The Best Healthcare Revenue Cycle
Management Solutions in Tennessee
Revolutionize Your Healthcare Revenue Cycle with Help from VALiNTRY360
Frustrated with Your Healthcare Revenue Cycle Management?
As a senior healthcare executive in Tennessee, managing your revenue cycles is likely one of your most complex responsibilities. With the healthcare industry undergoing rapid transformation, outdated Revenue Cycle Management (RCM) methods simply don’t meet the demands of modern provider practices. Fortunately, innovative digital and cloud-based solutions are designed to tackle these obstacles head-on, streamlining your RCM and improving your financial performance.
The Power of Digital Tools in Healthcare Revenue Cycle Management
Digital tools are transforming the way healthcare revenue cycle management functions. By using cloud-based solutions, healthcare providers in Tennessee can avoid:
Delayed Reimbursements
Healthcare providers typically wait 30-90 days for reimbursements, which ties up crucial resources that could be better used to enhance patient care and support organizational growth.
Solution
Automate claims submissions and monitor their progress in real-time, resulting in faster reimbursements and improved cash flow.
Automate claims submissions and monitor their progress in real-time, resulting in faster reimbursements and improved cash flow.
High Denial Rates
Every denied claim costs up to $118 to correct, and with an average denial rate of 6-13%, inaccurate coding and incomplete documentation can lead to significant revenue losses and an increased administrative workload.
Solution
Utilize digital RCM tools for intelligent coding assistance and automated claim generation to reduce errors, lower denial rates, improve productivity, and boost revenue.
Utilize digital RCM tools for intelligent coding assistance and automated claim generation to reduce errors, lower denial rates, improve productivity, and boost revenue.
Inefficient Workflows
Studies reveal that manual administrative tasks contribute to as much as 30% of healthcare expenses, causing workflow disruptions, reduced efficiency, employee burnout, and higher error occurrences.
Solution
Combine your healthcare revenue cycle management seamlessly with your existing EHR systems to enable smooth data transfers, minimize errors, and increase overall operational performance.
Combine your healthcare revenue cycle management seamlessly with your existing EHR systems to enable smooth data transfers, minimize errors, and increase overall operational performance.
Poor Patient Experiences
65% of patients are open to switching providers for a better payment experience, meaning that outdated RCM systems can negatively impact patient satisfaction, acquisition, and retention.
Solution
Provide clear, upfront billing details to minimize disputes and enhance patient satisfaction, resulting in an improved overall experience.
Provide clear, upfront billing details to minimize disputes and enhance patient satisfaction, resulting in an improved overall experience.
Compliance Risks
Non-compliance with rapidly changing healthcare regulations can result in costly fines, additional administrative costs, and harm to both your organization’s reputation and financial standing.
Solution
Implement robust documentation, real-time claims verification, and detailed audit trails within your digital RCM system to reduce compliance risks.
Implement robust documentation, real-time claims verification, and detailed audit trails within your digital RCM system to reduce compliance risks.
The Power of Digital Tools in Healthcare Revenue Cycle Management
Digital tools are transforming the way healthcare revenue cycle management functions. By using cloud-based solutions, healthcare providers in Tennessee can avoid:
Delayed Reimbursements
Healthcare providers typically wait 30-90 days for reimbursements, which ties up crucial resources that could be better used to enhance patient care and support organizational growth.
High Denial Rates
Every denied claim costs up to $118 to correct, and with an average denial rate of 6-13%, inaccurate coding and incomplete documentation can lead to significant revenue losses and an increased administrative workload.
Inefficient Workflows
Studies reveal that manual administrative tasks contribute to as much as 30% of healthcare expenses, causing workflow disruptions, reduced efficiency, employee burnout, and higher error occurrences.
Solution
Automate claims submissions and monitor their progress in real-time, resulting in faster reimbursements and improved cash flow.
Automate claims submissions and monitor their progress in real-time, resulting in faster reimbursements and improved cash flow.
Solution
Utilize digital RCM tools for intelligent coding assistance and automated claim generation to reduce errors, lower denial rates, improve productivity, and boost revenue.
Utilize digital RCM tools for intelligent coding assistance and automated claim generation to reduce errors, lower denial rates, improve productivity, and boost revenue.
Solution
Combine your healthcare revenue cycle management seamlessly with your existing EHR systems to enable smooth data transfers, minimize errors, and increase overall operational performance.
Combine your healthcare revenue cycle management seamlessly with your existing EHR systems to enable smooth data transfers, minimize errors, and increase overall operational performance.
Poor Patient Experiences
65% of patients are open to switching providers for a better payment experience, meaning that outdated RCM systems can negatively impact patient satisfaction, acquisition, and retention.
Compliance Risks
Non-compliance with rapidly changing healthcare regulations can result in costly fines, additional administrative costs, and harm to both your organization’s reputation and financial standing.
Solution
Provide clear, upfront billing details to minimize disputes and enhance patient satisfaction, resulting in an improved overall experience.
Provide clear, upfront billing details to minimize disputes and enhance patient satisfaction, resulting in an improved overall experience.
Solution
Implement robust documentation, real-time claims verification, and detailed audit trails within your digital RCM system to reduce compliance risks.
Implement robust documentation, real-time claims verification, and detailed audit trails within your digital RCM system to reduce compliance risks.
VALiNTRY360: Your Partner in Healthcare Digital Transformation
VALiNTRY360, a fully U.S.-based Digital Healthcare consulting partner, focuses on process modernization for healthcare organizations, expertly addressing revenue cycle management challenges with innovative technology solutions.
Industry Expertise
Over 15 years of expertise in the healthcare and life sciences industries, focusing on revenue cycle management optimization.
Certified Professionals
A team of HIPAA-certified Digital Healthcare professionals holding with specialties in a variety of tools to modernize the Healthcare and Life Sciences sector.
Customized Solutions
Our services are tailored to align with your organization’s workflows, goals, and specific needs.
Seamless Integration
We expertly integrate digital solutions with your EHR systems to ensure data integrity and operational continuity.
Proven Track Record
Successful projects across Illinois have resulted in millions in recovered revenue for healthcare providers.
Our Proven Approach to Healthcare Revenue Cycle Management
We perform an extensive evaluation of your current processes to identify inefficiencies, pain points, and potential areas for improvement. This involves reviewing claims data, denial patterns, and workflow issues.
Our experts design a custom RCM transformation strategy based on your goals. It includes a phased rollout plan, projected ROI, and key performance metrics to track progress.
Our healthcare RCM solutions are seamlessly integrated with your existing systems, using an agile approach to minimize disruptions and enhance adoption.
Comprehensive documentation and user guides are provided with every implementation. For additional support, we offer virtual or on-site training to ensure your team maximizes the system's value.
Looking for continued support to ensure optimal performance of your RCM system? We offer managed services, including routine performance reviews and system upgrades.
Take the Next Step in Your Digital Transformation Journey
From Memphis to Mountain City, don’t let outdated revenue cycle management processes hinder your healthcare organization’s growth.
Connect with us today to explore how VALiNTRY360’s digital healthcare revenue cycle management solutions can improve your practice’s cash flow in Tennessee.
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I love doing my notes in Salesforce. It’s made my job so much easier!
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