Revenue Cycle Management

Revenue Cycle Management (RCM) is the administration of financial transactions that result from the medical encounters between a patient and a provider, facility, and/or supplier. These transactions include, without limitation, billing, collections, payer contracting, provider enrollment, coding, data analytics, management, and compliance.

From claims submissions and receivables to coding and compliance, Synergy Concepts can help you run your billing processes efficiently.

Improve Revenue Cycle Operations

A major part of accurate billing is submitting accurate claims to both commercial and governmental insurance providers.

Maintaining efficient revenue cycle operations is a challenge for most healthcare organizations, however, Synergy Concepts has identified ways to improve them. Our revenue cycle management services fill the gaps in your billing and collections processes so they work more efficiently for your administrative and accounting personnel and patients.

Managing All the Information

To operate a successful practice, managing the financial process is vital to the success of your addiction treatment behavioral healthcare facility. From registration and appointment scheduling to the final payment of a balance, Synergy Concepts wants to help you be successful.

Analyze to Capture Payments for Accounts Receivable

We offer an effective RCM system that can reduce the amount of time between providing a service and receiving payment by interacting with electronic health records and medical billing systems as your patients move through the addiction treatment behavioral health process.

We know that the information going into your system is vital to the medical billing process, but knowing everything about your accounts receivable is the final part of managing the revenue cycle. Having the capability to run reports and analyze the status of your accounts receivable is vital to understanding the health of your practice.

Reduce Your Operating Costs

We go beyond improving revenue cycle workflows. Synergy Concepts leads addiction treatment behavioral health facilities and clinics to reduced operating costs and steadier cash flows. Ultimately, partnering with our revenue cycle management experts ensures operational best practices. This allows every employee in every area of your organization to focus on delivering quality care for your patients.

Employing a comprehensive revenue cycle management team increases cash collections for even the largest, most complex billing departments. Using our up-to-date software tools, analytics, detailed reporting, and clear revenue cycle best practices ensures your billing and claims are collected.

Synergy Concepts’ revenue cycle management services will help you improve all areas of your behavioral health billing operations. Contact us with your questions about how to improve your revenue cycle management.