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
Managing Revenue Cycle Processes for Multiple Clearinghouses to a Centralized Single Receiver Our client’s Clearinghouses and Banks play a key role in how medical claims are submitted and how insurance payors provide reimbursement back to the physician group. Clearinghouse services go beyond just claim submission and remediation. Their services can also include eligibility and benefits
ReMedics Core Principles of Cash Management Many of today’s automated solutions still generate a significant percentage of payment exceptions and defects. ReMedics specializes in revenue cycle optimization and the prevention of reimbursement delays with the use of AI, Robotics Process Automation (RPA) and Enterprise Content Management (ECM). With these technologies, ReMedics ensures that correct
Revenue Cycle Outsourcing: Pursuing Cash Flow Stability, Scalability and Workflow Efficiency Many of today’s physician practice groups and hospitals face numerous revenue cycle issues, including lower reimbursement rates, inconsistent cash flow, staffing challenges, and time-consuming claim denial processes. It’s been estimated that hospitals lose $68 billion each year due to billing errors alone. The challenges
