Achieve Operational and Financial Stability with Our Unique Revenue Cycle Management Services
Our expertly tailored revenue cycle management services drive potential revenue boosts to your practice through efficiently generating and collecting payments for the services you deliver. Our uniquely superior and all-inclusive RCM Services include patient registration, insurance verification, coding, billing, and collections. We seamlessly ensure operational efficiency and productivity to make your practice financially feasible.
Request Free RCM Consultancy
How Our Revenue Cycle Management Services Make a Difference?
Revenue cycle management is a largely complex task that requires extraordinary skill and effort. It involves varying regulations and complex health plans such as strict insurance policies and patients’ expectations higher than Mt. Everest. It is a recipe for cash flow disaster, revenue leakage, and
operational chaos.
Our revenue cycle management experts at CareCloud MB have time-proven competency to transform your healthcare practice. Our certified professionals safeguard your practice against all the discrepancies that put you at risk such as revenue leakages, workflow disruption, and financial losses. To enhance your patient pool, we enroll you with the top commercial payers. We believe each dollar that you deserve for the services you have delivered is important and makes a significant difference to your practice.
So, never let operational inefficiencies disrupt your practice cash flow. CareCloud MB has extensive experience, vision, and talent to effortlessly navigate both growth and stability. Call us today to experience explosive growth while maximizing collections and delighting patients.
Are You Getting Fully Paid for The Services You Deliver?
<<< We transform vision into a reality with our financially resilient strategies >>>
Optimize Your Finances and Operation with time-proven RCM services
Our profoundly expert and certified professionals have explored diverse possibilities to devise strategies to improve the revenue cycle. Based on expertise and vision, we optimize your cash flow and streamline operation billing and collection. We utilize advanced technology and highly competent professionals to arrest any revenue leakage possibility by thoroughly analyzing and assessing billing codes and documentation, driving your practice to sustainable growth.
Take Your Practice to The Next Level with Our Revenue Cycle Management Services
Over the years of experience in this industry, we have tailored strategies to unlock productivity and peak performance with our transformative revenue cycle management services. Our experts follow modern technology adoption trends to ensure higher accuracy, leading to potential revenue gains for your practice. Additionally, we provide target insights to our clients to optimize collections and improve their operational procedures.
Arrest Revenue Leakage with CareCloud MB RCM services
We understand that uninterrupted cash flow and streamlined operation are vital for the sustainable growth of a healthcare practice. As per our profound experience and understanding of this industry, revenue cycle management has a crucial role in the operational viability and cash flow of a healthcare facility. Our professionals are adept at accurately identifying, collecting, and managing revenues generated from patient services. They immediately eliminate any crack hinting at revenue leakage
through the most sophisticated approaches.
End-to-End RCM Service Features by BellMedEx
Charge Entry Feature
- Entering creation, transmission, and validation
- Claim approval confirmation
- Entering valid super-bill information
- Claim status tracking
Remittance Processing Feature
- Payment processing from the payers
- Payments reconciliation with providers' claims
- Processing of denials and adjustments
Insurance Follow-Up Feature
- Following up with payers for unpaid claims
- Contacting payers on providers’ behalf
- Resolving and negotiating claim disputes
KPI Analytics & Reporting
- Monitoring key performance indicator
- Analyzing days in accounts receivable
- Analyzing collection rate and claim denial
- Customizable and comprehensive reports
- Advanced data visualization tools
Patient Collections Feature
- Patient payments management
- Initial statement management + final notice
- Sending reminders and clean bills to patients
- Convenient patient payment options
A/R Management Feature
- Confirming claim approval
- A/R workflow optimization
- Reducing the aging of outstanding A/R
- Collecting A/R collections from the patient and payer
Charge Capture Feature
- Validating and capturing the service charges
- Leveraging EHRs and charge sheets
- Keeping charges consistent with documentation and coding
- Reconciling your claims with your charges.
