Revenue Cycle Management
Streamline your Cashflow and Maximize Reimbursements
Our consulting services and training around billing, coding, and revenue cycle management are designed to maximize reimbursement from payers on submitted claims. This consultation and training enables practices to get their in-house billing and revenue back on track to allow them to dedicate more time to delivering quality care.
Dealing with Billing and RCM Problems?
Decreased Reimbursement
Improper coding, training, or workflows can slow down or stall your reimbursement.
Increased Claim Denials
Poor workflows, improper use of data, or lack of timeliness can increase your claim denials.
Payments Stuck in A/R
Lack of processes and patient engagement can lead to payments stuck in A/R.
Unoptimized Workflows
Your team’s workflows or limited capacity could be hurting your accounts receivable.
Improving your Revenue Cycle Management Workflow
When it comes to practice profitability, understanding billing and coding and proper RCM workflows are everything. Is your practice’s RCM system as efficient as it could be?
Revenue Cycle Analysis
Review of A/R processes, providing real-time solutions to improve workflows.
Lock/Hard Close
Working with your practice to set up or review lock/hard close processes.
Denial Management
Set up and training for Denial Management and Encounter Review processes.
Eligibility Analysis
Review of IE, set-up, and audit of Eligibility PM Scheduled Task with training.
Claim Edits
Recommendation and build of Claim Edits based on type of practice.
Database Analysis
Assistance with running financial reports to identify gaps and find areas for improvement.
Leverage Ascent Healthcare’s Automated RCM System
Through our partnership with Ascent Healthcare, we help you gain access to the latest RCM automation technology. The Ascent Revenue Management System, for practices looking to outsource and automate RCM, yields payments that are faster and more accurate.
Outsource And Automate: Our system removes human error and speeds up reimbursement.
Technology At Work: Artificial intelligence, machine learning, and robotic process automation accelerates your A/R.
EHR/PM Agnostic: Easily integrates with your existing EHR/PM systems.
Recommendations: AI-triggered recommendations for denial resolution by payer and denial types.
Proven Success Through Hands-On Support
Our consultants are experienced healthcare professionals with a track record of delivering clients results. Read for yourself.
Providing Quality Healthcare Solutions
Medical Advantage’s Billing and RCM solutions helped us recover over half a million dollars in lost and missing revenue.
Since working with Medical Advantage, we checked in with our insurance department to see how things were going. On a scale of 1-10, they rated performance as a 10.
Medical Advantage not only provided us a consultant that was VERY knowledgeable about eCW, but was also knowledgeable about RCM as a whole. The consultant was professional, courteous and available to me any time of day I needed their support.
