Our RCM Services
Why Choose Medipay Billing?
Opting for Medipay Billing’s RCM services means benefiting from:
- Maximized Revenue: Ensure every dollar you’re owed is accurately captured and collected.
- Lower Administrative Costs: Simplify processes to reduce overhead and operational expenses.
- Enhanced Compliance: Stay compliant with industry regulations and minimize the risk of errors.
- Improved Cash Flow: Accelerate collections and reduce days in accounts receivable.
- Focus on Patient Care: Allow your staff to concentrate on delivering exceptional patient care rather than managing billing issues.
Our Comprehensive RCM Offerings
1. Medical Coding
Our team of certified medical coders ensures precise and compliant coding for all services rendered, helping to reduce claim denials and maximize reimbursement.
- ICD-10 Coding
- CPT/HCPCS Coding
- Code Review and Optimization
2. Billing and Claims Management
From claim submission to payment posting, Medipay Billing handles every aspect of medical billing to ensure claims are processed efficiently and accurately, minimizing the risk of rejections and denials.
- Claim Submission
- Denial Management
- Payment Posting
- Patient Billing
3. Accounts Receivable Management
Effective management of accounts receivable is key to maintaining a healthy cash flow. Our team diligently follows up on unpaid claims and resolves issues promptly.
- Follow-Up on Outstanding Claims
- Collections Management
- Aging Report Analysis
4. Revenue Integrity and Compliance
Stay ahead of regulatory changes with Medipay Billing’s expertise. We review your processes and documentation to ensure compliance and prevent costly issues.
- Regulatory Compliance Reviews
- Audit Preparation and Support
- Documentation Improvement
5. Practice Management Consulting
Enhance your revenue cycle with tailored consulting services from Medipay Billing. We assess your current processes and provide strategic recommendations to boost efficiency and profitability.
- Workflow Analysis
- Operational Efficiency Improvement
- Custom Strategy Development
How It Works
- Initial Assessment: We begin with a comprehensive evaluation of your existing revenue cycle processes.
- Customized Plan: Based on our assessment, we create a tailored RCM plan to address your specific needs.
- Implementation: Our team implements the plan, providing support and training as required.
- Ongoing Support: We continuously monitor performance, make necessary adjustments, and offer ongoing support to ensure optimal results.
Frequently asked questions
Revenue Cycle Management (RCM) is the process of managing the financial aspects of patient care from the initial appointment to the final payment. It includes everything from patient scheduling and insurance verification to coding, billing, and collections. Effective RCM ensures that healthcare providers receive timely and accurate reimbursement for their services.
Medipay Billing offers a full suite of RCM services designed to streamline your revenue processes. We handle medical coding, billing, claims management, accounts receivable, compliance, and practice management consulting. Our solutions are tailored to optimize your revenue cycle, reduce administrative costs, and improve cash flow, allowing you to focus more on patient care.
At Medipay Billing, we prioritize personalized service and tailored solutions. Our team consists of experienced professionals who stay updated on industry regulations and best practices. We offer detailed assessments, custom strategies, and ongoing support to ensure your revenue cycle is as efficient and effective as possible.
Our dedicated denial management team promptly addresses claim denials and rejections by reviewing the reasons, making necessary corrections, and resubmitting claims. We also analyze patterns to identify underlying issues and prevent future denials, ensuring a smoother billing process.
We handle all types of medical coding, including ICD-10 (International Classification of Diseases), CPT (Current Procedural Terminology), and HCPCS (Healthcare Common Procedure Coding System). Our certified coders ensure accuracy and compliance with the latest coding standards to maximize reimbursement and minimize errors.
