Ascent Revenue Management
Taking the Business of Healthcare to New Heights
What is Revenue Cycle Management?
Revenue cycle management (RCM) is the process that manages claims processing, payment and revenue generation. It entails using technology to keep track of the claims process at every point of its life, so the healthcare provider or medical billing company doing the medical billing can follow the process and address any issues, allowing for a steady stream of revenue. The process includes keeping track of claims in the system, making sure payments are collected and addressing denied claims. RCM encompasses everything from determining patient insurance eligibility and collecting co-pays to properly coding claims using CPT and ICD-9 should be ICD-10 codes. Time management and efficiency play large elements in RCM, and a physician's or hospital's choice of an EMR can be largely centered around how their RCM is implemented.
6 Key Priorities to Optimize Revenue
- Value-Based Care Initiatives : Go from discussing it to doing it
- Patient Access : Make it easier
- Coding : Dominates denials management
- Charge Capture : Stay dedicated to clinical documentation
- Patient Self-Pay Collections : Raise communication standards
- Analytics : Scrutinize everything
Work Flow Automation
Improve efficiency and utilize the latest in technology for 96% first time, clean claim submission
Maximize Cash Flow
Constant, steady and improved cash flow of 20% or more
Utilize advanced technology and strive to exceed industry benchmarks
Standard and Custom Reports
24 hour access to comprehensive financial reports to track progress
Gain a team of high performing and experienced specialists with continuous service
Since 2015, I have been a very happy client of Ascent Revenue Management. Having been in practice for over 23 years and having had a few billing companies in the past, I was amazed as to how easy ARM was able to take over the service and start billing and collecting. My claims are sent electronically within 24 hours. Collections have improved dramatically. Management is readily available. Arm is a company of true revenue management professionals.
Your customer service employees are courteous, kind, and have great customer service skills. I appreciate the understanding that was taken when handling my outstanding account. Your staff goes above and beyond!
There are good people out there on earth and your customer service employee just restored my hope in humanity, relationship, and love for the fellow woman/man again! I was able to get reasonable assistance with my balanced owed and certainly appreciate the understanding.
The last person I spoke to was very helpful. I just want you to know how kind, helpful, and courteous he was this morning. You are fortunate to have great representatives.