Are you finding it difficult to achieve a smoother administrative experience and generate better revenues? Is your organization falling short of trained resources to handle your revenue cycle management requirements? Then, the best option for your organization would be to opt for revenue cycle management outsourcing to experienced revenue cycle management companies. The service provider will not only help you generate better revenues by reducing operational costs but also provide your clients with a smooth administrative experience.
Flatworld Solutions provides high-quality and cost-effective revenue cycle management solutions to global customers. We can help you collect payments on submitted claims, increase the revenue from underpaid claims, and follow up with insurance companies for quick settlements. Additionally, we can also help with your revenue cycle management in healthcare including coding tasks as well as complete patient registration and eligibility verification. Leveraging our expertise can help you -
Revenue cycle management has a significant impact on the way your hospital or medical practice functions. The rising cost of revenue cycle management healthcare combined with the dynamicity of strict regulations which keep changing regularly has made daily operations a time-consuming chore for healthcare operators. A new-age healthcare provider needs policies and practices in place to remain financially secure. With our customized revenue cycle management solutions, you can see a visible impact on your day-to-day operations while benefiting from enhanced customer satisfaction and improved claims submission and returns.
Whether you are a healthcare provider or an individual physician, we can provide revenue cycle management healthcare services that will meet your exact needs. Our wide range of healthcare revenue cycle management services include -
We provide clients with accurate and high-quality healthcare collection services with the help of our years of experience and expertise. By using the latest tools and technologies, we aim to deliver top-notch revenue cycle management solutions.
We can ensure quick and accurate posting of all payments into your billing system. We also do regular auditing of all posted payments, which helps to reduce errors.
Read our article which highlights the 5 key advantages of payment posting in medical billing.
Insurance claim denials are a major pain point for healthcare businesses around the world. We can help you analyze, correct, and resubmit denied claims. This process includes identifying denials by revenue coding and CPT/HCPCS codes. Thereafter, the reason for the denials is analyzed and a detailed denial management report is prepared. This process can help you effectively manage claim denials.
Read our article which provides 7 tips to improve denial management of healthcare claims.
We take care of all discrepancies that result in delayed or denied receivables. Our AR professionals work towards identifying the issues and following up with the shortcomings to ensure that healthcare providers are paid on time. Our team will follow up on pending claims, initiate collections and track down overdue payments to maximize the cash flow.
Our AR Calling Services are equipped with the expertise to follow up and handle delays in the payments. We identify the unpaid dues that are causing a bottleneck in your revenue cycle management system and follow up with delinquent patient accounts. We ensure to courteously engage patients, make them feel comfortable and urge them to make timely payment of pending dues. We also call the insurance companies to send details about rejected claims.
Checking the eligibility of the patients can be time-consuming because it is a resource-intensive task. This revenue cycle management healthcare task is completely taken care of by our trained professionals who will check all medical documents, verify the patient coverage, follow-up with patients if there is a shortfall in the supporting documents. The final report will be filed for faster processing.
We can manage both electronic claims submissions as well as submission of paper claims. Our experienced team prepares the Explanation of Benefits (EOBs) and submits the claims to the insurance company.
We can help you identify patient accounts that require follow-ups and take the requisite action to collect unpaid/underpaid claims. Our services include -
We can also prepare monthly reports that can help you manage your cash flow and increase profitability. These include reports related to -
In this way, we provide a range of hospital revenue cycle management solutions that can help you achieve better operational efficiency.
We help you successfully optimize compliant Medicare reports, which is challenging, especially when the federal and state regulations are continually changing. We have expertise in comprehending multi-layered legislation and applying it to ensure the most optimum Medicare reimbursement on an ongoing basis.
We assist clients in submitting encounter data to the respective agencies. Our encounter processing services are HIPAA compliant and manage end-to-end testing and certification logistics. We receive, transform, and transmit full and compliant encounters.
We have the requisite expertise to provide high-end revenue improvement services and help you cut out from the manual or traditional management of back-end functions.
Our team at FWS has the required skills and expertise to provide clients with high-quality and error-free MIPS quality reporting services. We leverage the latest MIPS quality reporting software and tools while delivering top-notch services to clients around the globe.
Our team comprises some of the most experienced and skilled accounts receivable conversion experts on board who can take care of all your revenue cycle management healthcare requirements. We leverage the latest tools and technologies while delivering the best quality services.
We provide specialized services related to health insurance claims follow-up and insurance claims denials. Working closely with the hospitals and healthcare services, our experienced and trained professionals enable healthcare providers to efficiently address claims denials. This facilitates increasing cash flow and reducing or eliminating write-offs.
If your bottom line is seeing a dip due to payment errors and issues in data validation, it is time you opt for revenue cycle management outsourcing services. Let us be your efficient payment accuracy services provider and resolve the payment issues within a tight TAT. We take prudent measures to avoid errors and fix older bugs to resolve the payment error.
If you are still stuck with traditional dental revenue cycle management, your revenue stream is likely in need of optimization. If so, outsource dental revenue cycle management to accelerate payment and improve the bottomline of your practice.
