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Revenue Cycle Management Services to Boost Revenue and Reduce Costs
Allzone, an Revenue Cycle Management company, excels in improving and boosting reimbursements, preventing denials, stopping revenue leakage, and enhancing overall revenue cycle management. We currently support 30 different types of medical billing software.
Our healthcare revenue cycle management services encompass administrative functions, patient scheduling, checking insurance eligibility, benefits verification, registration, and revenue collections.
As a leading healthcare revenue cycle management company, our services provide you with peace of mind at every stage of the cycle. From handling your patients’ benefits and eligibility to managing your accounts receivable and everything in between, we’ve got you covered. Understanding and keeping up with all of the constantly changing regulatory measures are easily translated by our RCM team, so you can focus on healthcare.
We specialize in assisting you in getting your revenue cycle back on track, reducing costs, and increasing revenue
Our Revenue Cycle Management Service Results will Amaze You
Maximize Revenue Collection with Our Expert RCM Team
The Healthcare outsource revenue Cycle management services team at Allzone brings the knowledge and tools needed to ensure that every dollar owed is collected. We resolve outstanding A/R and accelerate cash flow by leveraging experience in collecting from difficult payers and reimbursement programs – and we only get paid when you do.
Increase cash flow by improving registration and payments and addressing the root causes of claim denials and payment irregularities.
A comprehensive engine that analyses data by payer, facility, state, and region enhances our RCM services. The results are then benchmarked and problem areas are identified to provide recommendations. We’ll handle the paperwork so you can concentrate on patient care.
Optimizing Healthcare Revenue: Our Proven Revenue Cycle Management Workflow
Preauthorization, prior authorization, and precertification are common terms in the medical billing field. Providers must contact insurers in advance and obtain a certification number to be appropriately reimbursed for services for specific situations and procedures. Insurance verification and authorization services are critical components of revenue cycle management. In fact, the vast majority of claim denials occur when a patient's services are billed to insurance without proper/valid authorization by the provider medical billing companies. It can be difficult to determine which insurers require which preauthorizations, but Our Revenue Cycle Management specialists, with the help of a skilled AR team who understands and can obtain prior authorization and precertification tools, assist medical professionals in navigating the preauthorization maze.
Out-of-pocket expenses are the costs of medical care that are not covered by insurance and must be paid by patient as out of pocket. Health insurance out-of-pocket expenses include deductibles, coinsurance, copays, and any services not covered by patient’s health plans. The insurance company also establishes an out-of-pocket maximum, which is the amount the patient will have to pay for medical expenses on their own.
Reimbursement for the services rendered is a lengthy and complex process that involves various procedures. Most of the time, the patient is liable for the services rendered by the healthcare provider and in case the providers are not paid in a timely manner, they become reluctant to provide the services in the future. As a result, the patient suffers. The situation is not at all convenient for the healthcare provider as well. It is essential to have a proper revenue cycle management in place. And that's where AMS’ team of revenue cycle management can help the healthcare providers to get paid in a timely manner. Which also reduces their operational costs.
Allzone Management Services understands how important it is for payers to keep track of their denial trends. They know just how tedious it can become that’s why they have put together a long-term denial prevention process and will ensure you understand one or more root cause(s) of those denials so you can accurately devise strategies to prevent them.
Gain a clear picture of the lost revenue due to unpaid claims, zero in on the most common reasons for denials, and identify ways to improve your collections.
Patient collections include payments to be made by patients when they are not covered by any health insurance or when their health insurance does not cover the service taken by the patient.
AMS guarantees to bill their client's insurance company accurately by following all their procedures, rules and guidelines when submitting claims.
The first step in ensuring that your practice receives accurate patient collections is to make sure that your patient demographics and insurance are complete and up-to-date at all times. This ensures that the balance bill is sent to the correct address of the patient, and choosing the correct insurance prevents us from billing the patient incorrectly when they have insurance to cover their service.
