SRT provides all the Revenue Cycle Management services for the healthcare providers. Our comprehensive services ensure you to reduce operational expenses drastically and help you to enhance your cash flow. All our process transactions and practices related to business are handled according to HIPPA, PHI compliances and US information security guidelines.
Our monthly accountability reports keep you informed and in control. In fact, you will have greater control over your practice than you have ever experienced. In addition, it’s much easier to keep up with new regulations and updates. We aim at absolute satisfaction of our clientele by delivering our services with high accuracy and quality within the TAT.
ENSURING THAT HEALHCARE PROVIDERS RECEIVE TIMELY PAYMENTS
ESSENTIAL STEPS:
1. Appointment Scheduling
The first step in the revenue cycle management process is scheduling an appointment with the patient. This involves collecting their personal and medical information, such as name, date of birth, insurance details, and reason for the visit. The demand for virtual assistants continues to increase, and appointment scheduling is one area where virtual receptionists excel.
2. Patient Registration
After scheduling an appointment, the patient must complete registration forms that include their demographic and medical information. This data is used to verify eligibility and benefits, as well as to provide accurate billing.
Eligibility and Benefits Verification
To determine their payment responsibility, healthcare providers must verify patients’ insurance coverage and benefits. This involves checking the patient’s insurance plan for co-pays, deductibles, and other payment details.
4. Utilization Review
Utilization review ensures that healthcare services provided to patients are medically necessary and meet insurance coverage criteria. This review is conducted to prevent unnecessary treatments that may result in claim denials or non-payment.