Menu
Ideal Practice Solutions is proud to present IPS, our industry-leading platform for creating smart, efficient, and profitable revenue cycles.
Say goodbye to frequent denials and rejections. With automatic charge capture, intelligent denial management, and coverage detection features, Ideal Practice Solutions makes sure you get the revenue that’s rightfully yours.
Using proprietary bot technology, IPS automates labor-intensive tasks and frees up resources. You can re-direct your team towards improving patient care, knowing that your revenue cycle is running smoothly in the background.
IPS gets smarter every day. Using advanced machine learning capabilities, IPS learns about your business, your patients, and your financial processes to become a faster, more effective platform. With IPS looking after your revenue cycle, each day is more efficient than the last.
Charge capture errors can cost you an average of 1% of your annual revenue. With IPS’s automatic revenue capture feature, you’ll no longer be leaving that money on the table.
IPS stays up to date with ever-changing codes and regulations so that you don’t have to. It automatically identifies under-coded claims, errors and DRG anomalies before submission, optimizing your revenue with no effort on your part.
Claim management is the most labor-intensive part of the revenue cycle. IPS is here to change that. With fully automated remit matching, reconciliation, and claim status inquiries, IPS frees up valuable in-house resources.
IPS uses the industry’s biggest unified clearinghouse to give you accurate claims, streamlined workflows, and lower cost to collect. The result? IPS users enjoy an average 98.5% first-pass clean claims rate.
Three quarters of providers say that denials are their biggest challenge, but it doesn’t have to be that way. With IPS’s intelligent denial management solution, up to 90% of denials can be avoided and two thirds can be overturned.
IPS seeks out denials with the best chance of recovery and pre-populates appeal packages to speed up the process. Using artificial intelligence, it also uncovers root causes and offers actionable process improvements to prevent future denials.
Coverage ineligibility is the leading cause of claim rejections. Tackle it head-on with IPS’s smart coverage detection technology, designed to automatically uncover hidden primary, secondary, and tertiary coverage.
IPS automates prior authorizations and verifies eligibility and co-payments, allowing you to collect more upfront and reduce your overall cost to collect. It easily identify patients who qualify for financial assistance, relieving the burden on the patient and reducing your exposure to bad debt risk.
rise bills lead to dissatisfied patients and bad debt risk. IPS eliminates this problem, helping your patients to understand their financial obligations with plain-English electronic statements, flexible payment plans, and easy-to-read payment timetables.
With IPS’s invaluable propensity-to-pay data, you can assess your patients’ ability and inclination to pay without the need for intrusive credit checks. Using predictive analytics, IPS will also highlight accounts that need attention and prompt tailored communications to increase collections – without increasing cost to collect.
Outsourcing your patient-pay collections? While the outsourced model offers many benefits, managing your third-party agency can be a job in itself. That’s where IPS’s Agency Manager comes in.
Agency Manager offers insights on agency performance to make sure you’re getting the best deal. Evaluate your vendor commissions, identify areas for improvement, or even compare individual agencies against one another.
Typical EHRs don’t capture social determinants of health, like access to transport, food stability, or housing stability. IPS does. With our deep non-clinical data insights, you can understand your patients’ needs like never before.
When you know the factors influencing patient health on an individual and population level, you can plan value-based care that delivers better outcomes for everyone. For you, that means managed risk, cost-effective resource allocation, and highly optimized financial performance.
Tired of pouring time and money into an inefficient revenue cycle? Try IPS for yourself now and streamline your revenue cycle with the latest artificial intelligence and robotic technology. Click the button below to request your FREE demo.
