|Revenue Cycle Management|

Yes. We will be happy to work on your past AR for a set price. The price depends on the status of your AR, how much man power you require and how quickly you plan to work on the claims. GoSoft can analyze your AR report and make a recommendation.

Do I need to change my practice management or EMR software?

By geoid|2015-08-04T21:38:38+05:30August 4th, 2015|Revenue Cycle Management|

No. GoSoft can work with any software that is already in place. It is our preference to minimize changes to workflows that are already working well. However, if you are looking for a software, we can make a recommendation and assist with set up.