Consultancy
How it works?
Physicians across the nation have been struggling to find a professional who can relieve them of their administrative chores so that they can face the challenges of providing quality healthcare. Most physicians would rather have a specialist take care of the reimbursement process and maximize their revenue, but they are tirelessly looking for the rest to manage their revenue cycle.
Medical Consulting Services
MBC provides fully customized consulting services to healthcare providers regarding program expertise, analytical services, and revenue cycle management, no matter the size of your operation.
Healthcare is a dynamic industry that has recently been revolutionized by far-reaching changes enabled by IT. Numerous updates on government regulations impact everyday healthcare processes and decisions for patients, physicians, and insurers alike, and it takes an expert to evaluate and determine their potential effects on each at the micro and macro levels.
Why do you require expert consultancy services?
As the industry attempts to realign the relationship between key stakeholders in the healthcare scheme by removing the lacunae and ambiguities, healthcare providers at all levels will likely need professional support to meet these transformational changes. Consuming nearly 16% of the national GDP, healthcare is an important sector to consider for revenue generation optimization. With community hospitals running into losses and rural healthcare struggling with unattractive remuneration, there is an urgent need for expert professional consultation to stimulate the industry.
The Payers' propensity to deny claims at the slightest opportunity further complicates the issue and makes it imperative to utilize professional support for proactive revenue cycle management.
MBC understands the rapidly transforming healthcare scenario and provides end-to-end solutions for implementing your strategic, operational, and financial objectives.
Assuring regulatory compliance
How do MBC consultancy services provide you an edge over your competitors? We offer our skills and experience in the healthcare industry to ensure you can cope with its sweeping innovations and prepare for the broad spectrum of healthcare compliances and accreditations.
The changing face of healthcare services has introduced the latest compliances, such as HIPAA 5010, ICD10, PQRI (Physician Quality Reporting Initiative ), CPOE (Computerized Physician Order Entry), HIE (Health Information Exchange), and the latest EHR updates, which we can help implement and integrate into your system with minimum hiccups during the transition process. However, adopting these compliances with a reluctant team can be difficult. Your system may require a knowledgeable motivator expert in revenue cycle management.
We support our consultancy services by providing billing and coding experts certified by AAPC, experienced, tech-savvy, and have a track record of providing error-free and denial-free services across all medical specialties. These billing and coding experts consistently upgrade and adapt their professional knowledge to provide a proactive approach and optimum skill set to ensure a healthy revenue return for individual physicians, multispecialty groups, hospitals, and diagnostic centers nationwide. With their vast hands-on experience on innumerable projects across different states and updated knowledge of healthcare regulations, they bring many value-added services.
We also focus on establishing interoperability, privacy, data protection, and backup norms, which are part of the transformation geared toward improving patient outcomes.
We provide seamlessly integrated complete EMR Solutions through its various stages of implementation to effectively reduce medical errors in routine operations and improve the quality and efficiency of patient care.
How can you optimize your returns with our Revenue Cycle Management Solutions?
MBC can assist you in a thorough scrutiny of your revenue cycle, assess areas of deficiencies, and make recommendations for potential improvement after analyzing your situation.
Our revenue cycle management experts can identify and expose the revenue leakages and inefficiencies by a multi-pronged analysis of areas such as
- Training needs
- Workforce Optimization
- Software inadequacies
- Outdated processes
These common issues often result in registration errors, no pre-verification of insurance coverage, and an absence of an effective collection policy for insurance deductibles and co-pays.
Similarly, analyzing Account Receivables reports with in-depth research of payer-wise, patient-wise, and service-wise receivables helps establish blockages in cash flows, which can then be resolved easily.
The ability to avoid RAC audits and the importance of timely refunds to Medicare when there has been an overpayment invariably require the attention of a specialist. Our consultants in your office are responsible for pointing out these technicalities and helping your team implement them in their daily practices.
Our experienced Revenue cycle management consultants boost your revenues, improve your staff performance, and streamline your existing processes and interoperability with new systems. We provide customized consulting services with detailed analysis and documentation of all relevant revenue cycle processes, including issues relating to compliance with HIPAA privacy regulations.
Real Physicians, Real Results
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