Reconciliation and Audit Controls for Autonomous Practice Groups According to an article published by Chief Healthcare Executive® in 2024, corporate entities acquired 5,300 physician practices in 2022 and 2023. The percentage of corporate-owned practices rose 11% in those two years, while hospital-owned practices rose 7.3%. In many cases, these practice mergers and/or acquisitions occur within
Revenue Cycle Services for Hospitals and Health Systems While ReMedics is primarily known for its services to Physician Practice Groups and Management Services Organizations (MSOs), we also reinforce and support revenue cycle staff for Hospitals and Health Systems. For provider organizations with a variety of hospitals and clinic locations, staffing shortages in the business office
Revenue Cycle Services with a Single Cash Management Solution The use of multiple, independent systems typically occurs when a Physician Group or Management Services Organization (MSO) is active with mergers and acquisitions. This is especially true when it comes to allowing the individual business units or divisions to maintain practice group autonomy and continued use
What’s Your Revenue Cycle Goals for 2025? Let’s Talk About Denial Prevention With the Right Data Validation Tools and Business Intelligence (BI) Technology, You Can Prevent Many of Your Denials Claim errors that lead to denials can have a significant impact on your revenue cycle by delaying or reducing payments from health insurance payors. In
Revenue Cycle Services for Multi-Specialty Physician Practice Groups Solutions Designed for Multiple PM Systems For many Multi-Specialty Groups, having more than one Practice Management (PM) system isn’t that unusual. This is especially true for groups that have grown through mergers and acquisitions. In some cases, certain specialties may require unique features or functionalities not available
Reducing Errors and Denials with RPA & Machine Learning Healthcare claims and other billing documents contain a substantial amount of patient, provider and payor information that can originate from different HIT applications — which then leave room for error. Common issues include duplicate entries, incorrect coding and incomplete data. Any inaccuracies in the processing of
