Medical billing best practices for revenue cycle management

Put revenue cycle loss in the past where it belongs.

By partnering with Greenway Revenue Services, your practice can streamline clinical, operational, and financial processes, implement medical billing best practices, and optimize financial performance.

ICD-10 coding, high-deductible health plans, and government demand for increased medical documentation can interfere with medical billing workflow, causing delays in payer reimbursements and patient payments.

Greenway’s medical billing best practices guide offers detailed answers to your common questions.

• How does revenue cycle management (RCM) differ from traditional billing? Billing strategies have evolved to reflect RCM models that align with value-based care and proactively address payment. The guide walks you through the change and describes how clinically-driven RCM takes a proactive approach to patient health.  
• How can a practice measure financial health? An effective RCM strategy requires a practice to understand its current financial health. We delve into several best practice metrics such as days in accounts receivable (A/R), clean claims, net collections ratio, and more.
• How are physicians paid under value-based programs? Payers increasingly use quality and cost measures to adjust physician reimbursement. We cover the most common payment methods in value-based programs, including incentives/penalties, care coordination fees, shared savings, capitated payments, and blended payments.
• Does an RCM vendor make sense for your practice? Each practice’s situation is unique, and the choice to outsource does not always depend on finances alone. The guide will help you evaluate your specific goals.

It’s time to stop reacting and get proactive about medical billing best practices.