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Revenue Cycle Management

Streamline Operations, Lower Expenses and Scale Revenue

Services

End-to-End Revenue Cycle Management

We provide specialty-specific, end-to-end or targeted revenue cycle management services aimed at reducing total cost, improved net patient revenue and enhanced patient outcomes for practices of all sizes.

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Front End Revenue Cycle

Employee entering medical codes into EHR software.

Mid Revenue Cycle

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Back End Revenue Cycle

Smiling customer support executive.

Support Services

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Benefits

Why Leading Healthcare Organizations Partner With BHS

Expertize You Can Trust

At Bristol Healthcare Services we take great pride in providing award-winning revenue cycle management services at an affordable price to practices and billing offices across the country. Our team of certified and experienced billers and coders; equipped with state-of-the-art technology, specialize in maximizing profitability for over 40+ specialty based practices.

  • Save up to 40% on out-of-pocket expenses.
  • 100% patient data registration accuracy.
  • Accurate and compliant coding by AAPC & AHIMA certified experts.
  • Incorporation of up-to-date codes of ICD, CPT and HCPCS into your practice.
  • Strict adherence to LMRP standards and NCCI edits.
  • Hassle-free and rapid billing system module.
  • 12 - 24 Hour turnaround time.
  • Get paid on time and collect 100% of what’s owed.
  • Streamline payment receipts.
  • Increased and sustainable productivity.
  • Proven expertise in 35+ billing and EHR software.
  • Improved brand image and reputation.
  • Absolute HIPPA & HITECH regulations adherence.
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Let's Connect

Unlock Your Practice’s True Potential

Schedule a no-commitment free demo and explore how partnering with Bristol Healthcare Services can help elevate your practice’s profitability.

Connect Now
RCM Expertise

Maximizing Your Revenue Potential

At Bristol Healthcare we understand that navigating the complexities of healthcare revenue cycle management can be daunting. That's why we're here to offer comprehensive revenue cycle management services tailored to your practice, hospital, or billing office's needs. With our unwavering commitment to excellence, we ensure that our clients achieve maximized reimbursements and streamlined processes, ultimately enhancing profitability and efficiency.

  • Process Expertise: Backed by years of industry experience and a team of seasoned professionals, we bring unparalleled expertise to every stage of the revenue cycle. From patient registration to claims submission and follow-up, our thorough understanding of healthcare billing regulations and best practices ensures accuracy and compliance at every step.
  • Coding Accuracy: Accurate coding is paramount to optimizing reimbursements and avoiding costly denials. Our certified coders stay up-to-date with the latest coding guidelines and regulations, meticulously assigning the appropriate codes and modifiers to each patient encounter. This attention to detail minimizes errors and maximizes revenue potential for our clients.
  • Billing Efficiency: We recognize the importance of efficient billing processes in maintaining cash flow and profitability. Leveraging advanced technology, automation tools, and streamlined workflows, we expedite the billing process without sacrificing accuracy. Our automated systems flag potential issues early on, allowing for prompt resolution and faster reimbursements.
  • Accounts Receivable Prowess: Managing accounts receivable is a delicate balance between maximizing revenue and minimizing aging balances. Our dedicated team employs proactive strategies to reduce AR days and accelerate cash flow. Through timely follow-up on unpaid claims and effective denial management, we optimize collections and improve financial performance for our clients.
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$380M
Demo Entered
Per Year
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$300M
Charges Entered
Per Year
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1.5M
Medical Charts Coded
Per Year
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$160M
Payments Posted
Per Year
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Our Process

Purpose-Built Revenue Cycle Management Processes

  • Patient Registration and Insurance Verification: Accurate demographic and insurance information collection ensures a smooth revenue cycle process from the outset. Learn more.
  • Charge Capture: Timely and accurate capture of services rendered is essential for maximizing revenue. Our system ensures that no charge slips through the cracks. Learn more.
  • Coding & Coding Audits: Our certified coders assign the appropriate codes based on documentation, ensuring compliance and maximizing reimbursements. Learn more
  • Clinical Documentation Integrity: Our seasoned professionals are adept at reviewing documentation, identifying inaccuracies, and ensuring timely rectification. Learn more.
  • Claims Submission: We utilize electronic claims submission for faster processing and fewer errors, expediting reimbursement turnaround times. Learn more.
  • Claims Follow-Up: Our AR team diligently tracks the status of submitted claims, following up on any denials or delays promptly to resolve issues and expedite payments. Learn more.
  • Payment Posting: Payments are promptly posted and reconciled with claims, ensuring accurate accounting and financial reporting. Learn more.
  • Accounts Receivable Management: We actively manage accounts receivable, pursuing unpaid claims and aging balances to optimize collections and reduce AR days. Learn more.
  • Denial Management: By identifying common denial trends and implementing proactive measures, we minimize denials and maximize revenue recovery. Learn more.
  • Reporting and Analysis: Regular reporting and in-depth analysis provide insights into revenue performance, allowing for continuous process improvement and optimization. Learn more.

