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 Massachusetts, such as Boston and Lowell. We also extend our services to medical practices in smaller towns throughout the state of Massachusetts.
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Massachusetts’ population is projected to grow by 10.9% between 2020 and 2040, adding 760,536 people. As one of the most populous states in the Northeast, its medical practices face the challenge of serving a growing and aging population with diverse healthcare needs.
Billing and revenue cycle management can be particularly challenging for medical practices in Massachusetts, especially with the constantly evolving landscape. Outsourcing to RAETH offers solutions like clinical consulting, patient balance processing, and custom financial reports, helping practices streamline their workflows and optimize revenue cycle processes.
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.