Automate the Revenue Cycle
Save Time, Reduce Costs and Optimize Resources
The remittance and reconciliation process for healthcare providers is often overcomplicated by time-consuming, repetitive, manual tasks. By automating the revenue cycle with RMS, you’ll be able to process ERAs in almost half the time, increasing productivity.
Save Time *
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86%+
Increase in Posting Efficiency
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67%+
Increase in ERA Efficiency
On average, the payment posting process takes up to seven minutes. ERA postings take up to three minutes. With RMS, it takes less than a minute to post remittance, reconciled to the matching payment.
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Reduce Costs**
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65%
Decrease in Cost
The average cost in labor for cash and reconciliation postings without RMS is $100,000. With RMS, that cost drops to $35,000.
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Optimize Resources***
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85%
Increase in FTE Flexibility
Offices that operate without RMS require an average of 1.9 full-time employees for cash posting and reconciliation, per 100,000 claims. Using RMS software, healthcare providers require only 0.2-0.3 employees for the same number of claims, allowing your staff to focus on more important tasks.
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* Data provided by CAQH
** Per 100,000 claims
***Data provided by MGMA
The Complete Automation Solution
Healthcare billing systems may provide partial automation, but they do not address the remittance and reconciliation process. RMS offers best-in-class automation solutions that integrate with all major healthcare billing systems and commercial banking partners to maximize automation.
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ERAs
Maximize the benefit of ERAs, including those provided by outside sources, by automating the payment reconciliation process.
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ANALYTICS
Utilize the interface for real-time tracking; you can also quickly configure and pull reports on health plans, patient payments, the payment mix and other insights.
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EOBs
Convert paper EOBs into postable electronic files (835s) to improve workflow efficiency and enable advanced research capabilities.
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PATIENT PAYMENTS
Simplify and integrate patient payment data from multiple sources (including lockboxes, checks and credit cards) for faster research and automated posting.
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ARCHIVE & RESEARCH
Consolidate existing and incoming remittance and reconciliation information with indexed fields for easy data retrieval.
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SUPPLEMENTAL SERVICES
Increase the speed and accuracy of claims submissions by using our advanced scrubbing tools to improve first-pass claim acceptance rates.
Fully Secure and HIPAA/HITECH Compliant
With RMS, You Get Added Value
In addition to the services you’d expect like EOB conversion, claims submission, secure data backup and storage, RMS provides added value extras.
- Time to Focus on Growing Your Business
- Increased Employee Productivity and Satisfaction
- A True Partner with the Expertise You Deserve
- Greater Access to Data
- Reassurance of Consistent Data Across Multiple Sources
- A Workflow Based on Rules You Define
- Improved Security
- 100% U.S Based—Your Data Stays Right Here at Home
Our dedicated team is with you every step of the way, providing continuous customer support and working to grow your business. Request a demo
Our Expertise in Action
We’re always refining, developing and reinventing the way we look at the healthcare remittance process. Our fully configurable automation tools translate into true gains for our clients. Learn more about who RMS is and how we operate