Visit Based/Geriatric SolutionsSolutions for Your Practice
Providing solutions for the Long Term & Palliative care providers. CompMed has partnered with Sevocity to provide a comprehensive end-to-end solution for your practice. The Sevocity EHR captures clinical information and then seamlessly integrates with the CompMed billing computer to bill out and collect on the charges generated in this setting.
Physicians in the Skilled Nursing Home setting particularly enjoy our partnership with Sevocity. CompMed clients are eligible to receive special pricing rates from Sevocity. Long-term and Palliative care providers generally do not have a billing office staff, and are overwhelmed with the requirements of clinical documentation in the EHR not to mention billing for their charges in a practice management computer. CompMed assists the client with their account start-up in Sevocity and constructs the billing bridge between the Sevocity computer and the CompMed computer.
We provide Analytics reports to verify that the correct reimbursement is received according to the negotiated fee schedule contracted amounts related to the client’s specific locality. We provide extensive custom reporting on Key Performance Indicators (KPI) to be able to data mine by Service Location, by Rendering Provider, by Referring Doctor, by Date of Service, by CPT, by Insurance, and many many other metrics.
In the age of every-growing higher and higher deductibles, the client can choose to offer patients a new way to pay, with HonorCare. HonorCare allows the patient to make payments via a secure web portal, however, the client receives a one-time lump sum net payment. This allows us to post the payment to the patient’s account within a few business days, resolving that account, and further reduces Days in A/R. This is a great tool to implement to increase the practice’s cash flow with respect to patient responsibility balances. And CompMed doesn’t charge the client extra for this feature!
Merchant Card fees are always another area of concern to our clients. We use an industry leading merchant card service to ensure that the client enjoys the lowest credit card rates available. Lower expenses means the client has more available cash to disburse.
Many practices providing services in the nursing home setting experience denials for no pre-authorization and/or exceeds maximum visits allowed. CompMed works with the client to develop a relationship with the facility to establish communication and then educates both the provider and facility on billing requirements in order to reduce or eliminate these types of denials. We then provide extensive reporting, by location, back to the client so that this data can be measured and tracked and trended.
CompMed can also process the billing for Office Based providers as well using the same technology. The Sevocity EHR offers electronically ordered prescriptions as well as other orders and easily and quickly captures Quality Measure data for MACRA/MIPS. CompMed can assist with Quality Reporting via a Registry.
Office-based groups may have contracts with local employers. CompMed will assist the group with creating a “group invoice” and then will capture and bill for these charges. This is another way the group can expand their services and CompMed easily bill and collect for these types of charges.