GoTelecare Franchise
41 Madison Avenue, 25th Floor, New York, NY 10010 New York New York 10010


Franchise Business Opportunities in Revenue Cycle Management

Ensuring best practices with healthcare revenue cycle management is the primary concern for the providers. They need to ensure the right benchmark with quality prior authorization and benefits check process that will help them implement the right checks and balances.


Business Opportunities in Revenue Cycle Management

Also, it is pertinent to have a composite plan in place with account management and how to target the low hanging fruits or namely the aging accounts that need immediate attention and will be yielding better financial returns.

The question for every practice today is “Do we have the necessary skills or required technology for upgrading our medical billing? Most of them will find it quite a daunting task to manage everything in-house and definitely will be looking for external options or a disciplined third party intervention.

There are a lot of medical billing companies functioning but getting a company to handle your end to end revenue cycle management isn’t easy. It will be critical to review the pool of medical billers and coders, a team in A/R follow-ups, a robust contact center and last but not the least compliance to industry practices primarily 100% HIPAA in all operational activities for generating consistent ROI.

A key attribute will also be the distinct methodology followed and the flexible models of engagement that is provided by the vendor reducing billing costs admirably for a provider.

Similarly, there are enough opportunities in franchise form of engagement for aspiring business entities that are looking to make their presence felt in US healthcare industry. Getting yourself partnered with a prominent vendor will always be of high value especially as you get comprehensive marketing and presales support that will help you demonstrate your value to the provider in best proportions.

At the end, you will have to look for a franchise that will help you demystify the challenge areas of a provider and providing them a strategic financial model that is transparent yielding them better reimbursements that will improve their care management in all aspects.