Practice Group Mergers

Maintaining Bank Relationships with a Practice Group Merger

How to Keep Your Banking and Clearinghouse Relationships with a Practice Group Merger  Banks provide several key services in the revenue cycle, starting with being the recipient of funds as well as EOBs and correspondence via lockbox services. Clearinghouses are are integral to healthcare providers in order for them to forward claim information and receiving

ReMedics workflow automation

Modernizing RCM with Automated Workflow Processes

Modernizing Revenue Cycle Management with Automated Workflow Processes   In order to modernize the revenue cycle for your organization, manual efforts associated with payment capture, check matching, document indexing, remark code translation, posting and bank reconciliation need to be minimized. If automated workflow seems out-of-reach for your organization, then finding an experienced, cost-effective outsourcing partner should

MGMA MPE22 ReMedics Booth 609

MGMA 2022 MPE Leaders Conference

MGMA Medical Practice Excellence (MPE22): Leaders Conference  Join ReMedics in The Solution Center at MGMA’s MPE22 LEADERS CONFERENCE, October 9-11 in Boston, MA with over 130 industry leaders and service provider exhibitors. Click here for the full conference schedule and registration information. ReMedics will be on hand during Solution Center hours in Booth #609 .

Managing Healthcare Financial Data

Creating Payment Processing Efficiency

Keys to Managing Healthcare Claims and Payment Information   Depending on your type of business and reporting requirements, efficiently managing high volumes of information from disparate systems can often require manually aggregating the data. With ReMedics specializing in the processing of healthcare insurance payments, and with creating operational efficiencies, our focus is on three specific

McGuireWoods Healthcare Conference

McGuireWoods 15th Annual Healthcare Finance and Growth Conference

ReMedics Sponsoring 15th Annual Healthcare Finance and Growth Conference   ReMedics is excited to announce our sponsorship of McGuireWoods 15th Annual Healthcare Finance and Growth Conference. The conference takes place on September 15th at the The Ritz-Carlton at 201 East Trade Street in Charlotte, North Carolina.  Robert Zimmerman, ReMedics President and COO, to be a

Denial avoidance and denial management.

Preventing and Managing Denials

Preventing and Managing Denials More Efficiently   It’s no secret that claim denials can greatly affect the revenue cycle and profit loss. While appeals can be time-consuming and costly, it’s better than receiving no reimbursement at all. However, learning from past claim errors to avoid future denials with permanent revenue cycle improvements is the ideal solution

Automated EDI Splitting

Segmenting EDI for Payment Processing

Keep Cash Moving with Automated EDI Splitting For healthcare providers with multiple business units needing to split large, co-mingled EDI payments, the task can be time-consuming and prone to errors. This delays payments, adds more work downstream, and ultimately affects cash flow. With many of ReMedics clients, a proprietary EDI Splitter application is utilized to

cash flow and physician practice group acquisitions

Maintaining Cash Flow with Practice Aggregation

Growth Strategies with Physician Practice Group Aggregation   Expanding a practice or MSO through Practice Group Aggregation can present a variety of revenue management obstacles that need to be planned for. One of the more challenging adjustments is when the newly acquired group is required to change its Practice Management (PM) system. This major disruption to

Connecting Healthcare Systems

Building a Bridge to Connected Healthcare

Unifying Disparate Systems for Streamlining Operational Efficiency ReMedics technology-driven partnerships enable us to deliver tailored revenue cycle services designed to increase payment processing efficiency, cash flow and profitability — for multiple divisions and business units using different Practice Management (PM) Systems and Clearinghouses. Their technology enables us to delivers sustainable financial results for Physician Practice

EOB Check Matching

Check Matching Automation and Posting Accuracy

EOB Check Matching Technology and Payment Processing Efficiency   Processing Physician Practice Group payments from multiple PM Systems and Clearinghouses to a single Tax ID/EIN requires a high degree of data accuracy and verification. The distribution of funds for separate divisions (or business units) also adds complexity to the work for MSOs and DSOs. To accomplish

