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Unlock Your Financial Potential with Automatic Vaccine Billing

September 1, 2024

Automatic Vaccine Billing

VaxCare’s technology streamlines every aspect of vaccine program management for healthcare providers—from start to finish. That means that even after you’ve administered the vaccine, VaxCare is still supporting your practice, automatically billing for every dose and handling any claims adjudication—all while guaranteeing payment for qualifying doses. Leading to cleaner accounting, faster collections, increased profits—and most importantly, the confidence of knowing that every dose was recorded and billed. 

With this innovative system, providers no longer have to worry about missing doses or misfiled claims. From the moment an order is placed to the completion of the billing process, VaxCare ensures that every step of the vaccine administration journey is carefully tracked and easy to reference.

Say goodbye to the tedious task of manually matching each vaccine administration to a billing record and streamlining your accounting with VaxCare’s technology not only saves time but also improves the overall accuracy and integrity of financial records.

Furthermore, the automatic vaccine billing technology enables faster collections. With claims being generated and submitted in real-time, providers can depend on quick reimbursement for their vaccine services. This eliminates the frustration and delays often associated with traditional billing processes, allowing providers to focus on delivering top-notch patient care instead of chasing payments.

In addition to these financial benefits, using VaxCare’s automatic vaccine billing system can lead to increased profits. By ensuring that every administered dose is accurately billed, providers can maximize their revenue potential. Having complete confidence in the billing process and knowing that no doses are slipping through the cracks empowers providers to optimize their financial performance.

Benefits of Automatic Vaccine Billing

  • Guaranteed Payment – Compensation for each qualifying dose administered—whether we get paid or not.
  • Streamlined Billing Process – All information needed for billing is collected with a single scan—eliminating manual processing.
  • Improved Cash FlowVaxCare handles vaccine billing, speeding up claims submission and ensuring faster payment turnaround times.

Guaranteed Payment

With VaxCare’s guaranteed payment system, you’ll receive compensation for each qualifying dose that you administer—even if we don’t get paid. Whether it’s billing and collections or processing and adjudicating claims, we have streamlined the payment process to provide you with peace of mind and financial security.

We understand the importance of your work and the impact it has on public health, which is why we work hard to ensure our extensive network of payers covers every dose you administer so that you can vaccinate with confidence. 

VaxCare has lowered my overhead costs of purchasing vaccines, lowered my burden on billing, and increased my workflow.  My practice would not be successful today if it wasn’t for VaxCare.

Nitin Gupta, MD
CEO, Rivertowns Pediatrics

No longer will you have to worry about delayed or denied payments. VaxCare removes the hassle and uncertainty, allowing you to focus on what matters most – providing vital vaccinations to your community. You can trust that each dose you administer will be reimbursed, ensuring the hard work you put into serving your community is not just fulfilling, but financially rewarding.

Streamlined Billing Process

VaxCare’s automated billing offers practices a wide range of benefits that streamline their vaccine reimbursement process. All the necessary information regarding shot administration is collected with a single scan of the vaccine. This eliminates the risk of errors, such as incorrect coding or missing information, that often occur during manual entry and can lead to claim denials or delays in reimbursement.

Automatic vaccine billing also allows for real-time validation of insurance coverage and eligibility. Even if a payer or plan is in-network, they may not cover every vaccine. By instantly verifying the patient’s insurance information, staff can immediately determine the coverage and any financial responsibilities the patient may have. 

This streamlined billing process enables practices to generate detailed and comprehensive reports, providing valuable insights and allowing practices to identify areas of improvement or potential bottlenecks.

An office manager reviews the financial results of VaxCare's automatic vaccine billing.Improved Cash Flow

The revenue cycle in healthcare can be complex and time-consuming, with manual data handling and inefficiencies causing delays in payments, making the process even more tedious. However, VaxCare has come up with an innovative solution to simplify the entire process via automatic vaccine billing.

Partner practices can now leave all the financial aspects of the vaccination process to VaxCare. This not only speeds up claims submission and reimbursements but also ensures faster payment turnaround times. The accelerated revenue cycle directly impacts the practice’s cash flow, making it financially stable by ensuring a consistent and reliable revenue stream. 

Additionally, managing reimbursements represents a never-ending balancing act for practices. Either you dedicate resources to frequently adjust your billing to align with payer rates—which can be updated throughout the year—or you can take the risk of reduced revenue when your billings lag. With VaxCare, you never have to choose; our adjustments happen on a set schedule and we foot the difference so you’re never caught off guard.

Automatic Vaccine Denial Management

Denied claims are a part of the billing process. No matter the technology at your disposal or the attentiveness of your staff—denial management is an unavoidable necessity. But for partnered practices, that’s another issue they can hand off to VaxCare. 

You can trust VaxCare’s denial management expertise to ensure that your vaccination reimbursements continue to be timely, with payment guaranteed for qualifying doses, regardless of the outcome of the claim. Our advanced algorithms can identify common denial patterns and uncover key issues that may be causing denials, allowing our staff to take proactive measures to prevent future claim rejections.

Partnering with VaxCare to automate your practice’s denial management enables our staff to efficiently monitor the status of your vaccine claims and seamlessly coordinate with insurance companies. This will save valuable time for your staff and ensure timely resolution of claim disputes.

Benefits of Automatic Vaccine Denial Management

  • Reduced Administrative BurdenVaxCare’s claims expertise translates into faster resolutions and higher success rates for appeals.
  • End-to-End Visibility – From start to finish, every dose is accounted for, leading to financial confidence and peace of mind.
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Reduced Administrative Burden

The main advantage of partnering with VaxCare for automatic denial management is that our staff are well-versed in the intricate details of the claims process. They understand the common denial reasons, the resources to handle the uncommon exceptions, and are experienced in navigating the complex world of payer requirements. This expertise translates into faster resolution of denials, higher success rates for appeals, and significantly reduces the administrative burden of our partners.

In addition to saving valuable time and resources, partnering with VaxCare also leads to increased revenue. By efficiently resolving denials and appeals, our partners are able to maximize their reimbursement rates and improve overall financial performance with a single scan.

End-to-End Visibility

When it comes to automatic vaccine billing, end-to-end visibility means that from the moment an order is placed to the completion of the billing process, VaxCare ensures that every step of the vaccine administration journey is carefully tracked.

With VaxCare’s help, healthcare providers can have peace of mind knowing that every single dose is accounted for from start to finish. This not only helps streamline vaccine administration processes but also ensures that patients receive the care they need in a timely and efficient manner.

We value your essential role in the healthcare system and want to provide support in every way possible. Don’t let payment concerns distract from your mission to provide necessary vaccinations; join our network today and experience the peace of mind that comes with guaranteed payment.

 

Additional Resources

For more information on vaccine management and healthcare compliance, including best practices, training opportunities, and relevant updates on immunization programs, we recommend:

World Health Organization (WHO): https://www.who.int/immunization/diseases/en/
Centers for Disease Control and Prevention (CDC): https://www.cdc.gov/vaccines/
Immunize.org: https://www.immunize.org/


September 1, 2024