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Revenue Cycle Management By Paul parmar

Revenue cycle management By Paul Parmar

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Beginning in the early 2000’s, punditshave forecast major changes for the healthcare industry, especially in the area of Revenue Cycle Management (RCM). With the passage of the Patient Protection and Affordable Care Act (PPACA) and the Health Information Technology for Economic and Clinical Health Act (HITECH) their prognostications were assured.

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Page 1: Revenue cycle management By Paul Parmar

Revenue Cycle Management By Paul parmar

Page 2: 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.

Page 3: Revenue cycle management By Paul Parmar

RCM companies today

Page 4: Revenue cycle management By Paul Parmar

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.

Page 5: Revenue cycle management By Paul Parmar

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.

Page 6: Revenue cycle management By Paul Parmar

Full Service Medical Practice Service Companies of the future

Page 7: Revenue cycle management By Paul Parmar

Thank you