Revenue Cycle Management By Paul parmar
Introduction RCM companies will vie for dominance in the
coming years. The companies that have the scale, creativity, and dynamic leadership to deliver on the vision outlined above will be the only companies to successfully transition from an RCM service provider to a viable partner for the healthcare practices of the future. Mr. Parmar recently predicted that of the 3000 small billing companies operating today, less than 10% will be around in 5 years.
RCM companies today
Paul Parmar is the innovative CEO of Pegasus Blue
Star Fund, a private equity fund specializing in Healthcare Services Investments has over 20 years of experience investing and managing Healthcare Services companies in the areas of Cancer treatment centers, Surgery centers, Practice management, Medical Group Purchasing Organizations, EHR, Medical Revenue Cycle Management, Patient Portal, Claims Optimization, Claims Authorization, Patient collections, Bad debt collections etc.
Needs of the Healthcare Practices of the future
Patient Scheduling, demographics, and pre-authorization.
Symptom analysis and diagnostic support. Coordination and scheduling of test
procedures and lab analysis. Electronic storage of patient record storage
and retrieval. Voice recognition and automated
transcription. Automated coding of procedures based on
automated transcription. Automated quality control and coding audit.
Full Service Medical Practice Service Companies of the future
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