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Medical Revenue Cycle Management Service
ProficientRCM Medical Revenue Service handles payment generation and collection for healthcare providers. This comprehensive revenue cycle management solution oversees all aspects, including patient registration, insurance verification, coding, billing, and collections. Our RCM billing services enhance financial outcomes for medical practices.
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WHY CHOOSE US
ProficientRCM Revenue Cycle Management Service in Medical Billing
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Managing a medical practice's finances can be challenging due to changing regulations, strict insurance policies, and high patient expectations, often leading to revenue loss and operational chaos. BellMedEx’s revenue cycle management (RCM) specialists can help restore your practice's financial health through precise billing, securing contracts with leading insurers, and ensuring all earned revenue is collected. Don’t let financial issues overwhelm you—contact ProficientRCM Medical Revenue Service today to optimize your revenue cycle and enhance patient satisfaction.
- Claims Management
- Denial Prevention
- AR Optimization
- Improved Collections
services
Let ProficientRCM Service seal cracks in your revenue cycle
We identify opportunities to boost your revenue through enhanced billing, coding, denial management and more.
WHAT DO WE OFFER
What is revenue cycle management (RCM)?
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.
Why do I need RCM services?
RCM services can help you improve your cash flow, reduce administrative costs, increase patient satisfaction, and comply with regulatory requirements.
How do you handle claim denials and appeals?
We have a robust and proactive system to handle claim denials and appeals. We first 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.
How do you charge for your RCM services?
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. We 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.
How do you ensure the security and privacy of my data?
We take the security and privacy of your data very seriously. We 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.
How do you measure and improve your RCM performance?
We measure and improve our RCM performance using various metrics and indicators, such as:
Days in accounts receivable (DAR): the average number of days it takes to collect the payments from the payers and patients
Claim acceptance rate: the percentage of claims that are accepted by the payers without any errors or rejections
Denial rate: the percentage of claims that are denied by the payers for various reasons
Collection rate: the percentage of the total amount billed that is collected from the payers and patients
Net collection ratio (NCR): the percentage of the total amount allowed by the payers that is collected from the payers and patients
How can your medical billing company help me with RCM?
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