We are Resolute.

 

Business Consulting Services

We provide expertise and guidance to optimize operational efficiency to help achieve your business goals. We help through Identifying areas of improvement, Developing strategies, and Improving management just to name a few.

Revenue tracking

Revenue Cycle Management

We will take care of all aspects of patient encounter revenue to ensure that your healthcare organization is reimbursed for services provided to patients in a timely and efficient manner.

Human Resources Compliance

We make sure your entire company is within all human resources compliance guidelines to ensure that the organization is operating within legal guidelines and providing a fair and safe working environment for all employees.

 

What exactly is Revenue Cycle Management?

Simply put, the Revenue Cycle includes all administrative and clinical functions that contribute to the capture, management, and collection of patient encounter revenue. The Revenue Cycle begins the moment a patient calls to schedule an appointment, and ends upon receipt of the final payment for all services rendered, with a slue of other critical tasks in between to reach the final payment.

The Revenue Cycle

What does Revenue Cycle Management actually mean? In order to fully understand the concept, we can break the process out into 7 steps to gain insight into a practice’s reimbursements, and determine which aspects of the Revenue Cycle require optimization, to maximize potential revenue.

Step 1: Scheduling

Step 2: Benefits & Eligibility

Step 3: The Patient Encounter

Step 4: Coding the Claim

Step 5: Claim Processing

Step 6: Accounts Receivable

Step 7: Denial Management

Step 8: Final Payment Received

For more information on each step in depth, click below to learn more:

 
 
 

No money = No vision

Optimizing your revenue is what keeps your practice healthy

 
 
 
 

Common Misconceptions for Startup Practices

Implementing ICD-10 Shouldn’t Be Too Difficult

In 2014, the American Medical Association estimated that, on average, small practices can spend anywhere between $56,639 and $226,105 to implement the federally mandated ICD-10 CMS code set. The cost for medium and large practices range from $213,364 to $824,735 and $2,017,151 to $8,018,364 respectively. That is a heavy toll regardless of how large, or small, your practice is.

Hiring a Dedicated Coder Will Be More Cost Effective

According to the Bureau of Labor Statistics, the 2018 national annual salary for medical coders is about $40,062. Of course, that is dependent on location and experience. To match our 15+ years of experience, the national annual salary is closer to $75,000.

 
 
 

Good Staff + Good Systems + Good Service = Great Success

Focus on what you do best, let us take care of the rest. Put our 15 years of knowledge to the test. Increasing the bottom line of your practice should be top priority. Our technological tools to automate and manage operations, along with our Revenue Cycle Experts, ensures you are maximizing every available dollar for your practice. Directly translating to cleaner claims, faster collections, lower denials, hands-on consulting, and total transparency.