Revenue Cycle Management
Streamlined End-to-End Revenue Cycle Solutions
Healthcare facilities use medical billing software to track patient care episodes, from registration and appointment scheduling to the final balance payment. This process is known as revenue cycle management (RCM). If you are looking for reliable sources to master this process, you have Franklin Med Billing!
To hasten reimbursement, we enhance clinical documentation. Our RCM services improve cash flow, speed up payment, and limit expenses quicker for healthcare providers like hospitals, health systems, doctors, and non-hospital emergency medical service providers.
We Have the Required Knowledge
Firstly, our professionals have in-depth knowledge of the revenue cycle management process, including billing, coding, and claims management. They use this knowledge to ensure that claims are filed accurately and promptly, thus reducing the chances of claims being denied or delayed.
We Utilize the Latest Tools and Techniques
Secondly, our professionals use advanced technology and analytics tools to identify trends and patterns in the revenue cycle process, which helps to optimize revenue and reduce costs. They use this data to make informed decisions about improving revenue cycle management, thus helping healthcare providers achieve their financial goals.
Our Services Fit Practices of All Sizes and Specialties.
We streamline front-end tasks to reduce errors and delays.
We verify insurance details to ensure smooth and accurate billing.
Every claim is submitted, tracked, and followed up efficiently.
Clear, timely statements improve collections and patient communication experience.
Get detailed reports showing revenue performance and improvement opportunities.
We Believe in Transparency
Extensive Management Services
Thirdly, our professionals provide comprehensive revenue cycle management services, including patient scheduling, billing, claims management, and collections. This means that healthcare providers can outsource the entire revenue cycle management process to us.
Healthcare Providers with Expertise
We are essential for revenue cycle management because we have the expertise, technology, and resources to optimize revenue and reduce costs. By outsourcing, healthcare providers can be assured of high-quality services that will help them to achieve their financial goals.
BENEFITS OF WORKING WITH US
Transparent Reporting
You’ll receive regular, easy-to-read financial reports, along with insights to help improve billing.
Faster Payments
We submit claims promptly, helping you get paid faster and maintain steady cash flow.
Fewer Denials
Accurate coding and verification reduce claim errors, lowering denials and speeding up reimbursements.
Less Admin Work
We handle billing tasks so your team can focus fully on patient care.
Improved Accuracy
Thorough data checks and precise coding ensure clean claims and accurate financial reporting.
Real-Time Tracking
Track every claim in real-time and receive regular updates on status and payments.
Process for Medical Billing and Revenue Cycle Management
Step 1: Assessment and Onboarding
We begin by reviewing practice’s current billing process. After onboarding, we align our services with your goals.
Step 2: Claims Submission and Management
Our team submits your claims using the latest ICD/CPT codes and ensures everything is accurate, reducing errors.
Step 3: Follow-Up and Denial Management
We actively follow up on unpaid or denied claims, resubmit rejected claims, and work towards maximizing reimbursement.
Step 4: Ongoing Support and Reporting
We provide support, keeping you updated on practice’s financial status and ensuring your revenue cycle runs smoothly.
Revenue Cycle Management FAQ’s
Contact Our Reputed Professionals
If you are looking for reliable sources for RCM solutions, Franklin Med Billing can help you! Do not hesitate to contact us and talk to our experts, and we will guide you through our process effortlessly.
Let 's Get Started