    • With Bristol Healthcare, you can trust that your revenue cycle is in expert hands. Let us partner with you to unlock your practice's full revenue potential and achieve sustainable profitability. Schedule a free demo of our revenue cycle management services today, and experience real results.

FAQs

Your Questions Answered

Revenue cycle management (RCM) refers to the financial process of managing claims, payments, and revenue generation in the healthcare industry. It encompasses all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue.
Effective revenue cycle management is crucial for healthcare organizations to optimize financial performance, streamline operations, and ensure timely reimbursement for services rendered. It helps maximize revenue, reduce billing errors, improve cash flow, and maintain compliance with regulations.
The key components of the revenue cycle include patient registration, insurance verification, charge capture, coding, claims submission, payment posting, accounts receivable management, denial management, and reporting/analysis.
Outsourcing revenue cycle management to specialized companies can provide several benefits, including access to expertise and technology, cost savings, improved billing accuracy, faster reimbursement turnaround times, and enhanced focus on core clinical activities.
Common challenges in revenue cycle management include billing errors, claim denials, delayed payments, complex regulatory requirements, inefficient processes, staffing shortages, and inadequate technology infrastructure.
Healthcare organizations can improve revenue cycle performance by implementing best practices such as streamlining workflows, optimizing coding accuracy, leveraging technology for claims processing, conducting regular staff training, monitoring key performance indicators, and implementing denial prevention strategies.
Coding accuracy is critical in revenue cycle management as it directly impacts reimbursement rates and claim denials. Proper coding ensures that healthcare services are accurately documented and billed, maximizing revenue while maintaining compliance with coding guidelines and regulations.
Healthcare organizations can reduce accounts receivable days by implementing efficient billing and collections processes, promptly following up on unpaid claims, minimizing claim denials, offering multiple payment options for patients, and regularly monitoring and addressing aging accounts.
Common reasons for claim denials include incomplete or inaccurate patient information, coding errors, lack of medical necessity, timely filing limits, and non-covered services. To prevent denials, healthcare organizations should implement proper training, utilize technology for claims scrubbing, conduct regular audits, and address the root causes of denials.
Revenue cycle management software automates and streamlines various administrative tasks, such as claims processing, billing, and collections. It provides real-time visibility into financial data, identifies areas for improvement, reduces manual errors, accelerates reimbursement cycles, and enhances overall operational efficiency.
Testimonials

What Our Clients Say

Together with our clients, BHS experts partner to achieve desired outcomes
and push the boundaries of what's possible.

“Jay – Great. I really appreciate your in-depth analysis on our outstanding. Your AR recovery process has been excellent.”

Client, CA

“We greatly appreciate the conscientious nature of your team. Their concern for quality is clear in the work that they perform.”

Client, TX

“Your attention to detail is excellent. Thanks for catching my staff’s error. I just love talking to Ray about process improvements.”

Client, CA

“Jay! Thanks to you and your team for formulating a winning team! I am proud to be aligned with you guys!”

Client, CA

“Our partnership with Bristol proved to be a game-changer. Their expertise in revenue cycle management and their commitment to delivering excellent service has truly transformed our practice's financial outlook.”

Client, TX

“If it wasn’t for your verification team, I would’ve never known I needed authorization for this surgical procedure. They have consistently sent verified reports on time, every day.”

Client, CA

“I highly recommend Bristol to any healthcare provider seeking a reliable and efficient medical billing partner. Their commitment to excellence, attention to detail, and dedication to maximizing revenue has been instrumental in helping our practice thrive financially.”

Client, CA

“Do you guys ever sleep? Thank you for answering all my questions immediately. I can’t imagine what I will do without your team.”

Client, TX

“I thank your coders for clearing our four months backlog within two weeks. I appreciate all your recommendations, it surely helps to improve our documentation.”

Client, CA

“Partnering with Bristol has been one of the best decisions I've made for my clinic, and I am grateful for their invaluable support."

Client, CA

“You have consistently provided accurate billing entries for us. I thank the entire team for a job well done."

Client, TX

“Your follow-up methodology seems to be working. Our collections have been increasing month on month. Great job! Stay on it.”

Client, CA

“I wanted to pass on our appreciation for the work the Bristol team is doing on the new BristolByte™ Quick Save feature. I am quite impressed by the speed with which the team is making design changes and implementing a process that will surely save us time. We appreciate it!”

Client, CA

“Their team took the time to understand our practice’s unique needs and workflows to implement a personalized billing process that ensured improved reimbursement rates. We’ve now eliminated duplicate data entry, minimized errors, and saved our staff valuable time.“

Client, TX

“With their expertise in managing our billing processes, we have been able to focus on what truly matters – delivering outstanding orthopedic care to our patients.”

Client, CA