In today’s challenging healthcare environment, independent practices are under increasing pressure. The rising cost of running a practice—driven by aging populations, complex chronic care needs, technological advances, and administrative overhead—is putting a significant strain on providers. But there is a strategic solution: outsourcing your revenue cycle management (RCM).
Why Healthcare Costs Are Rising
There’s no denying it: healthcare is becoming more expensive. The reasons are numerous:
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An aging population brings increased chronic disease management.
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Rapid advances in medical technology drive up service costs.
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Medications and services are priced higher than ever.
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Administrative overhead continues to climb, draining resources from patient care.
Practices that try to juggle everything in-house often find themselves overwhelmed. That’s where managed services can make a meaningful impact.
Is It Time to Outsource? Key Indicators to Watch For
You might be ready for managed services if your practice is experiencing:
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High claim denial rates
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Declining cash flow
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Rising administrative costs
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Frequent staff turnover
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Compliance and transparency issues
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Stagnant growth
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Patient complaints about billing
These red flags point to systemic inefficiencies that RCM services are designed to address.
The Benefits of Revenue Cycle Managed Services
By outsourcing revenue cycle management, practices can:
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Improve revenue collection with expert claim submission and follow-up.
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Lower operational costs and reduce the burden on in-house staff.
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Focus on core competencies like patient care and outcomes.
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Access specialized expertise from professionals who understand payer trends and coding requirements.
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Scale operations as the practice grows.
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Ensure compliance and reduce risk with dedicated support teams and transparent reporting.
What RCM Services Include
With NextGen Healthcare’s Revenue Cycle Managed Services, practices gain:
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Charge entry review and claim submission
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Payment posting and claim analysis
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Follow-up on all unpaid and underpaid claims
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Proactive denial and underpayment management
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AR aging monitoring and performance dashboards
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Communication with insurers to speed up claim resolution
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A dedicated team aligned with your specialty’s unique billing needs
A Success Story: Dr. Reda’s Practice
Take it from Dr. Frank Reda, who opened his practice in 1998 and adopted NextGen Office in 2018. When the COVID-19 pandemic disrupted his operations, Dr. Reda leaned on Revenue Cycle Managed Services to maintain financial stability while focusing on patient care. The result? An average increase of $19 in reimbursement per encounter and a stable clean claims rate. Read more about Dr. Reda's success in his full case study
Let Us Help Your Practice Thrive
With our RCM services, your practice doesn’t just stay afloat—it grows stronger. Free your team from billing headaches, improve cash flow, and spend more time doing what matters most: caring for patients.Ready to transform your revenue cycle? Learn more about our RCM services.
