Financial Management Solutions For Long-Term Care
Your team handles a lot, your revenue cycle management software should too. Optimized workflows and seamless integrations mean you can stop losing time and money with inefficient claims processing and start simplifying your workflows, maximizing your reimbursements, and gaining more time to focus on your residents.
“NetSolutions is much faster on closing our billing month. It used to take three hours, now it takes less than one. It’s remarkable how much faster it processes claims and calculates charges.”
Director of Information Technology
Saint Marys Home of Erie
A Long-Term Care Solution That Improves Financial Efficiency and Accuracy
Take the complexity out of managing your billing process with our fully integrated Financial Solutions. Our streamlined tools will help you expedite your payments, verify claims, reduce costs, and manage resident accounts easily.
Long-term care isn’t a one-size-fits-all industry and your revenue cycle management software shouldn’t be either. Our financial management solutions are easily tailored to work the way your business works.
- Automated contract adjustment rules: Eliminate tedious contract changes by setting your facility’s rules to adjust contracts automatically.
- Accommodate data-sensitive setup: Set up your data the way you need it for your ancillary items, including cost, price, and markup, with an HCPC/CPT code lookup.
- User-defined billing cycles: Arrange your billing cycles by payor, and on the time frame you need, such as weekly, biweekly, or early bills.
Theresa McQuain, Financial Applications Specialist
Ethica Health and Retirement Communities
“I’m really impressed with all the enhancements that have made the system more user friendly and save time. And the support staff has been wonderful and timely getting back to us with answers and explanations.”
Darby Brockette, CEO Ernest Health
“Our work with Cantata Health has contributed to the efficiency and growth of our overall operations. This has led to Ernest Health being named among the top ten percent of all U.S. inpatient rehabilitation facilities for the past six years.”
Financial management shouldn’t be complicated. Our solutions help your staff to store, index, access, and retrieve electronic documents imported to the resident’s financial and clinical records.
- Coordination of Benefits: Easily manage adjustments to supplemental billing claims.
- Create electronic bills for multiple payor types with the same bill specs.
- Work in several billing periods simultaneously: Calculate charges and produce bills and reports for the next billing period without closing the current period.
- Retroactive processing: Our simple process charges a payor for a resident to automatically readjust charges for a selected time period.
Claims & Collections
Accurately verifying eligibility and identifying hidden coverages is a time-intensive challenge that can lead to revenue loss. So, we fixed it. Our financial solution automates and expedites payments by electronically confirming resident eligibility with payers including Medicare, Medicaid, and/or commercial insurance. Seamless integration of patient data from your EHR with your financial management solution has never been easier.
- Get paid faster: Create your claims in the format that your insurance payors require so there is no delay for rejected claims.
- Advanced Collections Modules: Track the current status of – or actions taken on – receivables, and create collection letters.
- Supports Medicare Part B Therapy Cap: Including billing with modifiers and tracking the cap by resident. Reports on therapy used and when cap exceeded.
- Automatically generate Medicare No-Pay and Benefits Exhaust bills according to CMS rules.
Gone are the days of combing through spreadsheets and paperwork to track down the data you need.
- Track Ancillary Fees: No more numbers that don’t line up. Automatically track fees for inventory and reporting.
- Detailed Data Collection: Easily compile data on resident claims and events including leaves and discharges.
Save time and control your census with a single portal for resident management. Our consolidated medical billing solution gives you the flexibility to manage multiple fund options, and track and report resident information.
- Charge for Both an Apartment and a Bed: No more workarounds. CCRCs and ALFs can charge for both in the same time span.
- Bill for Reserved Beds: Get paid for every reservation.