Engaging patients, driving a healthy bottom line, and enhancing efficiency are some of the biggest challenges healthcare organizations face in the wake of growing competition and surmounting operational costs. However, having a patient-focused revenue cycle management (RCM) solution can help you overcome these challenges and improve your revenue.
A healthcare revenue cycle is ordained with complex, mundane, and challenging processes and procedures that need proper financial management by experts throughout your patients’ healthcare journey - involving patient, payer, and sometimes third-party contributors. We can help you cut down revenue losses with our patient-focused revenue cycle management solutions, complete with state-of-the-art patient engagement.
Our expertise in healthcare debt collection encompasses an in-depth understanding of recoupments, appeals, denials, and much more. With state-of-the-art automation technology and resources, we help you enhance your revenue through improved debt collection. Our technology, experience, domain expertise, and multichannel collection approach align 100% with the collection of every dollar you earn. We ensure that each step of the revenue cycle goes seamlessly, resulting in maximized revenue and heightened patient satisfaction.
Revenue cycle management covers a stepwise process to manage healthcare processes associated with claims processing, payment, and revenue generation. It comprises all the functions from creating a patient account to collecting payment.
Revenue Cycle Management plays a significant role when it comes to day-to-day healthcare operations. RCM ensures that the providers stick to policies and practices in place to streamline the billing and collection cycles and stay financially fit.
The Healthcare RCM process comes with several steps. This includes,
Revenue Cycle Management can be complex to handle. With multiple processes, they ensure,
Many states require debt collectors to be licensed. A debtor may always check the information the caller provides with the state attorney general. The state regulator may be of assistance when understanding whether a debt collection agency has the right to collect.