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Process-Centered, Financial Information Management
Velos Financial is a process-centered information system that
supports the operational and financial management needs of
healthcare professionals. It streamlines billing and collections
while establishing a comprehensive, flexible and accessible data
resource for planning and decision-making.
Process-Centered
Velos Financial seamlessly creates
changes based on pre-defined orders and then transfers these along
with required clinical data for claims generation. In addition,
patient financial records can be automatically routed to appropriate
staff at various stages of the billing cycle.
Information Capture
A wide scope of pertinent clinical
as well as financial information is maintained in the database.
Claims images can be retained for long-term documentation.
Easy Access
Functions are selected with graphical user
interfaces and record selection is enabled by global search criteria
and context sensitive multi-tier browsers. User-friendly reporting
tools allow presentation of detail and summary information for
individual patients or relevant populations.
Continuum of Care
The system can be utilized across
different clinical areas by virtue of its multi-facility and
multi-specialty architecture.
Outcomes Management
Analysis of interrelationships
between clinical and financial outcomes is possible with integrated
use of Velos Financial.
Velos Financial Feature and
Benefits
- Powerful user-friendly and efficient Windows platform
- Right-button mouse functions, multi-windowing, dropdown boxes,
search engines, screen printing and export to Word or PowerPoint
- Hardcopy or electronic UB-92 and HCFA 1500
- User maintainable fee schedules, code tables and claims
formats, extensive user-defined default values throughout the
system
- Optional calendar-oriented charge capture
- Online check-box approval of charges
- Multi-level date sensitive service master for facility,
insurance and plan pricing and coding (e.g., HCPCS/modifiers) over
different periods
- User defined payer specific billing cycles
- Automatic separation of billable and non-billable items
- Date sensitive service specific authorizations
- Unlimited number of insurance carriers at the same or
successive payer levels
- Claims preview with wizard tool accommodates simple changes
instantly without reprocessing
- Payer reclassification automatically handles all related
accounting entries
- Rebilling with automatic reversal of original claim
- User-defined coding scheme and accounting structure for
reporting of revenue, write-offs, adjustments and payments
- Cash can be automatically applied based on use-defined
tolerance parameters
- Unique tree-structured patient ledger simplifies account
maintenance
- Successive payers, patient and guarantor can be automatically
billed per user defined collection rules
- Comprehensive aging report package with user-defined aging
categories, service or posting date
methodology
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