Innovative Revenue Cycle Management Solutions for Cardiology Practices
Throughout the spectrum of healthcare, providers are impacted by increasing governmental regulations, insurance
payer changes, and transitioning patient expectations. With cardiology, the RCM process points to five areas where significant revenue is at risk when not performed efficiently including, 1) coding, 2) billing, 3) AR management, 4) bad debt/collections, and 5) insurance discovery. While a cardiology practice may opt to handle these functions in-house with a mix of automated and manual systems, we outline a far superior structure that brings experienced coding and billing specialists, supported in some cases by AI and machine learning software, as a comprehensive solution to today’s RCM process.