Know the Biggest Mistakes Your Billers Make

Identify Revenue Recovery Opportunites

You know for certain that you are leaving money on the table. That is why identifying hidden revenue and sealing financial leaks with our Lost Revenue Recovery Audit is the best-proven strategy. Designed for healthcare organizations, LRRA identifies recoverable revenue and distinguishes it from bad debts, enhancing your financial health.

Why Do You Need LRRA Every Quarter?

  • Making informed healthcare decisions

    Make informed decisions

    This is data that goes beyond spreadsheets and pie charts. Know the details behind the numbers and make fact-based decisions quickly.

  • Healthcare revenue audit report

    Seal the cracks quickly

    Don’t let poorly functioning processes be a drain on your revenue. Weed out inefficient processes quickly with our revenue audit reports

  • Effective budgeting and forecasting in healthcare

    Slice and dice data

    Recommended by healthcare professionals, BillingParadise helps you make smart financial forecasts and informed decisions.

Rush Now & Save $2000 Per Practice


How Does LRRA Work?

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Data Collection

Obtain manually generated data from EHR using secured HIPAA-compliant FTP, or directly access your EHR after signing NDA and HPIAA agreements.

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Expert Analysis

Using MGMA standard benchmarks, our revenue cycle analysts combined with AAPC-certified coders, and credentialing experts using advanced auditing technologies.

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Duration

Unlike other auditors, Billingparadse has vast resources who can complete this audit within 2 to 7 days.

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Outcome

Identification of revenue leaks and bad debts that most frequently go undetected in general EHR reports.

What You Gain?

  • Detailed Reports:

    Receive 19 actionable reports pinpointing revenue recovery opportunities.

  • Informed Decision-Making:

    Know which areas of your revenue cycle process need optimizing and the dollar amount that can be recovered.

  • Post-Audit Consultative Support:

    We will provide you with consulting support to ensure that the data gathered can be used in a constructive manner.

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Download 19 sample audit reports here

Our 19 insightful reports will help your healthcare organization better manage your revenue cycle.

FAQ'S

1What is a Lost Revenue Recovery Audit?

An LRRA identifies missed revenue opportunities and differentiates recoverable revenue from unavoidable losses or bad debt write-offs within healthcare organizations.

2 How long does the audit process take?

Typically, the audit process takes between 2 to 7 days, depending on the complexity and size of the organization.

3Who conducts the audit?

Our audits are conducted by teams of AAPC-certified coders and seasoned revenue cycle analysts using the latest auditing technology.

4What types of data do you need for the audit?

We require access to your billing records, insurance claim data, and EMR data to conduct a thorough audit.

5 How are the audit findings presented?

We provide 19 comprehensive reports that detail findings, implications, and actionable recommendations.

6 Can LRRA help with ongoing revenue cycle management?

Yes, insights from the audit can significantly enhance ongoing revenue cycle management practices.

7 Is the data secure during the audit process?

Absolutely, we adhere to strict data security and HIPAA protocols to ensure all information remains confidential and secure.

8 What improvements can I expect to see post-audit?

Post-audit improvements often include increased revenue recovery, enhanced compliance, and optimized billing processes.

9 How is LRRA different from regular financial audits?

LRRA focuses specifically on the healthcare revenue cycle, identifying specific leakage points in each RCM process and opportunities for revenue recovery.

10 Can you provide references from past clients?

Yes, we can provide testimonials and case studies from healthcare providers who have benefited from our audits.