OPPORTUNITIES

REDESIGN THE REVENUE CYCLE TO MAKE IT A MORE FRONT-END DRIVEN PROCESS

REDESIGN THE REVENUE CYCLE TO MAKE IT A MORE FRONT-END DRIVEN PROCESS

We deliver true results, focusing on strategic decisions and practical actions tailored to our clients' unique reality.

  • Healthcare costs have shifted.
  • 30% of the average healthcare bill now comes from the patient’s pocket.
  • The National Center for Health Statistics estimates that nearly 40% of healthcare consumers are now on high-deductible health plans (HDHPs).
  • Out-of-pocket expenses for patients with employer-provided insurance have increased by more than 50% in the past eight years.
  • • More than half (58%) of a medical provider’s bad debt now comes from outstanding patient balances. Improvements in point-of-service collections enable medical providers to realize a relatively untapped source of revenue and reduce bad debt. A patient may have insurance, but that does not mean it will cover a particular procedure, or might require some type of authorization. Although the idea of collecting money up front seems pretty basic, it’s surprisingly still less enforced by medical practices where much of that work is typically done on the back end.
  • SquadRCM provides the most modern tools and strategies to improve patient pay. Getting it right and securing payments on the front end, helps reduce a provider’s cost to collect, and reduces the exposure to bad debt.

EARN ADDITIONAL BONUS BY PARTICIPATING IN VALUE BASED CARE INITIATIVES

  • US congress through MACRA (Medicare Access and CHIP Reauthorization Act) legislation has implemented Quality Payment Program (QPP) where clinicians can earn additional bonus by participating in value-driven care programs. Bonuses are determined by how well clinicians score in four performance categories: quality, clinical practice improvement, cost and interoperability. There are two types of participation models:
  • MIPS (Merit Based Payment System)
  • AAPM (Advanced Alternative Payment Models) like MSSP through ACO participation.
  • SquadRCM can help medical providers navigate this new value-based reimbursement health care environment through readiness assessment, planning and execution of the program. SquadRCM can also track, optimize, and submit MIPS performance measures to CMS and can help you increase your score just using RCM data, without changing workflows.

Executive Team

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

CEO

Maria Smith

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur

Budget Manager

Earl Lee

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur

Tax Adviser

Joshua Wood

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur

Auditor

Antonia Green

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur