Hospital Revenue Cycle Management
April 1st, 2019
$700,000 to $1 million
Revenue Increased by
Reducing Administrative Burden, Boosting Revenue
Wouldn’t you like to work with a single hospital billing company that offers all the billing and hospital revenue cycle management services you need? Our team will handle claims from beginning to end, so you no longer need to house, manage, and pay a billing department. Credentialing, insurance verification, and collections are just a few of the RCM areas where our system will streamline processes and optimize your revenue.
Stop Losing Income Due to Billing Errors
Did you know that inefficient billing systems account for billions in lost revenue every year? In fact, the overwhelming majority of denied claims are the result of errors that could have easily been avoided. Each denied claim requires reprocessing, but many just get dropped. In-house billing staff often don’t have time to go back through old records and try to sort out the problem. Between staffing shortages and increasing costs, accurate charge entry with appropriate billing codes is more critical to institutional success than ever before.
Medcare MSO stays up to date on the frequent changes to regulations and compliance requirements for efficient billing solutions and collection services. Our billing staff provides a full range of personalized, custom-tailored hospital billing services to ensure error-free claims and maximized recovery. We understand that your organization is not the same as every other hospital, and has its own set of needs. Get in contact with us if you’d like to discuss how we can provide exactly what you want, and not charge you for a bundle of services that aren’t on your priority list.
You Can Have Less Work AND More Income
As a hospital billing company, we understand that even the most minute errors trigger claim rejections, and every claim that requires reprocessing is costing you valuable resources. If your current medical billing is done in-house, every repeated claim submission increases overhead expenses and results in profit loss. Physicians, nurses, and staff members are often tasked with trying to understand and fix costly hospital billing errors. The time spent on administrative tasks takes away from patient care and places an unnecessary burden on hospital personnel. When we handle your claims, you only pay the same small fee whether we get it paid on the first submission or have to follow up with an appeal. Because our team is completely focused on handling claims, we can do it efficiently and don’t charge our clients anymore for the extra work.
Why Choose Us?
We are committed to your success. At Medcare MSO, we take a comprehensive, all-inclusive approach to the hospital billing and collection process. Not only do we continuously update our staff on changes in billing codes and payer procedures, but we also invest in the latest medical billing technology to provide the best possible service. As a medical billing company, our internal quality control measures ensure accurate claims and an error-free billing process, for the first time.
We offer end-to-end services from pre-admission procedures to coding, AR management, collections and follow-up, to detailed real-time reporting. Our hospital clients see reduced operating costs, increased reimbursements, improved collection ratio, and recovery of AR accounts dating as far back as a full year. Ignored claims, denials, and underpayments can significantly affect your hospital’s revenue stream and bottom line, which can negatively impact your primary focus—patient care.