Currence Physician Solutions offers comprehensive Revenue Cycle Management services designed to optimize the financial performance of medical practices. With over 40 years of experience, Currence partners with healthcare providers to manage the entire revenue cycle—from billing and collections to financial analytics and practice consulting—allowing physicians to focus more on patient care.
Key Features and Functionality:
- Complete Billing Services: Handling all aspects of the revenue cycle, including billing, collections, appeals, adjudication, payment posting, comprehensive reporting, and refund processing.
- Lost Revenue Recovery: Utilizing analytic tools to identify gaps in the revenue cycle, recover lost revenue, and implement measures to prevent future losses.
- Accounts Receivable Monitoring: For practices managing billing in-house, providing monthly monitoring to ensure receivables align with industry and specialty norms.
- Financial Analytics: Offering real-time data insights to help practices understand financial performance, identify problem areas, and improve cash flow.
- Regulatory Compliance: Staying up-to-date with changing industry rules and regulations to reduce costly billing errors.
- Specialty Support: Assisting specialists with complex billing requirements to optimize revenue through proper coding practices.
- Software Expertise: Working with top medical Practice Management and Electronic Health Record software applications, including Practice Suite, Advanced MD, and eClinicalWorks.
Primary Value and Solutions Provided:
Currence's RCM services aim to prevent lost revenue and maximize profits for medical practices. By managing the entire revenue cycle and providing actionable financial insights, Currence helps healthcare providers improve collections by 5–10%, enhance cash flow, and ensure compliance with industry regulations. This comprehensive support allows physicians to dedicate more time to patient care, confident that the financial aspects of their practice are in expert hands.
