Get Professional Revenue Cycle Management Services At Panda Infosoft

The Healthcare industry is unquestionably one of the fastest-growing industries in the world. So, if you want to stay ahead in the competition, you must have to meet industry’s emerging standards.. In this ever-emerging world, demands are unpredictable. Whether you need to improve your digital presence or medical billing outsourcing services, investment in the IT department never fails to boost the business and its favorable outcomes.

If you are running a medical practice, looking forward to better business outcomes, you must partner with a professional IT company that you can trust for streamlining your practice’s revenue. Revenue cycle management is the backbone of the healthcare industry. It manages the overall finance of the organization and keeps them going on a daily basis. Several organizations are involved in the process but offering revenue cycle management services is a responsible task and needs to be done with careful and utmost perfection. 

Industry expertise and years of practice come together to provide the best-in-class medical billing and coding services. Here at Panda Infosoft, you get an opportunity to leverage our experience in complete revenue cycle management. Right from patient credentialing to medical billing & coding to denial management, an effective RCM service takes care of your medical practice’s finances. It works at the functional core of the organization, whether it is a small business or large enterprise. 

Being a leading revenue cycle management firm in USA, we offer comprehensive services under-one-roof to reduce the overheads of the organization and improve business profitability. We understand that the revenue cycle management process is the sole strongest department that motivates the entire organization, including doctors and the patients. Therefore, if there are loopholes in the accounts, they will directly affect the income and infrastructure of the organization, be it small or large. 

To provide end to end medical billing, we follow a genuine RCM process. Here is how we help our customers with comprehensive medical billing services in USA to boost their profitability and reduce operational costs.   

Revenue Cycle Management Process Followed By Panda Infosoft

While there is no replacement for high-quality care, there is no denying the importance of following the over-the-top RCM process as equal. We follow a proven process to provide flawless revenue cycle management services, rather than giving knee-jerk decisions. 

• Patient Pre-certification

We start with the pre-certification of the patient. In this step, the physician's office checks the patient's condition whether medication is necessary or not. Based on the decision, the insurance company will reimburse for the services.   

• Insurance Eligibility and Verification

In this step, our expert double-checks the patient's details to ensure the services are given to the right person so that it won’t affect RCM. 

• Charge & Code

When the patient enters the healthcare center, the visit transforms into a set of codes. At that time, there are more chances of errors in these codes. Our professional medical coders follow state-of-the-art technology to provide the utmost perfection. 

• Co-payments & Deductibles

Each healthcare plan comes with a deduction and co-payment. Whatever the amount is to be paid, we manage the right amount to be paid by the patient and the patient has to pay before the insurance company starts paying. 

• File Claims

We make sure the insurance claim file has been submitted timely because the reimbursement directly depends on it. 

• Reimbursement 

This is the time for the insurance company to pay. Our experts check the bills and the process of acceptance, so that the organization may have smooth income and get maximum reimbursements. 

• Manage Denials

The healthcare company would suffer a big amount if claims face rejection. We re-check the entire process, resubmit the files soon, go through the critical screening to overcome the denials. Our technical experts are agile to handle every condition and are dedicated to delivering maximum outputs from fewer investments. 

• Collections

With years of practice and knowledge of using every latest technology, our experts are capable of boosting your overall performance by pumping your financial department. We include every minor and major collection from nook and cranny, outstanding bills to the patients to meet the expected revenue. 

With the above process, we, Panda Infosoft - one of the best providers of medical billing services in the USA, streamline the complex process to provide the maximum profits. Hire us today, if you also want to grow your healthcare organization with maximum profits.