The industry requires an Accounts Receivables (AR) system that is incredibly efficient and absolutely accurate—and a system that recognises its unique needs. So we built it.
Enjoy peace of mind with AR functionalities tailored to healthcare and medical services—meaning you get paid faster and easier. They include:
Link invoices directly to patient records, ensuring that all services, tests, and treatments are accounted for.
Easy integration with insurance providers to submit claims, track rejections, and reconcile payments.
Consolidation with medical coding systems—like ICD-10 and CPT codes—for accurate billing and insurance claims.
Track and bill patients for their co-pay amounts and deductibles based on their insurance coverage.
Efficient and timely billing of patients on a regular schedule, such as long-term treatments and payment plans.
Automate the addition of late fees or interest for overdue bills.
A dedicated online hub for patients to view their treatment history, outstanding balances, and insurance claims and to make payments.
Adjust invoice formats to cater to specific treatments, insurance requirements, and patient preferences.
Offer and manage structured payment options for patients where required.
Gain key insights into service profitability, patient payment behaviors, insurance claim statuses, and anticipated cash flows that aid strategic decision making.
Handy tools for sending patients appointment reminders, payment prompts, and other relevant financial communications.
Robust encryption and security measures that protect confidential information and offer compliance with regulations like HIPAA.
Seamless synchronization with EHR systems to pull relevant patient data, treatment histories, and medical codes for accurate billing.
Automated reminders for overdue payments, customizable based on patient history and the nature of the services rendered.
A structured approach to handle and record disputes, which recognizes the complexity of medical billing.
Ideal for healthcare providers serving diverse populations or those in areas frequented by international visitors.
Seamless online payment processes for patients that cater to various options, such as credit card transactions and bank transfers.
Efficient management and tracking of payments involving third parties, such as employers and welfare organizations.
Compliance with local, national, and international regulations related to medical billing, patient data privacy, and insurance claims.
Immediate boost to our cash flow by automating the dunning—and my CFO is freed up for the pitching and growth work that matters.
Revenue grew just from using Nova—and costs are dropping. The real-time intel means more nimble decisions in a volatile market.
We lifted revenue by 12% in the first quarter, we spend less getting paid, and we’re now making data-driven decisions.