We can help you process your patients' personal, demographic, and all insurance-related information. At each step of the process, we ensure that we verify and validate patient information. During this step, easy identification of insurance mismatch, wrong provider details, etc. can help you avoid losses down the line.
Strict regulations and increasing instances of self-pay have led to increased risk in medical coding. Our accurate medical coding services can help you create and streamline patient records within a short period of time, while accelerating physician payments. Our team is comprised of Certified Professional Coders (CPCs) accredited by the American Academy of Professional Coders (AAPC) which works in accordance with the updated standards and methodologies laid down by CMS, Medicare contractors, AMA, medical societies, and federal organizations.
Charge capture is extremely important since it helps doctors accurately record the entire information of services provided. This information is then sent to different payers and insurance companies for quick and timely reimbursement. We can process charges for multiple specialties within a short turnaround time. We have extensive experience in handling -
If you a healthcare service provider who wants a 360-degree outlook of your RCM system and how it is affecting your bottom line, we are the right revenue cycle management company to outsource to. We create custom reports through powerful dashboards which you can access from any location and device. Our services consist of -
Being one of the leading revenue cycle management solutions providers, our team believes in providing quality services to clients within a quick turnaround time. This is possible by making use of a systematic and streamlined process which involves the following steps -
Having been in the healthcare industry for over 17 years now, we understand the exact requirements of the client and provide the revenue cycle management healthcare services accordingly. We leverage some of the best and latest tools and technologies to deliver quality revenue cycle management solutions to clients. Some of the tools we make use of include -
When you choose us for revenue cycle management outsourcing services, you are ensured of complete reliability and peace of mind for the duration of the project. From the front desk to the back office, our experience in working with some of the world's leading healthcare providers enable us to provide customized services based upon your requirements. Some of the benefits of partnering with us include -
The need for continuous, reliable revenue cycle management healthcare services has now reached a tipping point. Shrinking reimbursements are just the tip of the iceberg of the chunk of issues, as healthcare providers lose time, money, and employee hours chasing an insurance payment within their turnaround time. At Flatworld Solutions, we believe in approaching this problem in a holistic manner and inspect all parts of the service - from payer credentialing to billing and collection so as to ease your workload and provide a massive boost to your business. Some of the main reasons why global healthcare providers choose us as their partner include -
A leading client was looking for a partner who could help them with accurate account receivable services. Our team provided the services within a quick time.
A leading birth control telemedicine provider was looking for a service provider who could help them with insurance eligibility and verification services. Our team provided the services in no time.
Thank you ALL for all that you do! You're providing STELLAR services.Director of Revenue Management Operations,
Flatworld Solutions has been a pioneer in providing quality revenue cycle management healthcare outsourcing services. We are committed to building lasting relationships with our customers. Our revenue cycle management outsourcing services put your needs first. We have extensive experience working with global clients, which gives us the knowledge that can help you achieve accelerated growth and improved process efficiencies.
Contact us to outsource revenue cycle management services.
Avail best-in-class services at affordable rates
AHIMA Healthcare Convention 2016 Read More
The process of identifying, optimizing, obtaining, and managing the practice's revenue from payers based on the services delivered is known as Revenue Cycle Management (RCM). From financial strategy and policy through appointment scheduling, eligibility confirmation, service delivery, paperwork, classification, invoice and claim filing, denial management, and various phases and components, it covers the entire range of a company's activities.
At Flatworld Solutions, we provide in-depth Revenue Cycle Management (RCM) services. By combining a solid solutions platform with professionally trained personnel, our extensive revenue cycle management services ease the complexities of billing and revenue management operations. Our services help to reduce cost, increase revenue as well as eliminate the need to hire RCM staff.
It's only natural to want to know exactly how much revenue cycle management services will cost your company. However, keep in mind that each assignment/project is unique. Some of the factors that may influence include the number of patients you serve, the number of different insurance carriers you must deal with, and the number of patients you have. The flow of revenue is also affected by the country in which you do business.
Rather than focusing on the cost of revenue cycle management solutions, think about how much money you will save in the short and long run. For instance, if your company is expanding and you need to hire more employees to handle the increased income, you may compare the cost of new hires to the prices you are getting from other revenue cycle management companies.
At Flatworld Solutions, we provide global clients with high-quality and cost-effective Revenue Cycle Management solutions. We help you save up to 60% on your operational expenses.
Outsourcing revenue cycle management services means, your day-to-day RCM tasks such as billing, refunds, enrollment, and patient check-in/check-out will be handled by your outsourced RCM services provider.
In addition to lowering the costs of hiring an internal team, purchasing office equipment, and upgrading technology, outsourcing revenue cycle management allows you to collect payments that you are legally entitled to, resulting in a boost in revenue.
Managing your own RCM operations can be costly; it necessitates committed workers who must be trained and monitored regularly. Outsourcing this overhead to a revenue cycle management company can save you money and time. Outsourcing RCM allows you to concentrate on operating costs rather than capital investments.
A smart way to start is to see if they have a strong reputation in the market. Make sure to conduct some research by reading reviews in industry publications, social media platforms, and blogs to learn more about the RCM service providers.
Your revenue cycle management company should provide regular training and certification for its employees, with a focus on ensuring that each person follows claim filing requirements.
Make sure you ask the following questions -