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 South Dakota, such as Sioux Falls, Rapid City, and Aberdeen. We also extend our services to medical practices in smaller towns throughout the state of South Dakota.
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South Dakota’s population grew consistently each year from 2010 to 2022, with the largest increase of 1.5% between 2021 and 2022. The percentage of residents aged 65 and older rose from 14.3% in 2010 to 18% in 2022, a trend expected to continue, increasing the demand for healthcare services. RAETH is here to support healthcare professionals in meeting that growing need.
Medical practices in South Dakota may face challenges in billing and revenue cycle management that affect day-to-day operations. Outsourcing to RAETH Practice Solutions provides key benefits, such as expert clinical consulting, efficient patient balance processing, and customized financial reporting. These services help optimize revenue cycles and streamline workflows, allowing practices to focus on patient care.
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.