Now more than ever, ASCs need an affordable solution to help increase the speed and accuracy of the claims management process
Birmingham, AL (Vocus) September 21, 2010
Mounting pressure coming from healthcare reform, reduced reimbursement, and extended payment cycles demands an innovative approach to overcome revenue cycle challenges. To help ambulatory surgery centers (ASCs) address these issues, SourceMedical today announces the Advanced Revenue Cycle Management (RCM) Solution which provides a cost-effective way to manage and improve the entire payor and self-pay collections cycle.
“Now more than ever, ASCs need an affordable solution to help increase the speed and accuracy of the claims management process,” said Patrick Doyle, vice president of Sales for the Surgery Division of SourceMedical. “By bundling our Advanced RCM solutions, we have made it easier and more cost-effective for ASCs to implement the necessary tools to automate the full range of patient and payor business transactions. In addition to low, predictable monthly expenses, ASCs will see a substantial reduction in manual processes and an increase in staff productivity.”
The Advanced RCM Solution includes SourcePlus AutoPost, SourcePlus Eligibility, Patient Statements, and Collections Manager. When added to the core SourceMedical management system, ASCs significantly enhance their RCM workflow by incorporating online insurance eligibility tools, auto payment remittance, and advanced accounts receivable reporting capabilities. The Advanced RCM Solution requires no upfront expenses, and low monthly fees include training as well as support fees.
Additional benefits ASCs will experience using the Advanced RCM Solution include:
- Reduced errors and claim rejections
- Expedited outstanding balance transfers to patients and secondary payors
- Increased upfront collections and cash flow
- Provides real-time individual payer eligibility and benefit data
- Reduced high costs and lengthy delays associated with manual in-house patient statement printing and processing.
For more detailed information on the Advanced RCM Solution and other RCM offerings available from SourceMedical, visit http://sourcemed.net/sourceplus/sourceplus-rcm/.
SourceMedical provides outpatient information solutions and services for outpatient ambulatory surgery centers and rehabilitation clinics nationwide. With a 30-year track record and more than 4,400 satisfied customers, SourceMedical is the trusted source for innovative applications, in-depth industry expertise, and unsurpassed customer service. The company’s unique end-to-end systems improve operational efficiency and cash flow while enabling healthcare facilities to capture, exchange, and analyze data to deliver a higher standard of patient care. For more information please visit http://www.sourcemed.net.