improving ar and collections with centricity

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CHUG 2015 in New York City Accounts Receivable and Collections Making the most of GE Healthcare’s Centricity Practice Solution

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Page 1: Improving AR and Collections with Centricity

CHUG 2015 in New York City

Accounts Receivable and CollectionsMaking the most of GE Healthcare’s Centricity Practice Solution

Page 2: Improving AR and Collections with Centricity

Disclaimer

• The content of this presentation represents the views of the author

and presenters.

• GE, the GE Monogram, Centricity and Imagination at Work are

trademarks of General Electric Company."

Page 3: Improving AR and Collections with Centricity

A little about us…

• HealthCo Information Systems

• GE Centricity Value Added Reseller

• Over 400 clinics

• 2013 and 2014 GE Channel Partner of the Year

Today’s Presenters:

• Andrea Cunningham, Director - Professional Services

• Kelly McAvoy, Implementation Consultant

Page 4: Improving AR and Collections with Centricity

Agenda for Today’s Talk

Centricity Components AR

Collections

Account Summary

Financial Dashboard

Functionality to improve your workflows

Page 5: Improving AR and Collections with Centricity

Best Practices

The Medical Group Management Association

(MGMA) estimates that Medical practices leave up

to 30% of their reimbursement behind….”

Page 6: Improving AR and Collections with Centricity

It’s Complicated

“Harder than filing Federal income taxes”

There can be more than five entities sharing responsibility.

Page 7: Improving AR and Collections with Centricity

Centricity Practice Solutions

• Registration – Insurance / Financial Class / Allocation Sets /

Eligibility

• Orders and Charge Entry– Efficient processes to capture

• Billing and Claims Management– EDI Claims / Remittance

• Accounts Receivable and Collections– Insurance and Private

Page 8: Improving AR and Collections with Centricity

Accounts Receivable Component

Page 9: Improving AR and Collections with Centricity

Accounts Receivable Component (cont.)

• Optimize field utilization

• Field Sort

– Status

– Filing Method

– Insurance Carrier

– Visit Owner

Page 10: Improving AR and Collections with Centricity

Accounts Receivable

Easily View Transactions

Page 11: Improving AR and Collections with Centricity

Visit Record

• Summary Line

• Billing Notes

• Correspondences

• Claims

• Visit Owner

Page 12: Improving AR and Collections with Centricity

Document and Own

Page 13: Improving AR and Collections with Centricity

Collections Component

• Managing High Risk A/R

– Insurance

– Patient

• Payment Plans

• Letters

• Auto Roll

Page 14: Improving AR and Collections with Centricity

Collections Component (cont.)

• Visit Owners

• Collections Groups

• Restrictions on Scheduling Patients

Page 15: Improving AR and Collections with Centricity

“High Risk A/R”

Collections Criteria

“High Risk A/R”

Page 16: Improving AR and Collections with Centricity

Maximize Screen Real Estate

Page 17: Improving AR and Collections with Centricity

It’s In the Settings (System>Application)

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Denials and Appeals

• Denial Management

– Tracking

– Trending

• Appeals

– Tracking

Page 19: Improving AR and Collections with Centricity

It’s In The Settings

Page 20: Improving AR and Collections with Centricity

Document and Share

Page 21: Improving AR and Collections with Centricity

Letters

• Patient/Guarantor Letters

• Insurance Letters

• Appeal Letters

Page 22: Improving AR and Collections with Centricity

Mail Merge Fields

Page 23: Improving AR and Collections with Centricity

Account Summary

Page 24: Improving AR and Collections with Centricity

Account Summary (cont.)

Three Views

– Guarantor

– Financial Summary

– Transaction History

Page 25: Improving AR and Collections with Centricity

Account Summary (cont.)

Page 26: Improving AR and Collections with Centricity

Financial Dashboard

Page 27: Improving AR and Collections with Centricity

Financial Dashboard (cont.)

Page 28: Improving AR and Collections with Centricity

Questions?

Page 29: Improving AR and Collections with Centricity