Revenue Cycle Management
With healthcare RCM services, DWP Medical makes it easier to manage a medical practice. From the time patients register to their very last payment, we handle the paperwork to obtain the full amount your practice deserves. Our medical practice management aims to give staff more time for other duties.
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Healthcare Revenue Cycle Management Company in Texas
We strongly support the idea of delivering carefully designed inputs stripped of traditional concepts of normality, which is the reason we stand for Hospital Revenue Cycle Management (RCM). Therefore, at our core, we have a unique healthcare revenue cycle management service delivery, which sets us apart from the rest.
A well-coordinated team of revenue cycle management for healthcare providers possesses exclusive enormous experience in developing customized plans for your specific hospital and, therefore, attaining enhanced results. The significant tasks lying under our mandate are to push for faster collections, timely payments, managing denials effectively, and thereby optimizing revenue generation with the help of a unique technology interface provided by DWP Medical.
In this regard, following the best practices of managing today’s modern healthcare facilities, we optimize the hospital processes, improving patient outcomes and reducing expenses at the same time
Our Services
RCM Healthcare Services
DWP Medical is serving hospitals and healthcare systems for a long time. Our team consists of experts who know the concerns and issues that are critical to hospitals and healthcare workers.
Whether you are migrating your company to incorporate value-based reimbursement or need assistance with implementing a newly acquired physician group into the system, DWP Medical stands ready to offer end-to-end healthcare RCM solutions for your organization’s needs.
Our Unwavering Dedication
Catalyzing Revenue Growth
Streamlined Receivables Management
Excellence in Claims Processing
Harnessing Data for Informed Decision-Making
Driving Innovation
Our Unwavering Dedication
DWP Medical gives benefits of several successful cooperation’s with different hospitals and healthcare systems across the USA where the company helps organizations to develop strategies for corresponding existing industry problems and issues. This is because our executive management has knowledge and experience in both, the fee-for-service and the value-based payment models, through which, it is quite easy to incorporate physician groups to improve HCRCM.
Catalyzing Revenue Growth
It is highly advisable to benefit from a professional increase in the revenue cycle management in hospitals which is possibly in the range of 15-20%. Our school of professional experts base the success of the perfect and enhanced payment cycles for the improvement of the financial position of your institution with efficient hospital revenue cycle management.
Streamlined Receivables Management
A/R age recovery shows that it is possible to reduce the A/R portfolio by an average of 30% by efficiently handling delayed payments. Our follow-up procedures ensure timely refunds to clients and enhance your organization’s financial base, showcasing our expertise in healthcare revenue cycle management solutions.
Excellence in Claims Processing
Take pride in having a 98% clean claims rate due to our well-trained and detail-oriented claim scrubbers. We minimize opportunities for rejections, denials, and payment delays, thus protecting a steady cash flow through efficient medical revenue cycle management.
Harnessing Data for Informed Decision-Making
Suffer from leaving the average A/R level at 30% as we deal with A/R aging and seek to recover outstanding amounts. These assessments guarantee that reimbursements are on time, and make your organization’s foundation considerably fortified by superior healthcare revenue cycle management solutions.
Driving Innovation
Take your hospital’s revenue cycle management to a new level with DWP Medical. Call us today to start a new chapter of increased profitability and efficiency of your business with innovative healthcare revenue cycle management services.
Hospital Revenue Cycle Management Process
1
Root Cause Identification
Our team of experts can quickly identify the root cause & develop strategies to prevent them in future.
2
Denial Resolution
Our smart systems for claim denial management enable us to resolve denials quickly & minimize delays
3
Follow-up & Negotiations
We actively pursue claims, utilizing patient benefit info, negotiating for optimal insurance reimbursement.
4
Timely Appeal Denials
Our comprehensive appeal process is swift, efficient, and includes detailed claim tracking
5
Recover Lost Revenues
We specialize in recovering lost payments due to denials, so you don’t have to worry about revenue.
6
Data Insights and Analytics
We provide detailed data analysis that shows you how your practice can improve performance in the future.
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Benefits of our Medical Revenue Cycle Management Services
From the case of RCM, the administration strongly supports denial management as one of the critical facets of practice profitability. High-quality services and a highly professional team of denial management specialists will, in turn, save your time and cash flow maximization and get back the revenues lost due to denials for our clients – industry leaders.
We protect you against insurance claims, to make sure you get all entitled to from the insurance companies. Hence, we agree to its claim and ensure compliance not to have any of the documents rejected. With our experienced staff, every case for more than 30 days is closely monitored, and follow-up is done on each of the cases so that you do not lose any of your revenues
DWP Medical offers complete healthcare revenue cycle management services to turn your hospital’s health around for the better. Come and work with us to see how our individualized revenue cycle management solutions can benefit your healthcare organization.
Frequently Asked Questions
1: What is RCM in Medical Billing?
Revenue Cycle Management (RCM) refers to managing a healthcare provider’s financial transactions. Ranging from patient registration and appointment scheduling to claim submission, payment collection, and revenue analysis.
2: What is Revenue Cycle Management in Healthcare?
Revenue Cycle Management (RCM) refers to managing a healthcare provider’s financial transactions. Ranging from patient registration and appointment scheduling to claim submission, payment collection, and revenue analysis.
3: When Does Revenue Cycle Management Typically Begin?
RCM starts from the first patient interaction at scheduling or registration and continues until payment collection and post-care billing.
4: Why is Revenue Cycle Management Important in Healthcare?
RCM helps with timely and accurate reimbursement, lowering the amount of denied claims, decreasing revenue losses, and optimizing financial stability for healthcare organizations.
5: How Can a Healthcare Organization Improve Its Revenue Cycle Management?
Automation of processes, advanced billing software, staff training, insurance verification, reduction of claim errors, and RCM outsourcing by specialized providers can improve the RCM.