Healthcare Revenue Cycle Management (RCM) Services
End-to-end revenue cycle management services. Process more claims and boost revenue.
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Optimize Cash Flow and Reduce Costly Errors with GoBill’s Healthcare RCM Services
The financial health of healthcare facilities is largely determined by the effectiveness of their revenue management processes and the resources available to execute them. According to the World Health Organization, an equivalent of 7% of global health expenditure is lost to billing errors and fraud. Providers often face delays in payments from payers or patients, which can last a month or more. These late payments affect the practice’s cash flow and lead to potential revenue loss without reimbursement.
Implementing a smart healthcare revenue cycle management (RCM) billing solution actively helps eliminate common and complex errors in the revenue cycle. These errors are the culprits behind late payments, denials, patient inconvenience, and overall revenue loss.
Do you have a plan to reduce revenue leakage and enhance cash flow?
We at GoBill are experts in unifying the business and clinical sides of healthcare. Our comprehensive revenue cycle management services cover every aspect of the billing cycle, from pre-registration, instant claim submission, and account receivables management, to aggressive follow-up on denials, appeal processes, timely payment posting, and collections, and transparent reporting. We give you ongoing support to ensure you collect more profits and keep up with expenses.
Learn MorePatient Information
Capture patient information using multiple electronic options, verify data, and maintain electronic records of patient charges. GoBill’s healthcare RCM services reduce the chances of lost or missing records.
Verification of Benefits
Prior confirmation of eligibility and authorization of benefits boost patient satisfaction and saves your practice from future claim denials and bad debt. Your patients will appreciate the possibility to schedule from anywhere, anytime with our healthcare RCM services.
Patient Payments
Quickly collect patient payments from the point of service, pre-appointment pay, and online payments; send statement reminders via phone calls, texts, and email in a timely manner. Our healthcare revenue cycle management ensures you don’t have to worry about struggles associated with collecting patient co-pays, deductibles, and coinsurance anymore.
A/R and Claim Management
No more delays in claim submissions and reimbursements thanks to GoBill’s revenue cycle management services. Maintain an accounts receivable average timespan of less than 30 days and ensure your revenue gains by setting policies and procedures on information capture, claim submission speed, claim to scrub, and coordination between different stakeholders.
Medical Coding
GoBill stays up to date with ever-changing coding guidelines and requirements in ICD-10, CPT, and HCPCS. Our healthcare revenue cycle management team uses appropriate diagnosis codes, accurately detailing information to payers and mindfully avoiding practices that may be considered fraudulent or illegal.
Provider Credentialing
Enroll your facility and physicians with major commercial or private, Medicare, and Medicaid health insurance. We help you periodically negotiate the terms of your contract for maximum benefit and revenue potential.
Optimized Workflows
Improve communication between staff and optimize standard integrations, removing the need for manual work and corrections that waste time and add to your operating costs. Your medical billing cycle becomes simpler and error-free with our automated processes and streamlined workflows.
Revenue Insight
Our healthcare revenue cycle management solutions help you optimize and track payment collections before the patient schedules their appointment. We coordinate the entire front and back-end offices, supported by the right tools, to ensure seamless revenue flow.
Performance Analysis
Performance Analysis
Reduce preventable errors in data entry, streamline quick and accurate determination of benefits, and improve cycle time by 25%.
Claim Rate
Claim Rate
Achieve 98% clean claim rates and 99% on the first submission, ensuring efficient revenue cycle management.
A/R Days
A/R Days
Reduce A/R days to fewer than 25, enabling faster payments and greater efficiency.
Policy Compliance
Policy Compliance
Stay current with regulatory requirements to maintain accuracy and compliance.
Payment Follow-Ups
Payment Follow-Ups
Timely dispatch of patient statements and denial appeals to ensure prompt payment and resolution of claims.
90-Day Guarantee
90-Day Guarantee
We guarantee a 15%-20% increase in revenue within the first 90 days of using our healthcare revenue cycle management services.
Performance Analysis
Claim Rate
A/R Days
Policy Compliance
Payment Follow-Ups
90-Day Guarantee
Why GoBill?
Increased Revenue
Increased Revenue
By streamlining the entire billing process, from pre-registration to final payment, we ensure you capture every dollar due to your practice. Our proven methods have helped clients see a 15–20% increase in revenue, with some experiencing up to a 25% boost in collections-to-operating-costs ratio.
Reduced Denials
Reduced Denials
Denials are a major hurdle in the revenue cycle, often leading to significant revenue loss and administrative burden. GoBill’s team of experts uses advanced technology and meticulous processes to drastically reduce the number of denials and improve the chances of timely reimbursement.
Improved Cash Flow
Improved Cash Flow
Our efficient healthcare revenue cycle management services accelerate the payment process, reducing A/R days to fewer than 25. This improvement in cash flow allows your practice to maintain a steady financial footing, ensuring that you can cover operational expenses without stress.
Operational Efficiency
Operational Efficiency
Our services streamline your administrative processes, reduce paperwork, and minimize human errors. Outsourcing your billing to GoBill frees up valuable time and resources, improving productivity and allowing your staff to focus on what’s most important: quality patient care.
Increased Revenue
Reduced Denials
Improved Cash Flow
Operational Efficiency
Reduce Errors and Maximize Revenue
Whether your billing model needs a complete overhaul or just an improvement, we’ll build a tailored improvement plan with customized solutions specifically for your practice. GoBill’s healthcare revenue cycle management services reduce challenges and costly errors.