Our end-to-end RCM services help your practice increase your revenue + reduce billing inefficiencies that hurt your cash flow. Find the right service for your practice.
Denial & Appeals Management
Accounts Receivable Follow up
Start your revenue cycle off right! DrCatalyst helps you secure your reimbursements by processing the first step of your revenue cycle with the highest level of accuracy and efficiency. Our team of experts will post charges that adhere to the proper coding, ensure that bills are complete and accurate, plus more.
Did you know - doctors in the U.S. lose an estimated $125 billion every year due to poor medical billing systems and coding errors? As you can see, billing mistakes can have a big impact on your bottom line. We want to help. Let our team of AAPC certified coders handle your medical coding and say goodbye to billing errors, frequent denials and lost revenue.
The days of worrying about whether or not you’ll be paid are over. Our team will accurately record the payments, fees and reimbursements that your clinic receives. Plus, with impeccable attention to detail, our remote staff posts the complete and exact payment information in your EHR. The payment posting services that our team provides will help you streamline your billing process, avoid payment posting errors and enhance your overall financial performance.
Our team will help you decrease your denial backlog and help you reduce denial rates over the long term. Additionally, we can help you appeal your denied claims - we’ll formulate an appeal strategy and write an effective appeal letter on your behalf. Medical claim denials are a significant challenge for most medical practices - that’s why you’ll have our team on your side to work your accounts, identify the main cause of your denials and work with your staff to implement strategies that will ensure you get paid in a timely manner.
We aim to automate your accounts receivable management through our excellent services and proficiency in healthcare IT. We handle rejected claims, eligibility, statements, follow ups, and more. Our team will help you collect payments efficiently, minimize time for outstanding accounts and recover overdue payments.
We'll help you monitor your income by providing detailed, customizable, and timely revenue cycle reports. We can customize your reports to be generated daily, weekly, monthly, quarterly or yearly, based on your requirements. Additionally, our team will intensively review your billing information so that the details of the patient statement remain accurate and error-free. And we offer full transparency with this service - you'll be able to easily keep an eye on your revenue through detailed reports while we do all the work for you!
These are the most common ones that we see.
Medical billing errors may be more common (and way more costly) than you think. In fact, your medical practice may be losing more than one-fourth of your income due to billing errors. Although there is no surefire way to avoid all billing mistakes, simply understanding the top billing mistakes can help you avoid them.
You may be the best practice in town, but if you can’t collect payment for your services or get your claims approved, your practice will struggle. Waiting for your money is literally costing you money. That's why having an A/R follow up plan is so important.
You may be the best practice in town, but if you can’t collect payment for your services or get your claims approved, your practice will struggle. Waiting for your money is literally costing you money. That's why having an A/R followup plan is so important.
Patient healthcare costs (out-of-pocket maximums, co-pays & deductibles) have increased by almost 30% since 2015. In fact, for many Physician Practices, getting high-deductible patients to pay is their top challenge. As a result, many physicians are losing out on a substancial amount of collections.
We maintain a 97% clean claim submission rate to ensure your charges get out the door accurately and quickly.
We help practices reduce their accounts receivable and speed up cash flow.
We've helped our clients increase revenue by 20% by selecting the proper ICD-10, CPT, E&M and HCPCS codes.