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.
Our in-house team of consultants and specialists are among the highest trained in the industry due to our unique position as the parent company of NAMAS, a premier educator for coding recognized by the American Academy of Professional Coders (AAPC). They understand the complexity of your environment and have significant experience across the entire continuum of the revenue cycle. We bring in-depth knowledge of practice operations, compliance, billing regulations, productivity indicators and benchmarks, and information systems.