Through the RCM solution by NikoHealth, HME/DME providers can become more competitive in their market by maximizing revenue with better-quality care, implementing workflow automation, and decreasing administrative burden. Make a successful transition from fee-for-service to value-based reimbursement.
The Most Innovative Organizations Partner With NikoHealth
Access our single cloud-based platform everywhere on any device. Your RCM software connection is live anywhere.
A modern, simple, and intuitively straightforward interface will boost your productivity and reduce employees' learning curve.
RCM software will help your business automate all processes and prevent the chance of a mistake.
With real-time patient navigation, hospitals can better manage and measure success in bundled payment programs.
Reach Full Potential With RCM Software by NikoHealth
Healthcare professionals require excellent revenue cycle management software to simplify relations with patients and customer experience, manage their finances, drive profit, and boost efficiency. HME providers can find more success by adopting an integrated approach to drive revenue and efficiency.
With NikoHealth's revenue cycle management software, there are no issues with contract governance or contract management. This ensures that your company is reimbursed accurately for all the services provided and identifies which claims are underpaid or denied. Measuring payer performance and understanding how payers compare is a critical component to contract governance.
Payer Negotiations and Rate Setting
HME/DME RCM software will help you with payer negotiations and setting charges correctly. After establishing contract governance, this historical data can be leveraged to aggressively model payer contracts in real-time while using the same platform to develop a competitive rate-setting strategy.
Once the charges are set in place, your team must utilize the data insights from the same revenue cycle platform that drives contract governance, modeling, inventory, and rate-setting to deploy a successful patient engagement strategy for pricing transparency and consumerism. In healthcare today, this means giving patients the means to price shop for healthcare services.
In the final phase of revenue cycle maturity, the challenge is gaining a competitive advantage as the market shifts from fee-for-service to value-based reimbursement and enabling HME and DME providers to lead with a high-value and high-volume strategy by incorporating current contract governance and risk assessment.
NikoHealth has helped transform our business by providing end-to-end visibility which enables us to control and make decisions faster and deliver better care for our patients.
The business of O&P requires companies to operate as efficiently as possible while streamlining workflows, improving collections, managing inventory and reducing AR. Oftentimes providers are using multiple systems to complete business functions requiring more manual effort resulting in higher costs. Here are some things you may want to look for when evaluating the right software for your business.
What DME suppliers should pay attention to is DME coding. Faulty DME coding can affect your DME billing system. For example, if you don’t get reliable DME coding, your customers’ insurance company may deny or reject your payment claims.
It’s a good practice for healthcare providers to have a central repository of patient electronic medical records (EMR) to coordinate with other healthcare networks and providers. EMR is essential, as it allows caregivers to keep and track a patient’s health history across multiple clinical settings. The EMR system also facilitates the creation of shareable medical data.
Healthcare providers, from small family practices to large hospital systems, can’t effectively treat patients if their own processes and procedures are bloated, blocked, or otherwise unsound. In order to prevent this and ensure their financial health, organizations must practice solid healthcare revenue cycle management.
Home healthcare is one of the USA's fastest-growing and most affluent industries. You’ll learn how to improve your home care business in this article. In addition, you’ll learn how to exploit home care business software.
NikoHealth, one of the leading cloud-based HME|DME software providers, announces the launch of a new feature: flexible payment plan options for patients. The new functionality allows MHE|DME suppliers to set up payment plans that fit the needs of patients.
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