Benefits of Revenue Cycle Management Outsourcing
The benefits of outsourcing revenue cycle management processes are multifold. The current scenario in the healthcare industry is very conducive to outsourcing since the benefits outweigh the risks significantly.
The baby boomer generation of coders and revenue cycle management staff are on their way out. The vacuum created by them has to be replaced at the earliest with the same skill sets.
This is a challenging task for the current generation of newbie coders need to fit into this mold. The transition from ICD-9 to ICD-10 has also created a roadblock in the revenue cycle management, not to mention the added EHR complications. So outsourcing revenue cycle management processes to distant shores especially India, where availability of subject matter experts is plenty, is a viable and attractive option. This would be a wise cost-effective solution.
Velan Info Services is a multi-faceted company quite experienced in Revenue Cycle Management and we offer professional services with utmost care and precision. We currently take care of all aspects of RCM including.,
- Demo and Patient Registration
- Insurance Verification
- Patient co-pay collection
- Medical Coding
- Charge Entry
- Claims Submission
- Payment Posting
- Denial Management
- Account Receivable services
Our clients are always delighted with the turnaround time and we strive to set new benchmarks in the field of RCM outsourcing. Anytime our clients wish to try something new, we are ready to meet their needs and take it up as a challenge. RCM software currently being utilized by us is Zirmed and Allscripts.
Our medical coding team has two AAPC certified coders on board specializing in CPC and COC. We are proud that these coders have added a feather to our cap. This team takes care of the coding aspect.
We convert problems into solutions and take everything in our stride and aim for client satisfaction in each and every task including cost control.
A professionally trained team handles the RCM processes efficiently. Our Velan team will be glad to align our interests with that of the clients and work toward a mutually satisfactory goal and create a win-win situation!!