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.
(RCMP) Revenue Cycle Management Professionals brings 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.
Performing a Revenue Cycle Management Assessment (RCMA) of your Practice
The intent of the Revenue Cycle Management Assessment is to identify opportunities that will maximize your Practice’s efficiency and profitability.
You work had every day and you deserve to get paid timely and accurately. Our team will conduct an objective and independent RCM audit of every aspect of your billing/collections process to help determine, factually, what you are doing well and what areas can improve to achieve goals of having a successful practice. The assessment/audit, which takes approximately two-weeks to gather data and reports and another two weeks to analyze and prepare the findings and recommendations, culminates with a formal presentation outlining findings & concrete recommendations.
The Revenue Cycle Management Assessment includes the following main elements:
o Revenue Cycle operations workflow/Revenue Cycle/Billing Assessment:
o Overall Billing Process assessment
o Insurance and patient accounts receivable management
o Review of claims billing (transmissions & rejections)
o Review of charge posting & payment posting
o Overall collection rates
o Assessment of Insurance collections
o Assessment of Patient responsibility collection and billing
o Revenue Cycle operations workflow
o Collection of patient's financial responsibility based on policy benefits & provider reimbursement agreement with payer.
o Practice Management system (assess knowledge base of personnel to determine if they are utilizing the system to its maximum potential) accounts receivable management (billing/collections)
o Measure performance in key areas to industry benchmarks (e.g. collection rate; average days in A/R, % of A/R > 120 days, charge posting turn-around times, billing cycle, payment posting, insurance collections)
o Identify areas of opportunity for Practice growth and development
o Other areas identified by MD/Practice
CONTACT US TODAY AT 305-504-7002
TO DISCUSS HOW RCMP CAN HELP YOUR PRACTICE BECOME MORE EFFICIENT AND PROFITABLE
