Achieving Success with Mergers & Acquisitions
While many practice groups gain leverage from joining or creating larger entities, this change often comes with significant IT investment and loss of autonomy. ReMedics facilitates group consolidation with its uniquely designed Single Cash Management Platform in a multi-submitter, single receiver business environment. This service maintains autonomy for each business unit — without the need to change existing Practice Management (PM) Systems or their individual clearinghouses. With our co-shared outsourced services, parent organizations can efficiently manage and improve the revenue cycle performance of newly acquired or merged groups.
Practice Management System Conversion & Migration
If you’re planning to change your Practice Management (PM) System or need to run multiple systems for an extended period of time, ReMedics can work with your IT team to make that conversion easier. With the use of technology and workflow automation, we can segment and reconcile your remittance processing by division or business unit (utilizing separate PM Systems) so that you can continue to leverage your current investments and line of business systems without compromising revenue and cash flow.
Modernizing Your Payment Life Cycle with Automated Workflow Processes
The ReMedics approach to remittance processing modernizes the payment life cycle by eliminating manual work tasks associated with payment capture, check matching, posting, document indexing, remark/reason code translation, bank reconciliation and reporting. Our Business Process Outsourcing (BPO) options deliver a cost-effective alternative to inefficient, error prone tasks that allow your business office personnel to focus more on revenue generating activities and customer service.
Centralized Data and Document Management… Integrated with Existing PM Systems
As a by-product of our services, we provide a centralized location to obtain details on payments, denials and reimbursements. Deliverables to our clients also include correspondence processing. All remittance documentation can be accessed by utilizing the ReMedics Client Portal, where correspondence documents and files are indexed at both the batch and patient folder levels for easy retrieval.
Contact ReMedics
Contact us to learn more about our unique blend of outsourced services and the use of workflow automation technology to assist your organization with making permanent revenue cycle improvements.