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Medicsrcm knows the unique financial and operational nuances in the world of behavioral health bh and substance use disorders sud.
Revenue cycle management behavioral health. Our billing specialists possess invaluable experience in the rehabilitation industry with thorough awareness of potential pitfalls and well honed tactics for financial maximization. Comprehensive therapy practice management requires prompt insurance verification. Revenue cycle management 101. Revenue cycle management also known as rcm involves the steps taken to bill clients and their insurers.
Uni care invites readers to attend its full day symposium on revenue cycle management in behavioral healthcare on march 25 at the national council for community behavioral healthcare annual conference in las vegas. The revenue cycle management process begins as soon as a client expresses interest in treatment. When completing this process they have to comply with every relevant regulation. Get reviews pricing and demos on the best revenue cycle management software.
Across all types of operations we have found that it is common for a poor revenue cycle management rcm experience to drive facilities to search for a new ehr. In the behavioral health and medical industry providers must follow a specific procedure to charge payments. Behavioral health has a significant number of these retroactive eligibility situations. Prices starting from 80 month user.
We develop new departments or simply restructure and streamline current departments within behavioral health and medical billing organizations. Reviews on web based windows ios and android systems. Like many other industries drug rehab and mental health treatment facilities financial solvency depends largely on their ability to collect payment in a timely fashion. Revenue cycle management effective revenue management allows your facility to operate smoothly and efficiently without accidental loss or misappropriation of funds.
Our clients revenue is typically increased by 10 20 and sometimes by up to 30. Our expert team of behavioral health billing and claims management professionals has invaluable experience in implementing highly effective revenue cycle management rcm processes. We can assist whether your setting is inpatient outpatient or a combination of each with. Compare products like prognocis medicsrcm hcs interactant and more.
In order to ensure your receivables are collected in a timely fashion it is imperative to either have an in house billing team that runs like a well oiled machine or find a stellar third. Behavioral health revenue cycle management. The most successful clinicians enjoy outstanding patient relationships while also running an efficient and effective back office.
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