Connecting Multiple PM Systems to a Single Cash Management Platform…
Physician Practice Groups put significant training, IT resources and investment into their Practice Management (PM) Systems. These applications include billing processes and reporting tools that are critical to the financial health and cash management of an organization. Since significant investment has gone into these core business systems, ReMedics can help to minimize any disruption to current revenue cycle processes with merger and acquisition activity. Because ReMedics services are system agnostic, we minimize risk to cash flow by maintaining accurate, timely payment posting for each PM System and individual Practice Group. This includes the splitting & parsing of co-mingled ERAs being processed to a single Tax ID Number (TIN). We then provide funds distribution to the appropriate bank account(s) and detailed daily reporting for each business unit.
Migration Strategies with Practice Group Aggregation
If you’re planning to change the use of a Practice Management System (PMS) with M&A practice group aggregation, ReMedics can work with your existing clearinghouse, bank and other vendors to develop a migration strategy that cuts across all business units at the same time — or a plan that implements migrations in phases by department, specialty or location. These services also help new business units to maintain their practice group autonomy, while still reporting to a corporate account.
Services Designed to Maximize Revenue & Improve Cash Flow
Contact us here to schedule a discovery call or a presentation of our services and capabilities. Our Operations Team in the Greater Cleveland (Ohio) metro area can work with all major EMRs and PM Systems, Banks and Clearinghouses in a multi-submitter, single receiver business environment. Whatever your goals are for growing a Practice Group or MSO, our services are designed to maximize revenue & improve cash flow.