4GL School Solutions Introduces Medicaid Billing Software to Help School Districts Increase Revenue Recovery.TOWSON, Md. -- New Claims Tracker(TM) Module for ENCORE! Management System Will Help Districts Maximize Revenue Reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. While Eliminating Need for Third-Party Billing Agents As school districts across the country clamor for funding, many lose millions of dollars each year simply because they do not file claims for all the services that are reimbursable re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. under Medicaid. While some school districts outsource Medicaid claiming, others attempt to claim internally -- often under claiming -- or opt to not claim at all. All too often, these situations result in significant revenue losses for the district. Indeed, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the book, "Technology for Students with Disabilities: A School Leader's Resource Guide," published by the National School Boards Association, "In most school districts, because accurate data is lacking, and in an many cases, seriously flawed flaw 1 n. 1. An imperfection, often concealed, that impairs soundness: a flaw in the crystal that caused it to shatter. See Synonyms at blemish. 2. , up to 5% of the child count funding and up to 50% of Medicaid funding is left on the table, not recovered and not available to the very programs the money was intended to support." To help districts maximize revenue reimbursement, 4GL School Solutions Inc. (4GL) today announces ENCORE!(TM) Claims Tracker(TM). An add-on module for the ENCORE! suite of software and service solutions for special populations, Claims Tracker allows districts to perform Medicaid billing internally to maximize revenue recovery while avoiding costly contingency-based consulting fees for third-party billing agents. Reviews conducted by 4GL of hundreds of school districts show that on average, school districts recover only 50 percent of Medicaid monies due under their respective state's service claiming program. This translates to lost revenue worth millions to districts. The most significant challenges that impact revenue recovery from Medicaid are often linked to information management. Many districts lack the ability to track the provision of related medical services for special populations, which often results in under-servicing and under-reporting of Medicaid billable services. In addition, many districts employ a paper-driven system that operates outside the special education program. Thus, they often lack the capacity to cross-check provided services against the individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. education plan (IEP IEP In currencies, this is the abbreviation for the Irish Punt. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ). Claims Tracker optimizes a district's Medicaid recovery by converting encounter data from ENCORE!, or from another external encounter entry system, into electronic claims that can be automatically transmitted to processing agencies for reimbursement. In addition, Claims Tracker enables districts to use state Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, ) record formats to automatically maintain student Medicaid eligibility information, prepare and submit Medicaid reimbursement claims, and process claims remittance Money sent from one individual to another in the form of cash, check, or some other manner. Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance. REMITTANCE, comm. law. advice. "By allowing districts to perform Medicaid billing themselves, Claims Tracker eliminates the need for outside billing agents. For some districts, the annual savings in contingency fees contingency fee Law & medicine An attorney fee based on a percentage of the money recovered in a lawsuit alone can actually pay for the entire ENCORE! product suite within one to two years. For districts that already handle Medicaid recovery themselves, Claims Tracker can help improve efficiency while lowering costs associated with identifying eligibility, and claims filing and processing, which translates into increased revenue," said Allison Duquette, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 4GL. To help districts increase data accuracy and efficiency, Claims Tracker automatically applies the correct state rates, codes and rules when generating claims. In addition, it produces a series of financial and management reports to give administrators the data they need to monitor claim submissions, perform financial analysis, monitor remittance advice, and perform claims analysis and investigation. The automated billing application can help districts easily identify denied claims that warrant further investigation, as well as create an audit trail that can be used to defend revenue generated from the billed claims. Claims Tracker meets standard reporting requirements and the HIPAA guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. to ensure the confidentiality of information. About 4GL School Solutions 4GL School Solutions Inc. is the leading provider of comprehensive management solutions for special populations. Focused solely on K-12 education, 4GL's proven, data-driven solutions help districts reduce paperwork, increase efficiency, improve staff morale and retention, increase revenue recovery, eliminate compliance issues, reduce unnecessary referrals to special education, and support successful achievement of individualized education plan (IEP) goals. Founded in 1996, 4GL School Solutions is based in Towson, Md. For more information, visit http://www.4glschools.com or call 1-800-490-84GL (8445). |
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