Bikham Healthcare provides a comprehensive service including all aspects of Revenue Cycle Management. Essentially, we become your internal billing department, operating as part of the lab team. Bikham is tasked with meeting your billing and financial goals, communicating regularly with Sales and Operations, and enabling management to devote its finite resources to other critical areas of the business.
Our team covers the entire RCM cycle including patient registration, up-front error processing, eligibility verification, claims processing, the resolving of rejected and denied claims, payment posting, and handling of all patient and client inquiries. As part of our process, we work with your lab to pursue missing information from physicians and patients and the sales and field support team to improve the clean claims rate from your clients. We will also suggest and develop strategies to minimize bad debt and write-offs. In addition, Bikham will review CPT coding to ensure the Lab’s efforts are in compliance with all regulations and enable the lab of every opportunity to optimize reimbursement.
For any Lab the prior authorization process is complicated. Bikham simplifies it by enabling diagnostic service providers to reduce prior authorization related workload and denials while improving cash collections with our specialized prior authorization workflow management. This includes managing the prior authorization checks, submissions, logic, and document storage, resulting in increased revenue through the reduction of preventable denials. The process is simple!
We scrutinize your payor mix and track all the prior authorization requesting payors and codes, work with your management groups and physicians to make sure we get prior-authorization for every single claim before you run the test.
68% reduction in time spent per account
Increase your revenue by preventing prior-authorization denials. Bikham incorporates insurance specific criteria to improve your success.
12-15% increase in revenue
We route your cases to the appropriate benefits manager for a faster turnaround time in getting the pre authorization approved. Our vast experience working with the payors prior authorization departments comes in handy in this workflow.
25% faster time to decision