Medical Billing & Revenue Cycle Solutions & Services
ThriveRite begins the process with coding review and efficient billing, but then moves beyond to streamline work flow and maximize cash flow.
Today’s health care is complex and ever-changing. Many times, the difference between profit and loss lies in revenue cycle processes and successful performance metrics. ThriveRite’s comprehensive Revenue Cycle Management services manage the entire revenue cycle with continuous A/R recovery ensuring faster and more efficient cash flow. Our services are configured to meet the needs of any provider by bringing together the best people, processes, and technology.
We begin the process in collaboration with our clients, determining the scope and approach of the project. By identifying problematic issues, ThriveRite’s team moves quickly to strengthen revenue opportunities, maximize cash flow, and eliminate inefficiencies. We work directly with our healthcare providers on shared goals by developing effective and efficient time-saving processes and procedure standardization. The result is improved cash flow and sustained financial health.
Do You Do This?
Revenue Performance Evaluation
Our revenue cycle evaluation provides you with a complete analysis of your revenue cycle, recommended improvements and steps to improve cash flow and long-term fiscal strength. In this challenging environment, healthcare organizations need a partner that can help improve operation performance, accelerate cash flow, and improve payer performance.
Our Revenue Cycle Evaluation may include:
- Collection cycle
- Follow-up process
- Payment verification
- Denial appeal process
- Payer contract analysis
- Accounts receivable management
- Payer edits
- Up-front patient co-payments
- Registration processes
- Verification and eligibility
- Charge capture
- Charge structure
- Coding accuracy
- Business tools
ThriveRite’s Revenue Cycle Evaluation identifies inefficient processes and errors that lead to lost revenue, and diminished cash flow. We will partner with you and your team to determine areas for revenue cycle performance improvement and provide the services and support necessary to address them.