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 Maryland, such as Baltimore, Silver Spring, and Waldorf. We also extend our services to medical practices in smaller towns throughout the state of Maryland.
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According to the 2020 census, Maryland’s population stands at 6,177,224, ranking it 18th in the nation. The state’s population grows by at least 7% each decade, making it the 22nd fastest-growing state relative to population size. The U.S. Census Bureau projects that by 2030, 22% of Maryland’s population will be 60 and older, reflecting a 26% increase since 2012. This rapidly growing aging population is likely to heighten demand for healthcare services, placing additional burdens on healthcare professionals. To address these challenges, RAETH offers a comprehensive solution that empowers you to make informed patient care decisions while enhancing revenue cycle management for your Maryland-based medical practice.
Optimizing revenue cycle management involves addressing various factors that collectively enhance profitability. This includes educating providers on coding updates, recommending EHR template adjustments, creating software interfaces to reduce redundant data entry, improving patient statement and delinquency protocols, setting up collection and refund processes, monitoring fee schedules, and delivering timely, effective reporting. Together, these actions support better financial and clinical decisions, driving improved profitability.