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| Revenue Cycle Management
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Can you imagine the benefits of having a Revenue Cycle Management Partner?
A medical practice is one of today’s most complex businesses, and it must generate revenue if it is to survive. Billing comes to most people’s minds when you mention Revenue Cycle Management, but the topic is really much broader. Revenue Cycle Management is a process that truly affects the entire office. From a new patient’s first inquiry to closing the books on their visit, having an efficient Revenue Cycle Management Partner can make or break your practice.
PhySource Solutions earns the opportunity to be your Revenue Cycle Management Partner, by going the extra mile. We are professionals with one goal in mind… to make your practice successful.
Nearly every function in the practice has the ability to positively or negatively impact the group's ability to collect its revenues in a timely and accurate manner. PhySource Solutions understands to achieve key benchmarks; we need to work with your practice as a partner to ensure your revenue cycle is being managed efficiently. We’ll help you improve profitability by monitoring, measuring, and managing your revenue cycle.
With PhySource Solutions Revenue Cycle Management you can expect:
- Generation of trend reports
- Standardization of denial codes in your system
- Identification of rejection causes
- Monthly analysis of denials by category
- Monthly practice assessments based on MGMA’s A/R benchmarks
Revenue cycle management and denials management for cardiology and cardiothoracic practices is so complex that overturning denials can be virtually impossible with traditional medical billing services. Published information on Medicare denial rates indicate a typical cardiology practice loses 24% of their total revenue to denials. As a result PhySource Solutions has developed a specialized staff to support the revenue cycle management for cardiology and cardiothoracic specialties. At PhySource Solutions our Revenue Cycle Management is more than Surgical Coding Services, Medical Billing Services, Denial Management, and Front-End Training it encompasses all of these facets to bring your practice to the next level.
See what PhySource Solutions fully integrated Revenue Cycle Management can do for you. Please use our request more information form, or you may call us directly.
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