Revenue Cycle Management

With the burgeoning of cases in hospitals and healthcare centers, providers more often than not find themselves unable to handle the huge pile up administrative tasks or find their staff having to devote a lot of their time handling it which in turn takes away their focus from their primary task of healing.

This has led a large number of healthcare providers turning to professional firms engaged in the process of handling of such back-office operations for health care organizations through a process called Revenue Cycle Management or RCM.

Basically, RCM involves handling claims, processing payments and generating revenue on behalf of healthcare professionals by setting up experts in respective fields of revenue administration.

The process begins from the time a patient makes an appointment and continues till to the final step when complete payment for treatment is received from the patient.

An efficient RCM system tracks patient care, simplifies the billing and collection cycles, by registering, appointing, scheduling and processing the payment. The process includes various steps like checking patient insurance eligibility and coding claims etc.

It is now an accepted fact that all healthcare service providers, irrespective of location, type of services provided, or the size of the organization need to incorporate the services of an RCM professional.

PHBS is a professional healthcare service company, with specialists who review charts, notes and healthcare claims for accuracy. This process ensures that claims are clean and will significantly increase first-pass payments, thereby reducing claim denials. Besides providing high-level accuracy results, our experts also screen the patient ledger for any previous balances.

Our efficient system operated by experts handles the billing and collection cycles, by registering, appointing, scheduling and processing payments. With efficient and trained staff, we manage your time-bound healthcare services as per your requirements. We handle your entire healthcare billing service cycle flawlessly.