Power BI Analytics

Analytical Insights for a 360-Degree View of Your Business

Using Power BI Analytics to Increase Revenue   By utilizing analytical solutions with Microsoft’s Power BI, ReMedics provides our Physician Group and MSO clients with data visualization tools that help them to make informed, knowledgeable decisions that lead to permanent revenue cycle improvements. By identifying and addressing negative trends and inconsistencies in key RCM areas, we

Proactive Follow Up in the Revenue Cycle

Automating and Improving Collection and Follow-Up Activities   Revenue improvements can take place by making incremental changes in many different RCM areas — from Patient Registration and Remittance Processing, all the way through to Collections. In this article, we focus on automating and improving collection and follow up activities. With patient liabilities continuing to rise, it’s

Denial Management Trends and Analysis

Identifying Hidden Trends in Your Posting Data

Analyzing Trends for Permanent Revenue Cycle Improvements   Having an accurate view of your daily billing and posting data is just one step in effectively managing revenue cycle improvement processes. Looking at historical and current data over a longer period of time, however, can help to identify hidden trends where revenue and/or cash flow could be

Treasury Reconciliation

Segmenting Bank Deposits by Business Unit

Segmenting Practice Group Bank Deposits by Business Unit For many of our clients, having the ability to segment bank deposits by business unit saves them a considerable amount of time and effort in managing their funds distribution. With ReMedics Treasury Reconciliation Services, bank deposits are segmented, balanced and reconciled daily for divisional and corporate-wide groups.

Systems Migration Strategies

Physician Practice Group Practice Management (PM) Systems Migration

Connecting Core Business Systems to a Single Cash Management Platform  One of the major challenges of a Practice Group merger or acquisition is with the introduction of a new Practice Management System and Billing Application to an expanded group of physicians and their support staff. Significant IT time and costs go into data migration, training

Claim Denials

Isolating Claim Defects and Denials

Isolating Claim Defects and Preventing Denials with Automated Process Improvements  Errors and defects in medical claims are inevitable. A small percentage of them will eventually turn into a denial. How you handle defects and exceptions, however, can lead to significant dollars being delayed, or lost entirely, due to the additional work being required to collect

Exception Worklists

Exception-Based Work Queues for Improved Efficiency

Automated Exception-Based Work Queues Improve Customer Service, A/R Collections, Denials and Appeals Management  ReMedics utilizes workflow automation technology to automate the creation of exception-based work queues, significantly improving staff efficiency for common Customer Service and A/R functions. These exception worklists and work queues are auto-generated to improve specific areas of need, such as: appeals; denial

revenue cycle reporting analytics

Revenue Cycle Reporting & Analytics

Unlock Your Revenue Potential with Detailed Reporting, Scorecards & Data Analysis One of the many benefits of using ReMedics for your outsourced remittance processing, data validation and bank reconciliation needs, is the detailed reporting that we provide to your management team. ReMedics Reporting & Analytics solutions help you to visualize and analyze revenue cycle data

Converting Paper EOBs to 835 Normalized Data

Utilizing Advanced OCR Technology for Converting Paper-Based EOBs One of the many technologies used by ReMedics to automate payment processing for our healthcare clients is Optical Character Recognition. Utilizing OCR technology, text is extracted from an image, such as paper-based EOBs, and converted into machine readable data. The problem with processing paper EOBs is they

Revenue Cycle Business Process Outsourcing

Physician Group Business Process Outsourcing

BPO: An Alternative to Inefficient, Time Consuming Tasks ReMedics delivers fully integrated revenue cycle solutions and services that help to lower operational costs, increase staff productivity and optimize ROI. Our outsourced remittance and payment processing services eliminates paper and modernizes the payment cycle by eliminating manual work tasks associated with payment posting, check matching, document