Technosoft Healthcare Solutions offers a full suite of revenue cycle management solutions customized to fit the needs of physician groups and the specialty market (billing services, ambulatory surgery centers, labs, radiology groups and more). Technosoft is committed to the enduring pursuit of excellence in the physician revenue cycle management industry by delivering effective solutions through its proprietary technology, personalized service and measurable client results.
Technosoft significantly improves healthcare organizations’ revenue generation capabilities by streamlining business processes through enhanced revenue management processes, strong domain experience, and robust and customized service delivery tools and technology platforms. Using a state-of-the-art, analytics-driven business approach for revenue cycle management and clinical care, we help our clients develop a cohesive clinical and financial strategy that drives success in the emerging healthcare landscape.
Our service offerings include:
Medical Billing has become a crucial part of revenue management for healthcare service providers with millions of dollars lost annually due to under-pricing, coding errors, missed charges and un-reimbursed claims due to denials.
Technosoft provides turnkey medical billing and coding services to multi-specialty groups and individual physicians in order to reduce costs, increase revenue, improve the accuracy of patient billing, and accurately process bills, while collecting the maximum allowable reimbursement for our clients.
Our services include:
CPT-4 and ICD-9 Coding
Denial Analysis & Insurance Follow-up
Our experienced billers are familiar with billing practices and methodologies, and medical terminology and have experience of working on a variety of practice management software such as EPIC, GE Centricity, Imagine, Medical Manager, NextGen, Kareo, Allscripts, Healthpac and more.
Technosoft offers comprehensive coding services as part of our full cycle revenue management and medical billing services, or as a standalone service for organizations doing their own billing. Our Coding services serve as a core point for generating claim charges, inheriting full value reimbursements to providers.
Our solutions are flexible in nature and use innovative technology platforms and automated workflow solutions which offer a variety of reports to track quality and key metrics with value-added services including DNFB reconciliation, Compliance reporting, Provider deficiency reporting and more.
Expert coding and Medical record audit services with 95% accuracy
Dedicated team of certified Professional coders
Expert training in coding and documentation,
CPT, ICD-9, HCPCS, and DRG coding across various specialties
Clinical Documentation Improvement and Deficiency reporting
Evaluation and management documentation
A la carte coding services for all, or a portion, of your requirements
Coding compliance reviews, audits, and monitoring.
ICD 10 migration services
We help leading healthcare companies experience productivity gains and implement higher quality processes, while enabling them to be ICD-10 compliant. Our AHIMA or AAPC credentialed coders providecoding services for leading US hospitals. They have experience in both inpatient and outpatient settings across 25+ specialties and are totally HIPAA complaintand compliant with the Correct Coding Initiatives (CCI) and Local Medical Review Policies (LMRPs). Due to our rapid deployment and set-up, we have the ability to manage a high volume of medical record coding work within a short turnaround time, with an accuracy rate of 95% or more. We are successfully managing the ICD-10 transition for our clients with a full fleet of ICD-10 trainers and credentialed coders.
Revenue Cycle Management
Revenue Cycle Management
As a leading provider of revenue cycle processing and receivables management services, Technosoft has the depth of experience to improve cash reserves and maximize revenues of Provider organizations (hospital, physician billing company or a physician practice), while streamlining their operations.
Our team of highly-skilled professionals work towards helping your organization’s progress by reducing the cost-to-collect, improving net collections, and using automated technology to derive better process performance, quality, and turnaround time.
TWIMS, our proprietary workflow application engine solution automates the receipt, processing and posting of all RCM paper documents, including charges, demographics, insurance payments, patient payments and correspondence.
Onsite/Offsite AR subject matter expertise for process consultation
Improved days in AR
AR Analytics with enhanced dashboard reporting
Trained AR callers with an average of 4+ years of healthcare experience
Team with thorough knowledge and understanding of the end-to-end AR process
Experience of working on multiple practice management platforms and multiple specialties.
Continuous learning through training
AR & Denials
AR & Denials
Technosoft handles all critical functions involved in AR management, including filing of appeals, assessing insurance low pays, updating insurance contracts, managing unapplied balances, managing refunds, and processing patient statements and delinquency letters.
Technosoft’s skilled and experienced employees pursue maximum reimbursements while identifying trends in billing, leading to reduced denials and appeals. We use cutting-edge technology through Business Intelligence and Analytics to manage and analyze data, and create information to support business decisions and solve business problems. Our efficient, automated workflow tools provide our clients with extremely detailed and thorough reporting on every claim worked on.
Collections, ld A/R, Eligibility & Demo Verification, Resolutions focused AR follow-up, Patient Calling and Collections
Credit Balance, Appeals, Correspondence Entry, Root Cause Analysis A/R follow-up, Increased accuracy of claims submission, Lower claim collection time, Reduced claim defaults, Scoring of likelihood of claim approval, Actionable Reporting
Operation and business metrics dashboards, Identification of anomalous trends, Claims denial propensity, Denial trend and root cause analysis, Forecasting tool, Automated eligibility tools, Revenue leakage analysis – Contract coding, Cloud-based solution
Our expertise includes:
Improved Days in A/R(upto38-45 days)
Experienced A/R callers
Enhanced dashboard reporting
AR Analytics and BI Solutions
99% Quality maintained
Periodic Reviews and Training plans
With an experienced team of over 1,800+ healthcare professionals, we help our clients mitigate the risk of impending ICD-10 productivity losses, while increasing efficiencies across the enterprise. Underlying analytical solutions help us predict ICD 10 revenue loss. This can help healthcare providers mine existing data for trends and patterns in reimbursement and denials, resulting in high-value, actionable improvements for their Revenue Cycle.
