Revenue Cycle Management
Available from MedAct Software
Revenue cycle management commences with the first order and ends with collections. MedAct automates and simplifies collection practices by a comprehensive approach to manage the account workflow. MedAct provides billing managers with the visibility you need to follow up on outstanding payers, patients and other collection tasks. The core MedAct solution is complimented by Collect Plus in the collection stage of the revenue cycle. MedAct has all you need to increase AR turnover, reduce claim denials and get paid faster.
MedAct understands the realities of revenue cycle management and translates these to an integrated successful process. DME businesses can depend on MedAct to increase net revenue, increase net collections, and reduce the cost associated with collections and make cash flow more predictable. MedAct with Collect Plus integrated solution allows billing managers a way to work account lists using a systematic approach of calls and letters to complete a collections queue. MedAct takes the guesswork out of collection management by prioritizing collections by payer, plans, balance or age.
Good revenue cycle management practices include visibility into business processes and the ability to prioritize the activities and tasks that will net the highest return.