Maintaining Practice Management Systems After a Group Merger One of the many details to be navigated when facilitating a merger (or acquisition) is with switching an entire group of doctors and their support staff over to a dissimilar Practice Management System. The additional time spent with installation, staff training and vendor support can result in
A Quick Guide to Billing Department and Revenue Cycle Acronyms For health systems, hospitals and practice group billing departments, there is an abundance of acronyms commonly used by providers, payers, clearinghouses, banks, technology vendors and outsourcing firms. There are dozens more associated with clinical care and diagnosis that are not included here. Let’s take a
Strategies for Maintaining Billing Processes and Cash Flow Physician Practice Groups, MSOs and DSOs put significant training, IT resources and investment into their Practice Management (PM) Systems. These applications include billing processes and reporting tools that are the backbone of being able to manage and measure the financial health of an organization. Since significant effort
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
Creating Permanent Change in Revenue Cycle Management… Denials Then and Now In the early days of denial management, the flow of rejected payments or underpayments was typically dealt with as a reactionary defense measure. Using technology to implement denial prevention strategies took a back seat to working denials after they had taken place. For most
Centralized Payments, Denials and Reimbursements The ReMedics’ Business Process Outsourcing (BPO) solution offers a fully outsourced payment processing solution designed specifically for the physician aggregation business model. By leveraging a single cash management platform, ReMedics manages the data capture, parsing & batch balancing, validation, bank reconciliation & funds transfers through custom designed workflows for all
