REVENUE CYCLE MANAGEMENT
The Healthcare Financial Management Association (HFMA) defines revenue cycle management as "All administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue."
We believe when processes are executed correctly, the cycle performs predictably. The further an error travels through the revenue cycle, the more costly revenue recovery becomes.
Unfortunately, many physicians and healthcare facilities do not understand ERISA, how plans are funded, fee schedules are set, or how to incorporate proper systems to be able to collect the revenue. We believe all clients should keep billing in-house. It's more cost effective. We simply acts as a secondary measure to assist where needed.