Revenue Cycle management for physicians
Revenue has a significant impact on your ability as a physician to provide quality care to your patients. Our RCM services for physicians optimize your revenue cycle, streamline your billing and collections processes, and minimize the administrative burden on your practice. We help you improve cash flow, reduce denials and rejections, and increase overall profitability. Schedule a free consultation today to see how Empyrean Advisors can help you maximize revenue and better serve your patients.
Proficient & All-inclusive
We know that managing the physician revenue cycle can be a complex and time-consuming process. In fact, billing and reimbursement are often the most difficult part of any clinical practice. Without clear protocols, processes, and reporting, a clinical practice will face significant cash flow hurdles as it struggles with denials, billing errors, adjustments, and write-offs. That’s why we provide a comprehensive suite of RCM services designed to help physicians and their staff optimize the revenue cycle management process and maximize revenue. Our experts and partners provide billing and collections services, best practices, and staff training to ensure timely and accurate collections.
We work closely with our clients to develop customized solutions tailored to their specific needs. We’re committed to delivering exceptional service and support at every stage of the revenue cycle management process. Whether you need help with claims management, denials management, or collections, we have the expertise and resources to help. With our comprehensive suite of RCM services, you can focus on providing quality healthcare to your patients while we take care of the revenue cycle management process.
Revenue Cycle Management Registration
Insurance will likely deny claims when patient information isn’t accurate or up-to-date. We help verify insurance coverage, check for any changes in coverage, and ensure all necessary patient information is entered correctly. Our services reduce the risk of claim denials due to incorrect patient information and ensure you’re paid correctly and in a timely manner.
Medical Billing
Insurance will likely deny claims when patient information isn’t accurate or up-to-date. We help verify insurance coverage, check for any changes in coverage, and ensure all necessary patient information is entered correctly. Our services reduce the risk of claim denials due to incorrect patient information and ensure you’re paid correctly and in a timely manner.
Medical Coding
By working with Empyrean Advisors, you can reduce the risk of compliance issues and payment delays. Our specialists can help identify and address any coding errors or omissions that could be impacting reimbursement. We also help you stay up-to-date with the latest coding standards and regulations and provide ongoing education and training to help improve efficiency.
Cash is king in any business
For healthcare providers, collecting payment can be especially challenging and expensive. Managing and billing claims with insurance carriers can be a significant burden on the business and physicians detracting from valuable time spent treating patients. And the collections process begins long before a bill is even generated. It starts when a patient first contacts the office and continues well after the bills have been collected. It involves
- Collecting and verifying patient information
- Checking insurance eligibility
- Documenting and coding services provided
- Submitting claims to payers for reimbursement
- Tracking claims to ensure they are processed and paid in a timely manner
- Managing patient payment collection for any remaining balances
Without effective revenue cycle management, physicians may struggle with denials and billing errors that interrupt cash flow. By working with an expert in physician RCM, healthcare providers can optimize their collection processes, reduce denials, and increase revenue while focusing on what they do best — providing quality patient care.
Benefits of a strong rcm
For physician
practices
Strong RCM processes help optimize cash flow and increase profitability, which is critical to any healthcare practice’s financial success and sustainability. A strong revenue cycle management process ensures:
Insurances are validated and patient liabilities paid before services are rendered
Clinical notes and charges are captured in a timely and accurate manner
Utilization and coding are reviewed to ensure appropriate billing and compliance with payer requirements.
3rd–party payers are identified and pursued to ensure claims are paid in a timely manner.
Claims are submitted correctly to minimize the likelihood of billing errors and denials.
Denials/appeals are managed effectively to minimize the impact on revenue.
Patient payments are collected promptly and accurately to reduce outstanding balances and improve cash flow.
Financial reporting is accurate and up-to-date, providing healthcare physicians with insights into their financial performance.
Compliance with regulations and payer requirements is maintained, reducing the risk of fines and penalties.
You’ve come to the right advisors
We have years of experience in the healthcare industry and deeply understand the unique challenges and opportunities physicians face today. Our industry-leading technology ensures that our RCM services are efficient, accurate, and compliant with regulations and payer requirements. We tailor our physician revenue cycle management services to meet the needs of each client and work closely with them to create solutions that meet their unique needs and goals.
Contact us for a free evaluation of your present process and how we can improve your collections.
customer reviews
At Empyrean Advisors, we prioritize client success above all else. We’re committed to providing the highest quality revenue cycle management for physicians and providers of all sizes. But don’t just take our word for it — see what our customers are saying!
