Healthcare RCM services in Texas
Revenue Cycle Management Services for Small and Large Practices
Practices are losing $125b every year in revenue due to compliance penalties, inaccurate billing and coding, staffing shortage, etc. Join hands with our experts and make sure you are not one of them.
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Ensuring Faster Payments and Reduced Burden
At MED Billing TX our experts appeal denied claims in less than 3 days and deliver results faster:
- Our cloud-based EHR integration enhances operational efficiency and data accuracy to 10X
- Accelerate your claim approvals and boost revenue
- Implement hassle-free, transparent, and streamlined RCM process
Get Your RCM Performance Audited and Evaluate KPIs
We help you review your billing and RCM practices to minimize errors in claims processing and get insights to make improvements where needed.
Below are the metrics you need to review to assess your RCM performance:
Net Collection Rate
Gives insight to the total revenue collected after accounting for write-offs, bad debt, etc.
Days In Accounts Receivables
Depicts the average number of days your practice takes to receive payment from the date of service.
Denial Rate
Shows the percentage of your practice's claims that are rejected or denied by payers.
Clean Claim Rate
Tells the percentage of your practice's claims that are accepted by payers on the first submission without rejections.
Patient Collection Rate
The percentage of your practice's patient responsibility that is collected within a reasonable period.
Experience Innovation with Our Proven RCM Services
Faster Revenue Recovery
Experience faster and steady cash flow with our experts that maintain operational efficiency with tech-driven solutions. This ensures faster collection.
Improved Clinical Integrity
We ensure accurate documentation and coding compliance to improve your clinical integrity. This means enhanced patient trust.
Re-Claim Time and Scale
Our dedicated account managers take over the non-clinical burden while enabling you to focus on core tasks. This means you can scale your practice.
MED Billing TX Is Constantly and Consistently Optimizing Revenue Cycle for Practices
Faster Revenue Recovery
Cost reduction
Claim Resubmission
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Revenue and Tech-driven RCM Services for 65+ Specialties
According to Zipdo, outsourcing your RCM can lead to an 18% reduction in administrative expenses. Moreover, poor revenue cycle management services cost healthcare providers 15-20% of their revenue. Now this is alarming.
Our dedicated account managers work with your practice and combat the RCM challenges while making sure you get paid what you deserve.
A Platform that Redefines the Standard for Maximized Revenue Collection
Increased Collections by 300%
Our experts at MED Billing TX use advanced features like claim scrubbing, end-to-end claim tracking, and automatic secondary claim submissions to 10X collections speed while saving both time and effort.
Reduced Operational
Complexity
Streamlined workflows simplify the billing and RCM processes and with our comprehensive solutions we help you scan, identify, and rectify revenue leakage points while making sure you get paid what you deserve.
Improved Accuracy
and Compliance
Insurance, coding, and billing guidelines are constantly changing therefore we make sure your practice stays compliant against any penalties, including HIPAA, icd-10, CPT, and HCPCS regulations to improve accuracy.
Personalized Services
and 24/7 Support
Our personalized RCM services are exclusively designed to offer improved financial performance and get you paid faster. We allow easy and customizable access and allow more visibility and 24/7 support to our clients.
Get Your RCM Performance Audited and Evaluate KPIs
When our managers and experts on-board your practice we transform your revenue cycle and make sure you experience unprecedented financial growth. In today’s challenging healthcare world we deliver sustainable financial success with our comprehensive workflow.
Running A Practice Is Hard. RCM Doesn't Have to Be
Our RCM managers perform a thorough RCM performance audit and take a closer look at your practice’s KPIs to identify and address the errors while improving the key areas that need improvement.
Our revenue cycle management services are driving ROI-driven outcomes successfully with our clients with their unique features:
- Integration with Multiple EHRs
- Reduced Denials
- Reduced Costs
- Audits assessments and reporting
- Dedicated accounts executives
- End-to-end RCM solutions
Need an RCM solution to maximize revenue collection and that to 10X faster?
Here’s What Our Customers Are Saying About Us
Dr. Alia k
Cardiology
Partnering with Med Billing TX has been a great decision so far because of their commitment, expertise, and knowledge of mitigating the risks, denials, compliance issues is vast. Their professional attitude has helped us streamline our processes, eventually increasing our cash inflow.
Dr. Alina Morris
Pediatrician
Working with this company has been a game-changer for our revenue cycle as well as delivering quality care. We have outsourced most of our administrative burdens to Med Billing TX, and are completely in awe of their professional, transparent, and timely services. Totally in love
Dr. Daniel Alex
Plastic Surgeon
The incredible knowledge base and expertise of the Med Billing TX team combined with the latest technology is ensuring revenue driven outcomes for our practice. They are leading our team to a greater level of efficiency, accuracy, and productivity.
Dr. Nathan Solomon
General Physician
RCM services offered by their dedicated team have been a great support for my large hospital in Texas as they have vastly reduced our claim denial ratio up to 45%. The team is helping us focus on our core tasks by handling our time-consuming and non-clinical burden that takes away most of our productive hours.
Dr. Rachelle Martin
Cardiologist
The account executive assigned to our practice by Med Billing TX has been a great help in reducing our administrative workload by 70%. Not just this, the entire team has been an active support in optimizing our revenue and increasing cash inflow.
Frequently Asked Questions About Our Revenue Cycle Management (RCM) Services
Why is Revenue Cycle Management important for practices?
Revenue Cycle Management (RCM) refers to the process of managing the financial aspects of healthcare practice for scheduling patient registration and appointment scheduling to claims submission, payment processing, and revenue generation. RCM is crucial for healthcare practices as it ensures timely and accurate reimbursement for services rendered, maximizes revenue capture, and improves overall financial performance.
How can your RCM services in Texas benefit my healthcare practice?
Providers should typically be re-credentialed every few years, depending upon the requirements of insurance payers and regulatory bodies. Re-credentialing ensures that providers continue to meet the standards required for participation in healthcare networks and insurance plans and helps maintain compliance with industry rules and regulations.
What components are included in RCM services?
RCM services typically include patient registration and eligibility verification, claims submission and follow-up, payment posting and reconciliation, accounts receivable management, and finance reporting and analysis.
How do you ensure compliance with regulations and payer requirements in your RCM services?
We adhere strictly to industry regulations such as HIPAA, ICD-10, CPT coding guidelines and payer requirements to ensure that our RCM services are conducted in a compliant manner. Our team stays up-to-date with changes in regulations and payer requirements and we implement robust compliance measures to mitigate risks and ensure adherence to standards.
Can you customize RCM services to meet the specific needs of my practice?
Yes, we understand that every healthcare practice is unique and we offer customizable RCM services tailored to meet the specific goals and challenges of each client whether you require full-service RCM or just need assistance with specific components of the revenue cycle, we can tailor our services to fit your practice needs.
Seamless Claim Submission
Our team of RCM experts handles all aspects of claim submission.
Expert Coding and Reimbursement Management
Our coders are highly trained and maximize your revenue capture.
Patient Billing and Payment Processing
We take the burden of patient billing off your shoulders.
Manage Your Finances Effortlessly
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