The ICD-10 conversion on Oct. 1, 2014 means significant changes to office procedures, which are expected to affect every aspect of business operations. It also requires you to increase your level of medical record documentation across all aspects of service.
Can your current physician revenue cycle management process stand the added weight of this transition? Does it have the experience and foresight required to navigate all the nuances and changes that are happening? What about the resources to provide your team the full cadre of support and training you need throughout the various implementation stages? While this large-scale shift in coding systems is occurring, it’s also the perfect time to evaluate your current medical practice billing and coding process and determine whether it needs an overhaul as well.
The uninterrupted flow of your medical practice revenue cycle management before, during and after the ICD-10 transition rests squarely on your preparedness and the expertise of your physician medical billing and coding team. And it requires a bridge to ensure your continued revenue stream, especially if you transition medical practice billing and coding services. Enter Revenue Bridge, an innovative product developed by revMD.com to provide you with one less thing to worry about during BOTH transitions. Not only is revMD.com the industry expert in physician coding, billing and collections, they are the professionals for seamless ICD-10 implementation.
Revenue Bridge offers a no-risk way to bridge the gap between your old and new services, and keep cash flow at optimum levels during your transition of medical practice billing, coding and collections. Strategic partnerships are created with third party financers for claim payment guarantee during this critical on-boarding time. When a practice makes the transfer, revMD.com pays the former company to transfer/walk away from the remaining contract.
During the ICD-10 transition, said to be the most significant overhaul of the medical coding system since computers were introduced, your practice requires a physician revenue cycle management team with products, such as the Revenue Bridge, and services especially designed to prepare your team to:
- Organize the effort
- Analyze the impact
- Contact the vendors
- Budget for costs
- Implement software and systems upgrades
- Conduct internal testing
- Train staffs
- Conduct external testing of transactions
- Keep revenue flowing
- Maximize revenue stream
Now is no time to wonder if your medical practice billing and coding team has everything it takes to withstand the weight of this transition. Outsourcing your physician revenue cycle management with experts in this field is an important next step, and Revenue Bridge provides the assurances you deserve. It takes the special expertise of an industry insider in physician revenue cycle management to understand how to most effectively transition to ICD-10.
revMD.com is the results-proven alternative for physician revenue cycle management, with a niche specialization in medical practice 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.