Top Specialities We Are Specialized In
- Acupuncturist
- Allergy & Asthma
- Ambulatory
- Anesthesia
- Audiology
- Bariatric surgery
- Behaviourial Health
- Cardiology
- Cardiothoracic Surgery
- Foot Surgery
- Gastroenterology
- General Medicine
- General Surgery
- Genito - urinary surgery
- Geriatric
- Gynecology
- Hand Surgery
- Hospitalist
- Pain Management
- Pathology
- Pediatrics
- Phlebology
- Physical Medicine
- Physical Therapy
- Plastic Surgery
- Podiatry
- Psychiatry
- Cardiovascular Disease
- Chiropractic
- Cosmetic Surgery
- Dental
- Dermatology
- Diagnostic services
- DME
- EEG / EKG
- Emergency Medicine - ER
- Endocrinology
- Endovascular Surgery
- ENT
- Family Practice
- Infectious Disease
- Internal Medicine
- Mental Health
- Nephrology
- Neuro Surgery
- Neurology
- Nuclear Medicine
- Nursing Home
- Obstetrics & Gynecology
- Occupational Therapy
- Ophthalmology
- Orthopedic Surgery
- Orthopedics
- Pulmonary & Sleep medicine
- Radiology
- Rheumatology
- Sports Medicine
- Thoracic Surgery
- Urgent Care
- Urology
- Vascular Surgery
- Wound care
- X Rays
Revenue Cycle Management Services
Revenue cycle management (RCM) is the financial process used by Allzone Management Services to track patient care episodes from registration and appointment scheduling to final payment of a balance using medical billing software.
Revenue Cycle Management Services refer to the administrative functions and tasks involved in capturing, managing, and collecting revenue for the services you provide to each of your patients. It is best to handle it with a Revenue cycle management Company like Allzone Management Services.
For certain patient plans/services, the insurance requires that the provider acquire prior authorization before providing the service to the patient. Revenue Cycle Management services can improve their basis and core when they rely on experienced professionals to lower the number of denials as much as possible. Part of the solution is for the Revenue Cycle Management Services provider to automate tasks to get to the root cause of denial and speed up the resubmission process.
Revenue Cycle Management (RCM) can be improved by stopping and addressing revenue leakages and understanding pertinent payer instructions that indicate the guidelines on how to submit your claim correctly in order to get paid correctly. So, in order to provide the best Revenue cycle management service, Our team of experts understand specialty billing guidelines and gain knowledge more about these guidelines in order to improve the accuracy of submitted claims.
Revenue cycle management Services involves various process like Preregistration, registration, charge capture, claim submission, remittance processing, insurance follow-up, and patient collections so having an experienced service partner like Allzone Management Services make the whole process easy and error-free.
The process used by healthcare systems in the United States to track revenue from patients from their initial appointment or encounter with the healthcare system to their payment of the balance is known as revenue cycle management.
The revenue cycle begins with the appointment or hospital visit and ends when the provider or hospital is fully reimbursed for the services rendered. There are different steps involved in the revenue cycle management services like Scheduling, patient pre-registration, patient registration, charge entry and capture, medical coding, eligibility and benefits verification, claim submission, denial management, insurance follow-up, patient billing and collections, cash posting, and reporting.
Allzone Management Services provide the best Revenue cycle management Services by accomplishing the following steps.
- It tracks records of assisting practices in turning their financial situations around is something to look for.
- How long has the provider of Revenue Cycle Management Services been in business?
- How many businesses do they currently help?
- In addition to their professional affiliations, you should evaluate them in terms of customer service.
- Do they respond quickly to help requests, or is it difficult to reach someone when you have a problem with your account?
Allzone Management Services has the best-certified coders who are experts in the field. They assist you in resuming your revenue cycle, reducing costs, and increasing revenue.
Investing in Revenue Cycle Management services will make it a much better practice with the help of Allzone Management Services, a Revenue Cycle Management Outsourcing Company. As you bring in professionals to help you with revenue cycle management, and you can count on their team to be more up-to-date on best practices.
By entrusting it to an Outsourcing Revenue Cycle Management Services company like Allzone Management Services, you can benefit from their efficiencies as well as their expertise. They will simply be able to do the same job you do in-house, but much more quickly. Receiving your revenue in a much more timely manner also means having more funds at your disposal.