“Every century, a new technology – steam power, electricity, atomic energy, or microprocessors – has swept away the old world with the vision for a new one. Today, we seem to be entering the era of Big Data.” — Michael Coren
It’s 2013, and the phrase “Big Data” has officially entered our vernacular in a big way. In the book The Human Face of Big Data, it is defined as “…an extraordinary knowledge revolution that’s sweeping, almost invisibly, through business, academia, government, health care and everyday life.” It’s a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications.
So what does that have to do with your practice? Everything! Information these days has escalated to overwhelming levels and stems from a greater array of sources. Harnessed in the right way, all this data, especially when it’s driven by your revenue cycle management process that impacts the financial health of your practice, can actually leave physicians with more control, not less.
According to Wikipedia, “What is considered ‘big data’ varies depending on the capabilities of the organization managing the set, and on the capabilities of the applications that are traditionally used to process and analyze the data set in its domain.”
To maintain control of your revenue cycle management and your practice while continuing to care for your patients requires a course in juggling…or a new way to keep all the balls in the air: Revenue Cycle Management (RCM) Console, provided by revMD.
RCM Console provides revenue performance information with up-to-the-minute reporting. Now, your staff can track, review or question every single medical coding, billing and collections item in process and in real time. You can obtain regular reports with the most current data on revenue related activities. There’s no more waiting in suspense to find out what’s coming in or what you did not get paid on a particular claim.
RCM Console provides:
- Regular reports with the most current data
- Data automatically populated – 24/7 access to information and reports
- Customized reports
- Scheduled reports daily, weekly, monthly
- Track results on demand, in real time
- Push desired reports to inbox
- Access via cell phone, in office or at home
Just how is your revenue cycle management performing right now?
revMD.com is the results-proven alternative for healthcare revenue cycle management, with a niche specialization in medical coding and billing that generates unprecedented results and builds profitable medical practices. Leveraging a history of industry wide success spanning 25 years, revMD.com partners with medical practices throughout the U.S. to optimize revenue for hospital based and practice based physicians. For more information, visit www.revmd.com.