It is a popular healthcare software and enjoys a considerable reputation among its users for its distinct functionalities among EMR vendors. But today, we will concentrate on its revenue cycle management solution. Many EHR systems offer this solution for sure, but Centricity takes this solution to a whole new level. Experts also included the RCM service of Centricity demo.
For those who are new to the EHR industry, RCM stands for revenue cycle management. Almost all electronic health records software offers this feature and works by integrating with the EHR module. However, if you are interested in discovering the true potential of your practice, you need software that comes with a comprehensive RCM service. A name that tops the chart in terms of this solution is Centricity EMR.
What is Revenue Cycle Management Solution?
Before jumping into the RCM solution of the software, it is compulsory to know how this solution works and why you need it in your clinical routine? To answer this in layman’s terms, we will say that it is a solution capable of handling all financial activities electronically. In this digital time, people like to do things conveniently, and this is what this service is all about. Furthermore, it aims at lessening the burden of physicians and clinical staff.
It is a value-based solution that works, focusing keenly on enabling physicians to get their hands rightfully on the revenue they deserve. For achieving this, one thing is needed the most, and that is client satisfaction. So, along with handling financial processes, it simplifies administrative tasks too. It then allows physicians to devote their attention to their patients that lead to better clinical outcomes.
An intact RCM solution is the one that manages billing processes, supports medical coding, handles claims management from creation till submission, enables data sharing, and performs insurance eligibility checks. All these functionalities are embedded in the competent RCM module of Centricity software. You can take a look at these features of Centricity EMR practically by setting up a demo. This system works smoothly, leaving no gaps in the financial workflow.
Demo About How Centricity RCM Works For Larger Practices
It is quite a challenging task for large-scale healthcare centers to manage their financial processes like claims, bills, pending payment balances, and all that on their own. And this is where this robust platform comes into play. Here we have shared a demo of the whole process of Centricity’s revenue cycle to let you know how it works. Basically, it breaks down the entire process into bits and pieces to make it easily manageable and offers outstanding features for simplifying it.
There’s nothing more frustrating for physicians than having to wait for patients if they miss appointment time. That’s why this system features a scheduling tool that can fix appointments and makes appointment schedules available to patients. Its extensive scheduling functionality even accounts for break time. It also takes into consideration appointment alerts and reminders.
Insurance eligibility issues are common in clinical practices, and these significantly affect revenue collection. Centricity in its demo shows that it verifies insurance and referral details to ensure there is no compromise in the authorization process. In addition, it has a team of experts to look into patient demographics and payment details, etc, to prevent denials.
Codes can do more harm than good if not incorporated properly. The entire base of the revenue cycle revolves around medical codes. It is not about assigning codes; it’s about embedding them properly. Centricity experts use these codes for filling in invoices and claims. Along with that, they use modifiers which play an essential role in the coding process.
When it comes to claims, it is vital to fill in the information correctly; otherwise, the claims get rejected. In larger practices, it is common to submit squeaky claims that get in the trash and affect cash flow. Centricity does an excellent job filling in accurate information using the patient records and increasing the chance of accepted claims.
Centricity EMR’s demo also shows how effectively it scrubs claims to filter false claims. Claims loving is indeed, and claims scrubbing is indeed a challenging task, but with this EMR, it has become easy and effective. Centricity scrubs claims through both automated and manual edits, leaving no room for errors.
The next step in this process is, claims transmission or submission. This software helps with that too to by insurance all claims are submitted on time. In most cases, physicians fail to submit claims on time and miss deadlines, burdening their practice. Centricity transmits claims three times faster and thus speeds up processes.
The next thing that comes under revenue cycle management of Centricity is identifying payments under process and due payments. Experienced EOB experts of this software put in efforts to manage payments effortlessly. They also make sure that all cheques are cleared on time. They keep tabs on outstanding balances, too, to ensure physicians get paid.
All these steps, when combined, shape a comprehensive revenue cycle solution. However, you can get a much better idea about how it works by scheduling a demo by contacting Centricity experts.
What Centricity EMR Costs For its Demo?
An interesting fact is that Centricity EMR features an absolutely free demo facility for all its clients. You can benefit from this service by scheduling a demonstration at your convenience. There is no restriction of time or location so that you can avail this service from any corner of the world with no hindrance. Customer support is also available 24/7, so you can clear all your queries side-by-side instead of compiling them.