End – end Revenue Cycle Management
Why Revenue Cycle Management Services is Important in Healthcare Organizations?
Revenue cycle management (RCM) is a mandatory process to be incorporated in all Healthcare organizations & practices to generate a successful revenue stream. Ideally, a healthcare organization(s) expects its revenue cycle management service to function in such a way that it allows you to stay focused on your receivable rates. It simplifies the medical billing process into subroutines and each process functions in tandem to ensure your claims are reimbursed & Global Services Hub revenue cycle management services manage and meet your expectations effortlessly. A recent study states that healthcare organizations lose 5% of net revenue due to defective revenue cycle processes.
An inadequate and fragmented revenue cycle results in lower collections missed revenue opportunities and process breakdowns. An inefficient revenue cycle is prevalent, so many organizations are turning to revenue cycle management service outsourcing. The shift from commercial payer reimbursement to direct patient responsibility reinforces the need for a closer evaluation of revenue cycle management methods.
The transition to the value-based payment model and regulatory pressures are backing healthcare organizations into a corner. We effectively armour you against these coming changes by redesigning your workflow and processes & aiding you to achieve optimal net collections and a reduction in primary cost drivers. Global Services Hub offers revenue cycle management services that are designed from the ground-up, up to meet your needs and priorities.
Types of Revenue Cycle Management Services offered by Global Services Hub
Why Global Services Hub Revenue Cycle Management Service?
- 24/7 revenue cycle management services and support.
- Various EMR/EHRs expertise.
- Identify new revenue streams.
- Risk Adjustment Audits.
- Free Lost Revenue Recovery Audit.
- Increase the financial performance.
- Patient cost estimations.
- Regulatory compliance services.
- Analyze and mitigate future impacts on RCM.
- Use of AI and robotic process automation (RPA) technology.
- Minimizing bad debt write-offs.
- Solving staffing challenges.