People often say why there is a need for revenue cycle management. What is the purpose for implementing medical billing systems like athena EMR? But there is a pretty simple answer to this to help users understand this concept. Like all other businesses, running a medical practice is also a business. You can’t operate without having financial resources to back you up. And for generating optimal resources, you need RCM services.
Financial goals can’t be achieved without incorporating the best medical billing solution. Also, acquiring an optimized financial cycle is no good with a disorganized workflow. So, it would help if you had an all-in-one solution that effortlessly handles all clinical procedures. And athena EMR is the best option in this regard. So, let’s have a thorough look into the revenue cycle management with athenahealth. Then, we will walk you through its RCM features and services and its primary purpose.
About Athena EMR
Athenahealth is a phenomenal electronic health record and billing management solution. This software is a significant player in the healthcare industry, offering a wide range of services. It believes in giving users a sense of relaxation and thus provides endless flexibility in its operations. The software earned a remarkable national footprint with its extensive client base. Athenahealth comprehends patient-relevant data from throughout the country.
This software removes all the barriers of care to help deliver a better healthcare experience. It aims to collaborate with third parties and works as an open network to connect with additional care facilities and providers. Adding to it, athena EMR leverages technological advancements as no other ambulatory care system can. This helps in reducing screen time and enhances patient engagement via effective interactions.
Also, the revenue cycle management services of athena EMR software works like a pro. It offers unmatched automated services for simplifying administrative tasks. There is no leaf left unturned with this remarkable EMR solution. It is well-equipped with all the bells and whistles needed to ensure a smooth billing management process. To see whether it can help you achieve your financial goals, we have laid down the details of its RCM module below.
AthenaCollector for RCM services
athenaColector is a feature-rich module for medical billing services. It touches on every aspect of financial growth by reducing operational expenses. Also, the software works with a team of RCM specialists. They are available 24/7 for consultancy. It maximizes bottom-line benefits by minimizing the bottlenecks. Simply put, athenaCollector works to ensure sustainable financial growth in the long run.
It handles bills and claims with utmost expertise. There is not even a 1% chance of; errors in medical coding, increase in denial rate, and upsurge in uncollected payments. It doesn’t tolerate any kind of inefficiency in the billing cycle. Also, the athenaCollector understands all medical practices have certain distinctive requirements. And, to meet those requirements, it offers a set of tailored to fit revenue cycle solutions.
You can avail it for:
- Optimizing your billing cycle
- Reducing costs to boost profitability
- Maximizing revenue through strong payer contracts
- Improving your claims processing
- Experiencing clinical efficiency
How does athenaColector work?
So, now that you know about athenaCollector, let’s see how it operates. It is imperative to know the functioning process of the software you are going to opt for. As it is a module offered by a reliable EHR vendor, athenaCollector not only handles the revenue cycle processes but also helps with other administrative tasks. It leverages a set of customizable features to handle day-to-day activities.
It also manages the appointment scheduling process, reduces no-shows, and revamps the time management process. The system checks for unfilled appointment slots and fills that up to save your time. It helps in boosting revenue collection too. Above all, it performs eligibility checks as a pre-visit operation to protect you from unwanted denials and financial strain. This will save you from unpleasant situations in the future.
Here are certain financial aspects covered by this RCM system:
- Reduces compliance risk by offering HIPAA compliant solutions
- Boosts revenue by hiring AAPC/AHIMA/ACMS certified medical coding experts.
- Features NCCI supported code for code auditing and specialty-specific codes for personalized revenue handling.
- Covers manual claim edits, too, along with automated claims edits to minimize the denial rate.
- Collaborates with firms like Chart and DocMan to accelerate the medical billing process.
- Protects clinical revenue stream with its appeal management experts for preventing denials.
- Thoroughly eliminates underpayments by monitoring and analyzing payer contracts keenly.
Medical Billing Features of Athena EMR Software
Athena EMR offers a feature-rich but low cost revenue cycle service. By implementing it in your clinic, you can get more profit by working less and at a lower cost. The software fosters the best-in-class medical billing services in the billing market. Above all, its features suit the needs of small and large healthcare practices and other healthcare systems. This is what the platform offers for a streamlined and integrated workflow: Services provided by athena EHR software are:
- Charge posting
- Balancing payments
- Working rejected claims
- Patient collections
- Patient calls
- Insurance checks
- A/R coding
Besides this, this robust solution generates a comprehensive oversight of the entire revenue cycle process. Here, the most interesting fact, the RCM module of Athena EMR software works independently without putting any burden on your staff. It gives the employees sufficient time to manage other critical processes. Apart from these functions, the features of this revenue cycle management solution include:
- Performs automated checks to evaluate financial performance.
- Accelerates the RCM cycle on the whole
- Lessens the workload of clinical staff
- Minimizes the likelihood of errors in bills and claims processing
- Investment collaboration and integration ability for boosting clinical growth
- Scales automatically by putting forth new reimbursement models
- Improves clinical efficiency by reducing redundant tasks
- Creates a consolidated overview of financial performance over the network.
Is Athena EMR software right for you?
Whether it’s the best bet for your clinical practice depends on your practice’s needs. For this, you have to mix and match the features provided by the software with your needs. But if you are still confused about athena EMR, we recommend you check out its reviews. By getting to know users’ opinions, you can better decide if it is a reliable option.
Barry Lachey is a Professional Editor at Zobuz. Previously He has also worked for Moxly Sports and Network Resources “Joe Joe.” he is a graduate of the Kings College at the University of Thames Valley London. You can reach Barry via email or by phone.