Technology and Business Services for Healthcare
Physician Practices Upas And MSos Hospitals And Health Systems
 

Revenue Cycle Management

Managing the revenue cycle in today’s dynamic healthcare environment is a monumental task. With coding, billing and compliance rules growing more complex each quarter, physician practices turn to CHMB to stay ahead of regulations, policies, issues and technology.

 

Our RCM expertise is well established: We serve more than 1,800 physicians in 220 practices encompassing 40 medical specialties – processing 2.2 million claims that represent $562 million in charges and $260 million payments annually. This level of performance earned CHMB inclusion as an HBMA Top 25 Revenue Cycle Management company.

 

Key RCM related services offered through CHMB are:

 

  • Medical billing
  • Practice management
  • Data entry
  • Credentialing
  • Certified coding
  • Payment posting
  • Patient calls and statements
  • Denial management and appeals
  • Compliance and HIPAA assessment
  • Auditing
  • Business reporting and analytics
  • Decision support

 

 

Drawing up its decades of experience, CHMB also shares its knowledgebase and best practices with clients via its consulting arm. In addition to RCM optimization, we offer expert consulting services in:

  • Staff recruitment and retention;
  • Payer contracting; and
  • Practice formation, assessment and valuation.

 

By combining highly trained and professional staff with advanced RCM technologies, CHMB delivers value and results:

  • Increased revenue and accelerated cash flow due to fewer denials and claim resubmissions, improved collections, faster payments, and fewer days in A/R.
  • Enhanced efficiency achieved through streamlined administrative processes, improved utilization of staff resources and automated workflow tasking, customized to each practice’s preferences.
  • Greater return on investment thanks to reductions in bad debt and administrative costs, which makes capital available to fund practice initiatives and prepare for future needs.
  • Improved compliance – and corresponding risk mitigation – with changes in coding, regulations and payer guidelines.
  • Empowered clinical management with services that enable the practice to focus on patient care.
  • Superior clinical and business intelligence driven by real-time, comprehensive productivity and financial reporting that support evaluate performance assessment.