Revenue cycle management (RCM) and provider credentialing are two highly important responsibilities for every healthcare practice. Unfortunately, they are also two responsibilities that can take a lot of time and resources to complete.
The good news for healthcare practices that are struggling to keep up with the various demands that these all-important tasks entail is that outsourcing your RCM and provider credentialing needs to a reputable revenue cycle management and credentialing service is a simple way to save you and your staff a lot of hassle. In this article, we will explore the many benefits of Bikham Healthcare’s industry-leading RCM and provider credentialing services in addition to explaining why having RCM and credentialing handled by the same service can increase your revenue.
The Benefits of Bikham Healthcare’s RCM Services
Effective revenue cycle management is essential for ensuring that your healthcare practice receives as much payment as possible for the services that it provides. At Bikham Healthcare, we handle all aspects of RCM, including benefits and eligibility verification, coding and submission, AR follow-up, denial management, appeals/medical necessity, EOB/ERA posting, patient statements, and revenue enhancement meets. This comprehensive approach to RCM frees you and your staff up to focus on growing your practice while at the same time ensuring optimized revenue management and providing you with actionable insights that you can use to assess your practice’s financial standing.
The Benefits of Bikham Healthcare’s Provider Credentialing Services
Provider credentialing and enrollment is often a time-consuming and frustrating process even when you know exactly which insurance companies you want to participate with. At Bikham Healthcare, we take the pain out of provider credentialing and enrollment by handling the entire process on your behalf via services such as network research, application filing, application follow-up, appeals for closed panels, and beyond. In addition to eliminating a massive burden from your list of responsibilities, our provider credentialing and enrollment services also help you avoid errors that could otherwise lead to application rejections and costly delays.
How RCM and Provider Credentialing Done by the Same Service Boosts Revenue
On their own, there are a number of different ways that high-quality RCM and provider credentialing services can increase your practice’s revenue. From eliminating delay-causing errors to providing you with a completely transparent RCM process to freeing you and your staff up to spend more time growing the practice, the right RCM and credentialing services can do a lot to improve your practice’s bottom line.
When completed by the same service provider, though, RCM and provider credentialing services are even more beneficial. For one, working with a single service provider for both your RCM and credentialing needs allows your provider to really form a complete understanding of your practice and the exact services it needs to maximize its revenue.
Since RCM and provider credentialing are closely related, often-overlapping responsibilities, having both of these services handled by the same provider also creates a more efficient process that can be completed faster and that is less prone to errors.
Finally, we at Bikham Healthcare are proud to offer steep discounts to healthcare practices that sign on for both our RCM and credentialing services, allowing you to save a lot of money compared to what it would cost to purchase these services separately and further boosting your practice’s revenue. You can use our credentialing cost savings calculator to see an estimate of the money you can save by outsourcing your credentialing needs to Bikham Healthcare.
Let Bikham Healthcare Help With all of Your RCM and Credentialing Needs
Outsourcing your RCM and provider credentialing responsibilities to a single, reputable service provider is by far the easiest way to reduce the burden of your healthcare practice’s staff and ultimately grow its revenue. If you would like to learn more about the industry-leading RCM and credentialing services that we offer at Bikham Healthcare and the wide range of revenue-boosting benefits that these two services provide, be sure to contact us today.
