Revenue Cycle Management with DrChrono
Upgrade Your Medical Billing Experience
Complete RCM Service
Complete Transparency
Have insight into your claims, don't be left in the dark. With DrChrono your dashboard will let you see the whole process from the visit to deposit. In addition to the transparency, a dedicated RCM account manager will have continuous communication into your financials.
Proven Expertise
Our dedicated billing experts are knowledgeable about industry trends and best practices. Have peace of mind that your claims are being handled from patient check-in to back-end billing.
Improved Cash Flow
With a 96% clean claim rate, DrChrono RCM services work to improve your practice profitability. We offer you consistent workflows, continuous monitoring of claims and a decrease to your administrative tasks, so you focus on patient care.
All rejections are worked by our expert billers and submitted within 48 hours. Our team has in-depth knowledge on rejections and work closely with clearinghouse and insurance companies.
96%+
Clean Claim Submission Rate
48 Hrs
Turnaround on Denials
96%+
of Claims Paid Within 60 Days
$3 Billion+
in Claims Processed by DrChrono RCM to-date
Aaron H. West
DC
Amazing ability to have all services in one program- billing, coding, scheduling, inter-practice messages and on top of that all, the customizable templates and assistance with such are invaluable. They too both increased insurance collections (through the advice of billers on clinical documentation) as well as better time management.
Tim Duerler
Mango Medical
I've used a lot of EMRs over the years and I searched a long time to find a good solution for our small group private practice that was user-friendly from the provider side but also had the analytics tools needed to run the practice management. We also struggled to find a biller in-house that could manage our growing practice. We switched to the RCM services with DrChrono and have been very pleased with the billing team noticing an improvement in our collections and reduction of our costs.
RCM (Revenue Cycle Management) FAQs
RCM, or revenue cycle management, encompasses the process of medical billing and coding for a medical practice. Generally, those looking for RCM are interested in outsourcing their medical billing to a team of CPC coders and medical billing experts. This is a great option for practices that do not have the bandwidth to keep up with the volume of billing work at their office or practices that want to optimize their revenue cycle management by handing it off to a team of experts.
Medical billing software is a necessity for medical practices who do all of their billing in-house. The best medical billing software will streamline these workflows to reduce redundant data entry and increase productivity. With features like billing profiles, reporting dashboards and more, your practice will be able to perform all of the necessary billing functions and have an understanding of areas in need of improvement.
Revenue cycle management is another option for medical billing, but it outsources the billing work to a team of CPC certified coders and medical billing experts who will work on your claims in their revenue cycle software. These billing professionals are trained to improve your clean claims rate, cut down on denials and get your revenue on the right track. The best RCM software vendors will provide you with full transparency into the billing process while their medical billing experts work on your claims.
Value-Based Care or Value-Based Contracts have many advantages and can bring your company more revenue than Fee-For-Service contracts. No two practices are alike, so we encourage you to contact our sales team for a free, personalized consultation and detailed analysis of revenue forecast for your practice.
Click here to request a free demo.
Email our sales team at sales@drchrono.com, Call (844) 569 – 8628, or Text (650) 215 – 6343
While you do not need to use RCM services, you certainly could still benefit from them depending on the quantity of billing work at your practice. Having a team of experts able to ensure that your codes are accurate and patients are paying for the correct services provided will save you a lot of time. If you simply want to focus on providing great care to your patients instead of the ancillary tasks involved with operating a medical practice, RCM is a great option for you.
Yes! You can upgrade your plan when your practice is ready to utilize those services. DrChrono is a scalable EHR and medical billing solution, and we understand that your needs may change over time. Contact your account manager when you are ready to upgrade to our Apollo Plus tier for RCM (revenue cycle management) services.
Practices of any size could potentially be viable candidates to outsource their billing. Whether you choose to outsource medical billing or keep it in-house is a matter of comfort and understanding your revenue. There are certain checkpoints and metrics that indicate a practice should consider outsourcing billing.
The first thing to determine is whether or not your practice can afford the service. If you can afford it, and your patient and billing volume is becoming unmanageable for your staff, you should consider an RCM solution like DrChrono.
Moreover, when reviewing your revenue collections, look at the number of days in AR, clean claims rate and denials rate. These are strong indicators of the strength or weakness of your internal revenue cycle management.
Typically, things should only be in AR for 30 to 35 days. If your practice is above that towards 50 days, then something is seriously wrong with your billing process. You should also have a clean claims rate above 85% and a denials rate below 10%. However, even if your revenue process is going smoothly, it may be worth considering outsourcing billing to provide extra bandwidth to your staff and improve your overall numbers.
One reason to keep billing in-house is the amount of control and clarity you get into your own revenue. It can be difficult to trust an outside vendor with something so critical to your business. That’s why you have to make transparency a high priority when looking at RCM vendors. A clear look into every step of the revenue process by a team of experienced billers and coders will make it easier to know you’re in good hands.
Please submit a form for a Free Custom ROI Analysis and a DrChrono Sales Representative will reach out to you. The Sales Representative will work with you to create a Custom ROI Analysis of your practice if you were to use DrChrono’s RCM Services. This is completely FREE of charge, and there is no obligation to sign up for DrChrono.
Click here to request a free ROI analysis.
Yes! Here are some other methods of contacting the DrChrono Sales Team:
Email sales@drchrono.com
Call (844) 569 – 8628
Text (650) 215 – 6343
Want to Learn More?
Revenue Cycle Management
Medical Claim Lifecycle
