Revenue Cycle Management Services | I-Conic Solutions

Revenue Cycle Management Outsourcing Services

Do you need help navigating the complex maze of medical billing and reimbursements? Are you drowning in a sea of coding complexities, claim denials, and compliance challenges that are eating away at your practice’s financial health? We understand the overwhelming frustration of healthcare providers who spend more time battling administrative hurdles than focusing on patient care. We are here to help you reclaim your revenue and peace of mind.

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24+
Years of Experience
13+
Industry Verticals
5000+
Experienced Professionals
Entrust Your Revenue

We specialize in comprehensive Revenue Cycle Management Services that transform your healthcare practice’s financial performance. As expert RCM companies, we understand the intricate challenges of medical billing and offer a strategic approach that goes beyond traditional processes. Our advanced technology and deep expertise in the RCM process ensure maximum revenue optimization while maintaining strict HIPAA Compliance throughout every stage of the revenue cycle.

By choosing to outsource Revenue Cycle Management Services, you free your staff to focus on patient care while our professionals handle the complex financial backend. Our sophisticated RCM reporting provides transparent insights, helping you make data-driven decisions that streamline your billing workflows and reduce claim denials. We meticulously manage every aspect of the RCM cycle, from patient information capture to final payment collection, utilizing cutting-edge technologies and industry best practices. 

