Next to patient care, revenue cycle management is likely the most important function of your practice. Ensuring that procedures are properly captured, coded, submitted and collected upon will define your profitability.
Many practices struggle with one or many functions of the revenue cycle – missing out on potential revenue opportunities, affecting their bottom line.
How does MedCycle Solutions Improve Your Practice’s Revenue Cycle?
MedCycle Solutions helps practices of all sizes and specialties improve their revenue cycle. This often results in improved efficiency, greater cash flow and maximized reimbursements.
Our solutions range from turnkey services that assist your practice in the areas you need most to fully outsourced revenue cycle management.
- Revenue cycle consulting
We have worked with many practices to improve their revenue cycle management process. Starting with an evaluation of current processes, we review every function of the revenue cycle in your practice. We provide feedback and recommendations on how to improve your process so your practice can be more efficient and profitable.
- Outsourced coding
Often times, practices struggle to find and retain coders that are certified and competent. MedCycle Solutions has a team of Certified Professional Coders that become your They’re efficient, knowledgeable and experienced.
- Staff education & training
Does your practice already have a team in place to manage your revenue cycle? Great! MedCycle Solutions provides education and training for your staff. Proper training means improved efficiency, maximized reimbursements and shorter time-to-payment.
Is RCM Outsourcing Right for Your Practice?
If your practice is experiencing one or more of the following pain points, you’re a great candidate for revenue cycle management outsourcing.
- High turnover
There’s a significant investment in finding, hiring, training and retaining qualified staff to run your back office. And, it is often devastating when that staff takes that knowledge and goes to another practice. Our revenue cycle management solution removes that risk of liability from your practice. Our team is your team.
- Denied claims
When practices experience denied claims, it often adds undue time and energy to research, fix and resubmit the claim. MedCycle Solution’s coding experts are Certified Professional Coders and are able to greatly reduce the number and frequency of denied claims, saving your practice time and getting you paid faster.
- Long reimbursement process
Often times with broken processes, reimbursement takes much longer than it should. This could be caused by denied claims, heavy workload or delayed charting. Long reimbursement affects your cash flow and ultimately, your bottom line. By reviewing every function of the revenue cycle, we work with your practice to ensure your revenue cycle is efficient and accurate, getting your practice paid faster.
- Short or long-term staffing needs
Many practices experience a peak where their typical staff cannot handle the additional workload. MedCycle Solutions comes alongside your team to augment your staff for however long your practice needs the extra help.
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