Maximize Your Revenue
Efficient Billing, Optimized Revenue, Sustainable Growth
Enhance your practice’s financial performance with our specialized Medical Revenue Cycle Management services. We streamline billing processes, reduce claim denials, and ensure consistent revenue flow, allowing you to focus on providing exceptional patient care.
WhAT SERVICES OFFERED IN AltruST
Optimize billing, reduce denials, and maximize practice revenue.
Patient Registration and Eligibility Verification
Accurate capture of patient demographics and insurance information during registration. Verification of patient insurance eligibility and benefits to ensure coverage and reduce claim denials.
Charge Entry
Accurate entry of charges for medical services provided, ensuring that all billable services are captured. Review and validation of charges to prevent errors and ensure proper billing.
Claims Submission
Preparation and submission of claims to insurance companies and payers. Use of electronic claims submission (EDI) to expedite the payment process and reduce the risk of errors.
Payment Posting
Posting of payments received from insurance companies, patients, and other payers to the appropriate accounts. Reconciliation of payments to ensure accuracy and identify any discrepancies.
Denial Management
Identification and analysis of claim denials to determine the root causes. Implementation of strategies to appeal and resolve denied claims, reducing the impact on cash flow.
Accounts Receivable (AR) Management
Monitoring and follow-up on outstanding accounts receivable to ensure timely collection of payments. Implementation of strategies to reduce AR days and improve cash flow.
Patient Billing and Collections
Generation and distribution of patient statements for any remaining balances after insurance payments. Follow-up on unpaid patient balances and management of payment plans to ensure collection.
Reporting and Analytics
Generation of detailed financial reports and analytics to provide insights into the practice’s financial performance. Analysis of key performance indicators (KPIs) such as AR days, denial rates, and collection rates to identify areas for improvement.
Compliance and Regulatory Support
Ensuring that all RCM processes adhere to healthcare regulations, including HIPAA, and other relevant laws. Implementation of best practices to maintain compliance and reduce the risk of audits and penalties.
Revenue Optimization Consulting
Providing strategic advice on optimizing revenue cycles, including improving billing processes, reducing denials, and enhancing overall financial performance. Identification of opportunities for revenue growth and cost reduction.
SEE Our Services UNDER REVENUE CYCLE MANAGEMENT
Discover Our Revenue Cycle Management Services for Medical Practices
ALTRUST Services offers specialized Revenue Cycle Management (RCM) services tailored to meet the needs of medical practices. These services are designed to optimize the financial performance of healthcare providers by streamlining the entire billing process, from patient registration to the final payment.
Cardiologist
Ophthalmologist
Dentist
Psychiatrist
Functional Medicine
MEDICINE