Tag: revenue cycle management

CHARLOTTE, N.C. – Prochant has secured a key partnership with VGM & Associates to be the member services organization’s official partner for focused billing solutions. “As experts in revenue cycle management for the HME industry, we feel a responsibility to be present and accessible to HME providers,” said Mathew Mammen, CEO of Prochant. “This partnership with VGM will provide exactly that. Our goal is to show VGM members fast, secure and efficient ways to automate their...

NASHVILLE, Tenn. – PlayMaker Health and HealthRev Partners have combined their technology and services to deliver solutions that drive and maximize revenue growth, they say. HealthRev’s proprietary software and consultative approach to revenue cycle management maximizes reimbursement, drives faster turnaround and ensures accuracy for health companies, the companies say. “We know that revenue cycle management is a key factor to any post-acute organization,”...

OVERLAND PARK, Kan. - eSolutions, a provider of revenue cycle management analytics and cloud-based workflow solutions, has named Gerry McCarthy CEO. McCarthy has more than 20 years of healthcare experience, most recently as president of TransUnion Healthcare, where he oversaw the rapid growth and strategic direction of the company. He replaces Gene Creach, who is retiring after 18 years at the company. Creach helped eSolutions grow to process more than 50 million claims a year for more than 30,000...

The revenue cycle is a complex process with many moving parts. Those “parts” are better known as people and processes, and they need to work harmoniously in order for your company to achieve bottom-line results. Here are three pitfalls to avoid as you manage your revenue cycle:Clicking the 'print' buttonThe average cost of every piece of printed paper is 2.47 cents (includes paper, toner, and the printer drum). Now, take any physical file on your desk and calculate the cost of that file....

CHARLOTTE, N.C. - The Prometheus Group, a provider of HME revenue cycle management services, is rebranding to Prochant. Along with a new name, the company has a new logo, graphics, website and messaging. “Our combination of solid processes and a team of highly skilled specialists is a winning formula that helps us make our customers more profitable,” said Joey Graham, general manager and vice president of operations for Prochant. “The new branding more accurately explains how...

A. Too much inventory creates unneeded expenses and too little inventory means lost revenue. For many in our industry, inventory management is a necessary evil that isn't done well. From my experience, many businesses find it challenging because too many inventory management systems have been weakly bolted on to billing systems. This weakness causes insecurity for the CSRs who feel the need to verify inventory numbers themselves when answering inquiries. Also, warehouse personnel can't accurately...

ATLANTA - Patientco added more than 2.4 million patients across multiple healthcare providers to its user base in the first quarter of 2015. The company, which helps providers collect patient payments, says enhancements like the new mobile-ready PatientWallet have helped to drive growth. “Healthcare organizations are learning how to factor patients into the traditional way they've operated from a revenue cycle perspective, which is not an easy task as most are dealing with shrinking margins,...