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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...

Overview

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.

Details

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.

Packages

McKesson RCM

  • Medical Billing Codes
    • ICD-9
    • ICD-10
    • CPT-4
    • NDC Drug Codes
    • Automatic Codes Updates
    • ASA Codes
  • Supported Devices
    • Desktop
    • iPad
    • Tablet
  • User Authentication
    • Manage access permissions
    • User authentification
    • Role-based access
  • Document Management
    • Medical Record Management
    • EHR/EMR Integration
    • Patient Statements
    • Patient Invoices
    • Consultation Report Integration
    • Lab Reports
  • Billing Features
    • Ambulatory Payment Classification (APC)
    • Explanation of Benefits (EOB)
    • Electronic Remittance Advice (ERAs)
    • Online Bill Payment
    • Batch-process Patient Billing
    • Credit Card Processing
    • Collection Letters
    • Customizable Fee Schedules
    • EDI Rules Manager
    • Payment Reminders
    • Billing Estimates
    • Automatic Payment Posting
    • Applied to Deductible (ATD)
  • Specialties
    • Family Medicine
    • Hospital
  • System Compliance
    • Office of Inspector General (OIG) Compliance
  • Support Features
    • FAQs Section
    • Tutorials
    • Telephone Support
    • Email Support
    • 24/7 Support
    • Online Chat
    • Forum
    • In-Person Training
    • Knowledge Base
  • Integrated software suite
    • EMR/EHR
    • Medical practice management
  • Reporting
    • A/R Reports
    • Revenue Reports
    • Payer Performance Reports
    • First-Pass Resolution Rate Report
    • Financial Reports
    • Payments Reporting
  • Certifications
    • ONC-ATCB
    • CCHIT
    • EHNAC Accredited
  • HIPAA Compliance
    • Yes
  • Scheduling Features
    • Notes
    • Intelligent Waitlists
    • Multi-Resource Scheduling
    • Online Patient Scheduling
    • Physician Scheduling
    • Staff Scheduling
    • On-Call Scheduling
    • Facility Scheduling
    • Drag & Drop Scheduling
    • Appointment Management
    • Recurring Appointments
    • Appointment Reminders
  • Claim Management Features
    • Preferred Clearinghouse
    • Electronic Claim Submission
    • Paper Claim Submission
    • Claim Scrubbing
    • Claim Processing
    • Batch Claim Processing
    • Insurance Eligibility Verification
    • Denied Claims Management
    • Claim Status Tracking
  • Targeted Users
    • Medicaid Waiver Providers
    • Medical Billing Centers
    • Outsourced Billing Services
    • Primary care (MDs, DOs)
    • Specialists (DC, OD, PT, PhD, LCSW, etc)
    • Inpatient care organizations (hospitals, etc)
    • Single office
    • Multiple offices
    • Outpatient care providers
    • Substance Abuse Agencies
  • Service Terms Offered
    • Reduced Price for Multiple Users
    • Month-to-Month Option
    • Customizable Plans
  • Patient Management Features
    • Patient Portal
    • e-Prescribing and Refills
    • Lab Orders & Results
    • Patient Medical History
    • Coverage Verification
    • Patient Payment History

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