Revenue Cycle Management (RCM)
Revenue cycle management can be a challenge in a time when declining reimbursements and tightening margins can contribute to a host of issues, especially surrounding the financial resources necessary to support your operations.
Panacea Pro Corporation is the industry’s leading physician billing and Revenue Cycle Management Company for all major vendor platforms. For more than 6 years, we have been delivering the experience and expertise you need to fine-tune your operations and realize your organization’s peak performance.
We serve as intermediaries between health care providers and insurance companies, be they private or government-owned. Our process involves collecting fees from insurance companies in order to compensate healthcare providers for their services. We provide a full range of proven medical billing and revenue cycle management solutions, fusing our industry-leading technology and finest professionals to maximize revenue and significantly reduce days in accounts receivable.
The industry average of 75 days in accounts receivable is unacceptable to us. Our unmatched approach can reduce your accounts receivable on average by 30 days. With our unique claim management process, we resolve over 90% of denied claims, often reducing bad debt expense to as little as 3%. For some, that has meant millions of dollars in additional revenue.
Clients rely on our medical billing and revenue cycle management process rather than handling their billing on their own. We save physicians and their practices valuable time that they can instead devote to providing better care to their patients, and their expertise ensures that the medical billing procedure is carried out correctly. This makes the process easier on the insurance companies, and enables doctors to receive their payments in a more timely fashion.
Whether you are a sole practitioner, part of a physician’s group, a medical transportation company, a medical equipment company, a physical therapist, a mobile imaging company… anyone who bills public and private insurers – Panacea Pro Corporation specializes in maximizing your collections while simultaneously eliminating your financial and human resource headaches, so you and your staff can focus on delivering unsurpassed patient care and you can have access to your money right away.
In short, our approach has helped improve our client’s financial performance beyond expectations.
Remember: if you don’t get paid, we don’t get paid. It is in our mutual benefit to collect the full reimbursement for services rendered.
While outsourcing medical billing is not necessarily the right move for everyone, we strongly encourage you to Contact us to learn about how we can help you increase revenue while reducing headaches.
