Know How Payor Mix Affects Your Revenue
Understanding your payor mix will allow you to account for the range of collection values for every procedure and understand how it affects your revenue. Payor mix is complicated because it’s not just about securing the most profitable contracts. If you don’t understand your payor mix, you won’t know what percentage of your revenue comes from private insurance, government insurance, and self-pay. You won’t have the data you need to accurately forecast each month’s projected revenue.
Optimize Reimbursement and Improve Revenue Cycle Efficiency
Our reimbursement process features integrated claims management and visibility into the entire claims lifecycle. This allows us to automate manual workflows, reduce denials, and accelerate cash flow. Early insight into problem claims helps resolve errors faster. Integrated denials and appeals management allows us to address issues in the same system as the rest of your claims.
Analytics-Driven Revenue Cycle Management
Increased regulation, value-based reimbursement, and skyrocketing patient financial responsibilities put substantial pressure on a practice’s bottom line. But our goals remain straightforward – shorten accounts receivable days and reduce the cost to collect. MDmanagement offers proven, scalable technologies and services to help practices achieve sustainable and predictable financial performance.