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Archive for the 'Company News' Category

Lowering Transaction Costs for Medical Claims Processing

by: Karen Cayamanda

Tuesday, March 15, 2016 | Comments (0)

Category: Company News

Processing medical claims involves following a very strict workflow process to ensure that a claim is entered into the system properly and the payer has all the required information to pay the claim. But the process doesn’t stop once the claim is entered. There are still payment follow-up, denials management, and possibly collections that have to be addressed.

Because your company already has the claims processes in place, it gives you the ability to partner with MicroSourcing to create a remote claims processing team in the Philippines.  

MicroSourcing works with several well-known healthcare companies and we have enabled them to establish their own claims processing operations in the Philippines through our unique Managed Operations delivery model. MicroSourcing provides all the assets, resources, and operations support functions in our facilities in the Philippines.  

Clients deploy their processes, tools, and quality standards, and retain operational control and can fully customize how operations are established and managed on a daily basis. By exactly replicating your current medical claims processes, your team in the Philippines can meet the same production and quality standards of your existing team. We can ensure 100% HIPAA compliance.

Your MicroSourcing operation will allow you to significantly reduce your claims transaction costs by as much as 70%.

Medical Claims Processing - Revenue Cycle Management

MicroSourcing’s customers leverage their teams to provide end-to-end medical claims processing as part of their revenue cycle management services. MicroSourcing understands that different skills and experience are required for the different stages of the claims processing and we recruit college educated resources with the skills and experience you specify.

  • Initial claims entry - including follow up to gather any missing information
  • Claims status updates and follow-up
  • Payment Posting
  • Claims Denial Management
  • Collections - both insurance company and patient

MicroSourcing's Managed Operations - How it Works

  • We will hire and employ your own dedicated team of medical coders or Revenue Cycle Management resources in the Philippines.
  • We will provide the dedicated work space with access control and all the assets in our facility.
  • We will provide all management and support services.
  • Together, we will manage daily operations but you can retain full and direct control.
  • You can directly employ the staff if you want to.


Contact us and explore your opportunities with MicroSourcing. I can also be reached at our San Francisco office at 707-773-3325.

Your Processes + Our Resources = Outsourcing Success

 


Benefits of Outsourcing Routine Accounting Functions

by: Karen Cayamanda

Wednesday, October 14, 2015 | Comments (0)

Category: Company News

Whether you run an internal accounting department for a corporation or an accounting firm staffed with Certified Public Accountants (CPA), you can benefit from outsourcing routine tasks and functions and freeing up your staff to focus on higher value work.

Your accounting staff brings tremendous value to your business in ensuring that processes are strictly followed and to help in navigating the rules and regulations that are mandated by regulatory agencies.  Your staff brings the most value when they are monitoring cash flow and investments, developing tax strategies, and ensuring that regulatory compliance is met.  

As your staff gets busy with routine tasks, it takes away from their ability to spend time working on higher value processes. The routine and highly transactional tasks are the ones that can be identified as those that could be done by an accounting support team at MicroSourcing. With MicroSourcing's Managed Operations service delivery model, you will be able to set up a dedicated team of college educated accountants and implement your workflow processes, software tools, and quality standards.  

For corporations, the routine tasks that you could consider outsourcing include payroll, bookkeeping, accounts receivable and payable, routine reports, forecasts and analysis, expense reporting/reimbursements, and collections.

Are you an Accounting firm that is using highly compensated CPAs to produce monthly reports and conduct routine analysis and then having to pass those costs on to your customers? Your MicroSourcing team can take on these routine tasks, freeing up your CPAs and giving you the ability to control the cost to your customers.  

To determine if setting up accounting operations with MicroSourcing makes economic sense, do a cost/benefit analysis. Compare the cost of adding employees in-house, taking into account expenses like salaries, benefits, training, office space, equipment, and software, compared to the overall expense of using MicroSourcing.

To find out more, please contact us.


Cary Weltken
SVP - North America


MicroSourcing's Talent Pool for Q2 2013

by: Sarah Joson

Monday, June 10, 2013 | Comments (0)

Category: Company News

This is an overview of the latest talent pool of MicroSourcing - with basic information about our common disciplines including the job profiles, monthly salary ranges, and available talent.

MicroSourcing Talent Pool 2013