+254 717 837 671

Mon - Sat 8.00 - 17.00

info@vendvast.co.ke

Healthcare Virtual Financial Management Support

Revenue Cycle Management (RCM) Outsourcing

The entire process of managing patient accounts from registration to final payment collection.

How it Works

Patient Registration & Insurance Verification

Accurate collection of patient demographics and real-time verification of insurance coverage and benefits

Coding & Billing

Transforming medical services into accurate billing codes (e.g., ICD-10, CPT) and submitting clean claims to payers. Automation and AI play a big role here, reducing errors and speeding up processing

Claims Management

Tracking claims status, managing rejections and denials, and promptly appealing incorrect denials

Payment Posting & Reconciliation

Accurately applying payments received from payers and patients, and reconciling accounts to ensure financial records are balanced

Collections

Managing patient balances, sending payment reminders, and handling collections processes

Bookkeeping and Accounting Services

Remote management of daily financial transactions and record-keeping

Virtual Team Handle:

Accounts Payable (AP):

Processing invoices, managing vendor payments, and ensuring timely disbursements

Accounts Receivable (AR):

Tracking patient and payer payments, sending invoices, and following up on overdue accounts

General Ledger Management

Maintaining the primary financial records of the organization

Bank Reconciliation

Matching bank statements with internal financial records to ensure accuracy

Financial Statement Preparation

Generating accurate and timely financial reports like income statements, balance sheets, and cash flow statements

Budgeting and Financial Forecasting

Development and monitoring of financial plans and predictions for future financial performance

Data Analytics and Reporting

Utilizing advanced tools to analyze financial and operational data, providing actionable insights for decision-making

Compliance Monitoring and Risk Management:

Ensuring adherence to healthcare-specific financial regulations and mitigating financial risks

Get in Touch Today!

At Vendvast, we provide strategic solutions for your management needs. Consult with us today