REVENUE CYCLE MANAGEMENT (RCM) IS A LIFELINE FOR ANY PRACTICE. IT IS A CONCEPT THAT COVERS ALL FACETS OF MEDICAL BILLING. EVERY PRACTICE SHOULD KNOW ABOUT THE IMPORTANCE OF RCM AND IT’S SOLUTION.
Increased Revenue and Higher Collections
REVENUE CYCLE MANAGEMENT
When it comes to building a healthy bottom line, the bad news is that the current health care payment system is less structured to work against you. The complexities of medical insurance and the way that services are billed and collected are often counterproductive to the provider's ability to get paid quickly.
AAA Medical Billing can review your entire end-to-end revenue cycle management process and recommend/ implement changes that positively impact the extent to which you are getting paid the full amount from patients and providers, and thereby reduce the portion of your revenue that is in A/R.
Having a well-trained and experienced billing team is perhaps the most important indirect driver of revenue at your practice. AAA team consists of billers and coders that are credentialed and certified from reputable professional associations like the Healthcare Billing Management Association, American Health Information Management Association, or the American Academy of Professional Coders. Our team not only know how to code for the highest revenue and understand best practices about billing that can help you avoid an audit, but also are better informed about important industry changes (e.g. – HIPAA updates, changes from the ICD-9 to ICD-10 disease classification series, etc.) that can impact your revenue and operations.