Invest in Healthcare Business Services

Revenue cycle compliance is a constant issue that carries significant risk and requires commitment to remain compliant. Penalties for non-compliance can be severe. Below is a list of considerations: 

• Efficient, secure, and accessible communications for patients surrounding their billing
• Proper billing management along with denials, refunds, and duplicate claims submissions.
• Accurate coding and documentation for medical necessity, patient documentation, etc.

The RCM industry is based on the accuracy and efficiency of the documentation of patient care. Medical codes document what ranges between medical visits to how a healthcare provider gets paid. Coding errors can become very costly if unregulated. HBR offers:

• Top quality medical coding solutions, reviews, and cuts
• Proprietary software to manage medical coding and related data entry tasks for providers
• Process audits to help providers analyze their existing systems and processes before implementing new structure

Healthcare businesses tend to leak capital due to late bills, contractual misinterpretations, and inaccurate data collection. HBR reduces costs of bill collection using its comprehensive software and proprietary AI, which can quantifiably measure weak links in the revenue cycle.

Revenue Cycle Management (RCM) is a financial process that healthcare providers use to track and organize all aspects of patient care ranging from registration, appointment scheduling, and bill collection. HBR increases revenue by the following: 

• Best-in-class proprietary software to automate tasks and classifying data.
• Optimized communication between patients, physicians, insurance companies, and healthcare offices.
• Leverage exclusive connections in the Healthcare Business Services portfolio of companies.