How many hours each day does your staff spend managing
reimbursements, resubmitting claims, or completing insurance
A recent report from the MGMA reveals a concerning developing trend. Medical collection rates are declining nationwide, despite the increased amount of time medical office staff are spending on A/R related tasks.
Our revenue cycle management services allow your staff to spend their valuable time focusing on providing the best patient experience, rather than wasting hours each day tracking down reimbursements and receivables from insurers.
After all, LYP is short for “Love Your Patient”, and it’s our job to make sure it shows!
Outsource part or all your revenue cycle processes to LYP to optimize reimbursements and revenue of your practice, health system, or hospital. We help improve your organization’s financial health and cash flow by streamlining the revenue cycle, receivables, and collection process, keeping your practice’s financials as current and as solvent as possible.
Our comprehensive revenue cycle management service automates and facilitates efficient onboarding of new patients, including registration and insurance verification. We also assist with submitting claims and any correspondence or follow-up with payers, patients, or insurers.
Additionally, we can help you reduce rejected claims and denials with our Accounts Receivable and Denial Management services.
LYP offers a variety of revenue cycle management services – choose which one(s) you need most, or we can manage all these tasks for you:
Industry-wide, persistent staff shortages and turnover in the healthcare workforce provide numerous challenges impacting the efficiency of your revenue cycle management, often delaying collections or decreasing insurance reimbursements coming into the practice.
LYP’s revenue cycle management service frees up your in-house staff’s time from resubmitting claims or chasing reimbursements. Skip the labor-intensive, costly process of hiring and training new employees and juggling staff turnover. Supplement your existing office staff and alleviate their workload by outsourcing your revenue cycle management functions to LYP.
Discover the customized revenue cycle management solution that best fits your organization’s needs – Let’s talk today.
Learn how LYP Health Management shows your patients how much you care.