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Status quo can be costly. As insurance companies continue to look at ways to decrease and deny reimbursement, Phlebology practices need to find efficient and innovative ways to capture charges and collect revenues.
MDmanagement can help you analyze your current revenue cycle processes and focus on ways to improve data capture, audit payer reimbursement and increase revenue. Revenue problems rarely stem from a single source; they are most often the result of deficiencies in education, training, staffing levels, workflow, or poorly implemented software. Each deficiency must be addressed as part of a coordinated solution to obtain real improvement.
To start the Revenue Cycle Process Review, we establish baseline measurements of your revenue cycle performance and create applicable benchmarks. Our experienced Revenue Cycle consultants will compile the information necessary to provide you with recommendations in the following areas:
We will complete a detailed Revenue Cycle operational assessment of your internal processes to identify opportunities for improvement, while also focusing on operational and documentary compliance with HIPAA privacy and security standards. We’ll then provide a written work plan containing an assessment of your overall revenue operations, and recommendations for the creation, implementation and monitoring of workable solutions.