Revenue Management

maximize & speed up collections

Call Us: 1 (224) 365-8400 - Email: sales@neolytix.com

Revenue ManagementMedical Billing Challenges

Your practice could be billing lower revenue than it should ethically, without you realizing. Under coded claims left an estimated $1.1 Bn on the table for healthcare providers in 2017. Established office visits forfeited $369 Mn. What are the chances that your medical billing is one of the many contributing to that number.

How fast are you collecting your Accounts Receivables (AR). Doing an ageing analysis and identifying trends can help you stay on top of the revenue performance. A lot of physicians don’t have the time or access to reports which facilitate that kind of analysis. Many that do don’t have anything to compare it to. If you are collecting 60% of your AR in less than 30 Days – Is that good, bad or ugly – what are the industry trends and how can you improve the results.

Neolytix is disrupting the way medical billing is done and managed in practices. We do that by taking into consideration how you want your billing to be managed – Keep it Inhouse, Outsource onshore, Outsource Offshore or just manage performance as is without the hefty consulting fee associated with it. We can help offer medical billing management of your current inhouse staff or an outsourced vendor. Looking to cut costs by outsourcing your medical billing – we can help with providing a cost effective billing service that delivers on a regular basis. Call or email us for more details.


Areas of Review

  • Medical Billing Service
  • Provider Credentialing
  • Claims submission – timeliness and accuracy
  • Process and Governance around managing Revenue
  • Reimbursed vs Contracted payment Rate Analysis
  • Patient Collections Analysis

Hear What Customers are Saying

Neolytix Helped in Restructuring

I knew I needed to reorganize and restructure my therapy practice and billing system. My software and billing procedures had become outdated for the size of my growing psychotherapy office. Ritu has unbelievable patience and focus. She never gave up on me as the transition progressed. She is very confident and reassuring as change can be difficult even if it translates into a smoother better practice billing system. She has helped me learn the new software for payments and interfacing with insurance claim submissions. I have referred her and others are equally as impressed!

Elena Kaiser LCPC ATR BC

Patient Experience Management Service
5.0
2018-07-19T16:02:23-05:00

Elena Kaiser LCPC ATR BC

I knew I needed to reorganize and restructure my therapy practice and billing system. My software and billing procedures had become outdated for the size of my growing psychotherapy office. Ritu has unbelievable patience and focus. She never gave up on me as the transition progressed. She is very confident and reassuring as change can be difficult even if it translates into a smoother better practice billing system. She has helped me learn the new software for payments and interfacing with insurance claim submissions. I have referred her and others are equally as impressed!

Neolytix is a Great Resource

Neolytix is a great resource for all things insurance and billing related. They have helped me get a new business up and running and has been a huge help. They are highly motivated and have connected me with other professionals who are on my team as well. I highly recommend their services!

Stephanie (Horgan) Brenner – Chronic Illness Psychotherapy

Patient Experience Management Service
5.0
2018-07-19T16:03:01-05:00

Stephanie (Horgan) Brenner – Chronic Illness Psychotherapy

Neolytix is a great resource for all things insurance and billing related. They have helped me get a new business up and running and has been a huge help. They are highly motivated and have connected me with other professionals who are on my team as well. I highly recommend their services!

Helped Increase My Revenues

I highly recommend Neolytix for billing consultation services. I am a psychotherapist and Ritu was so helpful in resolving billing problems with insurance and advising me on ways to enhance my billing processes for my clients and my business as a whole. She was responsive, professional, and knowledgeable.

Julie H. Gold, LCSW - Gold Counseling Services, P.C.

Patient Experience Management Service
5.0
2018-08-03T13:24:08-05:00

Julie H. Gold, LCSW - Gold Counseling Services, P.C.

I highly recommend Neolytix for billing consultation services. I am a psychotherapist and Ritu was so helpful in resolving billing problems with insurance and advising me on ways to enhance my billing processes for my clients and my business as a whole. She was responsive, professional, and knowledgeable.
5
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We have been helping our customers analyze and improve performance using reporting tools, established methodologies and streamlined processes which deliver meaningful results.

Contact us now to get a no obligation assessment of your billing.

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