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 New Hampshire, such as Manchester, Nashua, Concord, and Derry. We also extend our services to medical practices in smaller towns throughout the state of New Hampshire.
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New Hampshire’s population is projected to reach 1,501,909 by 2050, an increase of over 124,000 or 9% from the 2020 Census count of 1,377,533. More than 20% of the state’s residents are currently aged 65 and older, a figure expected to grow in the coming decades. This shift highlights the increasing demand for assisted living facilities and the unique challenges of medical billing for the elderly.
With seniors visiting medical facilities three times more often than those under 44, medical billing becomes more complex, requiring strict adherence to Centers for Medicare & Medicaid Services (CMS) regulations. RAETH Practice Solutions serves as a valuable partner for medical practices, streamlining complex, time-consuming billing tasks while ensuring full compliance with CMS guidelines, especially tailored to meet the needs of the aging population.
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.