Professional Revenue Cycle Management
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Our revenue cycle management service (RCM) helps improve profitability by identifying areas where revenue can be increased, controlling costs, and optimizing administrative processes. We are working closely with you to assess your financial situation.
The revenue cycle is the entire process from creating a product to receiving payment. We help companies optimize all stages of this cycle to increase profits and minimize losses.
Revenue cycle management plays a crucial role in the financial health of healthcare providers. It encompasses all administrative and clinical functions that contribute to capturing, managing, and analyzing patient service revenue. Effective revenue cycle management helps ensure that healthcare providers get paid on time and correctly for their services. This lowers the chance that their claims will be denied or delayed and makes them more financially stable.
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Our services
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Doctor’s Revenue Services Comprehensive Solutions for Revenue Cycle Management
Revenue cycle management has become increasingly complex in the United States due to rapidly changing regulations and technological advancements. To overcome these issues, healthcare providers must adopt comprehensive solutions to integrate existing systems, streamline data management, and optimize payment processes. By partnering with Doctor’s Revenue Services, healthcare providers can stay ahead of these challenges and optimize their financial performance.
Our Revenue Recovery Specialists will provide you with comprehensive business consultancy in medical billing and coding with digital processes that will reduce manual work and improve your business revenue workflow through automation. This approach constantly enhances overall operational efficiency and allows the business to expand its best services to Patient Care.
Stages of revenue cycle management
Planning and forecasting – creating financial forecasts and targets
Sales – managing the sales funnel and conversion
Fulfillment – monitoring order fulfillment and delivery
Payment – optimization of payment collection processes
Regular monitoring of coding quality
Analytics – analysis of results and adjustment of strategy
Audit of current revenue management processes
Analysis of the effectiveness of marketing campaigns
Optimization of pricing and tariff plans
Accounts receivable management
Automation of payment collection processes
Development of revenue growth strategies
Benefits of revenue cycle management
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Healthcare providers must employ software technology and a centralized billing/coding system to achieve compliance. The revenue cycle plays a vital role in how organizations can operate daily. Unfortunately, many hospitals and practices make the error of not placing enough emphasis on the Revenue Cycle Management Process to meet their objectives.
Doctor’s Revenue Services revenue cycle management solutions are designed to streamline billing processes and facilitate more accurate and efficient payments, making it easier for healthcare providers to optimize their finances. Our services include medical billing and coding, insurance verification and authorization, claims management, and payment posting. Our technology allows us to automate the process and eliminate manual errors while our team of experts provides insights and analysis to help identify areas for improvement.
Increase revenue by optimizing processes
Reduction of accounts receivable
Increase the effectiveness of marketing expenses
Improving customer experience
Automation of routine processes
Transparency of financial flows
Doctor’s Revenue Services Provides Best Revenue Cycle Management Services
Implementing an End-To-End Revenue Cycle Management Solution and racking a claim through its entire cycle
Improve revenue by effectively managing your insurance follow-up and claims denial processes
Design Strategies for a High-Performance Revenue Cycle through Standardized Quality Training Program
Design models to reduce Account Receivable and real-time reporting and analytics
Monitor revenue goals and visualize areas for improvement Improve the Patient Financial Experience through Streamline Patient billing
How we work
Understanding Doctor’s Revenue Services Revenue Cycle Management Process
Doctor’s Revenue Services is here to provide an excellent Revenue Cycle Management (RCM) system service. Our Healthcare Revenue Cycle Management process facilities to manage the administrative and clinical functions that are associated with patient appointments, scheduling, patient visit, and care services, patient eligibility and benefits verification, prior authorization and referral, chart review and clinical documentation, HCPCS coding, charge capture and charge entry, billing and claim submission, claim rejections, self-pay collections, patient payments, and patient statements.It also includes insurance payment and refunds, payment posting and reconciliation, Accounts Receivable and Denial Management, claims appeal and follow-up, write-off, and closing account procedures. Our dedicated Revenue cycle management professional staff will present you with a real-time assistance program to reduce the administration cost and save time through automation.
Diagnostics of the current state of processes
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Development of a revenue management strategy
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Implementation of solutions and process setup
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Training staff to work with the new system
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Monitoring and optimization of results
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Regular support and updating of the system
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Results for your business
Increase asset turnover
Optimize the use of assets for more efficient financial management and improve the overall efficiency of the billing service.
Revenue growth by 20-30% in the first 6 months
Achieving a significant increase in revenue by expanding the customer base, increasing customer loyalty and optimizing the processes of interaction with them.
Reducing payment processing time by 50%
Optimizing internal processes for faster payment processing, which will improve the financial situation of patients and increase their satisfaction with the service.
Reduction of revenue management costs
Minimization of operating expenses through automation of routine processes and optimization of work procedures, which will allow reallocating resources for the development and improvement of the quality of services.
Increase the accuracy of revenue forecasting
Improve revenue forecasting based on data analysis and the use of advanced analytical tools for more accurate planning and decision-making.
Improving customer service quality
Increase patient satisfaction through faster and more accurate payment processing, as well as a personalized approach and improved communication.
