Revenue Cycle Management (RCM) Outsourcing

Revenue cycle management is the financial circulatory system of your healthcare organization.

Healthcare providers must receive insurer and patient payments in a timely fashion to maintain profits. You must keep up with changing government regulations and insurer reimbursement policies and make sure that claims are filed and paid efficiently.

Revenue cycle management is the financial circulatory system of your healthcare organization.

Healthcare providers must receive insurer and patient payments in a timely fashion to maintain profits. You must keep up with changing government regulations and insurer reimbursement policies and make sure that claims are filed and paid efficiently.

Revenue cycle management (RCM) is also the combined administration of essential financial processes of a healthcare organization. The field is one of the core components of health information management (HIM), which also covers electronic health records (EHR) and patient privacy management methodologies.

To run a successful medical practice, healthcare providers must implement accurate and efficient billing processes. Establishing core accounting protocols is especially important as healthcare reimbursements shifts.

Invensis provides outsourced revenue cycle management services for hospitals, physicians and other healthcare practices in US healthcare to improve and manage their revenue cycle efficiently.

Revenue Cycle Management Services

We provide a wide range of revenue cycle management outsourcing services for various healthcare organizations

Medical Coding Services →

Medical Billing and Collection Services →

Charge Entry Services →

Medical Records Indexing Services →

Payment Posting Services →

Health Insurance Claims Processing Services →

Invensis is a HIPAA compliant revenue cycle management service company, serving US healthcare organizations since the year 2000.

ISO 27001 and ISO 9001 certified

In adherence with these standards, we offer a systematic approach which ensures the safety of patient information and maximizes the efficiency of our clients' operations.

A Certified team of RCM experts with years of domain experience in the US healthcare system are available 24x7 for you.

We Manage Your Key Revenue Drivers to Optimize your Revenue Cycle

Your revenue cycle covers all of the processes from when a patient first sets an appointment to when there is no longer a balance on that person's account, and it goes beyond merely tracking a claim. It comprises front-end office tasks, clinical care-related tasks, and back-end office tasks.

The following are some of the factors that have a direct impact on revenue in your medical practice:

  • Provider productivity
  • Patient volume
  • Fees for services
  • Insurance claims (from private and govt. payers)
  • Patient payments (deductibles, self pay)
  • Collections

Our Revenue Cycle Management Services comprises all healthcare functions that you can outsource to drive maximum revenue.

View all Revenue Cycle Management Services →

 Get a Qualified RCM Team

We provide a well-trained and experienced billing team, which is likely your practice's most significant indirect revenue driver.

Our Billers and coders are credentialed and certified from reputable professional associations like the Healthcare Billing Management Association, American Health Information Management Association, or the American Academy of Professional Coders.

We understand how to code for maximum income and billing best practises that can help you avoid an audit, as well as key industry developments (e.g., HIPAA updates, revisions from the ICD-9 to ICD-10 illness categorization series, etc.) that can impact your revenue and operations.

Furthermore, our accredited specialists employ sophisticated ideas that are likely to improve your cash flow, such as benchmarking techniques, evaluating remittance data to identify deviations from your payer contracts, and reverse-engineering payer rules.

 Outsourced Revenue Cycle Management Services with Health Information Technology

Our health information technology with electronic medical records can be used in the following areas to optimize your revenue cycle:

Front office

  • Automated patient reminders to reduce no-shows and help provider productivity.
  • Insurance eligibility is verified electronically to minimize billing delays and denials.
  • Ensuring credit card processing of co-pays, deductibles or co-insurance payments at the time of the office visit to increase the probability that you’ll collect more of a patient’s self-pay balance.

Patient visit

  • EMR software is used to document the details of a patient encounter and capture other relevant documentation that a biller would require to ensure reimbursement.
  • Ensuring charge capture functionality so that providers input the appropriate diagnosis and procedure codes at the time of visit to send to our billing team who can then easily review the clinical notes to be sure that all codes are accurate.

