The complexity of the medical billing process can be attributed to the serious nature of the healthcare business and its changing regulatory atmosphere. Our medical billing services streamlines and simplifies this process so that claims are raised and realized on time. We also specialize in the credentialing process which is a critical step in revenue cycle management. Any lag in registering the credentials of a physician with the payer’s network, translates to denials and loss of revenue. Rannsolve’s systematic credentialing process takes the burden off your shoulders and lets you focus on your practice.
For the billing and revenue management of your healthcare service to progress without a hitch, all the information related to your patient’s diagnosis and treatment must be documented in a universal medical code that is followed by the US healthcare industry. This coding process can be knowledge and time-intensive since there are thousands of conditions, drugs, and procedures. To add to the complexity, the regulations and coding standards keep changing. Rannsolve’s certified medical coders are proficient in CPT and HCPS (Level I and II) and ICD-10-CM coding systems and provide reliable and accurate services.
Managing your Account Receivables can be a daunting task because it involves the tricky aspect of calling your clients and doing regular follow-ups until the payments are received. We take on this challenge and perform it methodically and transparently so that your revenue flow is optimized. Another facet of the Revenue Management cycle that we excel at is managing your denials. Denials can be a drain on your time and resources. A simple mistake can cost you heavily. We leverage our expertise and experience to easily spot these mistakes and fix them quickly so that there is a significant reduction in denials.
When there is a serious illness or injury the treatment starts right when the emergency medical services team arrive in response to a distress call. They provide immediate and crucial medical care until the patient is taken to the hospital. Billing and receiving payments for these services involves navigating through an intricate process. It requires knowledge of HIPAA rules and their legal implications, Medicare updates, and medical transport protocols. Rannsolve’s EMS billing service teams are fully equipped to handle the pressure for speed and accuracy that this part of healthcare calls for.
We ensure that you have an uninterrupted cash-flow by boosting reimbursements. You can also improve your operational efficiency by saving on overhead costs. Needless to say, your bottom line gets a boost.
Our highly experienced billing professionals are specially trained to spot and rectify billing errors that can delay claims. The standardizations in our process imply accuracy and precision at all times.
We have made it our priority to constantly update our billing teams on changing HIPAA regulations and other norms in the healthcare industry. We go the extra mile to strengthen our client’s compliance efforts.
Working with Rannsolve has been a satisfying experience. Their RCM teams are highly skilled and easy to interact with. I especially appreciate their professional and thorough approach to the project. They don’t leave anything unattended for more than a day. Well, since it was my decision to choose them as our RCM partner, it adds to my credence as a good business decision maker.
After one year of working with you, I must say this: You have added great value to our services. Handling the Accounts receivable was getting too burdensome for us and that’s why we made the decision of outsourcing it to you. And we are glad we did because our Accounts receivable process is super-efficient now and revenues have increased by an impressive 14%. You have delivered the superlative results you promised.