Solution Suites
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RKB connects the dots by utilizing technology based services that provide continuity and seamless processing by removing the human touch points in the revenue cycle. Most importantly, at critical intersections, RKB brings a seamless synergy with complete transparency to the user.
RKB – Healthcare and Banking Consultants focusing its efforts on Payment (Revenue) Cycle Management after carefully examining the issues confronting providers today. How to improve positive cash flow and/or accelerate the payment process along with providing cash flow forecasting and analysis tools that allow providers to make better business decisions. There is a serious underpayment problem with providers today and reconciling payments, claims and contract arrangements to EOB statements represents a key strategy for the company. While there are many vendors in the market that have solutions that address a single specific problem, very few, if any, can bring a complete suite of products and services that are integrated into one seamless solution tailored to meet the needs of the client. RKB has completed that task and adds new capabilities continuously. A single source solution now exists in RKB. RKB takes responsibility for delivering solutions in a timely and economic model that best fits the buyer’s business plan and operating budget. RKB offers Internet-based revenue cycle management products and services to healthcare providers that increase your performance and profitability through a unique blend of consulting we are able to deliver the optimum set of products, services and technology. Our comprehensive suite of solutions is able to integrate with your existing technology achieving an unparalleled degree of visibility and control of your data. Improving efficiency reduces costs, increase cash flow and more efficiently manage the complex revenue and payment cycle and clinical information exchange processes. |
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New Products in Review
“The new MedView release is a huge step forward for our company and for the healthcare industry," said Jay Brenner, at RKB. “We listened to the feedback of our healthcare clients at all different levels of the payment cycle management process. They all had distinct analytical and reporting needs and wanted a solution set that that was efficient, affordable and created specifically for them. The new MedView modules are the direct result of that feedback." |
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Product Updates
Have you visited RKB’s Web site lately? We’ve recently added a client questionnaire for you to use so that we can get a better understanding of your day-to-day needs so that we can better address your needs to improve your profitability and the performance of your people. As always, you can sign up to receive e-mails when we post news, tips, Q&A, and other helpful information to our news feed. |
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Best Practices
Over the past few years hospitals, provider groups, and billing organizations have developed new revenue cycle management best practices to address today’s requirements. To better address your ever-changing needs we are coming up with a top list to make sure that you stay on target. Best Practices Patient Eligibility-Estimate Patient Responsibility-Critical Data Access and Visibility-Proactively Handle Denial Management-Patient Payment Portal- Payment Plans-Policy to Handle Self-Pay Accounts-Proactive Claim Status Monitoring-Automatically balance reconcile and re-associate all of your financial transactions against all of your healthcare claims |
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What's on the Horizon
The best principles in revenue cycle management boil down to simple ideas, building on the flexibility for the patient and the payer to pay securely, including:
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Denial Management
Maximize your reimbursements - Minimize your headaches RKB is focusing its efforts on a complete (Revenue) Cycle Management solution after carefully examining the issues confronting providers today. How to improve positive cash flow and/or accelerate the payment process along with providing cash flow forecasting and analysis tools that allow providers to make better business decisions. There is a serious underpayment problem with providers today and reconciling payments, claims and contract arrangements to EOB statements represents a key strategy for your practice. |
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Measuring Success
While the revenue management community spends a significant amount of effort devising strategies and deploying tactics to optimize revenues, many revenue managers still lag when it comes to establishing and measuring agreed upon success criteria, often leaving revenue management professionals to defend their actions with insufficient means to a skeptical audience. To be truly effective in the job, devising, implementing and agreeing on “what success looks like” is, in many cases, as important as the activities themselves and will go a long way to support a revenue manager’s success story. What are some of the challenges?
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Time Is Money
Healthcare is one of few industries where services are not paid for when they are received. Typically, one party (such as a doctor or hospital) provides services to a second party (a patient), but a third party (a health insurance carrier) is often involved in facilitating financial reimbursement for the services provided. Money keeps the practice in business. Each phase of the revenue cycle is important, from payer contracts to charge capture and collections. Knowing how to manage the revenue cycle not only ensures the financial viability of the practice, but also minimizes the time and effort spent collecting payment for services rendered.
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If your facility offers Patient-Friendly-Payment options, please post your free listing in the PFP national database for patients to locate you:
Patient-Friendly-Payments.com |
