Revenue Cycle Management Services

Revenue cycle management is not a linear process – so we have brought all the moving pieces together!

Here at MedConverge, we understand that revenue cycle management (RCM) is a complex process with multiple intricacies involved. That’s why we’ve taken it upon ourselves to help bring together each piece of the puzzle to create user-friendly and easy-to-use software.

A revenue cycle management service should simplify the entire RCM process – from identifying, collecting payments, to managing your practice’s revenue. And that’s exactly what we do!

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What is Revenue Cycle Management?

Revenue cycle management is a combination of various administration tasks that revolve around a patient’s care. For example, from the moment a new patient schedules an appointment to the collection of fees – the RCM process includes:

Collecting patient’s personal and insurance information
Verifying insurance coverage
Determining patient copays
Sending claims with particular treatment codes to insurers
Billing patients for any remaining balances owed

To ensure that your practice runs smoothly and that your patients receive quick and efficient care, you need to invest in the right healthcare revenue cycle management services.

Transform Your Revenue Cycle to Meet Industry Demands

Getting all your ducks lined up in a row doesn’t have to be a challenge.

Trying to manually handle all the paperwork necessary to enter patient’s information into your system and then manually process insurance claims and billing information can become quite messy. Instead of overloading your staff, you want to consider ways to help you streamline the entire process – the right revenue cycle management software can help.

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Reduce Denials and Underpayments

With the right RCM service, you will have the ability to streamline your billing and insurance claim processing. This means that you will be able to identify and fix any issues that might be causing denials and underpayments before they occur.

Manage Claims and Remittances

With a revenue cycle management service, you can make sure that you’re getting paid for every claim sent to your patients’ insurance companies.

Improve Patient Access and Eligibility Verification

A revenue cycle management service should also provide you with the ability to verify if your patients have the necessary insurance coverage for treatment. This ability to verify a patient’s eligibility will ensure that you do not lose money on any claim that is sent in.

Holistic Medical Practice Management Service

MedConverge can give you the holistic medical practice management service you are searching for. With MedConverge, you have access to:

Revenue Cycle Management

We provide our clients with a revenue cycle management service to streamline their billing and insurance claim processing.

AR Follow-Up

With our automated AR follow-up software, your patients will get reminders for their payments. This will allow you to improve your collection selections and reduce the number of unpaid balances.

Clinical Documentation

We have clinical documentation software that allows you to easily update your patient’s medical history and keep track of your office visits.

Contracting/Credentialing

We offer credentialing and contracting software that allows you to easily manage all of your patient’s paperwork and make sure that you are compliant with all of your requirements.

MACRA/MIPS Reporting

We have MIPS and MACRA reporting software that allows you to easily report on the quality of care that your patients are receiving.

MedConverge’s Advantage

With over 20 years of experience in healthcare revenue cycle management, we understand just how stressful it can be to keep your practice running smoothly. We aim to help you streamline your RCM process and ensure that your practice is running as efficiently as possible.

With the right revenue cycle management service at your side, you can rest assured knowing that you are taking care of business in the most effective way possible.

Curious how we can help you streamline your day-to-day business? Contact us for more information.