Why Is Revenue Cycle Outsourcing Important In Healthcare? - PowerPoint PPT Presentation

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Why Is Revenue Cycle Outsourcing Important In Healthcare?

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Revenue Cycle Outsourcing ensures steady revenue cycle for your practice by focusing on collecting and verifying all details of patient enrollment. – PowerPoint PPT presentation

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Date added: 21 July 2022
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Title: Why Is Revenue Cycle Outsourcing Important In Healthcare?


1
Why is Revenue Cycle Outsourcing Important in
Healthcare?
www.ecareindia.com
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(No Transcript)
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Revenue Cycle Management
  • Revenue Cycle Management is the backbone of
    healthcare driving the Medical Billing Company,
    Physician Practices, Hospitals, and Medical
    groups financially successful even during the
    dire straits.
  • The importance and benefits of Revenue Cycle
    Outsourcing or Offshoring are multifarious and
    cannot be contained or limited to certain points
    of discussion, however, listed below are a few
    primary reasons to answer the question of why
    Revenue Cycle Outsourcing is Important in
    Healthcare?

www.ecareindia.com
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  • Eliminate Administrative Burden
  • Increase Healthcare ROI and Profitability
  • Optimize the Financial health of the Medical
    Billing Company.
  • Achieve expected business growth and development
    within the targeted timeframe
  • Efficient Staff Management covering all aspects
    like hiring, training, absenteeism and absconding
    related issues and responsible for continuous
    process flow at any given situation.

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  • Experienced team of billers and coders
  • Quality work with reduced claim denials and an
    increased higher first-pass rate.
  • Streamlines work process and strategical approach
    to meticulous details.
  • Further to the above-listed advantages of Revenue
    Cycle Outsourcing, there is a myriad of
    qualifying benefits that makes it not only
    important but also an inevitable part in U.S
    healthcare.

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Outsourcing Revenue Cycle Management
  • Outsourcing Revenue Cycle Management has been a
    boon during the COVID19 and global pandemic.
    Healthcare firms and Medical Billing Companies in
    the U.S choose outsourcing and offshoring over
    in-house billing to sustain the drastic effects
    of inadequate staffing, ongoing changes and
    update, and an abrupt increase in the
    telemedicine process with related changes
    in Medical Billing and Coding guidelines,
    protocols and regulation.

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  • These situations had brought Medical Billing
    companies to a blind alley, Providentially
    with Revenue Cycle Outsourcing Services, U.S
    healthcare has not only sustained but according
    to the Market Analysis Reports published in April
    2022 Revenue Cycle Management grew at the rate
    of 17.2 from the year 2019 to 2020 and the
    market post COVID outlook is estimated to witness
    approx. 10 -11 growth year on year until the
    next five years.
  • Source https//www.grandviewresearch.com/indust
    ry-analysis/us-revenue-cycle-management-rcm-market

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  • The increase in financial growth and
    profitability along with increased quality
    services and stress-free medical billing
    experience is the reason why many have opted out
    for Revenue Cycle Outsourcing. With Offshore
    Revenue Cycle Management Services, billing
    companies are entitled for
  • Time Advantage of 9-12 hours Offshore
    Outsourcing guarantees the Billing companies with
    the benefits of time advantage by having all the
    claims data entry-related activities processed by
    their night hours, thereby speed up the process
    and cash flow.

www.ecareindia.com
9
  • Specialty Based Expertise An established Revenue
    Cycle Management Partner does not only cover
    end-to-end scopes of services but also pitches in
    with their unlimited support with any new medical
    specialty or understanding the nuances of a
    certain complex specialty in Medical Billing.

www.ecareindia.com
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  • Software Expertise With experience handling
    various clients across the US with different
    medical billing software for claims processing
    day in and out, the team is efficient and adept
    in handling or taking over any Practice
    Management System or EMR in the market and can
    kick start the billing process with standard
    quality percentage.

www.ecareindia.com
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  • Physician Credentialing Apart from the RCM scope
    of Services, an offshore-based Medical Billing
    Company can also support with Physician
    Credentialing, Provider Enrollment and
    Re-credentialing requirements of the physician
    and Billing Companies to help keep them up to
    date with their credentials and CAQH profile.

www.ecareindia.com
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About US
ecare india is a 21-year-old Medical Billing
Company providing complete Revenue Cycle
Management services across the U.S. Fully
compliant with HIPAA compliance certification and
internal security policies to protect information
confidentiality and PHI, e-care guarantees
cost-effective Medical Billing Services with
Increased ROI.
www.ecareindia.com
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Contact us
To know more about ecare call 1-813-666-0028
log on to www.ecareindia.com
www.ecareindia.com
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Thank You
www.ecareindia.com
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