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About Physician Revenue Management Services

PRMS can help you analyze your current revenue cycle operations and focus on ways to improve revenue capture and collection. Revenue problems rarely stem from a single source; they are most often the result of deficiencies in education, training, staffing levels, workflow, or poorly implemented computer software. Each deficiency must be addressed as part of a coordinated solution to obtain real improvement. As the first step of our RC Review, we establish baseline measurements of a provider’s financial and revenue cycle performance and create applicable benchmarks. We’ll send experienced Revenue Cycle consultants on-site to gather the information necessary to provide you with recommendations in the following areas: Scheduling / Pre-registration Admissions / Registration Insurance Verification Charge Processing Charge Description Master Case Management Health Information Management Billing Follow up / Collections Payment Posting Bad Debt / Agency Management We will complete a detailed operational assessment of the revenue cycle to identify opportunities for improvement, while also focusing on operational and documentary compliance with HIPAA privacy and security standards. We’ll then provide a written work plan containing an assessment of your overall revenue operations, and recommendations for the creation, implementation and monitoring of workable solutions.

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