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.
Using analytics to automate and streamline your medical practice’s revenue cycle
Manual data processing in your revenue cycle is an area prone to things going wrong. From something improperly keyed to the difficulty of maintaining dozens of spreadsheets, there’s ample opportunity for error.
When it comes to smaller medical practices, those minor errors become compounded when billing staff — as any employees might — take vacations, call in sick and otherwise cause the work to pile up.
Finding the right degree of automation was crucial for Andrea Vitalich, clinic administrator, Pacific Rim Orthopaedic Surgeons, PLLC, in digging out from that situation where “everybody is trying to help everybody keep up” in a practice with limited resources and high staff turnover in the billing department, she says.
One of the reasons that building a streamlined workflow was able to help Pacific Rim Orthopaedic Surgeons is because the data elements were easily reportable to track days in A/R, where an individual claim was in the process and when the last time a claim was worked.
That new approach that the practice sought out is “essentially what all of my mentors have ever taught me,” Vitalich says: “If it’s not documented, it doesn’t exist. So our goal is to essentially have everything documented.”
In her session co-presented with Matt Seefeld, executive vice president, MedEvolve, at MGMA20 | The Financial Conference, the intent is to walk through that streamlining process and identify administrative pain points that impact a practice’s bottom line, as well as recognize where opportunities exist to improve billing, collections and claims.
While the promise of automation sounds good, Vitalich says that it’s just like any other initiative in a medical practice setting that begins with winning buy-in from physicians who may not understand those pain points for staff members.
“Part of my role was simply educating [our doctors] that healthcare is no longer what it was 30 years ago,” Vitalich says of physicians that only want to boil things down to increasing revenue and decreasing overhead without taking a renewed look at the hurdles on the revenue cycle side. “You’re never going to be reimbursed the way you were 25, 30 years ago.”
Educating on how payment has shifted in healthcare in recent years is a crucial first step to outlining a plan for improving processes and seeking out solutions to automate manual work.
CONTACT US TODAY AT 305-504-7002
TO DISCUSS HOW RCMP CAN HELP YOUR PRACTICE BECOME MORE EFFICIENT AND PROFITABLE
