medrevolvebilling.com

Medical Revenue Cycle Services

You Are The Healthcare Legends,
We Are The Champions Of RCM!

Med Revolve Billing’s Medical Revenue Cycle service generates and collects payments for the services a provider provides to their patients. This is a complete Medical Revenue Management System managing end-to-end RCM operations like patient registration, insurance verification, coding, billing, and collections. Moreover, it optimizes the revenue cycle for better financial outcomes of the physician’s medical center. The Medical Revenue Management System is designed to streamline and improve the financial aspects of a medical practice, ensuring maximum revenue capture and efficiency.

Automated Billing

We offer hospital RCM service to utilize artificial intelligence and machine learning to handle coding, billing, collections, denials management, and revenue forecasting with accuracy and compliance. 

Blockchain Technology

Our RCM service reduces administrative overheads with its immutable and self-executing ledger. Blockchain and smart contracts facilitate secure payment collection and distribution among multiple parties. 

Patient Empowerment

Our user-friendly RCM improves the quality of patient care, outcomes, and retention rates with its interactive and personalized tools. When patients are satisfied, your revenue is amplified. 

HEALTHCARE RCM COMPANY

We Are The RCM Supporters For The Life Healers

Medical Revenue Cycle Services

Medical RCM is the process of managing the financial aspects of healthcare delivery. It requires constant adaptation to changing regulations, payer policies, and patient expectations. Otherwise, revenue leakage, cash flow problems, and operational inefficiencies would compromise the financial viability and sustainability of the practice.

You need medical RCM service by Med Revolve Billing – a best medical billing agency – . Our RCM experts optimize your clinic’s revenue cycle.

In addition, We also help providers comply with the latest regulations, such as the Medicare Access and CHIP Reauthorization Act (MACRA) and the Quality Payment Program (QPP).

So don’t let your medical finances be a pain in the neck. Let Med Revolve Billing revenue cycle management services be the cure!

REPORTING & ANALYTICS FEATURES

RCM Reporting On Your Fingertips

Proper Claim Scrubbing

See the key metrics and trends of the revenue billing process in a comprehensive and interactive analytics dashboard. Everyone can compare your performance with industry benchmarks and identify areas for improvement. 

Quick Feedback

Communicate with our RCM experts, your patients, and the insurance payers instantly through the integrated chat system. You can ask questions, share feedback, and resolve issues in real time.

Detailed Reports

Drill down into the details of your revenue cycle with our customizable and granular reports. Each can filter, sort, and export your medical billing data according to your needs and preferences. 

Medical Revenue Cycle Services
Medical Revenue Cycle Services

Multi-Specialty Support

Manage multiple facilities and locations with our RCM reporting dashboard. Everyone can view and compare the data of different sites and groups in one place. Dedicated dashboard for each specialty. 

Data Security

You can rest assured that your data is safe and secure with our RCM reporting dashboard. We use the latest encryption and authentication technologies to protect your data from unauthorized access and breaches. 

Data Integration

You can integrate your data with other systems and platforms with our RCM reporting dashboard. We support various formats and standards to ensure seamless data exchange and interoperability. 

RCM Service Features

We Have The Features To Solve Them!

You have nothing to lose and everything to gain with Med Revolve Billing – a best medical billing agency – Medical Revenue Cycle Management features. This means our healthcare RCM service is the partner you can trust for your revenue cycle success.

Charge Entry Feature

Remittance Processing Feature

Insurance Follow-Up Feature

KPI Reporting & Analytics

Patient Collections Feature

A/R Management Feature

Coding and Documentation

Charge Capture Feature

Contract Management

WHY CHOOSE US?

END-TO-END RCM SOLUTIONS

Poor Cash Flow

Providers struggle with maintaining a steady and predictable cash flow due to various factors such as bad debt and underpayments.

Medical Revenue Cycle Services
Medical Revenue Cycle Services
Medical Revenue Cycle Services

Better Cash Flow

Our med RCM service reduces the bad debt and underpayments by ensuring accurate and timely claim submission and follow-up

Mishandled A/R

Providers face challenges in managing their accounts receivable (A/R) due to the complexity and variability of the process.

