drchrono has announced some interesting new features and services to its Revenue Cycle Management (RCM) offering.
Their updated Revenue Cycle Management software module offers physicians and medical practices the opportunity to outsource all their medical billing, insurance processing and other activities to the drchrono’s Revenue Cycle Management team. Benefits for doing this can include increased cash collection, improved payor performance, fewer days in accounts receivable, less denials and a reduction in rejected claims. In addition, physicians get a dedicated drchrono medical billing team that will manage the billing workload, provide weekly reports, analysis, business intelligence insight and support calls.
In addition, physicians get a dedicated drchrono medical billing team that will manage the billing workload, provide weekly reports, analysis, business intelligence insight and support calls. drchrono’s RCM module is currently producing stellar results for medical practices and physicians with an average increase in collections in the range of 15% to 25% with over 30% in cost savings.
According to the company, practice owners can access the general medical billing features, like the Live Claims Feed, providing real-time claims insights and Patient Payments to charge credit cards and track payments. Business Intelligence is available to analyze data like reimbursements, patient scheduling, payout times, code analysis and appointment analysis. With the new RCM offering, physicians get a higher level of service with dedicated billing team support, also getting modern RCM software.
“We believe in one unified platform that includes EHR, practice management, a modern restful medical API and now the cost saving functionality of RCM,” said Daniel Kivatinos, co-founder and COO, drchrono. “Our RCM offering is part of drchrono’s promise to continually provide our customers with industry leading technology for their practice. The goal of the dedicated RCM team and platform module enhancement is to enable physicians to do what is most important, focusing on patients and now also get paid the maximum claim amount that they’re entitled to receive.”
Brooke Gum a medical provider in Washington said, “I signed up for drchrono’s RCM plan upon opening my private practice, which has been a great business decision. The cost [Read more…]