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Our Comprehensive Revenue
Medical Coding Services
  • Accurate Translation of Healthcare Services: Converts diagnoses, procedures, and equipment details into universally accepted alphanumeric codes.
  • Simplified Tracking and Reporting: Streamlines the process of documenting and tracking patient services.
  • Error-Free Coding: Minimizes the risk of claim denials and compliance issues by ensuring precise data entry.
  • Cost and Time Efficiency: Reduces the financial burden caused by denied claims and re-submissions, saving an average of $31.50 per claim.
  • Expertise in Standardized Coding Systems: Adherence to industry standards like ICD, HCPCS, CPT, and HIPAA.
  • Dedicated Verification Process: Ensures accurate patient information collection to avoid errors and maximize eligible insurance benefits.
  • 3-Step Auditing Process: Provides 98% accuracy in coding, enhancing claim approval rates.
  • Customizable Services: Flexible options to integrate coding and billing expertise as unified or separate services.
  • Optimized Revenue and Reduced Compliance Risk: Supports efficient claims management and increases revenue through reduced errors and faster turnaround.
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Medical Billing Services
  • Maximized Reimbursements: Streamlined billing processes to ensure timely and maximum reimbursements.
  • Efficient Claims Submission: Innovative software for accurate claims processing, patient data management, and streamlined workflows.
  • Custom Solutions: Tailored billing services to meet the specific needs of healthcare providers and optimize business objectives.
  • 3-Step Auditing Process: Achieves 98% accuracy in claim submissions, reducing errors and enhancing approval rates.
  • Compliance with Industry Standards: Expertise in ICD, HCPCS, CPT, and HIPAA to ensure adherence to regulations and reduce compliance risks.
  • Cost-Effective Operations: Minimizes operational expenses and overheads while maintaining high productivity.
  • Error-Free Claim Submission: Ensures smooth processing to avoid delays and denials.
  • Accounts Receivable (AR) Follow-Up: Reduces costs and improves revenue with diligent AR follow-up services.
  • Accelerated Payments: Improves payment timelines through efficient billing and submission processes.
  • Focus on Core Operations: Allows healthcare providers to prioritize essential business aspects by outsourcing billing management.
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Account Receivable Follow-Up
  • Maximized Reimbursement: Ensures you receive the highest possible reimbursement by following up on denied claims and reopening them.
  • Expert AR Technicians & Specialists: A team of experienced professionals skilled in Medicaid, Medicare, and commercial payer processing.
  • Diligent Follow-Up: Regularly scheduled follow-ups to track claim status and resolve any issues.
  • Effective Denial Management: Addresses difficult accounts, including denials and underpayments, to optimize reimbursement.
  • Comprehensive A/R Analysis: In-depth analysis of outstanding accounts to identify problem areas and take appropriate action.
  • Accelerated Cash Flow: Expedites collections and minimizes reimbursement concerns by reducing denials and write-offs.
  • Clear Insights into Rejections: Our research team identifies the root causes of claim rejections, allowing for quick resolution and timely action.
  • Targeted Approach for Difficult Accounts: Focuses on resolving difficult accounts, including low payments and claims denied by carriers.
  • Robust Follow-Up Strategy: Ensures consistent, proactive communication with insurance companies for claim status updates.
  • Post-Follow-Up Analysis: Compiles data from follow-up efforts to inform corrective actions for non-payments and outstanding AR collections.
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Patient Collections Services
  • Compassionate Approach: Balances patient well-being with revenue cycle goals, ensuring respectful and comfortable interactions.
  • Efficient Collection Methods: Specialized teams connect with patients early to facilitate payments before accounts become delinquent.
  • Secure Payment Processing: Ensures secure, reliable payment collection and processing.
  • Monthly Audits: Regular audits to verify patient balances and ensure accuracy in billing.
  • Proactive Communication: Follow-up calls after two patient statements to ensure timely payment.
  • Cold Account Handling: Identifies and refers cold accounts to collection agencies after thorough analysis.
  • Customized Payment Plans: Offers financial hardship discussions and flexible payment plans to accommodate patient needs.
  • Clear Documentation: Ensures all payment details are properly captured and posted to patient accounts.
  • Value-Based Service: Strives to create a positive experience for patients while maintaining effective collection practices.
  • Optimized Revenue Cycle: Works to reduce client workload, streamline patient collections, and improve overall efficiency.
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Patient Statement Services
  • Patient-Friendly Statements: Clear and easy-to-understand statements that help patients understand their billing details.
  • Efficient Statement Generation: Prompt generation and delivery of patient statements, both digitally and via traditional mail.
  • Transparent Billing: Provides a breakdown of outstanding and paid amounts, ensuring full clarity on charges.
  • Reduced Payment Delays: Minimizes confusion and delays by sending concise, transparent statements, reducing the need for follow-up calls.
  • Avoid Bad Debts: Prevents unnecessary third-party collections by ensuring clear and accurate statements.
  • Faster Payment Clearance: Low-risk, precise statements speed up payment processing and reduce payment delays.
  • Cost Savings: Helps reduce administrative costs and saves revenue through efficient statement management.
  • Speedy Turnaround: Ensures quick and timely delivery of patient statements, promoting faster payments.
  • On-Time Delivery: Guarantees timely mailing of both e-statements and traditional printed statements to ensure prompt action.
  • Simplified Billing Process: Streamlined process that enhances customer satisfaction and encourages quick payment decisions.
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Payment Posting Services
  • Accurate Payment Posting: Ensures proper recording of payments to prevent confusion and issues related to non-payment.
  • EOB and ERA Filing: Efficient handling of hardcopy and electronic Explanation of Benefits (EOB) and Electronic Remittance Advice (ERA).
  • Secondary Claims Processing: Manages the posting and reconciliation of secondary claims to ensure smooth payment cycles.
  • Denial Management: Swift processing of denials, including short payments and technical or clinical issues.
  • Manual & Electronic Posting: Handles both manual and electronic payment posting to ensure no payment is overlooked.
  • 99% Accuracy Guarantee: Ensures nearly flawless payment posting with a high level of accuracy.
  • Timely Financial Reporting: Provides financial reports and ensures a smooth revenue cycle within 24 hours turnaround time (TAT).
  • Cost-Effective Solution: Reduces administrative burden by outsourcing payment posting, allowing your in-house staff to focus on other tasks.
  • Prompt Issue Resolution: Quickly identifies and reviews improper payments and patient responsibilities for faster resolutions.
  • Streamlined Revenue Cycle: Facilitates efficient claim payments and accurate posting for a seamless revenue cycle.
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Denial Management Services
  • Quick Denial Identification: Swiftly identifies the causes of claim denials to prevent future issues and accelerate payment turnaround.
  • Thorough Claims Investigation: Investigates each unpaid claim, identifying patterns by insurance carriers, and appealing rejections appropriately.
  • Addressing Denial Causes: Works on the root causes of denials such as late submissions, duplicate claims, missing patient information, and inaccurate documentation.
  • Efficient Appeals Process: Drafts and submits proper appeal letters for denied claims, ensuring timely resolution.
  • Tracking Denial Trends: Observes and tracks key trends behind claim denials to avoid future rejections.
  • Improved Cash Flow: Reduces claim denials by up to 90%, improving the overall revenue cycle and reducing unnecessary appeal costs.
  • Faster Claim Approvals: Works to ensure quicker claim approvals, enhancing your cash flow and bottom line.
  • Minimized Rejection Risk: Helps resolve registration, billing, and coding errors to ensure claims are accepted on the first submission.
  • Data-Driven Solutions: Uses insights from claim trends to develop strategies that prevent future denials, leading to a more efficient revenue cycle.
  • Cost Savings: Reduces the average $118 cost per denied claim appeal, leading to better financial outcomes.
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Rejection Management Services
  • Prompt Rejection Handling: Quickly addresses rejected claims to prevent them from turning into revenue blockages.
  • Error Correction: Identifies and corrects errors in rejected claims, ensuring they meet the insurance company’s data requirements.
  • Thorough Screening Process: Rejected claims go through a meticulous screening process to rectify any issues before resubmission.
  • Optimized Claim Resubmission: Ensures that rejected claims are resubmitted with corrected documentation, improving the chances of approval.
  • Prevention of Future Rejections: Works proactively to prevent future rejections by maintaining high-quality documentation and meeting all requirements.
  • Efficient Revenue Cycle Management: Helps optimize the claim management process, increasing revenue and minimizing operational delays.
  • Expert Review: Our billing specialists carefully review all claims before submission, reducing the risk of rejection.
  • Timely Resubmission: Works quickly to resubmit rejected claims, ensuring faster processing and improved cash flow.
  • Diligence and Efficiency: Focuses on accuracy, timeliness, and efficiency to improve the overall revenue cycle management for healthcare providers.
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How I-CONIC Solution Benefit For

