IRMI aims to reduce the amount per claim to process insurance by 50% (or greater). The average turnaround time for paper insurance claims of 60 – 90 days (or greater), creates an above-average flow of accounts receivable, and outstanding claims. IRMI submits claims electronically with the few exceptions being cases where electronically processed claims are not accepted. When claims are submitted electronically, the expectation is a 15-20 day turnaround for receipt of reimbursement.

Claims are submitted with a 98% accuracy rate with the extensive use of editing performed on all electronic claims submissions. InSource Physician Services stays current on all insurance regulations and changes. We have specialists who concentrate on collecting accounts receivables and ensuring that fees are kept within the maximum allowable amounts. We also have certified coding specialists to ensure accurate and efficient coding.​

As staffing shortages and financial challenges persist, studies show that an increasing number of healthcare providers are considering outsourcing revenue cycle management processes. InSource Revenue Management Innovations looks forward to partnering with you as an extension to the operations of your practice.