How to Select a Revenue Cycle Management Partner
Medical Practices and Centers are reducing costs and increasing collections with a concept called Revenue Cycle Management (RCM). If you don’t know how RCM differs from an old-fashioned billing service, or how to correctly select an RCM partner, STI offers a FREE RCM Buyers Guide.
The keys to the success of this approach are:
- The sharing of ChartMaker Go’s cloud-based software technology (included at no charge if you qualify) by your staff and STI in a cooperative manner.
- The division of specialized and knowledgeable labor to ensure revenue is not lost but charges are processed correctly and that your payments are not being reduced because you are not following carrier compliance requirements.
- An organized billing and collection organization with the knowledge of regulations that can positively or negatively affect your compensation and financial software to improve and monitor your collections.
STI offers a free 20-page buyers guide to explain RCM and help you select the proper RCM partner. To get your free copy click below.
