Navigation Links
Doctors Double Rate of 99% Payments with Revenue Cycle Management
Date:6/15/2017

Doctors and patients are both equally challenged to understand the coding and documentation of medical treatments which ultimately drive payments for medical services. The combination of Medicare, private insurance and patient co-payments goes far beyond the routine, single-payer transactions which drive almost all other service industries. The burden of collecting payment from multiple sources often contributes to physician burnout, and even the closure of small practices, making healthcare for families in rural and urban settings more and more challenging.

For any ambulatory medical practice, from family medicine to pain management, Revenue Cycle Management (RCM) can augment front office staff with a dedicated team of task-specific experts to address patient communications, insurance issues, and medical coding. A common RCM team task is to review coding of medical procedures before claim submission to the payers, and thereby reduce claim denials. RCM services can also call on patients to update any out-of-date records which may be preventing a payment from an insurance company. By subscribing to RCM, a doctor can shorten payment cycles and improve payment rates, which strengthen the practice’s financial stability and provide peace of mind.

A new study shows RCM service subscribers are twice as likely to receive a 99% claim payment rate as those who self-manage the medical billing process. Adding RCM on top of PrognoCIS Electronic Health Records (EHR) and Practice Management software, doubles a medical practice’s chances of achieving a consistent 99% payment rate month-to-month. The study detailing medical billing payments is available online at PrognoCIS.com.

Kristen Nehk, Director of PrognoCIS RCM services, explain, “Practices that achieve the milestone of a 99% claim payment rate with RCM services have optimized their revenue, usually at a much lower cost than hiring additional employees." These practices often realize increased satisfaction levels among their patients when the staff have more time to focus on them when they are in the office for an appointment.

PrognoCIS RCM services provide a dedicated account managers and detailed monthly reporting in addition to online electronic medical record software. PrognoCIS RCM delivers maximum revenue and shortened payment cycles for health care providers. PrognoCIS RCM makes running a medical practice easier, accelerates payments and delivers a continually growing account receivable balance.

About Bizmatics:
Bizmatics, Inc. is the developer of PrognoCIS EHR software, medical billing, and revenue cycle management services. Bizmatics is headquartered in San Jose, CA.
Learn more at http://prognocis.com/medical-billing/, or follow PrognoCIS on twitter: @PrognoCIS

Read the full story at http://www.prweb.com/releases/2017/06/prweb14424927.htm.


'/>"/>
Source: PRWeb
Copyright©2017 Vocus, Inc.
All rights reserved


Related medicine news :

1. Study finds that Americans want doctors guidance on genetic test results
2. Deaths, Injuries and Malfunctions Tied to da Vinci Surgical Robot May Prompt Hospitals to Improve Training for Doctors Using Device, Notes Parker Waichman LLP
3. EORTC head & neck cancer trial shows assessing HRQOL is valuable to both patients and their doctors
4. Advice Media Acquires Everyday Doctors
5. Dr. Eric C. Burdge Signs On With DoctorsElite As a New Member
6. Dr. Louis Rizio Selected Among Jersey’s Choice of Top Doctors in 2013
7. Despite rising health costs, few residency programs train doctors to practice cost-conscious care
8. New hypertension guidelines offer practical, clinical information for doctors and patients around the globe
9. Use Nutritional Supplements to Help Prevent Doctors Visits and Save on Health Care Costs
10. Online Healthcare Booking Service, Connect the Doc, to Offer Online Bookings for Naturopathic Doctors in Burnaby
11. Healthspek Users Can Now Import Their Doctors’ Records into Their Personal Health Record
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/19/2017)... ... 19, 2017 , ... Physician Partners of America Pain Relief ... interventional pain management physician. He brings a wealth of pain management experience including ... significant experience in spinal cord stimulation for chronic pain. , Dr. Ahmed earned ...
(Date:8/18/2017)... ... 2017 , ... Mr. Noppadon Pakprot, Deputy Governor for Tourism ... and Wellness Tourism Showcase 2017 yesterday, which unveiled the latest “Functional & Regenerative ... and Business at TAT said, “Thailand has long been recognized as a world ...
(Date:8/18/2017)... ... August ... ... For Immediate Release                Contact: Julian Teixeira, August 18, ... Sex and Relationship Advice from their Fathers , Contrary ...
(Date:8/18/2017)... New York, NY (PRWEB) , ... August 18, ... ... summer’s edition of “Vision & Hearing” campaign, advocating for active, healthy lifestyles and ... today’s resources available for individuals with hearing impairments and shares the latest innovations ...
(Date:8/18/2017)... NY (PRWEB) , ... August 18, 2017 , ... ... of “Vision & Hearing” campaign, advocating for active, healthy lifestyles and highlighting the ... available for individuals with hearing impairments and shares the latest innovations in hearing ...
Breaking Medicine News(10 mins):
(Date:8/17/2017)... , August 17, 2017 DarioHealth Corp. ... with mobile health and big data solutions, announced ... with domestic and non-U.S. investors for the sale ... shares of the Company,s newly designated Series B ... The Company expects to conduct a closing with ...
(Date:8/15/2017)... -- Diplomat Pharmacy, Inc. (NYSE: DPLO), is now dispensing ... residents. Naloxone is available without a prescription ... G-3320 Beecher Road. ... is intended to block or reverse the effects of ... consciousness. The medication is often carried by first responders ...
(Date:8/15/2017)... -- AOTI Inc. announced today that its fully owned USA ... New York City Office in Yonkers, New York ... Oxygen (TWO 2 ) homecare therapy. This new East Coast location ... (ACHC) under the company,s DMEPOS accreditation for Home/Durable Medical Equipment Services. ... Advanced Oxygen Therapy Inc. ...
Breaking Medicine Technology: