A-Life Medical is releasing its new reconciliation solution, RecoverIt, that is expected to be launched during the Radiology Business Management Association (RBMA) 2009 Fall Educational Conference.
The company said that the new product is designed to automate and reconcile the charge capture process and is a scalable web-based tool. It maximizes revenue by appropriately reconciling all necessary data required for the healthcare reimbursement process.
According to A-Life, RecoverIt provides real-time visibility into the reconciliation process allowing outpatient medical billers to reconcile healthcare information that has been processed for reimbursement. It also offers complete coverage of all aspects of reconciliation using a platform based on five separate modules that focus on the beginning for the revenue cycle.
In addition, the new product expedites billing turnaround time and the recovery of unrealized reimbursement by identifying lost data and eliminating reconciliation errors such as those related to transcription and patient demographics.
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The company claimed that the new product’s automated processes allow medical billers to enhance relationships with hospitals and physicians; identify system problems that affect the integrity and reliability of the revenue cycle; and recognize highlighted, detailed problem areas within the billing cycle.
David Byrd, vice president, business development at A-Life Medical, said: RecoverIt helps to omit and/or resolve charge capture errors quickly and efficiently so that physicians, groups and practices can quickly recover potential revenue lost in the charge capture process. It provides the most efficient solution currently available since it completely captures and audits the reconciliation process.
We believe that RecoverIt will aid coders, billing clerks and those administrative personnel responsible for reimbursement obtain payments more quickly, efficiently and seamlessly.
