- Overview
- Highlights
Revenue Cycle Management Component
To be profitable you need to effectively manage your practice and revenue cycle. Yet, medical billing and collections can be complicated, frustrating and time-consuming for your staff. What if you could increase your revenue as much as 30 percent and relieve your staff’s billing headaches with little upfront costs? With the Revenue Cycle Management component of the MD Synergy Practice Revenue Optimization (PRO) Solution, you can.
Optimize Your Medical Billing and Collections
The Revenue Cycle Management component is a completely integrated, web-based solution for all your medical billing, medical collections and financial reporting needs. It streamlines your billing and collections processes, enabling you and your staff to focus on patient care and realizing your revenue goals. All revenue cycle management processes are done by experts in the field, securely, online and in real-time using our hosted solution. All you need is an Internet connection, scanner and compatible computer. And there are no upfront costs, since our fee is based on a percentage of your gross monthly income.
Dedicated Account Team and Expert Support
You’ll be assigned an expert account team that has in-depth knowledge of medical billing and collections including coding, charge posting, collections and payment processing. Plus, they understand the intricacies of ever-changing insurance rules and regulations so you don’t have to. They partner with you, train your staff to provide the necessary information and use leading-edge technologies to ensure all your revenue cycle management processes are executed, managed and tracked quickly, accurately and efficiently.
When You Use Revenue Cycle Management You Can:
- Boost revenues on average 20% - 30%
- Improve monthly cash flow
- Reduce claims rejections
- Lower billing costs
- Receive reimbursements faster
- Gain more control of your business operations
- See clearly where your billing is at every step of the process
- Take advantage of an integrated, online patient scheduling system
- Prevent office bottlenecks and relieve staff stress levels
- Access medical billing and collections experts 24x7
- Gain a trustworthy partner without high upfront costs
Revenue Cycle Management Highlights
The Revenue Cycle Management component of our PRO Solution encompasses all aspects of revenue cycle management including:
Medical Billing and Collections
Our comprehensive yet uncomplicated revenue cycle management system brings efficiencies to your entire medical billing and collections process—from patient intake and claims processing to final reimbursement. Claims are processed quickly and accurately, cash flow is improved and all your revenue precisely accounted for. Unpaid claims are systematically followed up on, denied claims are appealed when applicable, and under-paid claims are quickly addressed and resolved. Your A/R is worked on a daily basis.
Administration
Front-office support and training, combined with straightforward policies and procedures help streamline office processes and improve efficiency. Secure Instant Messaging and our exclusive “CLIX” (Client Information eXchange) allows for immediate communication between your staff and ours, reducing frustration and speeding reimbursement.
End-to-end Integration
The Revenue Cycle Management component is fully integrated with other components of our PRO Solution including the Scheduling, EMR and Document Management components. Fast and easy access to all relevant patient information improves the speed and accuracy of claim processing, billing and collections.
Reporting
Daily, monthly and annual management reports help you monitor, manage and optimize the performance of your practice.
Management and Consulting
We’re only as successful as you are. That’s why we partner with you to help your practice operate at peak performance. Consulting services in the areas of employee incentives, marketing, business development and contract development help you grow a productive and profitable practice.
