Why Is Revenue Cycle Outsourcing Important In Healthcare?

1
Why is Revenue Cycle Outsourcing Important in
Healthcare?
www.ecareindia.com
2
(No Transcript)
3
Revenue Cycle Management

• Revenue Cycle Management is the backbone of
  healthcare driving the Medical Billing Company,
  Physician Practices, Hospitals, and Medical
  groups financially successful even during the
  dire straits.
• The importance and benefits of Revenue Cycle
  Outsourcing or Offshoring are multifarious and
  cannot be contained or limited to certain points
  of discussion, however, listed below are a few
  primary reasons to answer the question of why
  Revenue Cycle Outsourcing is Important in
  Healthcare?

www.ecareindia.com
4

• Eliminate Administrative Burden
• Increase Healthcare ROI and Profitability
• Optimize the Financial health of the Medical
  Billing Company.
• Achieve expected business growth and development
  within the targeted timeframe
• Efficient Staff Management covering all aspects
  like hiring, training, absenteeism and absconding
  related issues and responsible for continuous
  process flow at any given situation.

www.ecareindia.com
5

• Experienced team of billers and coders
• Quality work with reduced claim denials and an
  increased higher first-pass rate.
• Streamlines work process and strategical approach
  to meticulous details.
• Further to the above-listed advantages of Revenue
  Cycle Outsourcing, there is a myriad of
  qualifying benefits that makes it not only
  important but also an inevitable part in U.S
  healthcare.

www.ecareindia.com
6
Outsourcing Revenue Cycle Management

• Outsourcing Revenue Cycle Management has been a
  boon during the COVID19 and global pandemic.
  Healthcare firms and Medical Billing Companies in
  the U.S choose outsourcing and offshoring over
  in-house billing to sustain the drastic effects
  of inadequate staffing, ongoing changes and
  update, and an abrupt increase in the
  telemedicine process with related changes
  in Medical Billing and Coding guidelines,
  protocols and regulation.

www.ecareindia.com
7

• These situations had brought Medical Billing
  companies to a blind alley, Providentially
  with Revenue Cycle Outsourcing Services, U.S
  healthcare has not only sustained but according
  to the Market Analysis Reports published in April
  2022 Revenue Cycle Management grew at the rate
  of 17.2 from the year 2019 to 2020 and the
  market post COVID outlook is estimated to witness
  approx. 10 -11 growth year on year until the
  next five years.
• Source https//www.grandviewresearch.com/indust
  ry-analysis/us-revenue-cycle-management-rcm-market
  

www.ecareindia.com
8

• The increase in financial growth and
  profitability along with increased quality
  services and stress-free medical billing
  experience is the reason why many have opted out
  for Revenue Cycle Outsourcing. With Offshore
  Revenue Cycle Management Services, billing
  companies are entitled for
• Time Advantage of 9-12 hours Offshore
  Outsourcing guarantees the Billing companies with
  the benefits of time advantage by having all the
  claims data entry-related activities processed by
  their night hours, thereby speed up the process
  and cash flow.

www.ecareindia.com
9

• Specialty Based Expertise An established Revenue
  Cycle Management Partner does not only cover
  end-to-end scopes of services but also pitches in
  with their unlimited support with any new medical
  specialty or understanding the nuances of a
  certain complex specialty in Medical Billing.

www.ecareindia.com
10

• Software Expertise With experience handling
  various clients across the US with different
  medical billing software for claims processing
  day in and out, the team is efficient and adept
  in handling or taking over any Practice
  Management System or EMR in the market and can
  kick start the billing process with standard
  quality percentage.

www.ecareindia.com
11

• Physician Credentialing Apart from the RCM scope
  of Services, an offshore-based Medical Billing
  Company can also support with Physician
  Credentialing, Provider Enrollment and
  Re-credentialing requirements of the physician
  and Billing Companies to help keep them up to
  date with their credentials and CAQH profile.

www.ecareindia.com
12
About US
ecare india is a 21-year-old Medical Billing
Company providing complete Revenue Cycle
Management services across the U.S. Fully
compliant with HIPAA compliance certification and
internal security policies to protect information
confidentiality and PHI, e-care guarantees
cost-effective Medical Billing Services with
Increased ROI.
www.ecareindia.com
13
Contact us
To know more about ecare call 1-813-666-0028
log on to www.ecareindia.com
www.ecareindia.com
14
Thank You
www.ecareindia.com