Revenual Cycle Management

The industry-wide transition from fee-for-service to value-based care reimbursement will bring changes to traditional revenue cycle management.

While hospitals, small practices, and larger healthcare systems are known for saving lives and treating patients, every healthcare organization needs to develop successful processes and policies for staying financially healthy. That is where healthcare revenue cycle management comes in.

Healthcare revenue cycle management is the financial process that facilities use to manage the administrative and clinical functions associated with claims processing, payment, and revenue generation. The process encompasses the identification, management, and collection of patient service revenue.

Without this key financial process, healthcare organizations cannot keep their doors open to treat patients. Healthcare revenue cycle management is the strategy that healthcare organizations use to pay the bills.

The Healthcare revenue cycle is a complex maze of all administrative and clinical processes that are required to capture, manage, and collect the money for medical services rendered to patients.

Whether your need is in a particular point within the revenue cycle or across the continuum, ensure better results with best practices that enable you and your team to focus on business building and creating better patient experiences. Below is an outline of the RCM disciplines in which we provide service

Top 5 ways healthcare organizations benefit from remote coding:

Free up space: Choosing the remote coding option can help free up valuable space within a hospital or clinic setting. Whether space is limited or sufficient, the space saved can be used for other infrastructure or service-oriented functions.

Reduce expenditure: Outsourcing your coding to a reputed vendor guarantees that you get professionals who are well trained and updated with the latest regulations. This means you can save on training costs. Also, remote medical coding is considerably more cost effective than in-house coding staff with the same level of accuracy

Scalability: Remote coding ensures that healthcare organizations are able to balance out the medical coding according to the demand that could vary at different times. So you only have to pay for what you need.

Increased security: Remote coding from a reputed vendor will always have increased security measures in place, at times even more than what would be in place within a hospital setting. Whether it is HIPAA compliance or a disaster recovery system, your medical documentation is in safe hands with remote coding.

Ensures compliance: With regulations in coding changing ever so often, keeping track and staying up-to-date takes up a lot of time when it comes to in-house medical coding professionals. But with remote coding, you don’t have to spend precious time on this and can continue to focus on other core operational areas and patient care while being rest assured that your coding is up-to-date and compliant.