Services > Revenue Cycle Management
Optimize Your Revenue Cycle for Maximum Profitability
Revenue Cycle Management
Accredited Billing and Consulting: Ensures Seamless Financial Operations.
Efficient Revenue Cycle Management (RCM) is the backbone of a financially successful medical practice. Accredited Billing & Consulting offers end-to-end RCM services for physicians, specialty clinics, and healthcare providers. Our HIPAA-compliant solutions optimize revenue cycle processes, reduce claim denials, and ensure timely insurance reimbursements. With personal assistance, certified medical coders, and expert credentialing services, Accredited Billing & Consulting can help streamline your billing operations so you can focus on patient care.
Why Revenue Cycle Management is Important
An optimized revenue cycle management (RCM) strategy guarantees the financial stability of your practice. By reducing delays, improving ICD-10 coding accuracy, and streamlining billing processes, we can achieve consistent and predictable insurance reimbursements and revenue growth.
Key Challenges in Revenue Cycle Management
High Claim Denial Rates
Frequent denials disrupt cash flow. Our team analyzes denial patterns, improves ICD-10 coding accuracy, and develops action plans to keep the denials low while increasing approvals of your insurance claims.
Ineffective Claim Processing
Errors in claims submission and tracking lead to delays and lost revenue. We ensure accurate, ICD-10-compliant claim filing to reduce denials and avoid repetitive claim rejections.
Delayed Reimbursements
Slow payments can hinder operations. We streamline the billing process with ICD-10-compliant coding and adequately track the faster insurance claim process to improve reimbursements from payers and speed up cash flow.
Lack of Transparency & Reporting
Without detailed financial insights, practices struggle to identify revenue leaks. Our reporting and audit support provides practices with real-time metrics analysis and reports that can support optimal financial performance and improve revenue cycle management.
Complete Revenue Management Services
Patient Registration & Insurance Verification
With accurate patient data entry and verified insurance, there will be reduced rejections of claims. We verify coverage, copays, and deductibles up front.
Medical Coding & Charge Entry
Our certified coders ensure compliance with industry benchmarks (ICD-10, CPT, HCPCS) to optimize claim accuracy and reimbursement rates.
Claim Submission & Management
We submit claims electronically or via paper when required; accurate claim submission with the proper formatting and payer requirements is ensured.
Payment Posting & Reconciliation
We accurately post payments and reconcile accounts so that all responsible parties – payers & patients – align as expected and are tracked.
Denial Management & Appeals
Our team proactively addresses denials, corrects errors, and resubmits claims to maximize revenue recovery.
Accounts Receivable (AR) Follow-Up
We uncompromisingly follow up on unpaid claims, negotiating with payers to secure maximum reimbursements.
Compliance & Regulatory Support
We ensure compliance with HIPAA, Medicare, and other payer-specific guidelines to keep your practice compliant and risk-free.
Financial Reporting & Analytics
With real-time analytics, we help identify revenue trends, highlight inefficiencies, and optimize financial performance.
Why Choose Accredited Billing and Consulting?
Experienced Billing Specialists
Our team has extensive expertise in medical billing and revenue cycle Management
Cutting-Edge Technology
We use advanced Medical billing software and AI-driven tools to enhance accuracy and efficiency
Customized Solutions
Our services are tailored to meet the unique needs of your practice and specialty
Transparency & Compliance
We provide clear financial reports and strictly adhere to industry regulations
Dedicated Support
Our specialists offer personalized assistance, ensuring a smooth and successful revenue cycle Management
Frequently Asked Questions
Efficient RCM is crucial for maintaining financial stability and consistent revenue growth. It minimizes delays, improves claim accuracy, and streamlines operations, allowing your practice to focus on patient care while ensuring timely reimbursements and minimizing claim denials.
Accredited Billing and Consulting analyzes claim denial patterns and implements corrective actions to minimize denials. Their team ensures accurate and timely claim submission, increasing approval rates and reducing disruptions to your practice's cash flow.
The company streamlines the billing process to expedite reimbursements from payers. They handle everything from accurate claim submissions and payment posting to aggressive follow-up on unpaid claims, ensuring that your practice receives its reimbursements as quickly as possible.
They ensure full compliance with industry standards, including HIPAA, Medicare, and payer-specific guidelines. Their services help mitigate risks by keeping your practice compliant with all regulatory requirements, reducing the risk of penalties or audit issues.