Monday, 7 September 2015
BRPTech Hyderabad - Establishing Industry's Best Standards and Practices in Healthcare Revenue Cycle Management
It is mandatory that, physicians, hospitals and health systems need to complete their transactions quickly and efficiently to sustain customer confidence and remain competitive. This is more in US, as efficient management of the revenue cycle means receiving payments on-time and an assurance on greater business viability.
Each doctor or hospital that does not put the right focus on planning and efficient performance may end-up with cash collections that are lower than desired, high accounts receivable balances, frequent write-offs, and patient and physician dissatisfaction.
Adherence to revenue cycle operating standards means to follow the essential elements that are required to run a professional billing process. BRPTech Hyderabad helps US health professionals, hospitals and health systems to achieve the revenue cycle operating standards. Our comprehensive coverage of revenue cycle operating standards includes,
Capable Management: By providing high quality training support, we ensure that the health systems and hospitals achieve efficiency in billing operations. Our efforts to enhance the capabilities of the management means to establish and enforce performance and productivity standards for billing functions - coding, charge entry, insurance follow-up and payment posting. We also provide for the selection of the right IT system and configuration
Organization Model: We suggest following of a hybrid strategy that takes the best of centralized and decentralized billing operations. By adopting the right in-sourcing and outsourcing strategy we help the health systems to avail the support of advanced practice management capabilities more quickly and more economically
Consolidated Practice Management Systems: We adhere and uphold a single practice management system that provides for, work flow, billing flow, management of CMS-1500 and UB-04 claims forms, and integration with EHR. By a consolidated practice management system we help the health system to adhere with US healthcare and environment legislation.
Enforcing productivity standards: We help the health systems to manage productivity, backlogs, processing time and error rates. We ensure that the front-office errors are routed back to the clinic for resolution. We train billing managers to effectively track revenue cycle performance and identify where errors are originating and what best solution can be adopted.
Best Coding and Compliance Model: The diversity associated with scores of CPT and diagnosis codes can be adequately tackled by transition to ICD-10, introduced in October 2014. Finally, our focus is on maintaining coding programs that balance regulatory compliance with revenue enhancement. Our best coding and compliance model helps the health systems to achieve patient and provider satisfaction.
BRPTech Hyderabad's expertise in developing effective physician practice revenue cycle includes, sophisticated leadership skills, strategic vision, organizational design, management discipline, and infrastructure development. With us, the clients - physicians, hospitals and health systems as assured of a smooth and robust functioning revenue cycle process that goes a long way in assuring high impact on the bottom line of the business practice.
About us: BRPTech Hyderabad, an industry leader in healthcare revenue cycle management has been providing innovative billing, coding, and training solutions to multi-specialty medical communities since 2001. BRPTech is headed by Srikant Bommireddipalli is a leading consultant for healthcare revenue cycle management. Also, as the Master Trainer at BRPTech, Srikant Bommireddipalli guides and mentors aspiring career aspirants towards building a successful and lucrative career in Medical Billing, Medical Coding, Accounts Receivable and other RCM domains.