eClinicalWorks® Revenue Cycle Management: Is Your Current Solution Working?
Healthcare providers in the United States have a need to get all the money they are owed. The reimbursement processes and models are continuing to change and modify. As the reimbursement models continue to evolve, healthcare providers may need to replace their current revenue cycle management solution. A big question surrounding this will be, “how do you know when it will be time to replace your current solution?”
If our medical practices and hospitals choose not to do anything about the evolving healthcare environment and financial atmosphere, they may see a huge dip in margins over the next several years.
To avoid this, you should see certain signs which will indicate that you need to replace your existing revenue cycle management solution:
Medical Billing Operations
Does your management rely on revenue cycle management solution such as outsourcing the billing operations? Having a professional medical billing company which specializes in eClincalWorks ® will help your office to register patients, schedule appointments, submit claims and post the payments (insurance payment and patient payment) all by themselves. Many medical practices and hospitals are collaborating with eClinicalWorks® revenue cycle management solution because it is convenient for them and their customers, and it allows the billing process to speed up.
Insurance
How long does it take you to verify if a patient’s insurance is eligible to receive care? With technicalities involved in this process, this may eat up time of your staff. However, outsourcing your medical billing services will not only save the time of your staff but eClinicalWorks® revenue cycle management solution will also do it in a professional manner. This process will decrease the risk of treating a patient who will not be covered by insurance.
Communication with Payers
Does your current billing department and your RCM solution allow you to spare time to have a close relationship with the payers? When you are able to work closely and directly with them, you will see a more efficient, productive, and less expensive process regarding your claims. eClinicalWorks® revenue cycle management solution continuously keep in touch with your payers on your behalf so that there are no issues with any of your payers.
So, if you think that these signs are significant for your practice, you may need to consider the eClinicalWorks® revenue cycle management solution.