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

Key Benefits

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Work Flow Automation

Improve efficiency and utilize the latest in technology for 96% first time, clean claim submission

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Maximize Cash Flow

Constant, steady and improved cash flow of 20% or more

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Certified Staff

Gain a team of high performing and experienced specialists with continuous service

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Best Practice

Utilize advanced technology and strive to exceed industry benchmarks

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Standard and Custom Reports

24 hour access to comprehensive financial reports to track progress