Our goal is for all of our clients to reach their full revenue potential.
Little Rock, Arkansas (PRWEB)
July 31, 2017
MedEvolve, Inc., a national provider of practice management (PM), revenue cycle management (RCM) and analytics software and services for specialty practices, announced today the company’s bookings for second quarter fiscal year 2017 represents the highest in its near twenty-year history. With change perpetually in the air for healthcare, MedEvolve has more momentum than ever to help physician practices prepare by consistently delivering market leading solutions to manage their revenue cycle.
The key to MedEvolve’s success in Q2 is its loyal client base that believes in the company’s solutions and are eager to invest in additional technology and services to help them run their practices more efficiently, and optimize their revenue cycles. Many clients are moving towards outsourcing RCM services completely, or on a project basis, which resulted in 85 percent of the company’s revenue for Q2. MedEvolve Practice Analytics, included in 43 percent of the bookings, is another big driver because it gives practices the insight required to maximize their financial performance.
One longtime MedEvolve client, an orthopedic practice in California, had performed billing in-house since its inception—only outsourcing occasional RCM projects to MedEvolve. However, as the cost to collect on outstanding patient balances increases, practices are finding a need to shift their focus from back-end billing and collections to front-end patient engagement functions like checking eligibility, providing treatment estimates and collecting balances prior to or at the time of service. After considering these factors, the practice determined it was time to outsource their back-office revenue cycle functions to MedEvolve.
“Current and prospective clients see our value because we are in the business of delivering technology and services that get them paid,” said Matt Seefeld, SVP of Business Development. “We let timely and accurate data drive all our decision making and that continues to pay off for our RCM clients. The decision may be to outsource a project to us to clean up aged account receivable, or in some cases, it means outsourcing…