Revenue Cycle Management
There are numerous financial transactions involved in the whole medical episode of a patient. Right from the patient walking into the healthcare facility to register until the final payment of balances, there are numerous financial happenings involved in it.
Revenue Cycle Management is nothing but a billing process that employs the utilization of medical billing software. It binds the healthcare and administrative data of the patients and unifies both the clinical and business aspects of the healthcare industry.
The Benefits Of Our RCM Services
Having an RCM software handling the billing process in your healthcare business can help in scaling it to a greater extent. Some of its advantages are
Our RCM Services
We manage to have a slight lead over our contemporaries by empowering our clients with the following services.
The Process We Follow
Here at Bristol Healthcare services, a renowned Medical Billing Services company, we follow a 5 step procedure to ensure that your whole billing process gets streamlined. The five steps are
The appointment of your patient gets scheduled with you.
We record the information of the patients, such as their name, contact, and insurance. This data are kept safe in our database.
Our team verifies the background of the patient before the commencement of their admission.
The claim documents will get submitted to the insurance company’s EDI system.
The accounts receivable team follows-up with the insurance company until they pay the posted claim.