Revenue Cycle Management
Revenue Cycle Management in Minneapolis, MN:
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?
Our solutions are customized to the needs of each practice to assist you in the areas you need most. MedCycle Solutions helps practices of all sizes and specialties. We do this by identifying the root causes and opportunities for improvement. Our experienced revenue cycle team helps you implement workflow efficiencies which result in greater cash flow and maximized reimbursements.
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.
Practice Management & Consulting Solutions
At MedCycle Solutions we offer you relief from the daily tasks of running a business. For small and mid-sized practices, we offer solutions that are designed around your practices unique needs.
Our practice management & consulting solutions have helped practices in the areas such as:
- Denial Management
- Policies & Procedures
- Software Selection and Implementation
- Workflow Management
- Operational Efficiencies
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/Lack of Staffing
There’s a significant investment in finding, hiring, training and retaining qualified staff to run your back office. It is often devastating when that staff takes that knowledge and goes to another practice. Our revenue cycle management solution helps fill that gap. Our team is your team.
When practices experience denied claims, it often adds undue time and energy to research, fix and resubmit the claim. MedCycle Solutions’ coding team 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.