As part of our mission to promote a culture of collaboration and effective patient management across the entire continuum of care; to produce exceptional clinical outcomes, reduce costs, and consistently achieve the highest level of patient and family satisfaction while enjoying a distinction for value within the community and across the region we continually strive to provide our Practice Partners with opportunities to become more efficient and profitable.
RCMPbrings an a-la-carte offering of state-of-the-art Practice Management services. RCMP has offices in Coral Gables, Florida and serves clients Nationwide.
RCMP is a full-service Practice Management Company where your bottom line is our bottom line; we will make your Practice more profitable. RCMP shares in the same principles of quality, integrity and profitability. RCMP customizes its a la carte services to fit your specific needs and takes total responsibility for the financial health of your practice. On average, RCMP increases Monthly receipts between 10%-22%.
Consulting (i.e. System setup/implementation, compliance training, enrollments, etc.)
Are you maximizing your Practice’s performance and profitability?
Is your collection rate 95% or higher?
Are you collecting what’s due to you?
Is it a headache to maintain and supervise your billing & collections staff?
Do you have efficient workflows that maximize your Collections?
If you answered YES to any of the questions, let RCMP assess where you stand, without compromise, and make an informed decision about your best options going forward.
Four Ways to Maximize
Medical Practice Profitability
A guide to outsourcing revenue cycle management
It’s no secret that the shift from volume- to value-based care models is creating
new challenges to profitability. Faced with declining reimbursement rates, medical practices are pressured not only to increase efficiency in care delivery, but to reduce the expenses associated with billing, submitting claims, and getting paid. These challenges, coupled with a high turnover for on-staff billing personnel are driving a trend toward outsourcing revenue cycle management.
Revenue cycle management (RCM) is defined as the process that manages claims processing, payment, and revenue generation; and often entails the use of automation in the claims review and submission process. How can your practice effectively harness the value of outsourced revenue cycle management. In order to boost profitability consider these four key tactics proven to save staff time, improve the patient experience, and optimize revenue:
1.
Boost efficiency through automation
2.
Apply data analytics and business intelligence
3.
Consider the nuances of your specialty
4.
Collaborate with a strong RCM partner
Collaborate with a strong RCM partner
With so many providers and practices looking to boost profitability through RCM, the total spending on
Healthcare in 2020 RCM solutions is expected to reach $7 billion. As more vendors try to capitalize on this outsourcing trend, it becomes increasingly important for a practice to choose an RCM partner wisely. The key is to find an RCM partner who offers both advanced technology and the flexibility to adapt to your specific needs. Your profitability will increase when you can take advantage of both automated functions and professional services.
Large computer systems with professional oversight can
automate core RCM functions more effectively for larger Providers,
but for Practices of 1 to 20 Practitioners smaller, dedicated and flexible RCM Companies, like RCMP, are a better fit.
Professional experts can manage more intricate RCM functions in a way that meets the specific needs of your practice. Your savings come from the effective use of resources and economies of scale which lead to higher
Collection Rates and shorter Days in Aging.
HAPPY MEMORIAL DAY
Let RCMP become your partner in success!!!
CONTACT RCMP TODAY 305-504-7002
AND FIND OUT HOW RCMP CAN HELP YOUR PRACTICE BECOME MORE EFFICIENT AND PROFITABLE
