{"id":412,"date":"2020-07-15T11:15:33","date_gmt":"2020-07-15T18:15:33","guid":{"rendered":"https:\/\/fuelmedical.fm1.dev\/solutions-2\/practice-support\/revenue-cycle-management\/"},"modified":"2024-04-10T11:14:38","modified_gmt":"2024-04-10T18:14:38","slug":"revenue-cycle-management","status":"publish","type":"page","link":"https:\/\/fuelmedical.com\/revenue-cycle-management\/","title":{"rendered":"Revenue Cycle Management"},"content":{"rendered":"\n

Bridging the Gap Between Paying the Bills and Positive Patient Experiences<\/h2>\n\n\n\n
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As healthcare systems further evolve into a value-based industry, financial health has never been a solely black-and-red issue. Every patient interaction with your practice, from the very first phone call to the final payment of their balance, is known as revenue cycle management\u2014positive patient experiences translate to increased revenue.<\/p>\n\n\n\n

We understand the emotional impact behind each patient touchpoint and how it affects your revenue opportunities. At Fuel Medical Group, we work with you and your practice staff to develop strong processes and place the right personnel at key touchpoints. Revenue isn\u2019t the only thing you\u2019ll generate; patient satisfaction and retention grow as well.<\/p>\n<\/div>\n\n\n\n

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\u201c18% of in-network claims were denied on average\u2026but some plans reached as high as 80%, according to 2021 CMS reports.\u201d<\/p>\nSource: Newswire<\/span><\/span><\/span><\/a><\/cite><\/blockquote>\n<\/div>\n<\/div>\n\n\n\n

The Art of Expense Reduction and Control<\/h3>\n\n\n\n

Two big issues with expense reduction physicians face are increasingly high readmission rates and worsening commercial payer contract reimbursements.<\/p>\n\n\n\n

To combat high readmission rates, we can help you leverage front-end technology solutions, including telehealth strategies and our custom-built clinical decision support systems, Audiology EDGE and Allergy EDGE, all of which help cut costs and keep your patient processes clean and organized.<\/p>\n\n\n\n

To make commercial payer contracts more transparent and negotiable, we offer exclusive member access to the proprietary review platform, CodeToolz, that organizes, analyzes and maximizes your payer contracts and fee schedules in one, simple place. For revenue control, this is huge\u2014e.g., a 7% increase (average) on payer reimbursements of $500,000 will put an extra $35,000 in your pocket.<\/p>\n\n\n\n

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We\u2019re here to help you keep the focus on both front- and back-end tasks proven to give you more control over your expenses, whether remodeling the tools you have or leveraging cutting-edge tech updates, making the process more fluid for your staff and your patients.<\/p>\n<\/div><\/div>\n\n\n\n

Revenue Growth Opportunities Refocused for Patient Care<\/h3>\n\n\n\n
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One of the greatest indicators of a successful revenue cycle management strategy is identifying where your practice can optimize revenue growth opportunities with respect to patient care; and one of the biggest pain points in the process is recognizing patients more likely to have collection issues. <\/p>\n\n\n\n

We can help with issues, such as: <\/p>\n\n\n\n