Part 1: Maximizing Practice Value With Optimized Revenue Cycle Management (RCM) with Robert Kowalick
Episode description
The potential for growth and profitability in your practice depends on the efficiency of its Revenue Cycle Management (RCM). How do you create an effective RCM system that will help you provide a superior patient experience and give you valuable insight into patient behavioral data, aiding in streamlining your services to match their needs?
This week's The Dave Kittle Show episode, Dave Kittle welcomes Robert Kowalick. Robert is the founder of Revenue Cycle Solutions, LLC. His professional purpose is to help PT and OT private practice owners maximize the value of their private practice. Revenue Cycle Solutions has evolved from a billing service to a revenue cycle management partner to business intelligence data provider through its unique utilization of time based data to identify and quantify practice operational revenue risks. Through the use of the Practice Data Solutions platform he created through his other company, Ascend Solutions, they turn the medical billing process into a billing intelligence tool.
Connect with Robert via email at rmk@certifiedrsllc.com or learn more on his website at https://www.certifiedrsllc.com/.
In this episode, they will touch on such topics as:
- What it takes to scale a startup practice to 10,000 visits a month.
- Understanding the limitations of business structure into an outcome based provider of revenue cycle services and data and analytics.
- The key strategies to optimizing Revenue Cycle Management.
- How RCM is a vital part of your business to improve the financial health of your company.
- An effectively optimized Revenue Cycle Management is beneficial not just for the business but also for its consumers.
- A combination of implementing best practices and using the right technology can skyrocket your revenue and maximize your business value.
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