Healthcare services from Velan reflect decades of experience touching every practice function - from front desk to back office - to help manage healthcare providers’ revenue cycles from initial patient encounter to collection and beyond. Efficient cash flow offers your organization greater financial flexibility for managing routine operations as well as longer-term industry challenges.
Streamline and Transform Your RCM Processes
Velan has been successfully offering end-to-end RCM services to physician offices, family practices, clinics & hospitals, billing providers and ACHs. Domain expertise coupled with established processes enable Velan not only to act as a seamless extension of your own business but also reduce operational costs considerably.
Summary report generated by our RCM team helps you as a single source of data and metrics to assess your billing and collection performance trends in a much more effective way.
Patient information Insurance information
Insurance Eligibility Verification
Real time eligiblity Online portal verification Phone calls (Insurance & Patient)
CCI Edit validation ICD-10 code validation CPT/HCPCS code & modifier validation
Electronic Data Interchange (EDI)
Claim submission Submission follow up
ERA & EOB posting Daily log report
Identify major reasons Tracking and trending In-depth analytics
Accounts Receivable (AR)
In-depth analysis of outstanding claims Follow up with insurances Appeals & follow upon appeals
Payment and charge report Frequency of procedures and diagnosis Payment reimbursement report Lockbox deposit reconciliation Payor analysis
Improved coverage of unpaid accounts
Improved cash flow
Improved patient and physician satisfaction
Reduced staffing issues and training time
Exposure to multiple software platforms
Revenue Cycle Management
Velan’s RCM solutions reflect decades of experience helping healthcare providers to accelerate cash flow and improve efficiency.
Patient Engagement Services of Velan brings out the best patient relationships can offer.
Velan offers credentialing and accounting services to healthcare professionals and practices.