MBC can assist you in a thorough scrutiny of your revenue cycle and assess areas of deficiencies and make recommendations for potential improvement after analyzing your situation.
Our revenue cycle management experts can identify and expose the revenue leakages and inefficiencies by a multi-pronged analysis of areas such as
- Training needs
- Workforce Optimization
- Software inadequacies
- Outdated processes
These common issues often result in registration errors, little or no pre-verification of insurance coverage, and an absence of an effective collection policy for insurance deductibles and co-pays.
Similarly, analyzing Account Receivables reports with in-depth research of payer-wise, patient-wise, and service-wise receivables helps to establish the blockages in the cash flows which can then be resolved easily.
The ability to avoid RAC audits and the importance of refunds to Medicare in time, when there has been an overpayment invariably need the attention of a specialist. Pointing out these technicalities and helping your team implement these in their daily practices, is the task of our consultants in your office.
Our experienced Revenue cycle management consultants boost your revenues, improve your staff performance, and streamline your existing processes and interoperability with new systems. We provide customized consulting services with detailed analysis and documentation of all relevant revenue cycle processes, including issues relating to compliance with HIPAA privacy regulations.