Hiring a quality medical billing services company is one of the most crucial decisions for the business success of your practice. At Blossom Revenue Cycle Solutions, we bring a unique combination of 33 years of industry expertise and cutting-edge technology to provide tailored solutions that strengthen your revenue cycle and streamline your operations.
Accounts Receivable Analysis
At Blossom Revenue Cycle Solutions, we take a comprehensive approach to analyzing your accounts receivable (A/R). Our detailed process includes:
- In-Depth A/R Assessment: A thorough evaluation of your current A/R to identify trends, challenges, and opportunities for improvement.
- System Review: Analysis of the systems you use to ensure they align with your practice’s financial goals.
- Workflow Optimization: Identifying gaps and inefficiencies in your workflows to streamline operations.
- Process Breakdown: Pinpointing areas where breakdowns occur and providing actionable solutions.
- Customized Reporting: Creating tailored monthly, quarterly, and yearly reports to help you monitor and understand your financial performance.
- Tracking Solutions: Recommending or designing processes to efficiently track and manage your A/R for long-term success.
With our expert guidance, you’ll gain clear insights into your A/R and actionable steps to improve collections and financial health.
Revenue Acceleration Clean-up Program
Our Revenue Acceleration Clean-up Program is designed to transform your revenue cycle and optimize financial outcomes in a focused, actionable timeframe. Key components of the program include:
- 90-Day A/R Aging Improvement: Targeted strategies to reduce aging accounts receivable and accelerate cash flow.
- Decrease Days to Final Bill: Streamlined processes to ensure timely billing and quicker reimbursement.
- Maximize Self-Pay Conversion: Innovative approaches to enhance patient collections and reduce outstanding balances. And Payment Acceleration
- Billing and Payment Acceleration: Advanced systems and workflows to speed up the billing and payment cycle.
- Underpayment Recovery: Identifying and addressing payer underpayments to secure the revenue you’ve earned.
- Complex Claims Recovery: Resolving challenging claims with precision to minimize losses.
- Bad Debt Recovery: Strategies to recover revenue from accounts previously written off as bad debt.
- Write-Off Review: Comprehensive audits to ensure write-offs are appropriate and justified.
- Denials Management Implementation Strategy (120 Days)
- Develop a structured plan to identify and address the root causes of denials.
- Denial Risk Mitigation: Create processes and procedures to reduce the likelihood of denials.
- Gap Analysis: Identify and resolve gaps in departmental responsibilities that lead to inefficiencies.
- Accountability and Communication: Foster interdepartmental coordination to streamline efforts and ensure accountability.
- Appeals Processes: Establish effective appeals workflows to recover denied claims.
With our holistic approach, we provide the expertise, tools, and support needed to optimize your revenue cycle and drive financial growth.
Provider and Billing Staff Training & Temporary Coverage
We equip providers and billing staff with the tools and knowledge to excel in revenue cycle management. Our comprehensive training and support services include:
- Fundamental Revenue Cycle Training: Empower providers and staff with a clear understanding of the revenue cycle, from patient access to final reimbursement, ensuring alignment with organizational goals.
- Process and Workflow Development: Design practical, easy-to-follow workflows and processes that enhance efficiency and reduce errors in billing and collections.
- Temporary Remote Staff Coverage: Provide seamless, reliable temporary remote coverage to ensure uninterrupted operations during staffing shortages or transitions.
With our tailored solutions, we help you build a stronger, more knowledgeable team while maintaining operational continuity and adapting to the changing landscape of healthcare.
Full-Service Revenue Cycle Management
We specialize in delivering comprehensive revenue cycle management services designed to meet the unique needs of private practices and small to mid-sized healthcare organizations. Our services include:
- Medical Billing: Accurate and timely billing to optimize revenue collection.
- A/R Follow-Up: Proactive strategies to resolve outstanding accounts receivable and reduce aging balances.
- Appeals Management: Expert in handling denied claims to ensure maximum reimbursement.
- Credentialing: Assistance with provider enrollment to streamline payer relationships and approvals.
- Charge Capture: Ensuring accurate recording and billing of services provided.
- Claims Review and Submission: Thorough review and timely submission of claims to minimize rejections.
- Denial Management: Identifying and resolving the root causes of denials to improve revenue flow.
- Eligibility Verification: Confirming patient insurance eligibility to prevent billing issues upfront.
- Patient Collections: Implementing efficient systems to manage patient balances and enhance cash flow.
- Unbilled Accounts Review: Identifying missed billing opportunities to recover revenue.
- Vendor Review: Evaluating vendor relationships to optimize cost and efficiency.
- Payment Posting: Precise recording of payments to maintain accurate financial records.
- Patient Financial Consulting: Educating patients on their financial responsibilities and payment options.
- Revenue Cycle Analysis: Comprehensive analysis of revenue cycle performance to identify improvement areas.
- Service Line Profitability Analysis: Evaluating the profitability of various service lines to inform strategic decisions.
- Cost Containment Strategies: Developing and implementing strategies to reduce operational costs without sacrificing quality.
- Payer Contract Negotiation: Assisting practices in negotiating contracts with payers to secure better terms.
- Financial Reporting: Regular reporting on financial performance to ensure stakeholders are informed.
- Compliance Management: Ensuring adherence to regulations and standards to mitigate risks.
- Data Analytics: Utilizing data analytics tools to enhance decision-making and operational efficiency.
- Training and Education: Providing ongoing training for staff on best practices and regulatory changes.
- With Blossom Revenue Cycle Solutions as your partner, you’ll gain a tailored, full-service approach to revenue cycle management that improves cash flow, enhances efficiency, and supports the growth of your practice.
As your partner, you’ll gain a tailored, full-service approach to revenue cycle management that improves cash flow, enhances efficiency, and supports the growth of your practice.
We will be offering coding services for both medical and dental services shortly.
Let’s Work Together
Here at BLOSSOM RCS, We believe physicians shouldn’t have to juggle patient care and revenue cycles.