Medical Billing functions

  • Submitting electronic claims in real time directly to a clearinghouse
  • Tracking claim status
  • Automating payment posting to expedite the billing cycle.
  • Key reports on important insights on both a macro level (e.g. the profitability of your business), and a micro level (e.g. the profitability of a particular procedure), and help practices stay apprised of key RCM indicators.

View more Medical Billing Services →

Revenue Cycle Management Process

"Effective

End-to- End Revenue Cycle Management Services by Invensis

Front-End Revenue Cycle Management

  • Patient access
  • Scheduling
  • Data Integrity
  • Healthcare Information Management
  • Compliance

Middle Revenue Cycle Management

  • Charge Capture & Entry
  • Chargemaster (CDM)
  • Medical coding
  • Compliance with insurers

Back-End Revenue Cycle Management

  • Accounts Receivable
  • Denials Management
  • Payment collections
  • Regulatory compliance

We provide constantly evolving rcm outsourcing services in a rapidly changing healthcare industry.

Manage Your Medical Software

Get your medical billing software managed efficiently by our expert team to notify claim submission deadlines and billing procedures timely.

Reduce practice errors

Slight procedurals errors can cause denial in mediclaims. Our experienced team of medical coders, with the use of the latest medical coding and billing software can provide healthcare rcm services with 100% accuracy.

Manage claim denials

Medical claims are denied due to inefficiency in communication among different stakeholders. We can provide automated reports across different departments to effectively manage communication between medical billing staff, clinicians, insurance providers and patients.

What makes Invesis the best Revenue Cycle Management Services Company?

Invensis has achieved HIPAA compliance and is ISO 27001 certified. We ensure that stringent data security measures are in place for Protected Health Information, and all other confidential information related to your healthcare business.

As an ISO 9001 certified company, we follow the highest quality management standards and global best practices to ensure that the outputs generated for your business are accurate and within the specified deadline.

Our experienced professionals ensure that all processes are completed within the desired time so as to ensure that your revenue cycle remains productive and efficient.

We are able to undertake and execute any project as per your requirements. Invensis scales up the assigned resources as per your needs and specifications, thus enabling you to remain agile and competitive.

With Invensis support for all your revenue cycle management services needs, including medical billing, medical record indexing, medical data entry, medical customer service, receivables management, claims processing and more, your business will get a competitive edge in the dynamic business landscape.

Our skilled RCM professionals possess considerable expertise in the use of a wide variety of medical billing software ensuring that your work gets completed without any hassle.

We have served healthcare practices in the USA and other countries with RCM outsourcing services since the year 2000.

Revenue Cycle Management Services Case Studies

Recognized healthcare information provider in the U.K. partners with Invensis to enhance management of information assets Read Case Study →

Augmenting healthcare medical billing and insurance claim processing efficiency for rapidly growing U.S. based physical therapy provider Read Case Study →

Revenue Cycle Management Process Flow - image

Invensis - Your Partner to Achieve Business Transformation

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Value-added Consultation

Having 20+ years of experience and expertise in delivering global outsourcing services, we ensure that our value added consultations provides the right answers to your business challenge.

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Business Continuity Planning

We have extensive industry knowledge, resources, skilled personnel, systems, plans and processes in place that ensure business continuity even during emergency situations.

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End to End Customized Services

Invensis provides end-to-end customized services across major business functions and industry verticals ensuring on-time fulfilment of tasks.

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Scalable and On-Time Delivery

Invensis possesses deep seated capabilities to scale up services in accordance with changing requirements, ensuring the continuity and on-time completion of your project.

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We enable businesses to achieve accelerated growth

Take a up-close, in-depth look at our case studies

Inefficient business operations consume operating costs. Hence, there is a requisite for a business process optimization partner who can not only drive your revenue growth but also enhance your business process management to provide end-to-end, scalable and result-oriented solutions.

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