- Reconciling your contractual agreements and charges with the payers.
Contract Management
- Managing contractual agreements with the payers
- Matching payment with your services
- Negotiating and reviewing your contracts
- Analyzing the contract performance
- Monitoring the contract compliance
- Using metrics such as case mix index (CMI) and contract yield
Charge Capture Feature
- Validating and capturing the service charges
- Leveraging EHRs and charge sheets
- Keeping charges consistent with documentation and coding
- Reconciling your claims with your charges.
- Reconciling your contractual agreements and charges with the payers.
Ensuring Explosive Growth with Our Revenue Cycle Management Services
We explore potential growth opportunities through our optimized revenue cycle management services.
- Claim Management
- Denial Prevention
- AR Optimization
- Improved Collections
CareCloud MB RCM Medical Billing Has Got The Solutions For Providers' Revenue Growth
Poor Cash Flow
Healthcare facilities face lots of difficulties in maintaining a predictable and steady cash flow due to various factors such as underpayments and bad debt.
Better Cash Flow
CareCloud MB RCM services reduce underpayments and bad debt by ensuring timely follow-up and accurate claim submission.
Mishandled A/R
Due to the variability and complexity of the process, healthcare providers struggle with managing their accounts receivable A/R.
Managed A/R
Our revenue cycle management services provide visibility into A/R performance such as days in A/R, A/R turnover, and A/R aging.
Misaligned Payer Compatibility
Healthcare providers face the challenges of adhering to multiple payers and different claim types such as value-based, fee-for-service, and capitated.
Aligned Payer Compatibility
Our flexible and scalable RCM platform keeps its strategies changing with the changing payer requirements to maximize healthcare providers’ requirements.
High Denial Rates
One of the major problems facing healthcare services is a higher denial rate, leaving negative impacts on their cash flow and revenue.
High Recovery Rates
Our preventive and proactive approaches resolve the root causes of claim denials to accelerate denial recovery rates and revenue integrity.
More Admin Workload
Denials create double challenges like reducing the physician’s revenue collection and increasing workload as they have to appeal and resubmit the claims.
Automated Process
Our RCM experts utilize the most innovative software to ensure higher accuracy in claim submission and our EHR platform automates the manual work.
Unsatisfied Patients
Patients are increasingly becoming more empowered consumers of healthcare services, so providers find it challenging to ensure patient satisfaction.
Satisfied Patients
Our patient-centric revenue cycle management services provide a friendly platform to improve patient-payer relationships via telehealth features.
Complicated Patient Management
Healthcare providers struggle with the increasing financial responsibility of patients due to high deductible health plans (HDHPs) and self-pay patients.
Automated Patient Management
We deploy the latest technology to automatically estimate and communicate the patient’s out- of-pocket costs before providing services.
Choosing End-To-End Revenue Cycle Management Services to Drive Operational and Financial Stability
Data Insights
Our professionals consistently provide our clients with real-time analytics and insights through an interactive and comprehensive analytics dashboard. These valuable insights are important to assess your performance with industry benchmarks and make informed decisions.
Quick Feedback
Our effortless and engaging communication channel facilitate proactive interaction between insurance payers and RCM experts through the integrated chat system. You can candidly discuss anything in real- time.
Detailed Reports
Our RCM services include providing granular and customizable reports of your revenue cycle. You can sort, filter, and export your Medical Billing data according to your unique needs.
Multi-Specialty Support
Our RCM reporting dashboard helps you manage multiple facilities and locations. You can view and compare data from different groups and sites in one place. For each specialty, there is a dedicated dashboard.
Data Security
It is our top priority to secure your data by deploying the latest encryption and authentication technologies to ensure the protection of your data against unauthorized access and breaches.
Data Integration
CareCloud MB offers the most viable option for integrating your data with other systems and platforms through its RCM reporting dashboard. We support various standards and formats to ensure seamless data exchange and interoperability.
