Billing Solutions
Your Comprehensive Solution for Billing ExcellenceÂ
At RevUp Healthcare, we are committed to providing state-of-the-art billing solutions tailored to the unique needs of healthcare professionals, hospitals and medical groups. Our expertly crafted services are designed to enhance every aspect of your revenue cycle, from the initial patient interaction to the final stages of payment collection. We understand the complexities of healthcare financial management and offer a suite of services that not only optimizes your financial operations but also lays a strategic foundation for long-term success. Explore our comprehensive range of billing solutions:
Front-End Revenue Cycle Management: Establishing a Solid Foundation
Patient Registration: Efficient and streamlined start to the patient journey.
Benefit Verification: Ensuring accuracy and clarity from the beginning.
Referral Process Management: Smooth and efficient patient referrals.
Authorization Services: Quick and effective processing of necessary approvals.
Upfront Collection of Patient Payments: Boosting revenue flow from the first point of contact.
Mid-Cycle Mastery: Maintaining Operational Momentum
Charge Capture: Accurate and timely capturing of all billable services.
Medical Coding: Adherence to precision and compliance standards.
Claim Submission: Error-free and efficient claim processing.
Back-End Revenue Cycle Management: Perfecting the Process
Payment Posting: Prompt and accurate recognition of revenue.
Denial Management: Minimizing losses by addressing denials proactively.
Accounts Receivable Follow-Up: Diligent efforts to maximize revenue collection.
Patient Collections: Effective recovery while maintaining patient respect.
Advanced Analytics and Reporting: Leveraging data for insightful decision-making.     Â
Specialized Revenue Cycle Management Services: Tailoring to Your Needs
Consulting and Project-Based Initiatives: Customized solutions for unique challenges.
Charge Master Development: Specifically designed for your facility’s needs.
Old Collection Projects: Recovering revenue from aged accounts.
Crafting a Billable Patient Journey: Integrating clinical and financial aspects seamlessly.
RCM Infrastructure and Team Building: Creating a strong and efficient operational base.
Compliance Program Development: Ensuring adherence to all regulations and standards.
Software Selection Assistance: Choosing the right tools for billing, LIMS, EHR, and practice management.
KPI and Job Description Development: Optimizing operational performance.
Payor Contracting Compliance Programs: Managing contractual obligations effectively.
Provider Enrollment and Payor Credentialing: Ensuring proper integration with payors
At RevUp Healthcare, we go beyond traditional billing services. We are your partners in revolutionizing healthcare financial management, committed to empowering your practice with the tools and strategies needed for financial robustness and strategic growth. Reach out to us and let us guide your healthcare facility towards billing excellence and operational efficiency.
2023 RCM Outsourcing TrendsÂ
🔹 High Adoption Among Executives: 95% of healthcare executives are embracing revenue cycle managed services, reflecting a shift towards external expertise for enhanced performance and growth.
🔹 Performance Over Cost: Over 70% prioritize managed service providers for better results, indicating performance as a key factor in vendor selection.
🔹 Increased Managed Services Investment: About 25% of organizations plan to allocate over half their RCM budgets to managed services in the next four years.
🔹 Influenced by Workforce Shortages: Staffing challenges post-COVID-19 are driving almost two-thirds of healthcare providers towards outsourcing RCM services.
🔹 Outsourcing Patient Payment Solutions: 61% plan to outsource patient collections and other processes, with a focus on third-party financing.
🔹 Aiming to Improve Patient Experience: Nearly 70% of providers are focusing on excellent customer service in outsourced payment solutions.
🔹 Domestic Support Preferred: Concerns with offshoring lead nearly two-thirds to prefer domestic support, focusing on local understanding of payer processes.