Healthcare providers annually lose money that gets written off as contractual adjustments when third party payers underpay per the contractually allowed amount. Vee Technologies identifies and corrects underpayments, incorrect adjustments and zero payments from third party payers, helping providers improve bottom lines and overall patient satisfaction levels.
Vee utilizes a holistic approach to identify underpayments from billing and coding reimbursement perspective:
- Analyze payment reports to identify instances of insurance underpayments
- Compare remittances to the fee schedule and contracts
- Work directly with the payers to validate the findings and arrive at the corrective course of action
- Provide trend analyses and work payers towards resolution
- Identify claims payment errors leading to underpayments and fix root causes