Revenue Cycle Management
Revenue cycle management (RCM) is the financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance.
RCM unifies the business and clinical sides of healthcare by coupling administrative data, such as a patient's name, insurance provider and other personal information, with the treatment a patient receives and their healthcare data.
Winspectrum provider end to end RCM solution with a experienced team for each & every step of RCM cycle
Charge capture
Claim submission
Coding
Registration
Remittance processing
Third-party follow up
Utilization review
Preregistration
Patient collections
Winspectrum has well trained resources in the following areas
Denial Management
Analytics
Clearinghouse Rejections
Healthcare providers often purchase and deploy designated revenue cycle management systems to store and manage patients' billing records. An effective RCM system can reduce the amount of time between providing a service and receiving payment by interacting with other health IT systems -- such as electronic health record (EHR) and medical billing systems -- as patients move through the care process.
We helps healthcare provider by saving their time by performing duties duties include administrative tasks, such as informing patients of upcoming appointments, reminding payers and patients of an existing balance and reaching out to insurers with specific questions when a claim is denied.
We do have provider financial data management tool to set & monitor provider’s revenue goal, along with many more corporate analytics techniques.
