You’re not alone if you’re feeling a bit shaky these days as pressures mount for the ICD-10 conversion by Oct. 1, 2014. After all, your medical practice coding, billing and collections face vulnerabilities throughout this process.

The ICD-10 conversion means significant changes to office procedures that can affect every aspect of business operations including your physician revenue cycle management. Medical record documentation will increase. Both physicians and coders will need to collect and document more data on patients to justify codes submitted for claims.

If there was ever a time when assurances are needed, it’s now. Assurances can result from ensuring your staff is meeting all the milestones for preparation and transition, proper training for your team is taking place, knowing you have the most experienced physician revenue cycle management team and that your revenue stream is assured throughout this entire process.

During the ICD-10 transition, said to be the most significant overhaul of the medical coding system since computers were introduced, your practice requires support 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

Outsourcing your physician revenue cycle management with experts in this field is an important next step to providing you more assurances – experts who have the full cadre of products and services that include assuring your return on investment. Enter Assured Return.

Developed by .com, Assured Return mitigates the risk of transitioning physician coding, billing and collections that’s out there – and even assures you’ll come out ahead.

As this industry leading methodology generates increasing returns, practices pay the percentage for medical practice revenue cycle management services that align with that bottom line gain. Simply stated, medical practices only pay less if they receive less. They pay more if they receive more.

When partnering with revMD.com at, for example, a 7 percent variable rate:

  • With returns of 5 percent more to the practice bottom line, revMD.com earns 1 percent more.
  • With returns of 10 percent more to the practice bottom line, revMD.com earns 2 percent more.
  • If revMD.com performs only as well as your previous outsourced or in-house process, you will pay 1 percent less than you are paying right now.
  • In the unlikely event revMD.com generates less revenue than your outsourced or in-house processes, your costs will be adjusted down to 2 percent.

Other assurances from revMD.com include:

  • Revenue is assured.
  • Quality control is guaranteed.
  • Greater revenue is assured.
  • Faster turnaround for payments occurs.
  • Human resource issues disappear.
  • Greater efficiency for your practice happens naturally. Costs decrease while practice revenue increases.
  • Physicians see more patients and spend more time doing what they do best.
  • Physicians gain greater control.

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. During the ICD-10 conversion, said to be the most significant overhaul of the medical coding system since computers were introduced, your practice deserves a physician revenue cycle management team with products, such as Assured Return, and services especially designed to respond to your needs and practice goals.

revMD.com is the results-proven alternative for physician revenue cycle management, with a niche specialization in medical practice billing and coding 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

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