The Hospital Revenue Cycle Management is a complex network of administrative and operational processes that are required to capture, manage and collect money for medical services rendered to patients. With changing regulations evolving technologies, and rising consumerism, there are growing challenges in the healthcare revenue cycle management landscape.
As per National health insurer report, around 20% of the claims paid are incorrect and the healthcare organizations have to bear a loss of 4%-12% of their total entitled money
American Medical Association (AMA) states that up to 10% claims are not paid accurately
SolvEdge uses our industry expertise and best practices to help hospitals handle the complexities of the Revenue cycle scenario. We have developed end-to-end revenue cycle management solutions to help you improve efficiencies and accelerate your net patient revenues. Our comprehensive suite of revenue cycle management services helps hospitals:
Minimize denials and underpayments
Manage claims and remittances
Improve patient access and eligibility verification
Improve collection of patient payments
Improve medical coding accuracy and mitigate regulatory risk
Manage daily revenue cycle and business operations effectively, and more
See why more than 350 hospitals count on SolvEdge to transform their bottom line.