The RCM Workflow Process
Revenue Cycle Management (RCM) is the financial process, leveraging the power of medical billing software to track patient care experiences from registration and appointment scheduling to the final payment. RCM unites the business and clinical sides of your practice by merging administrative information such as patient and insurance provider data, with the treatment a patient receives and their healthcare data.
Now more than ever independent clinicians need to remain steadfast regarding their practice’s financial health. With decreasing payouts from insurance companies, demanding government healthcare initiatives, and increasing A/R…how does one even begin to initiate an internal proactive process?
We have a tool that comes standard with one of our RelayHealth Clearinghouse options called Financial Diagnostics.
In a moment’s notice, you can view:
- the average turnaround time for a claim
- a transmission status
- payor processing time with claim dollars
- receivable dollars with ERA opportunities
- your practice’s performance comparable to other clinicians in your specialty or state
- top payor rejects
Receive instant feedback on the pulse of your practice. Increase your financial and operational visibility with these easy to generate dashboards.
MediPro will be co-hosting an exclusive Financial Diagnostics webinar on Thursday, June 22nd at 1:00p ET. If you’d like to learn more or attend the event, please send an interest e-mail to [email protected] with your name and practice details.