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Description
Medical necessity denials represent a significant financial burden for healthcare providers, incurring costs that can reach into the millions annually due to write-offs, along with the expensive labor involved in investigating and contesting these denials while addressing patient inquiries. Conversely, payers also face similar challenges in the claims management process, as they incur expenses from covering unnecessary medical procedures and treatments, as well as the resources dedicated to handling denial appeals, all of which do not contribute to better patient outcomes. Additionally, patients may suffer from excessive copays and other out-of-pocket expenses, coupled with a frustrating healthcare experience due to charges and services that are not warranted. To combat these issues, the ABN Assistant™ from Vālenz® Assurance equips providers with essential prior authorization tools to confirm medical necessity, generate Medicare-compliant Advanced Beneficiary Notices (ABNs) that include estimated costs, and effectively prevent over 90 percent of medical necessity denials by ensuring that the necessity is validated before any care is administered to the patient. By utilizing this system, providers can enhance their financial stability while improving patient satisfaction and care efficiency.
Description
Billing software for healthcare providers is created to simplify the payment process for both patients and medical professionals. It allows for quick integration through a single, efficient API set, reducing the number of manual tasks your team must perform and merging your payment processes into your revenue cycle management system. This solution can significantly boost your collections and improve relationships with patients. The platform automatically retrieves patient demographic data from your existing system, populating it into ImagineSimplicity™ for easy access. Users can swiftly check details about insurance plans, co-insurance, co-pay amounts, deductibles, and out-of-pocket expenses. The software enables the processing of payments at the time of service or after the Explanation of Benefits (EOB), accommodating various payment methods such as cash, checks, credit/debit cards, and ACH transfers. Additionally, it allows for the creation of customizable payment plans, providing patients with more options and flexibility in how they settle their bills. From a unified dashboard, you can track the status of patient payment accounts efficiently. Ultimately, this innovative platform ensures that collecting payments at the time of service is quick and secure, requiring only a few clicks. By implementing this software, healthcare providers can enhance their operational efficiency and patient satisfaction simultaneously.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
$1039.00/one-time/user
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Vālenz
Founded
2004
Country
United States
Website
www.valenzhealth.com/valenz-assurance/abn-assistant/
Vendor Details
Company Name
Imagine Software
Country
United States
Website
www.imagineteam.com/products/patient-billing-software
Product Features
Medical Billing
Claims Processing
Claims Scrubbing
Code & Charge Entry
Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Practice Management
Quotes/Estimates
Remittance Advice
Product Features
Medical Billing
Claims Processing
Claims Scrubbing
Code & Charge Entry
Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Practice Management
Quotes/Estimates
Remittance Advice