In your medical practice, cost benefit analyses determine many of the decisions you make. There’s one decision that can be particularly difficult…and downright paralyzing: realizing you need to make a change in healthcare revenue cycle management but not knowing if a new process will increase revenue… this time. Fear of transitioning medical coding, billing and collections processes is a valid one. Taking a chance once or twice with in-house revenue cycle management processes and seeing disappointing or even devastating results can make anyone hesitate to move in any direction. It’s no wonder that amidst all the risks facing medical practices today, the risk of transitioning healthcare revenue cycle management is among the top risks on the list.
Time for some assurances, and as hard as it may be to believe, switching revenue cycle management processes is one of them.
With the arrival of 2013 comes the launch of an innovative new methodology in healthcare revenue cycle management: Assured Return.
Unique in the industry, Assured Return was developed by revMD.com to mitigate the risk of transitioning coding, billing and collections that’s out there – and even come out ahead.
As this industry leading methodology generates increasing returns, practices pay the percentage that aligns 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 process, your costs will be adjusted down to 2 percent.
When a win-win is guaranteed, it’s one less thing to worry about.
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.