RAETH Practice Solutions offers a comprehensive suite of revenue cycle solutions, including medical coding, charge coding, credentialing, and technical support for medical practices across major metropolitan areas in Connecticut, such as Bridgeport and New Haven. We also extend our services to medical practices in smaller towns throughout the state of Connecticut.
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Connecticut’s population grew by over 255,000 from 1970 to 1990 and added another 300,000 between 1990 and 2015, a 9.3% increase. As one of the most populous states in the Northeast, Connecticut’s medical practices face the challenge of serving a growing and aging population with diverse healthcare needs.
Medical practices in Connecticut often struggle with billing and revenue cycle management due to the ever-changing landscape. Outsourcing billing to RAETH Practice Solutions offers benefits such as expert clinical consulting, patient balance processing, and custom financial reports, helping optimize revenue cycle processes and improve workflow.
Optimizing revenue cycle management involves various strategies to improve profitability, such as educating providers on coding changes, adjusting EHR software templates, creating efficient system interfaces, improving patient statement protocols, setting collection and refund policies, updating fee schedules, and enhancing reporting. These efforts lead to better financial and clinical decisions, ultimately boosting profitability.