Revenue Cycle Management Services

Full-Spectrum Revenue Cycle Management For Optimized Growth

Create a fortified innovative healthcare revenue cycle management structure with analytically driven expert teams.

Reduce leakage, minimize over-coding and code errors, improve clean claims processing, and tighten the grip on governance.

Improve Revenue, Efficiency and Patient Experience with Neolytix RCM Services

Unlock the full potential of your healthcare organization with Neolytix’s comprehensive Revenue Cycle Management RCM. Beyond cost reduction and revenue optimization, our RCM ensures an elevated patient experience. As the healthcare landscape shifts from fee-for-service to value-based care, expertise in medical coders, claims submissions, proper medical coding, and billing processes is crucial. But expertise in isolation isn’t the answer either.

With over 11 years of nationwide service, our specialized RCM teams tailor solutions to identify and address specific needs within your revenue cycle and execute data-driven strategies to optimize the revenue cycle from a holistic viewpoint.

revenue cycle management services

RCM Solutions for Healthcare Providers, Hospitals, Clinics, and Medical Practices

Healthcare organizations nationwide are adapting to agile business models to ensure their future success within a fast-changing industry. 

Neolytix allows healthcare organizations to master the steps within the revenue cycle to create a synergy aimed at long-term financial prosperity.

Experience the synergy of full-spectrum RCM or select individual services to upgrade specific processes in the revenue cycle. 

steps in revenue cycle management

End-to-End Revenue Cycle Management Services

Our Revenue Cycle Management Services are designed to provide a comprehensive solution to the complex challenges faced by healthcare organizations. We offer a range of services aimed at optimizing every stage of the revenue cycle, ensuring efficiency, accuracy, and compliance.

front end revenue cycle

Efficient patient scheduling through Neolytix ensures that healthcare providers can optimize their time, minimizing wait times for patients and enhancing overall productivity. 

Neolytix’s appointment management strategies reduce patient no-shows by sending timely reminders, fostering increased patient engagement and commitment to their healthcare appointments. 

Neolytix’s thorough insurance coverage verification process improves the likelihood of claims being approved by insurance providers, minimizing claim denials and ensuring a smoother reimbursement process. 

Facilitating the prior authorization process, Neolytix obtains necessary approvals before services are rendered, expediting claims processing and preventing delays in reimbursement. 

Streamlined patient registration by Neolytix ensures accurate capture of essential demographic and insurance information, contributing to precise billing, reduced errors, and minimized claim denials. 

Neolytix ensures accurate and timely charge entry, capturing all billable services to optimize revenue generation. Efficient charge entry minimizes revenue leakage from the patient account and ensures that healthcare providers are appropriately compensated for the services they render.

Neolytix conducts comprehensive charge audits to identify discrepancies and errors in the billing process. Charge audits improve billing accuracy, reducing the risk of regulatory issues and enhancing overall compliance. 

Neolytix offers precise medical coding services, translating complex medical procedures and diagnoses into standardized codes. Accurate medical coding ensures proper reimbursement, reduces claim denials, and facilitates compliance with coding standards. 

Neolytix performs regular audits of medical coding to identify and rectify errors, ensuring accuracy in claims submission. Coding audits contribute to ongoing accuracy, compliance, and optimization of the reimbursement process.

Neolytix focuses on enhancing clinical documentation to provide a comprehensive and accurate representation of patient care. Improved documentation supports accurate coding, reduces claim denials, and provides a foundation for optimized revenue capture.

Neolytix engages in effective negotiation with payors to secure favorable contract terms for healthcare providers. Payor contract negotiation aims to maximize reimbursement rates, optimize revenue streams, and ensure financial sustainability for providers.  

mid revenue cycle
back end revenue cycle

Neolytix’s streamlined remittance processing ensures efficient reconciliation of payments, reducing administrative burdens and maintaining accurate financial records.

By effectively managing accounts receivable, Neolytix enhances cash flow for healthcare providers, minimizing outstanding balances and optimizing overall financial liquidity. 

Neolytix employs comprehensive denial management strategies, identifying and addressing root causes of claim denials to minimize revenue loss and improve reimbursement rates. 

Neolytix’s credit balance management ensures precise handling of overpayments, facilitating timely refunds and upholding the financial integrity of healthcare providers. 

Neolytix’s commitment to in-depth reporting provides healthcare providers with detailed insights into financial performance, supporting strategic decision-making and continuous improvement efforts. 

revenue cycle management services

Benefits of Outsourcing RCM to Neolytix

  1. Industry Expertise: With 12 years of experience in healthcare billing and revenue cycle management, our team of experts understands the complexities of the industry. We stay updated on the latest regulations and coding guidelines to ensure compliance and accuracy in all aspects of RCM.
  2. Advanced Technology Solutions: Our cutting-edge technology solutions streamline billing processes, improve efficiency, and reduce manual errors. From electronic claims submission to automated denial management, we leverage technology to optimize your revenue cycle.
  3. Customized Approach: We recognize that every healthcare organization is unique. Whether you’re a large hospital system or a multi-specialty clinic, we adapt our services to fit your requirements.
  4. Dedicated Support: Our team is committed to providing exceptional customer service and support. From implementation to ongoing management, we’re here to address your concerns, answer your questions, and ensure a seamless experience with our RCM services.
  5. Maximized Revenue Capture: By outsourcing your revenue cycle management to us, you can expect to see improved revenue capture and increased cash flow. Our accurate billing and coding practices optimize reimbursement and minimize revenue leakage.

