Practolytics is one of the leading multi-speciality billing company serving more than 28+ medical specialities
Healthcare Revenue Cycle Management
As receiving good treatment and care are necessary for sound health, so is revenue cycle management to the financial health of all healthcare systems. While revenue management isn’t the focus of healthcare providers, one cannot displace its importance to the system. Sorting medical supplies, getting healthcare equipment, and paying salaries to healthcare providers isn’t an easy task, especially with a population with a constantly increasing demand for health care.
There’s financial pressure on both the patients and healthcare providers. While the former find their way around, the implications are far-reaching for the latter. Consequently, the need for a financial model which removes these pressures. That model is healthcare revenue cycle management – a process that incorporates financial health with value-based healthcare delivery. This process relies on technological solutions that have given a dynamic approach to revenue cycle management.
Healthcare Revenue Cycle Management Solutions
Healthcare revenue cycle management solutions are actionable business solutions that end all administrative and financial nightmares. These new-age solutions are much more timely, efficient, and groundbreaking as a greater substitute for older solutions. They involve automation seen through insurance verification, clinical documentation, billing and coding, reimbursement tracking, amongst several others. This automation requires just a decent human intervention, yet it is highly functional.
If you’re a healthcare provider, a hospital executive, why haven’t you taken advantage of this landmark innovation which improves your cash flow and overall productivity? If you’re still in doubt, why not fancy healthcare revenue cycle management consulting? Get in touch with Practolytics to explore a complete suite of Revenue Cycle Management solutions and enhance your experience with all the administrative activities on a day to day basis.
Eligibility and Benefits Verification
You don’t have to get tangled in complex insurance process of validating the benefits (Deductible, Coinsurance and Copay). Let us help you to setup the financial expectations with the patient as a part of our service delivery.
We work with you to pre-authorize all your procedures to ensure that physicians and clinicians gets paid for 100% of the procedures. Our authorization team typically publish the report 2 days in advance and take care of last minute add on patients’ request.
It’s a great pleasure to write a letter of recommendation for Practolytics and its staff. I am extremely pleased with the quality of services and knowledge they provide to our clinic. Our group practices in Central Florida and we have been with Practolytics since 2014. I am fully confident that our claims are submitted efficiently, information is inputted accurately, and attention to detail will always be a priority.
I started a new practice approximately 5 years ago. I have used Practolytics for my billing services over this entire period. I have also used them for integration of collections, adding new providers and DME. They have been excellent and are also part of the reason why I am so successful. They are very knowledgeable about billing. I not only see patients in clinic but also at the hospital and nursing home and also do surgical procedures in and out of the office. I have been very impressed with their level of skill and knowledge. They also do very good on communication. I would highly recommend them for any of your billing needs.
We have had horrible experiences with billing companies until we moved to Practolytics. Practolytics handled a very tough transition swiftly and without missing a beat and we were up and billing again in 3 weeks. The staff have always been super accommodating and responsive to queries and requirements. Sometimes the craziest questions have been answered in an extraordinary way. They have always executed the processes with swiftness and precision. With Practolytics as our billing partner, our revenue has improved significantly.
Healthcare Revenue Cycle Management Consulting
While the benefits of healthcare revenue cycle management are obvious, it’s important to fully understand what one is getting into to enjoy the very best of it. This is where healthcare revenue cycle management consultancy is effective. You get a detailed analysis of what to expect with healthcare revenue cycle management. Moreover, you get complete control over the financial health of your practice.
Healthcare RCM Services
Healthcare RCM services would require some financial commitment. However, it is an investment that promises more revenue and seamless administrative and clinical services for your organization. Some of these services include, but aren’t limited to:
Consider healthcare revenue cycle management. It is the change your business needs for financial success.
Practolytics has a proven track record of uplifting the financial health of various practices through its technology-driven and focused approach of setting up processes. We take care of your administrative burden and enable you to focus on patient care and quality outcomes.
Our coders are 100% AAPC and AHIMA certified and well-versed in 80+ specialties. Experience our top-notch coding services right away. We will provide guidance to how to maximize the reimbursements.
We follow all four phases of the compliance process- Preparation, Performance, Reporting and Follow-Up. You can expect detailed analysis of historical charts, reimbursements trends and other related documents.
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