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Physician practices have turned to RealMed for essentially three reasons:
- to speed up cash flow and decrease days in accounts receivable across all payers,
- to improve operating efficiency and make their processes more uniform for all payers,
- to better understand key patterns in their practice that could help maximize revenue and administrative efficiency.
RealMed's service offering combines real-time transaction capabilities with batch and behind-the-scenes automation so that practices can focus more on exceptions and less on routine, repetitive tasks such as the act of submitting a claim, checking an eligibility, obtaining the status of a claim or posting a remittance advice. The solution allows practices to find the optimum workflow approach to various ongoing processes that best meets their needs.
In addition to making routine processes more efficient, the RealMed solution provides timely, often immediate, information on all aspects of claims payment. This enhancement of a practice's knowledge - what you know and when you know it - fosters prompt, remedial action leading to improved results.
In support of the whole revenue cycle management process, RealMed has incorporated analytical production and historical reporting into ongoing practice workflow so that needed data is at your fingertips. RealMed's reporting capability offers the ability to see patterns and drill down to detail in order to search for claim- or patient-specific information with ease - all on RealMed screens - as a simple set of clicks.
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