Considering Outsourcing Your Billing? Check Out Kareo Medical Billing!

KAREO | @GoKareo

Considering Outsourcing Your Billing? Check Out Kareo Medical Billing!

KAREO | @GoKareo

Your Hosts Today

Rachel IbbetsonSales Engineer

Rossana FernandezProduct Marketing Manager

Lea ChathamContent Marketing Manager

KAREO | @GoKareo

Our Agenda for Today…

1 What You Should Look For

2 ICD-10 Preparedness

3 Kareo Medical Billing

4 About Kareo

KAREO | @GoKareo

Simple Assessment

Are you a new practice? Solo/small practice? Is billing for your specialty especially complex? Turnover or a lack of qualified talent in your area? Are your billing processes efficient? Need more time for patient care?

KAREO | @GoKareo

What to look for in a service

Costs References Data Expertise Professional affiliations

HIPAA-compliant

Dedicated contact Transparency Technology/Cloud-based Mobile applications

KAREO | @GoKareo

Evaluating Costs

Percentage range for volume-based pricingWork harder on your behalf Get paid when you get paidCompare against total cost:

Staffing Turnover Technology Training Lost revenue?

KAREO | @GoKareo

Technology

Web Cloud-based Mobile applications Secure messaging Regular updates at no charge Integration with your EHR Patient payments (online, phone, and in person)

KAREO | @GoKareo

Experienced & Focused

Specialty expertise Dedicated contact Provides transparency Experienced Reviews (service & technology)

KAREO | @GoKareo





4 About Kareo

KAREO | @GoKareoPAGE KAREO | CONFIDENTIAL

Why Engage Patients?

Many experts are suggesting that you should expect to see a

reduction in productivity and revenue for about 3-6 months of up

to 30-50%.

KAREO | @GoKareo

How is ICD-10 different?

ICD-9-CM ICD-10-CM

3-5 characters in length 3-7 characters in length

Approximately 14,000+ codes Approximately 69,000+ codes

First digit may begin with (E or V) or numeric. Digits 2 - 5 are numeric

Digit 1 is alpha; digits 2 - 7 are alpha or numeric

Limited space for new codes Flexible for adding new codes

Not enough detail Very specific

Lacks laterality (RT or LT) Has laterality

Difficult to analyze due to non-specific codes

Specificity will improve the accuracy and depth of data for analysis

Cannot exchange data with other countries for research

Supports the exchange of healthcare date between other countries (Canada, Germany, others and U.S.)

KAREO | @GoKareo

KAREO | @GoKareo

ICD-10 Expertise & Billing Services

Alleviate billing & administrative burden Specialty claims support Monitor claim status end-to-end Software ICD-10 ready Timely follow up Get you paid!

KAREO | @GoKareo

ICD-10 – Technology

KAREO | @GoKareo





4 About Kareo

KAREO | @GoKareo

Kareo Medical Billing: Web, Mobile & Messaging!

Web and mobile Calendar, patient check in

& MAC enabled Secure messaging Revenue cycle

performance overview for greater visibility into billing & collections lifecycle

Account Manager support and delivery of reports

Product Solution Overview

KAREO | @GoKareo





4 About Kareo

KAREO | @GoKareo

Discover Kareo’s Role

• Kareo Billing Services• All-inclusive pricing• Software included• Free upgrades• Dedicated Account

Manager • Customer Success

Coach• Free training &

support

• Pricing• Percentage of your

monthly collections

KAREO | @GoKareo

Discover Kareo’s Role

• Kareo Simple Start• All-in-one start up

practice solution• Software and services• Flat low rate to start• Increases as collections

increase to percentage of collections

KAREO | @GoKareo

Why Kareo? Accolades & Awards

KAREO | @GoKareo

Why Kareo? Educational Resources

Kareo.com/ICD-10Kareo.com/Meaningful-Use

KAREO | @GoKareo

How much will it cost for me?

Request a Quote

1. Tell us a little about your practice’s needs.

2. A specialist will

• Follow up with a quote.

• Help you with questions.

Call us 888-775-2736

Thank You For Your Time!

Considering Outsourcing Your Billing? Check Out Kareo Medical Billing!

Healthcare

Transcript of Considering Outsourcing Your Billing? Check Out Kareo Medical Billing!