Medical Billing
Services
Acrev Solutions provides versatile and budget-friendly billing solutions that cater to all the requirements of your practice. With our comprehensive managed billing service, you'll find everything you need conveniently located in one place.
Understanding Cost-to-Collect?
- The cost-to-collect calculation typically includes the direct and indirect costs associated with billing, claims processing, denial management, payment posting, patient collections, and other related activities.
- These costs may include personnel salaries, software and technology expenses, postage, paper supplies, outsourcing fees, training costs, and overhead expenses.
Cost-to-Collect =
Total Expenses Incurred in Collecting Revenue
Total Amount Collected
Why avail our Medical Billing Services?
- By outsourcing all your associated functions of medical billing to Acrev Solutions, we are committed to helping you improve your cost-to-collect by 18%.
- We recognize the importance of this metric in evaluating the efficiency and profitability of your revenue cycle.
- Many medical billing companies and providers often overlook industry standard norms for cost-to-collect, which can have a negative impact on the financial health of your practice.
- However, at Acrev Solutions, we prioritize cost containment and operational efficiency to ensure your revenue cycle performs optimally.
Functions included in Medical Billing Services:
Patient Eligibility & Benefit Investigation
Charge Entry
Medical Coding Review
Edits & EDI Rejections Control
Payment Posting
Accounts Receivable (AR) Management
Claims Denial Management
Patient Inquiries & Collection Center
Patient Statements Processing
Monthly KPI Reporting (RevDash | RevOpt)
Acrev Solutions Empowers You to
Achieve Financial Resilience by Engaging our
Revenue Cycle Management (RCM) Experts.
