What is Revenue Cycle Management?
According to RevenueXL, Revenue Cycle Management (RCM) is a financial process used by healthcare practices to maximize the total patient service revenue generated by the practice as quickly as possible. This is achieved by managing and optimizing all the administrative and clinical functions contained in the revenue cycle. The RCM services for your facility will ensure accuracy and a results-oriented approach. The primary goals are to ensure accurate and efficient payment for healthcare services, minimize denied claims, and improve revenue collection. When your claims are handled accurately, and the bills are paid in full and on time, we have maximized your revenue and cash flow.
Solving Your RCM Issues
Do you need help identifying missing information and confirming insurance details before patient visits? Integrity Billing addresses these variables to minimize the likelihood of claim hold-ups.
Integrity makes informed, data-driven decisions to improve documentation and coding quality. Our comprehensive suite of RCM services is customized for each client. Integrity’s experienced team of experts serves as an extension of your business office, providing a specialized approach tailored to your needs.
We will study your performance benchmarking, root cause analysis, predictive analytics, and review operational improvements in a timely manner. We provide you with the insightful data that will help you understand your revenue cycle performance more clearly. We will identify underpaid claims and work towards recovering lost revenue. You will notice that we aggressively follow-up on unpaid claims. Once your facility begins working with Integrity, you will see a decrease in claim errors and denials.
RCM helps medical practices like yours stay compliant with the numerous healthcare regulations. This reduces the risk of financial penalties and legal issues. Integrity understands the importance of protecting your behavioral health or mental health facility and your patients’ data. We wholeheartedly comply with every regulation to ensure compliance.
Your Reporting Package
Integrity provides you with a standard package of monthly reports that cover various aspects of your facility’s performance. These comprehensive reports include both high-level summaries and itemized details on charges, payments, and aging receivables. By analyzing these reports, you can gain a clear understanding of your revenue cycle performance and make informed decisions to improve your facility’s financial health.
From insurance verification and prior authorization to the final payment of a balance, we can help you simplify your revenue cycle management processes. Let’s set you up for success. Contact Integrity Billing today at 561-355-5640.