REVENUE CYCLE MANAGEMENT SERVICES
Revenue cycle management (RCM) is an essential process for all healthcare organizations and practices to ensure a successful revenue stream. With a fragmented revenue cycle, organizations can experience lower collections, missed revenue opportunities, and process breakdowns. At BillingParadise, we offer scalable and customizable revenue cycle management services designed to meet your needs and priorities.
Our revenue cycle management services cover the complete end-to-end process, including patient appointment scheduling, patient registration, eligibility verification, charge capture and entry, coding and coding audits, claim transmission/submission, clearinghouse rejection resolution, payment posting, and reconciliation, accounts receivables (AR) management, denial management, submission of additional information and appeals, patient statements, patient calling and support, analytics, and reporting.
We also offer specialty-specific revenue cycle management services, selective revenue cycle management process services, and temporary revenue cycle management services. Our healthcare consulting services include insurance credentialing/enrollment, physician contract negotiations with health plans, EDI and ERA enrollment, MIPS/MACRA, lost revenue recovery audit (LRRA), and practice audit services
At BillingParadise, we provide solutions to eliminate revenue cycle management challenges, such as a dedicated patient access and eligibility department, 500+ medical billing staff that can handle any patient volume, 5+ years experienced AAPC-certified coders with specialty expertise, a focused payment posting team that can analyze and identify root causes of reimbursement issues, expert accounts receivable and denial management experts, RCM technology solutions, transparent productivity and project management systems, and speeding up your revenue cycle by reducing AR backlogs.
Our major specialties revenue cycle management services include Orthopedic, MentalHealth, Neurology, Ophthalmology, Optometry, OB-GYN, Anesthesiology, Dermatology, Oncology, Pediatric, Chiropractic, Gastroenterology, Psychiatry, General-Surgery, Nephrology, Cardiology, Dental, Emergency-Department, Family-Practice, Geriatrics, Internal-Medicine, Neurosurgery, Otolaryngology, Pathology, Pulmonology, Radiology, Rehab, Urgent-Care, Urology, and Podiatry.
Our revenue cycle management services cover the complete end-to-end process, including patient appointment scheduling, patient registration, eligibility verification, charge capture and entry, coding and coding audits, claim transmission/submission, clearinghouse rejection resolution, payment posting, and reconciliation, accounts receivables (AR) management, denial management, submission of additional information and appeals, patient statements, patient calling and support, analytics, and reporting.
At BillingParadise, we support various healthcare organizations, including hospitals, surgical centers, trauma facilities, post-acute care, health systems, multi-specialty groups, and independent physician associations (IPA). Our proven results include up to 98% firstpass claim acceptance rate, up to 99% reduction in medical coding errors, up to 15% reduction in accounts receivables, up to 80% improvement in insurance collections, up to 20% reduction in RCM operations costs, up to 90% reduction in claim denials, up to 40% reduction in RCM operations costs, up to 20% increase in overall cash flow, and up to 99% overall RCM accuracy.
We offer 24/7 revenue cycle management services and support, various EMR/EHRs expertise, identifying new revenue streams, risk adjustment audits, free lost revenue recovery audits, increasing financial performance, patient cost estimations, regulatory compliance services, analyzing payer contracts, negotiating with payers.
At BillingParadise, we strive to create a smooth, efficient, and streamlined RCM process for your practice that eliminates unnecessary pressure on healthcare providers and allows them to focus on patient care. We are the only medical billing and revenue cycle management services provider that is scalable and adaptable to complex administrative operations. Contact us today to learn more about our revenue cycle management services and how we can help your healthcare organization.
