The Role Authorization & Referral Software Plays in Revenue

Let’s face it, denied claims majorly contribute to most practices’ lost revenue. And unsurprisingly, failure to obtain prior authorization is one of the leading causes of claims denial, which also puts your reimbursements and incentives at risk.

Read More: What Makes a Good Health Insurance Verification Software?

Unfortunately, despite its high-stakes impact, many practices overlook the importance of optimizing their authorization tracking and management capabilities. Leaving inefficiencies to foster in such a critical aspect of your billing process will eventually come back to haunt you. It’s only a matter of time before it starts chipping away at your patients’ and team’s satisfaction rates, as well as your bottom line.

This is where platforms like billrMD enter the picture. As an integral component of its full revenue cycle management (RCM) suite, billrMD’s authorization and referral management tools streamline your authorization workflows across appointment scheduling, treatment, and medical billing.

Read More: Is Your Outdated Revenue Cycle Management Losing Your Practice Money?

Authorization & Referral Management Done Right

Here’s how billrMD ensures that no referral or authorization request falls through the cracks even as day-to-day tasks pile up:

1. All You Need in One Comprehensive Screen

Tracking and managing countless referrals and authorization requests every day can quickly become a nightmare, especially if you have to toggle between multiple screens and windows. With billrMD, everything you need to keep track of your referrals and authorizations is in one place, making it easy to see everything all at once.

2. Filtered Search

Boost productivity and save time from scrolling through countless authorization and referral records. Narrow down your search using a wide array of filters to find what you’re looking for faster and more easily.

Read More: Top 5 Ways to Boost Practice Productivity

From the patient name, authorization or referral number, status, priority level, and other relevant filters, billrMD’s intelligent user interface (UI) improves your experience by getting you to what you need to do in the fastest, most efficient way possible.

3. Effortless Navigation

After you’ve pulled up your desired search results, billrMD allows you to make different actions from the same window, from noting the purpose of the authorization request to adding or editing authorization details and tasks, viewing patient details and insurance information, and a number of other relevant functions.

With billrMD’s straightforward UI, everything you need to track and manage your authorization requests efficiently is just a click away.

4. One-Click Data Entry

Adding a new authorization request has never been easier. Consistent with billrMD’s user-friendly interface, you can add, edit, and complete new authorization requests with a click of a button.

After that, it’s just a matter of filling out the necessary details, and you’re good to go. With billrMD, you’re getting more than just next-level efficiency; you’re also getting an elevated software experience.

Secure a Crucial Part of Your Revenue Cycle

Every missed referral or authorization request is a missed revenue opportunity. Especially in today’s declining economy, you need to offset rising prices and inflation rates by maximizing your revenue.

Poor authorization and referral management can cost your practice thousands of dollars. But with robust authorization and referral software like billrMD, you can ensure that every visit or procedure that requires authorization is tracked, properly managed, and accounted for.