Healthcare organizations must build a sophisticated reporting and analytics program to analyze their revenue cycle inefficiencies when reimbursement rates decline. While most practice management software includes comprehensive reporting capabilities, the creation of these reports, as well as periodic review reports, takes time and effort.
Revenue Cycle Analytics services enable you to assess your performance and make improvements to all aspects of your medical billing processes. Our process teams collaborate with you to develop and implement complete process modifications that will improve your revenue cycle results.
Our eligibility, benefits verification and prior authorization services offer:
KollectMD can provide in-depth analytics of your revenue cycle performance to ensure that you can make quick decisions based on data and thereby optimize staff productivity, monetory outcomes, and the patient experience.
We tracks the performance of your Account Receivable KPIs, identify and resolve inefficiencies in the process and maximize collections.
Get a comprehensive view of the revenue lost due to unpaid claims, identify the most common reasons for denials, and figure out how to improve your collections. We assist you in establishing a long-term strategy to prevent payment denials and delays.
Administrator - West Michigan Pain
Director - West Michigan Surgery Center, LLC
KollectMD has taken the work out of our billing processes. Our collections have been steady and they are excellent at follow-up on unpaid claims. Their ability to assist with the often complex insurance authorization process has virtually eliminated payment rejections and ended last-minute cancellations due to authorization issues. Rather than offering excuses for any billing issues that may arise, KollectMD has offered solutions that have greatly increased our Surgery Center’s profitability. KollectMD has assumed responsibility for our billing process so we can focus solely on providing our patients the excellent care they deserve.
Administrator - Michigan Primary Care Partners
KollectMD has helped our multi-specialty medical practice in numerous ways. They have been instrumental in making sure we get our claims paid in a timely fashion. They have helped increase our bottom line and we are seeing better collections than we’ve seen in years. It has lifted a huge burden off our shoulders giving us more time to focus on the needs of our patients and not worrying about payments. Thanks for all you guys do.
KollectMD strongly believes client satisfaction leads to successful long-term relationships. We value these relationships and are committed to providing the best practice management solutions to our clients.Contact Us