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For a service based business such as radiology it usually starts with preauthorizing the study to make sure the patient or the patient s insurer will be able to pay according to the patient presentation i e the icd 9 cm code.
Revenue cycle management radiology. Revenue cycle management and billing services for radiology practices that want to increase coding efficiency and compliance for improved cash flow and revenue. Contact us revenue cycle services for reduced costs and improved margins. His radiology revenue cycle management and billing services will increase revenue for your practice and ensure detail is paid to each step in the process completed effectively and compliant in order to get you paid accurately and efficiently for the services provided. Investing in technology streamlining workforces improving bill cycles are a great start.
With his managing your revenue cycle you ll see. As an award winning retailer of imaginesoftware and the first vendor of imagine s cloud billing solutions dexios has the expertise to seamlessly move your practice to the industry s most advanced billing and practice management software available today. Combine this knowledge with our exhaustive collection strategy and our investment in technology and people and radiologybill is able to consistently outperform other agencies. Your answer to improving your radiology billing revenue cycle management system we not only dig into the specific needs of our clients we study the communities where our clients serve.
Getting a partner to optimize billing and introduce automation is a thing to consider as well. Since healthcare administrative partners opened its doors in media pa in 1995 we ve been providing comprehensive radiology revenue cycle management to hospital based physician groups freestanding imaging centers and academic medical centers throughout the us. Another highly suggested way for radiology practices to survive is to adopt new technologies and better processes to offset lost revenue opportunities. In revenue cycle management ai can examine the different rules that payers apply and where potential denials can arise from health plans particularly about the rules for diagnostic imaging and when prior authorizations are required ai also helps to predict which course of action will resolve a denial most efficiently stuart says.
Radiology and imaging centers need a clear path to improving revenue in their payment lifecycle. A partner can help optimize revenue cycle management functions such as medical billing and physician productivity tracking and leverage automation to help front end revenue cycle staff for example deliver accurate upfront cost estimates to improve patient experience. The revenue cycle is the financial process that a business goes through to collect money for products or services provided.
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