  1. We pay attention to transparency and effectiveness

    • When it comes to the US medical billing healthcare industry there is a dearth of companies which can provide best medical billing services and as one of the top medical billing companies we make sure that all the challenges faced by the industry today with manipulated demands, quality care for the patients, lack of transparency and blocking of funds can be dealt with a value based payment system and complete clearness.

  2. Our team is best in the business

    • Our well-formed team of experts is equipped to handle every challenge pertaining to the field of RCM medical coding and billing with utmost efficiency and promptness. We work extremely hard to guarantee increase in your financial performance while providing you with innovative solutions to make your revenue and profit turn around. We fit right into your pocket and merge seamlessly into any setup to provide advantage and value. We become a natural extension of your outfit and effortlessly provide all-in-one service to help you achieve your desired goals.

  3. We ensure reliability & ease of use

    • As an efficient service provider, we make sure that our around the clock accessibility and ease of use is state of the art in order to maintain a resourceful environment for our clients. With project managers prompting an easy and painless access, we are always at your disposal.

  4. We invest in innovative solutions

    • We are a firm believer in providing value-based solutions with confidence in resourceful investment practices, our wonderful staff and their innovative methods ensure competent management in order to handle any number of deliverables to guarantee complete ease to our clients.

  5. We realise a long-term vision for you

    • Revenue Cycle Management Services in Medical Billing is evolving, and we are a part of that change which can help you redefine Healthcare growth with the help of our unique and consumer-friendly approach. We want you to focus on patient care, improving technology in healthcare, and making our society a trustful environment for everyone to thrive in. I-Conic Solution is a forerunner in making your Revenue Cycle Management and medical billing needs as effective and effortless as possible.
Case
Urgent Care Practice Billing
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DME Practice Billing
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Lab
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Family Planning Clinic
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Transitions Care Clinic
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Family Medicine Clinic
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Radiology – Diagnostic Radiology
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Durable Medical Equipment
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Client
This is to provide feedback regarding my experience with your company's services. Overall, I am impressed with the level of billing services, efficiency, professionalism and team members that your esteemed company have. Your Gems, Dibyanshu, Vivek and their team members are well equipped with the great grip on their work and are performing best of best. So far, I do not see any areas where I believe there is room for improvement. Cheers to the team
From President of Illinois based DME provider
The Team has brought visibility in our collections. They identified many billing errors and put us through corrective guidelines. Thank you so much guys
From DME Consultant in New York.
The team has demonstrated that they are capable of leading an effective teamwork and the proof is in our collections. They has been leading our billing team since May, when we transitioned from our former billing company. They lead the setup of their team and a seamless transition. They have identified a number of areas for improvement that have resulted in more cash in the bank.
From CFO of New York based Urgent care Facility
I have worked with this team for more than 1.5 years and continue to do so. They are extremely knowledgeable with Medical Billing and Revenue Cycle Management. They are also complete professional. I highly recommend them!
From COO of California based Urgent care Practice
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