Revenue cycle management is one of the significant crux of a business organization. Being the globally leading and well-established offshore hospital revenue cycle management company, our professional team of experts will help you to develop a goal-oriented revenue cycle strategy for your business. Finding it challenging to generate revenue or experiencing administrative hassles on an everyday basis? Hire the healthcare revenue cycle management services provided by the dedicated team at MediBilling Experts. Hospital revenue cycle management, also known as RCM, is a crucial phase in the healthcare industry and is directly accountable to claim processing, revenue generation, and provider’s payment.
REVENUE CYCLE MANAGEMENT SERVICES
Our Work Flow
Revenue cycle management outsourcing has become a common trend and we ensure to cater to all our client requirements, regardless of the involved complexities. Our healthcare revenue cycle management service is aimed at generating better and notable revenue for your business with a drastic decline in the operational cost, simultaneously.
Our affordable hospital revenue cycle management services will aid you to enhance the revenue generated from the underpaid claims, maintaining a consistent follow-up with the insurance companies to speed up the settlements, and also helping with the payment collections.
The top Revenue Cycle Management Outsourcing solutions offered by our team include:
Denial Management Service
Our professional experts will aid you to examine, rectify, and re-submit the denied claims.
RCM outsourcing to our team will ensure instant and precise posting of every payment into your billing system.
Managing Account Receivable
Helping you to uncover the hidden patterns and using the data to efficiently tackle the patient and insurance A/R.
Helping you with the processing of data related to patients such as personal information, demography, and insurance-associated information. Also authenticating the collected patient details.
Verification of Insurance Eligibility
This service involves the authentication of medical documents and maintaining a follow-up with the patients (if there exists a deficit in supporting documents).
Examining the demography and population of your patients and helping in the identification of ‘self-pay’ patients (who have insurance coverage but are not yet addressed).
This procedure comprises of identifying the basis on which claims are denied, examining the receivables, and keeping a follow-up on the pending claim.
The revenue cycle management process followed at MediBilling Experts is designed in the following way.
Pre-authorization of patient
Verifying the eligibility details for insurance
Submission of insurance claims
Reporting and generating reports
Need for Revenue Cycle Management outsourcing to our team of specialists!
- Simplifying your medical billing and revenue-generating cycle
- Successfully capturing the flaw-filled insurance data and minimizing the denied claims
- Storing the patient and medical data in a secure way
- Following the best revenue cycle management strategies and processing
- Providing extensive reporting and dashboards
- Rapid TAT and robust data security measures
- Entering the essential data for claim processing while preventing the re-submission of claims
- 24*7 assistance availability along with disaster recovery measures
- Systematic, accelerated, and streamlined cash flow