Revenue Cycle Management
Many medical billing and affiliated service providers claim to offer the latest acronym in the market – RCM – but few deliver! Here are some questions you should incorporate into your conversation when evaluating potential billing outsourcers.
1. Do your services include a full batch to bank reconciliation daily that prevents fraudulent activity within my practice?
2. Do you understand industry standards and what adjustments practices need to make to not just MEET, but exceed those standards?
3. What is the level of technical expertise of your staff?
4. Do you understand Time-Value of money calculations and what processes impact the result of those calculations?
There is very little room for error in today’s healthcare market where the provider is concerned. Claims must be billed accurately the first time! And outstanding A/R reviewed, analyzed and worked daily. To avoid any errors, see how we can help you with revenue cycle management today.