Revex Square Medical Revenue Cycle Management Service
Medical Revenue Service by Revex Square, generates and collects payments for the services a provider provides to their patients. It’s a complete RCM solution managing end-to-end RCM operations like patient registration, insurance verification, coding, billing, and collections. Our RCM billing company optimizes revenue cycle for better financial outcomes of the physician’s medical center.
Medical Revenue Service by Revex Square, generates and collects payments for the services a provider provides to their patients. It’s a complete RCM solution managing end-to-end RCM operations like patient registration, insurance verification, coding, billing, and collections. Our RCM billing company optimizes revenue cycle for better financial outcomes of the physician’s medical center.
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Importance of Choosing Revex Square Revenue Cycle Management Service in Medical Billing
Managing a medical practice’s finances is complex. Between evolving regulations, strict insurance policies, and patients with expectations higher than Mt. Everest – it’s a recipe for revenue leakage, cash flow disaster, and operational chaos.
Luckily, the medical revenue cycle management (RCM) experts at Revex Square can restore your practice to full financial health. Our certified coders ensure accurate billing and coding to stop revenue leakage. Our enrollment specialists secure contracts with top commercial payers to expand your patient pool. And our billing experts work diligently to collect every dollar your practice earns.
So don’t let medical finances frustrate you. Revex Square Medical Revenue Service has the cure for what ails your practice’s finances. Call today to experience how we align a provider’s whole revenue cycle process to maximize collections while delighting patients.
Up To 30% Revenue Increase In Next 12 Months With Revex Square’s Medical Revenue Service (Case Study)
| In-House Billing | Revex Square RCM | Results | |
|---|---|---|---|
| Charges (on average) | $142,000.00 | $142,000.00 | |
| Gross Collection Rate (GCR) | $60,000 (42%) | $77,000 (54%) | 12% Increase in Gross Collection Rate |
| Billing Costs | $6,000 | $4,000 | $2,000 Decrease in monthly cost of RCM service |
End-to-End RCM Service Features by Revex Square
You have nothing to lose and everything to gain with Revex Square Medical Revenue Cycle Management features. This means our healthcare RCM service is the partner you can trust for your revenue cycle success.
Charge Entry Feature
- Claim creation, validation, and transmission
- Entering valid super-bill information
- Claim approval confirmation
- Claim status tracking
Remittance Processing Feature
- Processing of payments from the payers
- Processing of adjustments and denials
- Reconciling payments to the provider’s claims
Insurance Follow-Up Feature
- Following up with payers for unpaid claims
- Following up with payers for underpaid claims
- Contact payers on a provider’s behalf
- Negotiating and resolving claim disputes
KPI Reporting & Analytics
- Monitors your key performance indicators
- Analyzes days in accounts receivable
- Analyzes claim denial rate and collection rate
- Comprehensive and customizable reports
- Advanced data visualization tools
Patient Collections Feature
- Collecting patient payments
- Managing initial statement + final notice
- Sending clean bills and reminders to patients
- Convenient payment options for patients
A/R Management Feature
- Reduces the aging of outstanding A/R
- A/R workflow optimization
- Claim approval confirmation
- Collecting A/R collections from the payers and patients
Coding and Documentation
- Coding provider’s services compliantly
- Using the latest coding standards and guidelines
- Capturing relevant details that support a clean claim
Charge Capture Feature
- Capturing and validating the service charges
- Leveraging charge sheets and EHRs
- Ensuring charges are consistent with documentation
Contract Management
- Managing contractual agreements with the payers
- Determining how much you get paid for your services
Choose Revex Square RCM Billing Company For Complete RCM Reporting
Data Insights
See the key metrics and trends of the revenue billing process in a comprehensive and interactive analytics dashboard. You can compare your performance with industry benchmarks and identify areas for improvement.
Quick Feedback
Communicate with our RCM experts, your patients, and the insurance payers instantly through the integrated chat system. You can ask questions, share feedback, and resolve issues in real time.
Detailed Reports
Drill down into the details of your revenue cycle with our customizable and granular reports. You can filter, sort, and export your medical billing data according to your needs and preferences.
Multi-Specialty Support
Manage multiple facilities and locations with our RCM reporting dashboard. You can view and compare the data of different sites and groups in one place. Dedicated dashboard for each specialty.
Data Security
You can rest assured that your data is safe and secure. We use the latest encryption and authentication technologies to protect your data from unauthorized access and breaches.
Complete Medical Billing and Coding Services
Revex Square delivers end-to-end medical billing and coding services for every key stage of the revenue cycle. Our team helps providers run billing operations more efficiently. We also improve visibility into claims, payments, denials, and outstanding accounts receivable.
Let Revex Square RCM Service seal cracks in your revenue cycle...
We identify opportunities to boost your revenue through enhanced billing, coding, denial management and more.
Revex Square RCM Medical Billing Has Got The Solutions For Providers' Revenue Growth
Poor Cash Flow
Providers struggle with maintaining a steady and predictable cash flow due to various factors such as bad debt and underpayments.
Better Cash Flow
Our med RCM service reduces the bad debt and underpayments by ensuring accurate and timely claim submission and follow-up.
Mishandled A/R
Providers face challenges in managing their accounts receivable (A/R) due to the complexity and variability of the process.
Managed A/R
Our healthcare RCM solution provides visibility into A/R performance, such as days in A/R, A/R aging, and A/R turnover.
Misaligned Payer Compatibility
Providers struggle complying with multiple payers, as well as different claim types, like fee-for-service, value-based, and capitated.
Aligned Payer Compatibility
Our flexible and scalable RCM platform adapts to the changing payer requirements and maximizes provider's reimbursements.
High Denial Rates
Providers experience is a high rate of denials from payers, that give negative impact to their revenue and also to their cash flow.
High Recovery Rates
Our proactive and preventive approach resolves the root causes of denials to boost denial recovery rates and revenue integrity.
More Admin Workload
Denials reduce the provider's revenue collection and increase their workload as they have to appeal and resubmit the claims.
Automated Process
Our RCM experts and EHR platform automate the manual work and perform claim submission with utmost accuracy.
Frequently Asked Questions About RCM
Answers to common questions about Revex Square's revenu cycyle management and how we help healthcare practices improve their revenue cycle.
Revex Square provides end-to-end medical billing services, including claim submission, payment posting, denial management, A/R follow-up, and revenue cycle support.
Our medical billing services help reduce claim errors, manage denials, and follow up on unpaid claims to improve collections and maintain healthier cash flow.
Yes. Revex Square provides customized medical billing support for different healthcare specialtie and practice types across the United States.
Our team reviews denial reasons, corrects claim issues, follows up with payers, and works to recover eligible outstanding payments.
Yes. We can verify patient insurance eligibility and benefits to help identify coverage issues before services are billed and claims are submitted.
The onboarding timeline depends on your practice setup and billing requirements, but our team works to make the transition smooth and efficient.