Financial Success Begins with a Full Revenue Cycle Analysis

The success of your practice rests largely upon effective management of your revenue cycle. A comprehensive review of your current billing processes, policies and procedures can help you discover where your practice is missing revenue opportunities.

DoctorsManagement offers a comprehensive review of your revenue cycle process, which includes:

Billing and Accounts Receivable Evaluation – to help identify underlying causes of extended payment cycles by evaluating key billing and collections indicators and benchmarks as compared to better performing practices. Also helps ensure all available revenue is accounted for, this evaluation will include a review of the current charge master, timeliness of charge capture, codes utilized, remittance files, and adjustments and write-offs.

Preventive Measures – reviewing the patient registration processes helps to ensure that accurate and complete information is being captured up-front, during scheduling and registration. We also identify if eligibility and insurance verification and financial counseling is structured so to identify accounts that may require financial clearance.

Information Technology – an evaluation that helps to ensure that you staff is properly utilizing your existing technologies and tools of the billing system, clearinghouse, and payer websites.

Workload & Qualifications – current staffing levels and staff qualifications will be evaluated to ensure cost effectiveness and a standard of quality work and performance. The staff will be evaluated for coding and billing knowledge, claims processing and denials management abilities, and customer service so that training can be customized to help improve efficiency.

Don’t compromise your standards when it comes to revenue

Our in-house team of consultants and specialists are US-based and are among the highest trained in the industry. Due to our unique position as the parent company of NAMAS (National Alliance of Medical Auditing Specialists), a premier educator for coding recognized by the American Academy of Professional Coders (AAPC), our team receives the most current coding and billing training and support. They understand the complexity of your environment and have significant experience across the entire continuum of the revenue cycle.

We focus our deep knowledge of practice operations, compliance, billing regulations, productivity indicators and benchmarks, and information systems to help you achieve the optimal revenue results for your practice.

Read about a recent success with a client…

How DM helped one practice increase revenue by $40,000 per month