New model helps clinics eliminate in-house RCM staffing issues and gain total transparency into performance challenges
(Little Rock, Arkansas — November 29, 2018) — MedEvolve, Inc., a national provider of practice management (PM), revenue cycle management (RCM), patient engagement and analytics software and services for physician practices, has announced that its industry leading Revenue Cycle Management (RCM) services and advanced analytics are now available on an introductory month-to-month basis.
With this offering, MedEvolve provides unprecedented flexibility to medical groups seeking an affordable, no-strings-attached RCM solution – removing common concerns with in-house RCM staffing or long-term vendor contracts. The solution includes financial and operational analytics for total transparency at equal or less cost than what practices are currently paying.
“Practices are tired of dealing with HR headaches and staffing issues that arise from managing their revenue cycles in-house. On the other end, practices that outsource fear lengthy contracts paired with poor performance and lack of transparency,” says Matt Seefeld, Executive Vice President, MedEvolve. “We want to empower healthcare organizations to ‘test drive’ a new approach that can dramatically improve their bottom line, provide total visibility into their revenue cycle, reduce operational cost and increase patient revenue.”
Additionally, by offering revenue cycle services on an initial month-to-month basis, MedEvolve is supporting practices that struggle with ongoing RCM staffing issues, including finding and retaining qualified employees, turnover, training and having the flexibility to adjust staffing based on revenue-cycle fluctuations. MedEvolve also hopes this unusual approach will relieve any stress a medical practice may have around outsourcing RCM by eliminating the pressure to sign multi-year contracts upfront with a vendor without proof of concept.
Another innovative feature of the month-to-month RCM Program is analytics-as-a-service. By leveraging financial and operational analytics, the company provides total insight into the practice’s financial and operational performance. This enables the practice to make the necessary adjustments to improve and expedite cash flow.
“MedEvolve’s flexible platform helped us to completely redesign our revenue cycle processes around our real-life challenges and their team continues to add value each month we work together,” says Dr. William Todd Smith of Starkville Orthopedic Clinic in Starkville, MS. “We’re no longer struggling to keep up with evolving payer trends and finally have full transparency into our cash flow, patient payments, productivity, A/R and more – it’s been a while since I’ve been able to say that.”
MedEvolve’s data-driven RCM services include the full scope of features and applications necessary to identify and resolve billing issues, speed up claims processing and reduce bad debt for all types of physician practices, ambulatory surgery centers and urgent cares nationwide. For practices that still want to keep billing in-house, the company can assist on a project basis with tasks such as aging account receivable follow-up and patient collections. MedEvolve’s industry leading solutions rely on advanced machine learning algorithms, which extract valuable financial data and identify payment trends that can be leveraged to improve revenue and operational performance.
To learn how MedEvolve can help your practice eliminate staffing challenges and leverage data to improve efficiency visit www.medevolve.com.
MedEvolve enables physician practices to work faster and more accurately through Practice Management (PM) and Revenue Cycle Management (RCM) software and services that result in quicker payment processes and improved patient and staff experiences. Additionally, with MedEvolve Practice Analytics, specialty practices gain a new level of insight that helps them identify problem areas and resolve issues quickly to improve financial, operational and clinical performance. Our unique consultative approach ensures our solutions fit with our clients’ existing processes, so they begin to see positive results from day one. Visit www.medevolve.com to learn more.
Ashley Moore Deitsch