Once LMS has received the accounts placed, they are loaded into our database.
The first action taken is to request the status of each claim from Medicaid.
Upon receiving status, the account will be assigned to an individual insurance specialist.
Each insurance specialist will follow all procedures necessary to obtain payment on the account or to determine non-collectible.
Each insurance specialist will research all accounts for reason of non-payment.
Each account will be worked under Fl Medicaid guidelines.
Each account will be monitored closely for time filing periods.
Accounts determined non-collectible will be reported monthly to the hospital.
Benefits to the hospital:
Complete, cost effective process to improve cash flow by reducing days in A/R and increasing reimbursement levels. This will allow hospital staff to focus more on earlier age receivables and higher dollar claims.
LMS has extensive knowledge in Florida Medicaid Claim management. This includes but is not limited to billing, re-billing and follow up. LMS works all denials and delayed payments. Our main focus is to get the problem corrected and claims refilled prior to expiration of the time filing period. LMS has highly skilled Medicaid Specialist resulting in prompt payments as the result of clean claim submissions. When denials do occur our Specialist are trained to follow Medicaid guidelines to get claims corrected and refilled prior to the expiration of the time filing period.