Medical Revenue Cycle Services
Medical Revenue Cycle Services
Medical Revenue Cycle Services

Managed A/R

Our healthcare RCM solution provides visibility into A/R performance, such as days in A/R, A/R aging, and A/R turnover.

Misaligned Payer Compatibility

Providers struggle complying with multiple payers, as well as different claim types, like fee-for-service, value-based, and capitated.

Medical Revenue Cycle Services
Medical Revenue Cycle Services
Medical Revenue Cycle Services

Aligned Payer Compatibility

Our flexible and scalable RCM platform adapts to the changing payer requirements and maximizes provider’s reimbursements

High Denial Rates

Providers experience is a high rate of denials from payers, that give negative impact to their revenue and also to their cash flow.

Medical Revenue Cycle Services
Medical Revenue Cycle Services
Medical Revenue Cycle Services

High Recovery Rates

Our proactive and preventive approach resolves the root causes of denials to boost denial recovery rates and revenue integrity.

More Admin Workload

Denials reduce the provider’s revenue collection and increase their workload as they have to appeal and resubmit the claims.

Medical Revenue Cycle Services
Medical Revenue Cycle Services
Medical Revenue Cycle Services

Automated Process

Our RCM experts and EHR platform automate the manual work and perform claim submission with utmost accuracy.

Unsatisfied Patients

Patients are becoming more empowered consumers of healthcare services, so providers find it hard to ensure patient satisfaction.

Medical Revenue Cycle Services
Medical Revenue Cycle Services
Medical Revenue Cycle Services

Satisfied Patients

Our RCM service offers a patient-centric platform to improve the patient-payer relationship via telehealth features.

Complicated Patient Management

Providers struggle with the increasing patient financial responsibility due to high deductible health plans (HDHPs) and self-pay patients.

Medical Revenue Cycle Services
Medical Revenue Cycle Services
Medical Revenue Cycle Services

Automated Patient Management

Our medical billing platform automatically estimates and communicates the patient’s out-of-pocket costs before the service.

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FAQ

Frequently Asked Questions

Revenue cycle management is the process of managing the financial aspects of a healthcare provider’s or facility’s operations. It involves billing, coding, collecting, and reconciling payments from patients and insurance companies.

RCM services can help you improve your cash flow, reduce administrative costs, increase patient satisfaction, and comply with regulatory requirements.

Med Revolve Billing has a robust and proactive system to handle claim denials and appeals. Our expert team monitor and analyze the reasons for claim rejections and denials. Then, correct and resubmit the claims as soon as possible. We also follow up with the payers and negotiate on your behalf to get the maximum reimbursement. We keep the provider informed of the status and outcome of the claim denials and appeals.

We charge for our RCM services based on a percentage of your collections. This means that you only pay us when you get paid by the payers and patients. Our skilled team do not charge any upfront fees, hidden fees, or long-term contracts. We believe that this pricing model is fair and transparent, and it aligns our interests with yours.

 

We take the security and privacy of your data very seriously. Our expert team comply with all the relevant laws and regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) and the General Data Protection Regulation (GDPR).We use encryption, firewalls, backups, and other measures to protect your data from unauthorized access, loss, or damage.

 

We measure and improve our RCM performance using various metrics and indicators, such as:

Days in accounts receivable (DAR): Average number of days it takes to collect the payments from the payers and patients

Claim acceptance rate: Percentage of claims that are accepted by the payers without any errors or rejections

Denial rate: percentage of claims that are denied by the payers for various reasons

Collection rate: percentage of the total amount billed that is collected from the payers and patients

Net collection ratio (NCR):Percentage of the total amount allowed by the payers that is collected from the payers and patients

Our medical billing company has the expertise, technology, and resources to handle all aspects of your RCM process. We can help you with:

 

  • Coding and submitting accurate claims to payers
  • Tracking and following up on claim status and denials
  • Posting and reconciling payments from payers and patients
  • Managing patient accounts and statements
  • Providing reports and analytics on your financial performance