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 York, such as New York City and Buffalo. We also extend our services to medical practices in smaller towns throughout the state of New York.
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New York’s population of adults 60 and older is growing faster than any other age group. By 2030, nearly 25% of the state’s population will be 60 and older, a 30% increase from 2012, according to the U.S. Census Bureau. As one of the largest states in the Northeast, New York is home to numerous specialty medical practices that must meet the needs of this aging population.
Medical practices in New York often face billing and revenue cycle management challenges that can disrupt daily operations. With the ever-changing billing landscape, staying current can be difficult while also meeting patient needs. Outsourcing medical billing to RAETH offers key benefits such as expert clinical consulting, patient balance processing, and custom financial reports, all designed to optimize your revenue cycle and improve workflow efficiency.
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.