Overview

CareRevenue is an advanced dental revenue cycle management (RCM) platform developed by CareStack. It is designed to alleviate repetitive billing challenges, elevate patient experience, and drive efficiency and profitability for dental practices. By integrating seamlessly with CareStack's practice management system (PMS), CareRevenue offers end-to-end RCM services that streamline operations, reduce costs, and enhance financial performance.

Features

• Insurance Eligibility & Benefits Verification:
  • Provides accurate treatment estimates and insurance information before appointments.
  • Ensures patients are aware of their coverage and out-of-pocket costs.
• Insurance Claims Billing:
  • Facilitates daily electronic or paper claim submission with necessary documentation.
  • Reduces the risk of claim rejections and ensures timely reimbursements.
• Receivables & Denial Management:
  • Conducts follow-ups every 30 days to get the latest claims status.
  • Analyzes rejections and resolves denials to maximize revenue.
• Payment Posting:
  • Systematically and accurately posts insurance payments via EFTs or checks to patient ledgers.
  • Ensures proper payment reconciliation and financial accuracy.
• Data Analysis & Reports:
  • Provides real-time insights into treatment estimates and insurance information.
  • Helps practices make informed decisions based on accurate data.
• Medical Billing for Dental:
  • Maximizes revenue with reimbursements from medical insurance for dental procedures with medical necessity.
  • Expands the scope of billable services and increases practice revenue.
• Cloud-Based Portal:
  • Offers a centralized and secure portal for all communications and data management.
  • Enhances collaboration and efficiency within the practice.

Benefits

• Increased Efficiency:
  • Streamlines billing processes and reduces administrative workload.
  • Allows staff to focus on patient care and other critical tasks.
• Optimized Cash Flow:
  • Improves cash flow by ensuring timely and accurate payment collections.
  • Reduces accounts receivable (AR) and enhances financial stability.
• Enhanced Patient Experience:
  • Provides patients with clear and accurate information about their insurance coverage and costs.
  • Improves patient satisfaction through efficient and transparent billing processes.
• Scalability and Flexibility:
  • Adapts to the specific needs of dental practices of all sizes.
  • Supports secure customization and fine-tuning to enhance accuracy and relevance.
• Data Security and Compliance:
  • Ensures the highest standards of privacy, security, and compliance with industry regulations.
  • Protects sensitive patient information with robust encryption and security measures.
• User-Friendly Interface:
  • Minimal configuration required for setup and use.
  • Intuitive design makes it accessible to users with varying technical skills.