Take Complete RCM Ownership Or Optimize Gradually

Don’t have the appetite to harvest all the benefits from full-spectrum revenue cycle management solutions? No problem.

Select individual service offerings from within the revenue cycle to gain access to specific expertise to complement your non-clinical growth goals.

Licensing Service
credentialing services
Licensing Service
Patient Preauthorization image

TESTIMONIALS

Listen to what our clients
have to say

Sarah Charmchi
Sarah Charmchi
2023-06-13
I chose Neolytix for credentialing our practice. The team was knowledgeable, responsive and kind and supported us through the process. I would certainly recommend their services.
Sue Robbins
Sue Robbins
2022-07-23
Neolytix has helped so much with our outstanding A/R. They are always so very willing to help and complete the task in a timely manner.
Toby
Toby
2022-07-18
We transitioned to Neolytix a while back, having come from a billing company we were less than thrilled about. The people here have been very responsive to our needs and requests, and adapt quickly to whatever curve balls our practice throws them. They bring a wealth of knowledge to the table, and take the attitude that our success is their success.
Sandy M
Sandy M
2022-07-15
I was a new office manager for a private practice when I hired Neolytix for credentialing assistance. Eden has been very thorough and helpful every step of the way. insurance credentialing can be so overwhelming at times, that having this task off my plate has given me a peace of mind. I know she is handling everything. Always quick to respond to questions or concerns.
Cheryl Lambert
Cheryl Lambert
2022-07-10
Neolytix is the most professional and hard working billing company I have ever been partners with . I call them a partner because they truly are. Neolytix makes sure what they bill is accurate. Their knowledge of physician billing is outstanding. The entire team takes control and does what is necessary to make sure you get paid.
Priti Patel
Priti Patel
2022-07-09
I habe hired a virtual assistant through Neolytix and she is amazing. The team has trained her well so I didn't have to deal with that aspect so I can focus on running my clinic. She is fast and responsive to clinic tasks. Patients have said positive things about her as well.The team at Neolytix did well...I just wish I would have signed up sooner 😅

Frequently Asked Questions (FAQ’s)

Revenue cycle management in healthcare refers to the process of managing the financial aspects of patient care, from registration and scheduling to claims submission and payment collection. It involves tasks such as verifying insurance eligibility, coding, billing, and accounts receivable management.

Neolytix provides revenue cycle management as an all-encompassing service, or parts thereof selectable as a-la-carte style services. Whatever we do, our offering to you would be unique as we customize our solutions to suit the specific healthcare provider and practice management style.

Revenue cycle management services can benefit your healthcare organization by improving cash flow, reducing claim denials, optimizing revenue capture, and streamlining administrative tasks. By leveraging expertise, technology, and best practices, revenue cycle management services can enhance financial performance, increase efficiency, improve practice management, and allow your staff to focus on patient care.

In our experience, when done correctly, revenue cycle management will also lead to an improved patient experience, which will turn to an increase in positive testimonials, and this will translate into patient growth.

A comprehensive revenue cycle management solution typically includes services such as insurance verification, coding, and documentation review, claims submission and tracking, denial management, patient billing and collections, and financial reporting. It may also encompass tools for analytics, revenue integrity, and compliance monitoring.

Click here to get an eagle-eye view of the services within the Neolytix revenue cycle management realm.

Our revenue cycle management services employ advanced technologies, experienced personnel, and industry best practices to optimize your revenue cycle. By reducing claim denials, accelerating reimbursement, and enhancing coding accuracy, we can help you maximize revenue, minimize write-offs, and improve overall financial performance.

In addition to the hardcore business mechanics behind your RCM process we improve, Neolytix teams have a reputation for their kind and cooperative approach to integrating with providers and teams to create synergy based on humility and mutual respect.

Revenue cycle management services are beneficial for a wide range of healthcare providers, including hospitals, physician practices, clinics, ambulatory surgery centers, and medical billing companies. Regardless of size or specialty, any organization that deals with medical billing and revenue collection can benefit from streamlined revenue cycle management processes.

Neolytix prioritizes compliance with healthcare regulations and patient privacy laws. Our revenue cycle management services adhere to HIPAA guidelines, maintain strict data security protocols, and employ certified coders and billing experts. We continuously monitor regulatory updates and implement robust safeguards to protect patient information and ensure compliance.

Yes, we can provide references and case studies of healthcare organizations that have successfully implemented our revenue cycle management services. These references and case studies highlight the specific challenges faced by healthcare organizations, how our services addressed those challenges and the measurable improvements achieved in terms of revenue growth, cash flow, and operational efficiency.

How does Neolytix’s Revenue Cycle Management software leverage clinical documentation to enhance real-time revenue cycle management? Neolytix’s Revenue Cycle Management software capitalizes on clinical documentation to bolster real time revenue cycle solutions without requiring extensive integration efforts. Our software empowers healthcare providers with real-time insights derived from clinical documentation, allowing for precise financial decision-making. This integration of clinical documentation into the revenue cycle streamlines billing processes, minimizes errors, and maximizes operational efficiency. Neolytix’s Revenue Cycle Management software ensures healthcare organizations can optimize their revenue cycle, with a focus on real time improvements, all while maintaining data accuracy.
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