MedicsRCM typically increases revenue 10% - 20% with our proprietary Rules Engine ensuring claims are submitted at their highest possible value; it also produces out-of-network alerts on scheduling and a selection of your in-network providers if applicable. 2021 E/M coding guidance. Eligibility verifications on scheduling and up to 4 times prior to appointments. We support a nearly 100% success rate on 1st attempt clearinghouse claims, rapid denial management, and options for insurance discovery for “uninsured” patients, and for credentialing.
With patient balances growing by the minute, access our patient responsibility estimator while scheduling for approximations on what they’ll owe. Ideal for capturing those amounts partially or in full, even in advance of the appointment based on your financial policy; display more exact amounts based on actual procedures prior to patients leaving. We process patient statements, have balance due texting and online payment options, and patients call us with statement questions.
Our iOS/Android patient engagement and mobility tools/options include a patient portal accommodating online payments, telemedicine, remote patient monitoring of patients’ vitals, interactive texting of appointment reminders and balances-due, and a kiosk for expedited intake of in-office visits.
Our EHR options couldn’t be better! You can (1) use the certified MedicsCloud EHR almost always at no additional cost and deal for any number of specialties, or (2) use your existing EHR with an interface to MedicsRCM, or (3) use or no EHR with our electronic superbill. With MedicsRCM, you’re never forced to drop a system you like in order for us to work together!
Enjoy a “full speed ahead” migration to MedicsRCM without missing a beat in claims submission, or revenue production.
MedicsRCM clients are able to see all of their own data securely 24 x 7 x 365. Nothing is ever hidden; our clients see what we see!
The MedicsRCM team is experienced in virtually every specialty including those with very specific billing requirements.
MedicsRCM submits HCFA and UB claims to virtually every payer as well as claims for workers’ compensation and no-fault.
We verify eligibility up to 4 times prior to each patient’s arrival and have an accurate insurance discovery option when insurance information is missing.
Data can be converted from your in-house system or current billing company (if they’ll provide it to you), and we interface with a myriad of other systems
Denials are edited and resubmitted within three business days of them being denied, turning them quickly into revenue.
MedicsRCM posts your EOBs and scans/posts check payments daily to ensure accounts are accurate virtually up to the minute.
MedicsRCM ensures your fee schedules are up to date, and continually performs analytics to support a “best fee schedule” approach.
The MedicsRCM team works with clients on provider enrollments as may be needed to avoid any gaps in submitting claims.
Your payer and patient accounts receivables are diligently worked, keeping your number of days outstanding to a minimum.
MedicsRCM provides you with - and reviews with you - an array of analytics; clients can also compile their own reports on-demand.
The revenue cycle in a medical practice can be envisioned in 7 basic steps, beginning with deploying RCM software or outsourcing the work.
The success or failure of your medical practice will naturally depend to some extent on how well you are managing the flow of revenue.
Outsourcing your medical billing can lead to more productive teams and better quality care for patients.
Charles Saha, MD
Park Avenue Medical Professionals, NYC
