Improve Revenue Cycle Management Efficiency and Increase Net Patient Revenue
Hospitals, health systems, academic medical centers and their physician practices are under pressure to improve the quality of care while simultaneously facing declining reimbursement, increased risk and margin pressure.
For many healthcare organizations, maximizing revenue cycle efficiency and improving the areas of medical billing, coding and accounts receivable management are paramount to achieving the goals defined by healthcare reform.
Identifying incremental reimbursement opportunities can deliver an immediate return without a significant amount of time or cost. This first step gets your revenue cycle in good working order as you go down the path of value-based care.
PERFORMATEL helps hospitals and a variety healthcare facilities improve profitability with revenue cycle management services designed to help them maintain focus on patient care. As an extension of your team, we have the resources and depth of experience you need to help strengthen the financial health and profitability of your whole organization.
If your healthcare organization is struggling to maintain its revenue cycle operations, PERFORMATEL’s end-to-end revenue cycle management and medical billing services can provide as much – or as little – help as you need. Our domain expertise in both physician and hospital billing and claims management, combined with end-to-end revenue cycle management services, can help your organization reduce operating costs and accelerate cash flow.
Essential Revenue Cycle and AR Management Services
Increasingly, chief financial officers are partnering with experts to administer core revenue cycle and accounts receivable management processes to become more operationally efficient and improve financial performance. As health systems struggle to take on professional-fee revenue cycle responsibilities for newly employed practices, we can provide support to help manage coding, billing and even technology platforms for both hospital and physician revenue cycle management.
AR Management Services that Address Growing Healthcare Trends
Consider partnering with an expert for AR management services that have become increasingly important given these growing trends in healthcare: increasing complexity of payer contracts, mergers and acquisitions that affect system platform strategy, and the rise in self-pay accounts due to high deductible health plans.
Revenue Cycle Insight and Analytics
As an extension of your business office staff, we help you accelerate cash collections through our best practice processes, automated tools and insight into your revenue cycle.