From the time a phone rings to schedule a patient to getting an encounter closed out and paid, revenue cycle is something that touches every aspect of a medical practice.  Understanding how important revenue cycle and the management of the cycle are to the health of a practice, Practice Plus offers a resource for revenue cycle management.  

The Practice Plus revenue cycle management resource is an integrated approach with one goal, improving a clinic’s fiscal performance.  A few of the key elements that Practice Plus incorporates to ensure that performance is:

  • Cutting edge software technology
    • Practice Plus has partnered with one of the leading electronic practice management (EPM) software providers
  • Detailed reporting on the clinic’s revenue cycle
    • Days in accounts receivable
    • Denials
    • Gross collections
    • Net collections
    • National benchmarking by specialty
    • Missed/cancelled appointments
  • Breakdown of payers
    • Detailed reporting on mix of insurance, government, and self-pay
    • Detailed reporting on performance of each payer group
  • Training/Education
    • Important training on beneficial workflows for the practice
      • i.e.-How to handle collecting copays
    • Training on EPM software and best practices for use in clinical setting
  • Potential cost benefits
    • Less upfront costs
    • Patient statement letters
    • Discounted electronic claims
    • Discounted collection fees
    • Fully integrated EPM and electronic health record (EHR)
If you are interested in improving your clinic’s fiscal performance through better management of the revenue cycle, contact Practice Plus today.
Practice Plus
11001 Executive Center Dr., Suite 200
Little Rock, AR 72211
Phone: (501) 812-7587
Fax: (501) 812-7588