As costs of running a medical practice continue to increase, there is growing focus on running the practice more efficiently and lowering costs where possible. With a modern revenue cycle management solution such as McKesson RCM, medical practices can improve their collections and stay viable. A new...
As costs of running a medical practice continue to increase, there is growing focus on running the practice more efficiently and lowering costs where possible. With a modern revenue cycle management solution such as McKesson RCM, medical practices can improve their collections and stay viable. A new trend is not only checking the eligibility of patients, but also ensuring that the ailment they report and the procedure they want is covered under medical necessity. McKesson RCM ensures that these important parameters are checked before the patient registers, thereby starting the billing process on the right foot.
McKesson RCM not only checks eligibility during the registration process, it also assesses payment risks and schedules the resources that are required to be used before the patient arrives to keep her appointment. This ensures that physicians and hospital administrative staff are aware in advance of the likely claim situation arising out of that particular patient encounter and can authorize the resources and the services to be provided.
As in many other areas of life, patients are looking for a number of self-service solutions and options to speed up their visit and give them a greater degree of control. McKesson understands this and gives patients access to kiosks and a self-service portal they can access remotely from home. Patients can make appointments, download statements and pay electronically from remote locations. This improves patient satisfaction and reduces the load on administrative staff.
As expected, the solution handles all aspects of the revenue cycle. Besides the usual features, users have access to very detailed analytics to show exactly where they have the potential to be more efficient. Monitoring of payer contracts is easy with the help of these reports and tools, and the eventual outcome is accelerated collections and improved bottom lines.
Medical practices have realized that simply being good medical practitioners is not good enough. The practice has to be run like any other efficient business. McKesson RCM gives them the tools to do just that.
- Medical Billing Codes
- Supported Devices
- User Authentication
- Document Management
- Billing Features
- System Compliance
- Support Features
- Integrated software suite
- HIPAA Compliance
- Scheduling Features
- Claim Management Features
- Targeted Users
- Service Terms Offered
- Patient Management Features
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