InSource Revenue Management Innovations “IRMI”
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. Our specialists collect accounts receivables and ensure reimbursements 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, LLP look forward to partnering with you as extensions to the operations of your practice.
About IRMI Partners
President of Billing Operations
IRMI LLP’s Billing Operations President has 30+ years of experience in Healthcare Administration, including but not limited to; office management, medical billing, accounts receivable, payment posting, medical records, front office. Adept in medical billing ensuring the highest level of functionality and productivity, essentially taking Revenue Cycle to its fullest capacity.
President of Payer Enrollment & Contracting
IRMI LLP’s Payer Enrollment & Contracting President has over 20 years of experience in the Healthcare Administration industry in many roles; with a concentration in Provider Credentialing & Payer Enrollment Process Management. With a unique experience of sitting on multiple ends of the spectrum. Working directly with physicians and surgeons in private practice, as well as working within the hospital system. With a multitude of years and experience and being a highly sought resource to practices in need of restructuring, and physicians wanting to start their own practice.
President of Revenue Cycle Operations
IRMI LLP’s Revenue Cycle President has experience that consists of over 20 years in medical billing, 10 years in specialty coding and 16 years in Healthcare Administration. With a PhD in Human and Social Services and her MBA in Business Administration. This leader has a unique ability to understand the global perspective of Revenue Cycle and all of its components. With an extensive background in marketing, front-back-office operations, sales, Human Resources, Accounts Receivable and Account Payable, state and federal compliancy regulations and a well-rounded background in medical billing, coding, and reimbursements. With a distinctive experience ability to understand physician expectations and needs as Business owners.
We are dedicated to ensuring that each client receives first-class service, and a client experience that separates IRMI, LLP from the rest.