Frequently asked questions
A: Velocity RCM services are beneficial for a wide range of healthcare providers looking to streamline their revenue cycle management (RCM) processes. This includes medical practices of all sizes, from solo practitioners to large multi-specialty clinics, hospitals, and other healthcare facilities. By leveraging Velocity RCM expertise, healthcare providers can reduce administrative burdens, improve billing accuracy, ensure compliance with industry regulations, and enhance overall financial performance. Whether you are struggling with claim denials, want to speed up the reimbursement process, or need detailed financial reporting, Velocity RCM can provide tailored solutions to meet your specific needs.
Our onboarding process starts with a call to discuss your practice's needs, followed by a tailored implementation plan, including EDI setup and system integration if needed. A dedicated onboarding specialist will guide you through every step. The process typically takes 2-4 weeks. Contact us at Service@VelocityRCM.org or call (888) 754-1382 to get started.
A: Velocity RCM stands out from other medical billing companies due to a unique blend of extensive experience, hands-on payer expertise, and a results-driven mindset. With over a decade of real-world experience, we understand the intricacies of medical billing and revenue cycle management. Our services are not only powered by expert insights but also by advanced automation technologies. This combination ensures fast, accurate, and transparent claim processing. Additionally, we pride ourselves on providing a personalized touch, leveraging technology to meet each client's specific needs and deliver the highest quality service. This comprehensive approach makes VelocityRCMHome a trusted partner for healthcare providers looking to optimize their billing processes.
A: Velocity RCM offers a comprehensive range of medical billing and revenue cycle management services designed to streamline operations for healthcare providers. Our key services include: medical coding, claims submission, payment posting, denial management, patient billing and collections, insurance verification, prior authorizations, appeals, and financial reporting. By leveraging our expertise in these areas, we help healthcare practices enhance their cash flow, reduce errors, and ensure compliance with industry standards. Our professional team is committed to providing accurate and efficient services to meet the unique needs of each healthcare provider we serve.
A: At Velocity RCM, we specialize in managing various insurance claims to streamline the revenue cycle management process for healthcare providers. We handle both CMS-1500 and UB-04 claim forms. This includes claims for commercial insurance plans, Medicare, Medicaid, and managed care plans. Our comprehensive approach ensures accuracy and efficiency, helping to maximize reimbursement and minimize errors in billing.
A: At Velocity RCM, we understand that each healthcare provider has unique needs and requirements, which is why our pricing model is flexible and customized based on the scope of work. Most of our clients prefer a percentage of collections model, where our fee is directly tied to the revenue we help you collect. This aligns our incentives and ensures we are fully committed to maximizing your collections. Additionally, we offer flat rate options for specific projects and hourly rates for consulting services or special initiatives. This versatile approach allows us to tailor our services to fit your specific billing and revenue cycle management needs efficiently. If you have more questions or need a detailed quote, please contact our team for a personalized consultation.
We specialize in recovering old accounts receivable (A/R). By identifying patterns in your outstanding claims and escalating them as needed, we work diligently to recover lost revenue. Our strategic methods ensure effective recovery, making your financial operations more efficient and profitable. Contact us at Service@VelocityRCM.org or call (888) 754-1382 to learn more.
A: No, at Velocity RCM all of our work is performed in the United States by experienced professionals. We believe in maintaining direct communication, cultural competency, and strict HIPAA compliance by keeping our operations domestic. This ensures quality, accountability, and a personalized approach that our clients trust and depend on. By having our skilled team based in the U.S., we can deliver superior service tailored to the specific needs of healthcare providers, ensuring accuracy in billing and fostering seamless communication throughout the revenue cycle management process.
