A medical practice's bottom line can benefit greatly from a renewed focus on the fundamentals. Effective patient data management services are the foundation of revenue cycle management.
We input or verify information about patients, including demographic details, insurance status, and financial obligations. In order to intervene effectively, we can import patient data from hospitals and other systems into third-party systems, proprietary systems, or our own native systems.
Our 91% first-pass accuracy rate is the highest in the market because we create or implement tools, revisions, and audits that guarantee a 100% accuracy target for claims before filing.
The crucial steps in efficient billing include collecting accurate patient demographic, coverage & benefits, and payer information. Our clients benefit from a reduction of 28-33% in billing costs because to validated benefits, coverage, and full payer data.
Electronic medical records and medical insurance claims rely heavily on patient demographic information. Verifying insurance coverage, obtaining prior authorization, and processing claims all rely on accurate patient information.
Accurate contact information is crucial to the success of your patient communication strategy, which includes the paper statement, phone/text payment reminders, and electronic messages.
Accuracy in patient data management Services are essential for assessing current medical issues and delivering cost-effective treatment.
In a medical practice, it can be time-consuming and laborious to ensure that all patient information is received via the paper-based registration procedure or that the patient scheduling system is updated on the EMR. There may not be enough room in the office to accommodate more workers. Therefore, medical practices can save money by opting to have this administrative process of updating patient information performed by a third party. Higher claim approval rates are a direct result of RM Healthcare's meticulous patient data management Services.