Comprehensive Healthcare Audit Services to Optimize Revenue Cycle Management
Talisman Solutions specializes in Healthcare Audit Services that improve billing, coding, and payer relations. Our use of technology, proprietary tools, and data-driven insights ensures that practices can maximize revenue, reduce denials, and optimize payer contracts.
Comprehensive Healthcare Audit Services to Optimize Revenue Cycle Management
Comprehensive Audit Process Overview
Our three-phase audit approach ensures that every aspect of your practice’s revenue cycle is evaluated for maximum efficiency:
Phase 1: Comprehensive Audit
In-depth analysis of billing, coding, and payer contracts to identify potential issues and opportunities for improvement.
Phase 2: Tailored Solutions
After the audit, a customized action plan is created to address inefficiencies and improve the overall revenue cycle.
Phase 3: Continuous Engagement
Ongoing audits, training, and reviews to ensure sustained improvements and revenue growth.
Optimize Your Revenue Cycle Today
Schedule a Consultation for a comprehensive audit and personalized solutions.
In-Depth Revenue Projections for Financial Clarity
Our healthcare audits go beyond just identifying inefficiencies; we also offer revenue projections based on historical data and industry benchmarks. By projecting expected revenue growth and potential losses, we help practices establish realistic financial goals and set a clear path to achieving them.
- Accurate Financial Forecasting: Helps predict future revenue and track progress toward financial goals.
- Industry Benchmarks: Provides insight into how your practice compares to similar organizations within your industry.
- Custom Reports: Tailored financial reports based on your practice’s specific needs.
Optimize Your Financial Outlook
Schedule a Consultation for a comprehensive financial review.
Denial & Rejection Scoring to Reduce Lost Revenue
- Claims Denial Analysis: Tracks common causes of claim denials and rejections.
- Actionable Insights: Provides targeted solutions to correct and prevent future denials.
- Performance Metrics: Monitors improvements over time and adjusts strategies as needed.
Comprehensive Contract Review and Renegotiation
Contract terms play a pivotal role in your financial health. Our audit services include contract review and renegotiation with payers to ensure your practice is receiving the highest possible reimbursement rates. We also assess contract rate benchmarks to ensure they align with industry standards.
- Contract Rate Benchmarking: Compares payer rates to industry standards to ensure fair reimbursement.
- Renegotiation Support: Offers expertise in renegotiating payer contracts for better terms.
- Contract Compliance: Ensures payer contracts are in compliance with agreed-upon terms.
Maximize Your Contract Value
Schedule a Consultation to discuss contract review and renegotiation options.
Root Cause Analysis (RCA) & Plan of Action (POA)
We perform a Root Cause Analysis (RCA) to identify the underlying issues causing inefficiencies in billing, coding, or payer interactions. Based on our findings, a Plan of Action (POA) is developed to address these issues, ensuring long-term improvements in your practice’s financial performance.
- In-Depth RCA: Pinpoints the root causes of persistent issues in your revenue cycle.
- Custom POA: A tailored action plan to address identified issues and optimize billing processes.
- Continuous Improvement: Ongoing monitoring and support to ensure sustained improvements.
Improve Your Billing Efficiency
Contact Us to learn more about our RCA and POA approach.
Advanced Technology-Driven Audit Services
At Talisman Solutions, we employ advanced technology and a proprietary dashboard tool to analyze a practice’s entire revenue cycle. Our dashboard allows for real-time tracking of key metrics, ensuring transparency and allowing healthcare providers to make informed decisions regarding their billing processes.
- Proprietary Dashboard Tool: Custom-built for tracking the complete billing process and providing actionable insights.
- Real-Time Data: Offers up-to-date information on claims, denials, and reimbursement statuses.
- Automation: Reduces manual errors and enhances workflow efficiency by automating repetitive tasks.
Learn More About Our Technology Tools
Contact Us to learn how our proprietary dashboard can streamline your revenue cycle.
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Ready to take your practice to the next level? Talisman Solutions’ expert auditing services identify inefficiencies, reduce denials, and maximize reimbursements — all with the power of cutting-edge technology. We’ve helped countless healthcare providers optimize their revenue cycle, and we’re ready to do the same for you.
Let’s work together to streamline your billing processes and improve financial outcomes.