When you visit our website, one of the first terms you are greeted with is “revenue cycle management.” You see that phrase all over our site and when you contact our professional business consultants, they will also discuss revenue cycle management with you as well. But what does it mean?
Revenue Cycle Management In A Nutshell
When you perform a service or procedure on a client, you have created a revenue event. That simply means that your actions have created a situation where you can generate an invoice that needs to be paid. But how that invoice gets paid and what you do with that money is where revenue cycle management comes into play.
Our business consulting professionals are experts in making sure that your practice is set up to get paid by the insurance companies your patients utilize and we also make sure that all of the information those insurance companies need is current. Then we sit down with you and examine the way you run your practice and we make recommendations that will increase your revenue.
Our Professionals Take The Weight Off Your Shoulders
You need professional revenue cycle management services because tending to your patients and getting paid for your work are two separate full-time jobs and you can only do one of them. Since you trained for years to perform your medical services, the obvious choice is for you to tend to your patients and offer the highest level of service possible. But that still leaves the business side of your practice unattended. That is where we come in.
Our services are seamless to your staff, patients and insurance providers. When you get a denial for payment, our professionals spring into action to find out why. When the new year begins, our experts are hard at work making sure that your practice is compliant with all of your insurance providers. We take the weight of the business side of what you do off your shoulders so you can focus on your patients.
Revenue Cycle Management Takes Care Of Details You Never Thought Of
When you were studying for your medical certification, did you ever think that you would need a translation service to take care of some of your insurance billing? That is just not something they teach you in any kind of medical school. Yet, if you come across a patient from a foreign country, you will definitely need to speak their language to get paid.
We understand all of the details that go along with the medical practice management business and we take care of those details. We have a translation service just in case, and we can also customize all of your financial reports so they are easier for you to read. We do these things to help you get the maximum financial return for the practice that you worked so hard to build.
A Regional Medical Resources, we have built our business on the concept of providing high quality practice management services for busy medical professionals. We urge you to give us a call before the business side of your practice starts to overshadow the medical services you vowed to offer. We will take care of all of your business and let you get back to taking care of the patients who rely on you each and every day.