Revenue Cycle Management
To run a successful practice, you need efficient processes to handle various business transactions, technologies to support these processes and above all dedicated front and back office support teams that work seamlessly.
These business transactions are inter-connected to form the Revenue Cycle.
Closer View CAPRN provides a unique combination of expert claims knowledge, business services, web-based software, and customized claim audit mechanisms. CAPRN's process provides one of the highest quality services in the industry. With CAPRN, your claims and billing processes are tracked, controlled, and executed with utmost precision and effectiveness, while your practice workflow gains new efficiencies.
CAPRN's approach to optimizing your revenue cycle management has the following objectives:
- Review critical performance metrics, such as Account Receivable's aging, denial rates, and set reasonable goals for improvement.
- Streamline front-office activities - this is important as critical claims information is collected at this stage.
- Review and clear backlog of claims.
- Streamline billing and claims follow-up processes.
- Minimize the errors in charge entry prior to claims submission thereby maximizing clean claims percentage.
- Setup communication plan with physicians and support staff using channels such as email / phone (only as needed) / collaboration software that keeps track of daily activities by all parties.
As a result, your practice is able to focus on what matters most: patient care.