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.
ASSESS YOUR
RCM PERFORMANCE AND COLLECT WHAT'S DUE TO YOU
(Prepare Now for the Post Pandemic New RCM Reality)
Dear Colleague, as we re-emerge from the partial hiatus caused by the COVID-19 Pandemic, you must critically evaluate your RCM Performance and ensure that you are collecting properly and timely from Insurance Companies.
Incorporating best practices and metrics into the monthly evaluation of your practice or billing department/service, along with other methods, should give you a good feel for the performance and overall health of the business. Below is how RCMP, INC. can asses and help you identify how to make your practice more efficient and profitable.
RCM Assessment
The intent of the Revenue Cycle Management Assessment is to identify opportunities that will maximize the Practice’s efficiency and profitability.
Our team will conduct a RCM audit in every aspect of the billing process to help determine what they 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 approximately another two weeks to analyze and prepare the findings and recommendations and will conclude with a formal presentation outlining findings & 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
COMPLIMENTARY REVENUE CYCLE MANAGEMENT ASSESSMENT
with no cost or risk to you or your Practice. It is time that you find how you're performing using established benchmarks and metrics against your peers. Otherwise, you're going to leave uncollected monies on the table.
CONTACT RCMP TODAY 305-504-7002
AND FIND OUT HOW RCMP CAN HELP YOUR PRACTICE BECOME MORE EFFICIENT AND PROFITABLE
