We provide comprehensive Revenue Cycle Management (RCM) services for healthcare providers. Our goal is to streamline your billing processes, reduce claim denials, and maximize revenue by optimizing your practice’s financial workflow.
Revenue Cycle Management (RCM) is the process of managing the financial transactions of a healthcare practice, from the moment a patient enters the system until the final payment is received. RCM includes patient intake, billing, coding, claims submission, payment posting, and follow-up, all working together to ensure efficient and accurate reimbursements.
Efficient RCM ensures that your healthcare practice maintains a healthy cash flow, reduces administrative burdens, and minimizes claim denials, allowing you to focus more on patient care and less on financial management.
MediVanced’s RCM services are powered by industry-leading practices and technology to ensure accurate billing and timely reimbursements. Here’s how it works:
Accurate patient registration and insurance verification are crucial for smooth claims submission and reimbursement.
Accurate medical coding is vital for ensuring that healthcare providers are reimbursed correctly and in a timely manner.
We submit claims promptly to insurance carriers, ensuring that all documentation and coding is correct to prevent rejections.
Payments from insurance providers and patients are promptly posted to patient accounts, keeping track of balances owed.
Denied claims are reviewed, corrected, and resubmitted to ensure timely reimbursement and reduce revenue loss.
