LET US HELP YOU COLLECT THE REVENUE YOU’RE OWED AND Ensure Financial sUCCESS.
WCG PFS Clinical’s Revenue Guard services are implemented by research billing specialists with years of experience with financial tracking/reconciliation and claims review. When you partner with us, you don’t just get a services vendor; our experts work with your revenue cycle department to provide a seamless integration into processes and/or software you currently have in place. We always customize our services to fit your needs.
WHY PARTNER FOR financial management SERVICES?
Shorten AR days.
Improve cash flow by reducing total AR days.
Access Financial Reporting.
Access reports to understand your research portfolio.
Collect All Earned Revenue.
Use our expertise to capture all the revenue you’re owed.
Improve CTMS ROI.
Gain confidence in your systems and technology.
Financial management services
Financial tracking and RECONCILIATION
Our clinical trial financial management team is determined to get our clients the revenue they are owed. Each CTA has different payment terms that follow an unscripted payment schedule. Sometimes the payments will come in after data is monitored, other times, it’s when the sponsor/CRO is able to process their payables. WCG PFS Clinical’s seasoned team of financial experts maintain the tracking and reconciliation of study receivables and generate financial reports to get an accurate picture of your current research portfolio.
Our flexible approach will ensure financial success while adapting to the needs of your institution. Regardless of your specific financial system, EHR, or CTMS, WCG PFS Clinical’s financial management team can build a process that ensures payment.
claims review & Adjudication
The government estimates that about 8.5% of all Medicare FFS claim payments are flawed, and errors stemming from faulty claims review are huge contributors to these losses. In fact, in the health care industry alone, billions of dollars are lost every year from errors like these. The clinical trial claims review service from WCG PFS Clinical provides peace of mind during billing adjudication. We review the payer selected against the coverage analysis to ensure it’s properly assigned and coded. Our clients partner with us to limit denials and improper billing.