Healthcare revenue cycle management services

What are the benefits of revenue cycle management?

Revenue cycle management processes save a ton of time. RCM systems allow for lots of patient-facing features, such as pre-registration. This means the patient can fill out much of their information even before their appointment, saving time later on.

Connecting the RCM system to the EHR system adds clinical documentation improvement. Diagnoses and ICD-10 codes will also transfer automatically. Synchronizing both systems will save time and reduce the chance of errors somewhere along the way.

Healthcare providers often lack a dedicated billing department. Even if there is a billing department, they’re almost always overworked and understaffed. This results in low operational efficiency.

RCM solutions streamline billing processes and ease the load on billing and non-billing staff. This way, the medical staff can focus on treating patients while the billing staff has an easier time handling payments.

Revenue cycle management solutions allow you to pinpoint certain weaknesses in your medical billing and address them. Billing rarely gets the attention it needs and cash flow suffers as a result. Removing those weaknesses will help improve financial performance and optimize revenue.

Insurance claims are another field that usually needs more attention. Many claims are denied or disputed thanks to incorrect or missing information.

A well-optimized and integrated RCM system can help you avoid many of the pitfalls associated with insurance claims by ensuring everything’s been filled out properly before going to the insurance company.

Revenue cycle solutions are not only good for the organization, but they also increase patient satisfaction. Patients usually pay after the insurance claim has been submitted, processed, and paid.

This whole process can take quite a while if your revenue cycle isn’t optimized. And no one wants to be pestered about a medical bill for a procedure they had done months ago. Cycle management helps avoid such irritating situations by completing the billing process quickly and efficiently.

Not only that, but revenue cycle services can help improve healthcare practices. By increasing your revenue in an efficient manner, you’ll be able to afford to invest in technology solutions and get your healthcare organization to the next level.

Why Blue Eagle Consulting?

Blue Eagle Consulting has been on the market for nearly two decades. In that time, we’ve helped hundreds of clients, and we’ve accomplished a 96% success rate. That’s why we’re confident we can help your organization, too.

With our expertise across healthcare operations and EHR systems, we’re well-equipped to help you improve revenue cycle management. We can help you address root causes to improve efficiency, reduce variation, increase net revenue, and maximize the positive experience for your patients, your staff, and your physicians.

Our proven staffing and advisory services help you not only optimize your revenue cycle management but also improve the quality of care, revenue cycle integrity, compliance measures, and patient experience.

We take a holistic approach to healthcare revenue cycle management. This means creating revenue cycle transformation solutions and methodologies, as well as identifying and addressing the strengths and weaknesses of your organization’s administrative and clinical functions. We’ll help you improve your business operations and protect the income your healthcare providers work so hard to earn.

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