Med Trust RCM Solution Revenue Service generates and collects payments for the services a provider offers to their patients. It’s a complete RCM solution, managing end-to-end operations like patient registration, insurance verification, coding, billing, and collections. Our RCM billing company optimizes the revenue cycle for better financial outcomes for the physician’s medical center.
Managing a medical practice’s finances is complex. Between evolving regulations, strict insurance policies, and patients with expectations higher than Mt. Everest – it’s a recipe for revenue leakage, cash flow disaster, and operational chaos.
Luckily, the medical revenue cycle management (RCM) experts at Med Trust RCM Solution can restore your practice to full financial health. Our certified coders ensure accurate billing and coding to stop revenue leakage. Our enrollment specialists secure contracts with top commercial payers to expand your patient pool. And our billing experts work diligently to collect every dollar your practice earns.
So don’t let medical finances frustrate you. Med Trust RCM Solution Revenue Service has the cure for what ails your practice’s finances. Call today to experience how we align a provider’s whole revenue cycle process to maximize collections while delighting patients.
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Our unique approach to medical billing is how Med Trust RCM Solution RCM Service delivers measurable improvements to the revenue cycle process. The SmartClaim system we developed in-house analyzes billing codes and clinical documentation to catch issues before claim submission. This technology achieves first-time acceptance rates upwards of 98%, putting money back in our providers’ pockets faster.
Med Trust RCM Solution medical revenue service enhances revenue cycles through expert medical coding. Our acclaimed ProCoding technology reviews medical charts and identifies high-value codes. Our coders, armed with CPC certifications, then examine each chart to uncover revenue opportunities that algorithms might miss. Through this man-machine symbiosis, Pro Health Medical Billing delivers an RCM solution that promises increased revenue for your healthcare facility.
Our audit specialists utilize the Med Trust RCM Solution Revenue Integrity process to analyze your current revenue cycle, uncovering where coding and billing improvements will have the greatest impact. Our billing consultants then design targeted solutions to address these issues. We treat your revenue cycle as a whole and prescribe the best healthcare revenue cycle management remedies to strengthen it.
| In-House Billing | Med Trust RCM Solution RCM | Results | |
|---|---|---|---|
|
Charges (on average)
|
$142,000.00 |
$142,000.00
|
|
|
Gross Collection Rate (GCR)
|
$60,000 (42%)
|
$77,000 (54%)
|
12%
Increase in Gross Collection Rate |
|
Billing Costs
|
$6,000
|
$4,000
|
$2,000
Decrease in monthly cost of RCM service |
We charge for our RCM services based on a percentage of your collections. This means that you only pay us when you get paid by the payers and patients. We do not charge any upfront fees, hidden fees, or long-term contracts. We believe that this pricing model is fair and transparent, and it aligns our interests with yours.
We measure and improve our RCM performance using various metrics and indicators, such as:
Days in accounts receivable (DAR): the average number of days it takes to collect the payments from the payers and patients
Claim acceptance rate: the percentage of claims that are accepted by the payers without any errors or rejections
Denial rate: the percentage of claims that are denied by the payers for various reasons
Collection rate: the percentage of the total amount billed that is collected from the payers and patients
Net collection ratio (NCR): the percentage of the total amount allowed by the payers that is collected from the payers and patients
Our medical billing company has the expertise, technology, and resources to handle all aspects of your RCM process. We can help you with:
