Revenue Cycle Management Services
Seal leaks in your revenue cycle with an expert, full-spectrum-focused team
Create a fortified innovative revenue cycle management structure with analytically driven expert teams.
Reduce leakage, reduce over-coding risks, improve clean claims processing and tighten the grip on governance.
Services / Revenue Cycle Management
Customized Revenue Cycle Management Services
Improve Profitability, Patient Experience and compliance with Neolytix RCM
Effective RCM not only ensures optimized cost-reducing processes and revenue improvement, but also an improvement in the patient experience. A shift from a billing-focused approach to complete RCM is required as the industry is evolving from a fee-for-service to the value-based care model. Unfortunately, a certain level of expertise and experience is required to capture the benefits offered by healthcare revenue cycle management- skills and expertise that most practices lack.
Our RCM teams have accumulated the necessary expertise over 11 years and are able to adapt their service to the individual practice regardless of where they find themselves in the practice life cycle model.
Revenue Cycle Management Services for
Evolving Medical Practices
Create an industry-best RCM blueprint
Master building processes, control, and workflows that facilitate smooth functioning and better revenue outcomes for your practice.
Our stand-alone RCM Consulting services are offered to those who are starting up, or practices looking to optimize and scale.
Increase revenue and reduce costs
Revenue Leakage Analysis and error trend detection to improve revenue.
Improvements to clean claims with ongoing actions.
Maximized insurance reimbursements with faster turn-around times.
Improved governance and transparency
Front and back-end integration means embracing the entire revenue cycle, from the first point of patient contact to final reconciliation.
Reporting and analyses along each step of the revenue cycle value chain.
Neolytix serves as the enabler for holistic analysis to foster a cross-departmental synergy.
Empowering revenue intelligence
In-depth reporting provided to create a platform for proactive improvement strategies.
Amendable key metrics to best reflect what matters to the individual provider.
Scheduled or on-demand detailed reporting and analysis
How Neolytix RCM Services Improves Revenue in your Practice
A brand-new holistic approach is needed to gain the most out of your revenue cycle. But as is the case with all new strategic implementations, the learning curve is steep and sometimes costly. Neolytix provides practices access to instant expertise and the opportunity to optimize their revenue cycle, without having to go through the slow and painful adoption process.
Benefits without the Challenging Learning Curve
Neolytix’s expert RCM teams bring 11+ years of experience to your practice, which means you’ll enjoy all the benefits that all-inclusive revenue cycle management brings:
- Without having to upskill your staff,
- No need to hire consultants to assist in planning and implementation.
- Avoid costly rookie errors caused by inexperienced staff
- No need to scout and hire new resources
- Fresh approach for a dynamic future approach to generating revenue
Ask an RCM Strategist
Listen to what our clients
have to say
Take Complete Ownership of your Revenue Cycle
Don’t have the appetite to harvest all the benefits from full-spectrum revenue cycle management services?
No problem. Select individual service offerings from within the revenue cycle to gain access to specific expertise to complement your non-clinical processes.
Full-Spectrum Revenue Cycle Management Services
Essential RCM Scope
- First Contact (Queries, etc)
- Patient Scheduling
- Benefit and Eligibility Verification
- Patient-Provider Encounter (Capturing info, EHR, transcribing)
- Proper Medical Coding
- Charge Capture / Claims Generation & Submission
- Cash Posting/Final Payment Posting
- Denial Management
- Patient Billing
- Accounts Receivable
- Reputation management (Review requests and replies)
A-La-Carte RCM Options
Benefits & Prior Authorizations
- Prevent Surprise Bills and Penalties
- Improved benefit verification and prior authorization
- Support patient collections and improve patient experience
- Minimize onboarding time of new clinical personnel
- Physician, Non-Physician, DEA, CDS, CLIA & Group Licensing
- Fast Insurance Medical Credentialing and Provider Enrollment
- Relationships with insurance companies and in-depth knowledge of processes
- Expedited service through constant follow-up
Medical Billing And Coding
- 10+ years of SLA-based billing service experience
- Expert Coding support and knowledge transfer
- Maximize revenue without overcoding
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.
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, 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.
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Learn more about improving Billing and Collection at your medical practice
Medical billing is a central part of healthcare. It’s how we as a community ensure that every medical professional gets paid on time and every patient is covered by their insurance.
Neolytix is proud to offer comprehensive and results-oriented national medical billing services. We guarantee consistent, expert results every month.
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