Are You Efficient? Revenue Cycle Assessment (RCA)

MAG Mutual HealthCare Solutions, Inc. (MMHSI), your medical publication and practice consulting resource, presents an on-site assessments that addresses your number one question, “Why am I working harder but making less?”

Key Elements Include:

• Finding out how much money you should be making/spending
• Prospective documentation and coding assessment
• Fee schedule analysis for top utilized services
• Assessing the effectiveness of your coding/management staff
• Establishing financial goals based on information reviewed

Step 1: Revenue Collections and Overhead
Find out exactly what the ratios should be for your practice based on peer data. Charges, Revenue, Accounts Receivable, Collection, etc.

Step 2: Documentation and Coding Assessment
The consultant will review top services provided and compare documentation with corresponding code selection. We will then analyze your fee schedules/ reimbursements and make recommendations as needed.

Step 3: Understanding EOMBs
The consultant will analyze your EOMBs with your coding and billing staff to identify common denials and help ensure future denials are minimized.

Step 4: Human Resources Evaluation & Overhead Analysis
The consultant will review the number of FTEs, personnel manuals and staff salaries, health insurance, and other overhead expenses as needed.

Step 5: Establishment of Goals
MMHSI will work with you to establish solid goals for your practice in order for you to obtain the salary you deserve.

Step 6: Physician Close Out
The consultant will review a summary of recommendations with physicians and management.