Revenue Cycle Management for Healthcare Providers
Revenue cycle management (RCM) can be defined as the process of handling claims, processing payment and generating revenue in the healthcare industry. It begins just at the time when a patient makes an appointment and continues till the balance on his account becomes nil.
Often the difference between prompt payment and even being paid is knowing patient's benefits. We've been in the revenue-cycle business for over 20 years and really understand your needs.
Our goal is to help you be more successful at securing payment on the front-end of the revenue cycle in order to avoid the expense of collecting at the back.
The Revenue Cycle Management Process in Medical Billing
The revenue cycle encompasses all the steps involved in earning revenue from patient services. At Secure, we can handle any aspect of the process to improve your practice's efficiency. Let us assist with any or all of these revenue cycle stages:
- Charge capture
- Claim submission
- Patient collections
- Remittance processing
- Third-party follow-up
- Utilization review
- Insurance and Patient Accounts Receivable Follow-up
Healthcare Revenue Cycle Consulting's Value to Your Practice
When you choose to outsource revenue cycle management to Secure, you'll get the resources you need.
Improve Your Patients' Experience
Streamlining your revenue cycle benefits both your practice and your patients. With faster claims processing, your patients can rest assured that they understand their costs. Better communication among the parties involved in the revenue cycle also results in better care coordination.
Optimize Your Operational Spending
With faster and more efficient revenue cycle management, you can better control your spending on operations. By outsourcing the process, you'll leave your revenue cycle to experts who know how to manage it effectively. As a result, you can better predict your revenue cycle costs and profits.
Comply With Government Initiatives
Multiple government programs influence the reimbursement you receive from your claims. CMS's quality incentive payment program which rewards value and outcomes in one of two ways: Merit-based Incentive Payment System (MIPS) and Advanced Alternative Payment Models (APMs) impact your Medicare and Medicaid claims. Our revenue cycle professionals follow the latest industry regulations to provide the best results possible.
Maximize Claim Reimbursements
Accurate and efficient revenue cycle management from Secure results in faster reimbursements for your practice. With a seamless revenue cycle, you'll get more compensation for your claims in less time. Measures like insurance verification and program compliance help you maximize the profits you receive.
The Secure Difference in Healthcare Revenue Cycle Management Companies
We set ourselves apart from the competition in the individualized approach we take with every client. When you become a Secure client, you can consider us your partner in your practice's success. Our consulting ability differentiates us from the rest of our industry.
Consulting and Guidance
As a Secure client, you can consider us your consultant in billing and practice management. We keep ourselves informed of industry standards so we can provide you with accurate advice. Our team will work alongside you to optimize your operations so you can give your patients better care.
Ongoing Webinars and Education
Secure customers can also receive regular training from our education team. We offer webinars and educational sessions on a wide range of topics related to our services. These solutions keep our clients updated on developments in the healthcare industry.
Full-Service Revenue Cycle Management for Physicians
Revenue cycle management makes up just one of the solutions that we offer to medical organizations in Pennsylvania. Combine your revenue cycle management with any of these additional services:
Your Medical Revenue Management Service in Allentown, PA
To accommodate as many client budgets as possible, we charge a percentage-based fee. We only get paid if you get paid.
Count on our experts for comprehensive healthcare revenue cycle consulting and management. For more information on our solutions, please contact us online.