Coding Review and Audis
Provider Education & Deficiency Reporting
Clinical Documentation Improvement
Clinical and Coding Analytics
Coding – Actionable Intelligence
ICD 10 - Gap analysis, Risk and Impact Assessment
Specialty Coding across 15+ Multi-specialties
Dual Coding Support for ICD-9 and ICD-10
Auto Audit tools
Technosoft is the ‘partner of choice’ for providers to navigate healthcare transformation and stay ahead of today's healthcare reimbursement challenges. Our predictive analytics approach enables hospitals, clinics and physician practices to improve their financial status and patient care delivery models by:
Our solutions, combined with innovative technologies and expert data management services, enable hospitals to undertake risk contracts and deliver co-ordinated care. We provide the insights to -
Avoid Costly Re-admissions with Predictive Analytics
Resource Optimization - hospitals can forecast patient volumes and leverage the information to help manage costs without diminishing patient outcomes
Improve Overall Patient Satisfaction by having the right staff available at the right time.
Improve Patient Outcomes with Accurate Reporting
Our Coding process is structured around an automated coding workflow aiming at accuracy, and efficiency of revenue capturing activities by:
Detecting Coding errors, reducing A/R outstanding days and denials, and preventing revenue leakage with clinical code recommendations.
Healthcare Information Technology(HIT)
Healthcare Information Technology(HIT)
Technosoft helps healthcare organizations address complex challenges, including the need to reduce costs, coordinate care, assume more risks and manage complex payment models. Supported by our IT services portfolio, our healthcare IT solutions span across software services and consulting to hospitals, physician offices, imaging centers, home health care agencies and payers.
Technosoft provides Healthcare organizations with the following services;
Application Lifecycle Services
Independent Verification and Validation
Remote Infrastructure Management
Our functional areas of support include
Provider database automation
Healthcare insurance exchange
Un-insured application integration
Social security office support
Technosoft has significant experience in servicing several State and Local Governments including California, Connecticut, Illinois, Kentucky, Michigan, Minnesota, Montana, New Mexico, Pennsylvania, Rhode Island, Washington and Texas. Our collective experience in handling various government functions includes Child Support, Unemployment Insurance, Medicaid, Eligibility, Low Income Home Energy Assistance Program (LIHEAP), Transportation and Education.
Technosoft specializes in developing and implementing scalable, extensible and configurable solutions across various technology platforms.
ADM (J2EE, .NET, Sharepoint)
Application exposure: Mainframe, MMIS, MITA , Facets , Pega workflow
Data Warehousing and Business Intelligence (TIES)
Independent Verification and Validation
Remote Infrastructure Management (TRIMS)
Enterprise Architecture Upgrade Planning Implementation
COTS Implementation & Customization
Transfer Systems Implementation
Software As A Service (SAAS)
Being leaders in mobility solutions, with strong offerings, integrated workflows and simple user interface, we help healthcare providers optimize and streamline the way data is entered, accessed, and shared, resulting in improved delivery of care.
Our cutting-edge solutions are backed by appropriate technology platforms, human resource skills and other differentiators.
As a leading Business Process Management services provider and solutions partner, Technosoft is exclusively committed to serving the needs of the US healthcare industry. Technosoft empowers hospitals, physicians and other healthcare organizations to integrate key areas of financial performance and improve their cash flow.
Our solutions are analytics-driven, technology-enabled, and backed by appropriate technology platforms, human resource skills and other differentiators such as:
Technosoft is committed to offering value-added Healthcare BPM + IT solutions to our clients for performance optimization and profitability. We have always aimed to be value partners to our clients, taking pride in their business growth.
We believe true value is best created when our solutions focus on specific client issues and are developed with intensive analysis and expertise. Our diverse offerings are designed to mitigate customer pain points, and also provide comprehensive, sustainable, scalable solutions. We have a large pool of skilled resources, from which we can deploy people in no time to kick-start new engagements, both at our onsite and offshore centers.
Our client assists Radiology practices and health systems to handle their growth to capture every penny and offer detailed and customized solutions to items such as billing, collections, and insurance claims processing, staffing, revenue trends and handle pressure on reimbursement. Technosoft’s partnership with our client by providing customized and centric revenue cycle services with insightful advice and data-driven analysis helped them to boost the associated radiology practices’ revenue goals and increase collection rates helping them improve their business.
Technosoft understands that balancing EMS and ambulatory services with business and cash flow needs can be a difficult task. To help EMS systems succeed, given the intricacies and demands of our industry, we provide a simplified EMS billing alternative with proven cost effectiveness, streamlined efficiency and unparalleled customer service. Technosoft continually utilizes the latest billing industry methods and best practices—as well as proprietary processes—to help our client maximize its revenues and the efficiency of its business servicing emergency services companies.
With burgeoning healthcare costs, federally qualified health center (FQHCs) are struggling to handle their revenue sources, are unsure about whether their commercial contract rates are appropriate and if the terms are fair. There was not enough Data on collections. The Community centers were reeling under low collection rates and higher denial rates with poor revenue cycle services. After experiencing success following our engagement, the client instituted processes to improve the revenue standards of FQHCs, with a focus on previous billing and collections efforts. The FQHCs have collected hundreds of thousands of dollars from previously unpaid claims and substantially reduced their average A/R days