Frequently Asked Questions – FAQs
Why is Revenue Cycle Management (RCM) important for healthcare providers?
RCM is important for healthcare providers because it helps to maximize revenue by ensuring that claims are submitted accurately and in a timely manner. It also ensures that practices are reimbursed appropriately for the services they provide.
Why is Provider Enrollment important for healthcare providers?
Provider Enrollment is important because it ensures that they are authorized to provide medical services and receive reimbursement from various payer programs, including Medicare, Medicaid, and commercial insurance companies as well as obtaining hospital or facility privileges.
Why is Credentials Verification important for healthcare providers?
Credentials Verification ensures that a provider meets the necessary qualifications to provide medical services and that they are qualified to treat patients in a safe and effective manner. Credentials Verification protects both the provider and the patients.
How can hospitals and private practices benefit from outsourcing to Welter?
Welter Healthcare Partners will help to streamline revenue cycle management processes, enroll in various payer programs, and verify the credentials of their providers to ensure compliance with regulatory requirements. This can help to improve cash flow, reduce administrative burden, and mitigate compliance risks.