Common Revenue Cycle Management challenges

One of the biggest challenges in RCM is payment collections. With most Americans enrolled in highly deductible health plans, patient pay balances have increased by 30% over the last 5 years.

Administrative burdens are also significant. 25% of the health care revenue goes towards operational cost and physicians spend a large portion of their workday on paperwork limiting patient care. Coding errors further impact revenue with approximately 80% of the medical bills containing mistakes causing denial and compliance risks.

Emerging trends like remote patient monitoring present new hurdles. RPM billing requires specialized documentation and the correct use of unique CPT codes, yet providers face difficulty ensuring proper reimbursements.

At Viante, we help healthcare providers tackle RCM challenges with technology-driven solutions and highly experienced professionals that streamlines the entire process. For Remote Patient Monitoring, we ensure proper documentation, billing and coding to maximize reimbursements. Our end-to-end approach from claim submission to follow-ups reduce initial denial rate below 4%. Improving first-past approvals. We also stay ahead of regulatory changes in showing providers remain compliant while optimizing revenue and efficiency.