When it comes to medical billing, the deck is stacked against healthcare organisations. Everything from copays to service codes is complex and even just one misstep extends an already lengthy payment cycle. While many of these factors are out of your control, you can positively impact your organisation’s bottom line by optimising how you manage the information and processes that support payer reimbursements, patient payments and collections.
Billing operations can make or break your healthcare organisation’s financial performance. The more accurate and efficient the information and processes are that drive your revenue – your payments and collections – the greater your chances of keeping cash flowing, not lingering in your accounts receivable ledger.
OnBase Healthcare Revenue Cycle (RCM) solutions streamline your payment processes, automating manual processes and ensuring each task executes with the most up-to-date information. This suite of RCM solutions complements your revenue cycle from end-to-end, allowing multiple users to track patient, services and claims information throughout the entire lifecycle.
Additionally, OnBase offers sophisticated business intelligence and analytics. This offers both high-level insight into this aspect of your organisation’s financial health as well as specific process monitoring of any area in the financial management chain to ensure your organisation collects the maximum amount of revenue for services provided. This allows your healthcare organisation to: