REVENUE CYCLE MANAGEMENT SOLUTION
Revenue Cycle Management Company- RCM Services
Whether a physician or an ancillary provider, cash flow and revenue are the lifeblood of revenue cycle management for Physician Practices and Healthcare Organizations. Implementation of RCM results in healthcare facilities eliminating overcharging their patients, enhancing the patient experience, and increasing their credibility. RCM partner and physicians both are directly responsible for your medical practice’s financial health as an efficient service provider is significant to get the desired results. An efficient RCM process can shorten the time in getting the claims paid. It acts as a bridge between providing a service and collecting insurance payment by connecting with medical billing systems. It’s more important for practices to evaluate their requirement for dependable Revenue Cycle Management Systems.
I-Med Claims offers adaptable RCM solutions to manage Administrative and Clinical functions that contribute to Capture Management. We provide integrated RCM solutions to assist your complete Revenue Cycle Management Strategy.
We ensure to improve your healthcare revenue cycle by enhancing medical billing, handling denied claims, charge capture, and account receivables management solutions. I-Med Claims handles your issues related to RCM, which enables you to focus on patient care.
steps Of RCM
- Checking patient's eligibility
- Medical billing and charge capture.
- claim preparation and Scrubbing
- Claim Submission
- Payment posting
- Denial Management
- Follow-up on accounts receivable
- Auditing and reporting
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RCM Solutions For Maximum Reimbursement
I-Med Claims is reimagining the established order of the medical billing industry by offering RCM for physician practices and billing services starting from as low as 2.95% of monthly revenue generated. Our Revenue Cycle Management (RCM) Services provides an approach by allowing our professional billers to manage back-office operational processes of your clinic securely and precisely straight through the application.
Complete Revenue Cycle Management For Physician Practices
We understand that implementing new revenue cycle technology can appear to be a challenge. Whatever your existing systems are, our low-cost technology is consistent and quickly gets up and operating. Our RCM for physician practices and medical billing solutions allow you to manage Commercial and Government payments in one location, allowing you to remove the hassle of multiple systems. Provide our employees with user-friendly solutions that will create their work easier and their processes more productive.
Outsource Your Revenue Cycle with our RCM Experts
As they say, “the right man for the right job” can actually play a massive role in making something a success. The same goes for the revenue cycle management solutions for medical practices as well. There are a number of physician revenue cycle management experts present in the industry, who are perfectly willing to provide RCM billing services to medical practices at a fraction of the overall claim reimbursements. However, one needs to know what is revenue cycle management and where can one find the best services in one place?
The answer is “I-Med Claims LLC”, which is a medical billing company operating in the United States with offices all over the country and catering to 50+ specialties. With a claim reimbursement rate of approx. 99%, of this revenue cycle firm, has the right human resource to ensure that your medical practice has a smooth workflow and is consistently growing with time. Hence, you can contact our revenue cycle experts and start your medical billing journey with us anytime.
OUR CORE RCM SERVICES
Medical billing and coding is the process of converting patient charts and clinical data to medical claims, which are then submitted to payers for reimbursement.
ACCOUNTS RECEIVABLE
Accounts Receivable (AR) is the money owed to Providers or medical billing companies for the medical care rendered to patients. Every business must track and obtain their A/R, during the medical billing process.
CREDENTIALING
Credentialing is the primary step to consider for physician practices. In addition, this process gets you enrolled in a provider network of an insurance company. Only verified insurance companies include healthcare providers to serve their customers.
DENIED CLAIMS MANAGEMENT
The denied claims management process gives an understanding of the claim's issues and an opportunity to fix them. We take care of your denied claims and attain the highest reimbursement rates.
PAYMENT POSTING
Payment posting also known as cash posting, payment posting allows in viewing the payments while providing the snapshot of the practices of the financial picture by making it easy in identifying problems and resolving them fast
I-Med Claims has transformed the billing industry with efficient Revenue Cycle Management.
Healthcare Revenue Cycle Management (RCM) is the approach to managing a healthcare provider’s entire revenue cycle and ensuring no delays due to repetitive tasks or revenue collection leakage. The Revenue cycle management for physician practices begins with the patient planning a visit, gathering personal information, to continues receiving medical care, and concluding with payment to the care services provider.
Helped Over 100+ Medical Practices
TESTIMONIALS
The Most Important Aspects Of Our RCM Process
The following are some of the advantages of our revenue cycle management in healthcare:
Enhance Patient Care Experience
Efficient revenue cycle management for physician practices eliminates repetitive processes, simplifies difficulties, and expedites the system. Our efficient revenue cycle management enhances all points of contact of the patient journey and summarizes the procedure with prompt payment.
Errors in Medical Coding and Redundancy Elimination
Errors in billing documents cause delays in the collection process. Our medical billing solutions coupled with revenue cycle management aid in the elimination of errors and the removal of redundancy in the system. Our error-free billing and collection process flow increases healthcare providers’ revenues.
Denied Claims
When the revenue cycle is optimized, and errors in the system are eliminated, the denial rate is automatically reduced. Our RCM process reduces the mistakes in progress payments and corrects the errors to reduce the denial rate.
Simplified Procedures for Physician Practices
Our revenue cycle management and automation helps simplify front and back office procedures. It enhances the scheduling, coding, billing processes, and payment processing. Removing complexities from the workflow is essential for improving provider operational efficiency and ensuring targeted revenue management solution.
Outsource Revenue cycle management to experts for smooth claims processing. Focus on quality patient care while we ensure you get the fees for services rendered in time. Let us help you enhance the financial health of your practice.
Why Should You Choose I-Med Claims For An RCM Billing Services Partner?
I-Med Claims’ RCM services are fully integrated with other healthcare systems which make back-office administrative functions even easier for healthcare organizations.
- Our RCM process saves your time, cost and reduces denials by tracking the claims in a timely manner.
- Providing employee prompts to enter the information to save money on claim adjustments and insight into why claims may be rejected.
- Determine the status of a patient’s insurance and copay requirements
- Entail error detection to aid in the correction and tracking of unpaid claims.
- Our RCM process enhances cost efficiency, less asset downtime, and increased production.
- Our senior Healthcare finance consultants oversee the processes from time to time to further enhance productivity.
- Extensive experience as a revenue cycle management company for dental and physician practices. (since 1997)
HIPAA Compliant Revenue Cycle Management
Healthcare Revenue Cycle Management is considered to be highly crucial for the financial stability of medical practices in the United States. A strong RCM billing mechanism can take the medical practice a long way in terms of growth and sustainability. This is why medical practices often find competent revenue cycle management companies to outsource their medical billing and contribute to a better workflow.
However, it is important to note that outsourcing to revenue cycle management companies is actually a risky fiasco due to the nature of the information involved in the process. Patient healthcare information falls under Protected Healthcare Information [PHI], and its privacy has to be ensured at all costs. This is why a HIPAA-compliant medical billing company such as I-Med Claims is always a good choice when we talk about outsourcing revenue cycle management for maximum revenue collections.
