Save on Operational Costs by Outsourcing Revenue Cycle Management Services to India

Hospitals, physicians and other healthcare service providers often lose up to three percent of their annual net revenue due to an inadequate revenue cycle process. In the present financial situation, healthcare organizations often find that traditional efforts to reduce expenses are not enough to sustain a good profit margin. By outsourcing your revenue cycle management services to India, the entire revenue cycle right from a patient’s admission to the hospital, treatment and discharge to post discharge claims and accounts settling is efficiently handled so as to improve access management, accelerate cash collections and advance payer performance.

Indian outsourcing companies offer specialized revenue cycle management services with innovative tools that allow you to constantly monitor revenue cycle services and activities relative to claims, denials and underpayments. The revenue cycle processes that can be outsourced include:

• Pre-Registration Processes
• Registration and Patient Access
• Eligibility and Patient Services
• Supply Chain and Pharmacy Management
• Clinical Documentation
• Coding Management
• Medical Billing
• Physician Management
• Component Specialty Billing
• AR/ Denial Management
• Complete Patient Financial Management
• Follow-up for Outstanding Payments
• Accounts Receivables

Service providers employ qualified and dedicated employees who are well experienced in handling both large and small accounts across multiple specialties. With the added advantage of a 24 hour turnaround time, clients can see a marked improvement in the collection ratio and an increase in the probability of payment. Outsourcing revenue cycle services to India also has many other benefits which include:

• Savings of up to 50% on operational costs
• Increased productivity
• Efficient pre-authorization, eligibility verification and medical necessity processes
• Optimization of claims management and collections
• Early identification of potential claims issues
• Rapid claims denial review and denial prevention
• HIPAA compliant proven processes
• Usage of state-of-the art software and infrastructure
• 24/7 service and support

Healthcare organizations outsourcing revenue cycle management services to India gain a value-added support service that aims at achieving an increase in revenue along with complete patient and physician satisfaction.