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 Mexico, such as Albuquerque, Las Cruces, Rio Rancho, Santa Fe, and Roswell. We also extend our services to medical practices in smaller towns throughout the state of New Mexico.
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According to the latest U.S. Census data, as of 2020, around 20% of New Mexico’s population is aged 65 and older, with this demographic growing significantly across all 33 counties over the past decade. As elderly populations often face more complex health issues, this leads to more intricate medical billing challenges.
Adhering to all Centers for Medicare & Medicaid Services (CMS) regulations is crucial for reimbursement and quality care for senior patients under Medicare. RAETH Practice Solutions can be your strategic partner, allowing you to outsource complex, time-consuming tasks. We ensure full CMS compliance while streamlining billing processes to meet the unique needs of an aging population with the help of our skilled medical coders and revenue cycle experts.
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.