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SPSI is excited to announce the release of the latest version of our Business Analytics Tool.  The Analytics Tool is a hierarchical based display of our client's revenue cycle.  For our Tier 3 clients who transmit claims and remittances, we are in a perfect position to provide an independent verification of their revenue cycle. The Analytics Tool, a data mining type tool, provides our clients the ability to evaluate their revenue cycle from various perspectives independent of their practice management system.   

Our clients can select from a list of business perspectives such as Claim Processing Results, Payors, Service Locations and Rendering Providers and compare these perspectives relationship to each other over a selected time period.

An example might be; Show me my Claim Volume including Rejections for each Payor at each Service Location. Or what is my Claim Dollars, per Rendering Provider, per Payor, per Service Location. 

The Analytics Tool is designed to assist management in evaluating business trends over a defined time period while also providing an independent 3rd Party evaluation of their revenue cycle for either internal or external negotiations.   

For more information on the SPSI Analytics Tool, please contact your local SPSI representative. 

Business Analytics Terminology
 

Two quick examples below  

SPSI is able to send claims and receive electronic remittances from all commercial payers, not just the RBHAs and ACC plans. We have supported clients in sending claims to insurance plans from Alaska to Delaware and everywhere in between. Our support team will work with any payer to get the conduits set up to allow you to submit your claims and receive your remittances electronically (if available from the payer).

Current AZ Payor List
 

SPSI is here to help. We have been in business since 1994 helping businesses just like yours successfully submit electronic claims to the appropriate payers. We are not your typical clearinghouse. We are EDI consultants with local representatives who can and will help you receive compensation for the services you provide. With SPSI, all you need is an internet connection to get started. There is no software to purchase or hardware to update. There is no minimum monthly charge to use our services, no per-user or start-up fees. Our fees are based entirely on your utilization.

Sending in claims is the easy part of electronic billing. More complicated and involved is getting set up to receive ERAs (Electronic Remittance Advice) back from the payer to close the revenue cycle. SPSI maintains an active database of all of the payers we work with including instructions to register to receive ERA files from the payer. We have years of experience working with hundreds of payers throughout the country and will support you throughout the registration process.

SPSI offers detailed reports and analytic data to help you close your revenue cycle and improve your revenue cycle management efficiency. The metrics offered by SPSI include: average days in A/R, outstanding balances by dollars and claim count, claim rejection rates, claim denial rates and amount billed vs. amount paid. SPSI’s local representatives are able to work with your organization to modify and improve existing practices in order to receive compensation for services rendered as soon as possible.

Verifying active coverage for patients prior to rendering services is more important than ever before.  SPSI has a robust tool to verify insurance coverage for patients in regular intervals and/or according to upcoming appointments.  Our system utilizes a process we refer to as cascading to follow the trail of likely coverage in instances where the patient does not have coverage with the original designated payer.  For instance, if we do not find active coverage with the primary insurer, but the patient is over 65, we will automatically check Medicare for coverage.

SPSI also offers the ability to do individual eligibility checks in real time in the event of walk-in patients or last-minute scheduling.  One of the first, and most vital steps, in maintaining an efficient revenue cycle is verifying insurance coverage prior to providing services.  SPSI has you covered. 

 

SPSI is more than just a clearinghouse, we are EDI consultants. We are committed to supporting your organization throughout setup, implementation and any issues you encounter while sending claims through SPSI. Unlike many other clearinghouse organizations, we have a local presence in Arizona and staff with over 20 years of public behavioral health work experience. We offer training and support to our clients as well as online videos and a comprehensive FAQ section on our website that is updated regularly as additional information becomes available. Our local office focuses solely on Arizona providers and as such, bring unparalleled expertise to our clients.